Basics of a Health Insurance Policy

any moment with accidents and illnesses. And if you do get hospitalized, then over-the-top healthcare expenses may be difficult to pay from your own pocket.

What does Health Insurance cover and what does it exclude?

As health insurance in India is synonymous with “hospitalization”, your health insurance policy will mainly cover hospitalization expenses provided, you undergo treatment in the hospital for at least for 24 hours. The expenses for hospital bed, nursing, surgeon’s fees, consultant doctor’s fees, cost of blood, operation theatre charges are all covered. While, certain diseases that are specified under the policy’s terms and conditions may be excluded from coverage or may be covered only after one or two years of the policy issue date. Also, cosmetic treatments, and those that do not involve hospitalization, are not covered.

What are pre-existing diseases?

Pre-existing diseases are those that a person may have suffered from, or sought treatment for, or even  such a disease which he may have had, but may not have been aware of, before the date of issue of the Health Insurance policy. Normally there is a waiting period of two to four years before which preexisting diseases are covered