4 min read
Insurance is a subject that many people find difficult to comprehend. And many times, the lack of knowledge becomes the causes for health insurance claims being denied. Let’s read more.
Every time you see an advertisement or read an article about insurance, it mentions that the investor should read the policy document clearly before buying the policy. However, most people have this habit of ignoring their health insurance policy papers. Some people ignore thorough reading of the terms and conditions due to lack of understanding of insurance jargons, while others may ignore due to lack of attention. Such ignorance leads to carelessness, which in turn leads to denial of health insurance in many cases.
Some people, whose claims were approved, might think that raising a claim is smooth, while those whose claims get rejected might feel that the insurance claim process is very harsh and complicated.
Thus, it is necessary that an insured person should know the reasons for which claims can be denied. At the same time, it is equally important to understand the preventative measures that can be applied so that the claim does not get rejected. If the insured can persuade the insurer that the raised claim is legitimate, they might re-consider the claim even after it was rejected.
Moreover, it is equally important to check the health insurance claim ratio of the insurer from which you are planning to buy the policy so that you can choose an insurance company offering a good health insurance claim ratio.
In this blog, we are discussing the reasons why claims get denied.
If a health insurance claim is denied, you have to understand the reason why it is denied. Only then you could seek appropriate steps.
Below are some of the leading causes of denial of health insurance claims:
No one likes their claims getting rejected because if your claim is denied, you may not get the compensation money back and thus would have to use your savings to compensate for the loss. Even if you receive the claim amount later, the health insurance claim process still gets delayed and you receive the money very late.
However, the good thing is there are many steps that the insured can take to limit the probability of claims getting denied. The above mentioned points are some such instances under which claims are denied. So, keeping in mind such points would help in making less mistakes and getting your claims approved.
Also read: What is Deductible in Health Insurance?
Found this post informational? 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.
View this post on Instagram
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.
Universal Health Coverage Day is observed every year on December 12 to make sure that people around the world can have access to high-quality health services.
The quality of air continues to deteriorate in India, especially in the northern region with the air quality index (AQI) in the critical category. This.
A vibrant land of cultural coalesce, India amuses the world with its unique values and diversity. The festivals play a significant role in this regard..
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.
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,.
Like in other products, GST is levied on health insurance policies too. But did you know that an NRI or non-resident Indian with a health.
Antibiotics are like marvels of medical sciences which have transformed the healthcare sector by limiting some of the deadly infections. From the earliest discovery of.
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 © 2023 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