10 Amazing Benefits of Dry Dates (Chuara) in Daily Life | PayBima
868
6 min read
A health insurance without room rent capping allows the policyholder to avail a hospital room of their choice when getting treatment. This is possible if the total claim amount of your hospital bill does not go beyond the sum assured of the policy. This feature will allow you to select your preferred room that you stay in during your treatment in a hospital as well as in the ICU.
Capping on room rent means the maximum sum of money that an insurance company offers to the insured for hospital room charges in the event of hospitalization of the insured.
It is very important to check the room rent capping allowed in your health insurance to know the maximum amount that an insured has to pay for his/her room during hospitalization. Every health insurance policy mentions the capping on room rent in the policy document, which a policyholder must check while buying the policy. If your room charges goes beyond the limit offered under the health plan, you will have to pay the extra from your pocket.
Hence, it is always better to go for policies that offer No Room Rent Capping in Health Insurance. No Room Rent Capping in health insurance means that the insured can choose a hospital room while undergoing treatment without any restriction on the room charges. Thus, the policyholders can choose any room as per their choice during hospitalization.
Know More: What is Room Rent Capping Under Health Insurance Policy?
When we talk about room rent capping, the policies and terms of each insurance plan might vary. Hence, it is important to check the policy papers with details of all applicable policies. Further, you must also have the understanding of the various types of capping on room rent under health insurance to buy a policy suiting your need:
There are some health insurance companies who offer health insurance with No Capping on Room Rent. So, under these plans there is no maximum limit on room rent being levied by the insurer. As per this category, the insured is allowed to select the hospital room that fulfills his/her requirement closely.
Co-pay means that the insurance provider and the insured share the treatment cost including the room rent. So, here the policyholder as well as the insurer are together responsible to pay the charges to the hospital. Hence, the claim amount is shared as per the terms of co-pay.
In this case the charges of room rent claimed by a policyholder is capped frequently by the insurer. And in case the charges go beyond the capped limit, the insured is required to pay the extra amount.
In this type of room rent capping, the insurer allow the insured to choose the rent of the hospital room as per the need of the insured and availability of the rooms. If the room rent amount is limited, you may choose a room that is within your budget and doesn’t exceed the capped amount. Else, you may have to pay the added cost on your own.
By paying an extra nominal charge, the policyholder can avail an added option of room rent waiver along with their comprehensive health plan at the time of buying the plan. This add-on will help in removing the room rent ceiling.
The benefits of availing a health policy that doesn’t cap the room rent charges is very important. Some of the benefits are mentioned below:
This is the most important benefit of buying a policy of health insurance with no room rent capping. So, if your policy doesn’t restrict your hospital room charges, you can choose to stay in the room as per your need and choice. So, whatever distinct requirement you have, you can choose the hospital room as per that need if your health plan allows No Capping on Room Rent.
An insurance provider will fulfill all such expenses as long as they comply by the terms and conditions of the policy. So, depending on your health policy conditions, you have to choose whether to opt for a modest hospital or to go for an opulent one. Accordingly, you must decide whether to break the sum insured or not. However, you must keep in mind that the maximum bill amount on your treatment shouldn’t go beyond the sum insured amount of your policy. This is because the insurer will pay the claim amount up to the sum insured.
Depending on the requirement of single room or twin sharing room etc., the insured can choose to pick the room of their choice while getting treatment in a hospital for an ailment. And to make things easy and comfortable, it is better to buy a comprehensive health insurance policy without any capping on hospital room rent.
Room rent capping was done to have a ceiling on the upper limit of the room charges in a hospital while getting treatment. Thus, it is important to check the room rent capping health insurance while buying a plan. So, if you are looking for a health insurance plan, make sure to check the capping on room rent.
There are a number of health insurance plans these days that do not have any restrictions on room rent. This makes it easy for the policyholder to get the hospital treatment done while staying in a room that they want.
Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit PayBima to Buy Insurance Online.
PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
AYUSH treatments have recently generated massive popularity as an emerging branch of medicine. Looking at the increasing demand for the treatment, it has become imperative.
The year 2024 started with some groundbreaking measures and initiatives in the health insurance sector to facilitate policyholders with better health coverage and benefits. One.
Our knee is an important joint in the entire musculoskeletal system. The support and strength of the knee are pivotal for fluid movement and locomotion..
Updated on Jan 30, 2024 Understanding how OPD and IPD are two different terms in medical science, their coverage in health insurance plans and the.
Updated on Jan 23, 2024 February 10 marks the National Deworming Day observed every year across India. Let us understand the importance of deworming and.
Insurance is an indispensable requirement. However, not everyone can afford individual medical insurance to stay covered against major uncertainties, especially after retirement. If that is.
Updated on Feb 22, 2024 World Cancer Day aims at educating people and spreading awareness about detecting cancer and its prevention and treatment. Let us.
Updated on Jan 23, 2024 Rare Disease Day is an occasion observed on the last day of February every year. This year February 28 marks.
Cancer is a disease that needs no introduction. We all know how deadly the disease is and how rapidly it is spreading across the world,.
Updated on Jan 30, 2024 What is Insurance Regulatory and Development Authority (IRDA)? - Know in Detail The Insurance Regulatory and Development Authority of India.
Speak to our advisor
Mahindra Insurance Brokers Limited (A Mahindra Group Company) - Unit-202, A-Wing, 2nd Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, LBS Marg, Kurla West, Mumbai - 400070. Tel: +91 22 66423800
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2024 Mahindra Insurance Brokers. All Right Reserved.
Verify your number to activate your best premium offer
Please enter the OTP sent to XXXXXX 4099 to continue