Personal Finance
It is advisable to disclose the surgery details along with all treatment records basis which the insurer will take a decision on the risk and confirm acceptance/non-acceptance of the proposal
Updated : Sep 12, 2018, 06:50 AM IST
It is advisable to disclose the surgery details along with all treatment records basis which the insurer will take a decision on the risk and confirm acceptance/non-acceptance of the proposal. Most health insurance policies do not provide cover for complications due to heart disease. But there are few insurers who now offer specific products dedicated to individuals who have undergone angioplasty or bypass surgery (suffering from cardiac ailments). You may explore these products before buying a health insurance policy, and make an informed decision.
Majority of home insurance policies cover loss or theft of jewellery. Your jewellery is covered for around the clock, as it is secure not just while being stored at home, but also when in transit. Home insurance also covers loss or theft of valuables other than jewellery, like silverware, precious metals, and cash.
The policy terms may not list out certain specific deductions like non-medical expenses, sub-limits and limits of specific procedures, etc. Monetary deductions are mainly made with respect to restriction on room rent, co-payment, and other such factors. There are cases when the payable amount has been exactly in line with the claimed amount, but these are all dependent on the policy you have. Therefore, we recommend customers to reach out to their insurer and clarify details of deductions so as to be well-informed on all the processes.
The writer is MD&CEO, SBI General Insurance
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