Categories
India Market Insurance

One year of COVID-19: The tale of unsettled health insurance claims

Sumary of One year of COVID-19: The tale of unsettled health insurance claims:

  • In this special two-part series, Moneycontrol brings out a few unusual COVID-19 claims that ran into rough weather with the insurers…
  • When the Insurance Regulatory and Development Authority of India (IRDAI) came up with norms for standardised COVID-19 specific policies in July 2020, many rushed to buy them…
  • With stories of disputes between hospitals and insurers gaining prominence, they assumed that dedicated policies would cause fewer hassles…
  • When he contracted COVID-19 in December last year, he was confident that the Corona Rakshak policy he had purchased from a private insurer would come to his aid…
  • “My hospitalisation expenses amounted to Rs 60,000, but the insurer refused to pay the claim on the grounds that my hospitalisation was not justified…
  • This, despite producing doctor certificate advising hospitalisation, hospital case papers and all other documents that it asked for,”..
  • Will the insurance company take responsibility if the condition deteriorates rapidly, as has happened in COVID-19 cases?”..
  • But COVID Rakshak policy doesn’t link the payout to the severity of infection or intensity of care provided,”..
  • points out Anuj Jindal, Co-founder, Surelclaim.in COVID-19 cases have risen once again in many states across India…
  • Such regular claim hassles apart, being aware of unusual claims or disputes that have tormented policyholders will help you deal with such situations better in the days to come…
  • Wherever government guidelines said a patient (with mild symptoms) can be quarantined and treated at home, we had to say no to hospitalisation….

Want to know more click here go to source.