Related Articles
.png)
Jan 08, 2025
Is Varicose Vein surgery covered under the health insurance policy in India
Health Insurance
.png)
What is the documentation process to buy medical insurance?
Health insurance is an important service that helps you take care of the financial burden of medical emergencies, no matter when they may occur. Medical insurance isn’t just a tax-saving tool – it can be your best investment.
Health insurance policies are available to people aged 18 and over, but it’s recommended that you purchase one as soon as possible so that you still have time to save money for the future while relying on your health insurance policy in case of emergency.
This blog will provide you with a list of paperwork you need to buy medical insurance online.
Medical Insurance Documents
The medical insurance industry is a highly competitive one, with new players entering the market every day. With the advent of Internet-based health care services, buying medical insurance and online term insurance plans has become more convenient than ever before. However, there are many things to keep in mind before you buy medical insurance online. The first thing you need to do is identify your requirements and then select the corresponding set of documents that will be required for your application process.
The following are the documents required to apply for medical insurance:
1. Age Proof
You will be required to show evidence of age for every individual who will be insured by the medical insurance policy you choose. You may submit any of the following legal papers.
- Certificate of Birth
- Aadhaar Card
- Secondary or Higher Secondary Exam Mark Sheet
- Passport
- Driver’s License
- Voter’s ID Card
- PAN Card
2. Proof of Identity
One of the following types of identification will be required of you:
- Aadhaar Card
- Passport
- Voter’s ID Card
- Driver’s License
- PAN Card
3. Proof of Address
You will be asked to provide permanent evidence of address. For the same, you may provide any of the following legal papers.
- Aadhaar Card
- Electricity Bill
- Voter’s ID Card
- Telephone Bill
- Driver’s License
- Passport
- Ration Card
4. Income Proof
The policyholder can choose the Sum Assured and the total coverage that can be provided to the Insured by providing income proof.
5. Photographs
The insurance company requires passport-size photos.
6. Medical Report
You must submit the test report from the medical examination in addition to undergoing the examination. This applies typically when an insurance provider requests the outcomes of a pre-medical check-up.
What is the Documentation Process to buy Medical Insurance?
~ Proof of Identity. The insurer uses identity proof of the policyholder to maintain records. ...
~ Proof of Age. One of the essential documents required for health insurance is the age proof of the insured. ...
~ Proof of Address. ...
~ Other Important Documents.
Step 1: You must notify the insurer of any scheduled treatment or urgent hospitalisation within the specified time frame.
Step 2: Cover the costs of the medical care received and have the original receipts on hand.
Step 3: Submit to the insurer the original invoices, the insurance claim form, and any additional supporting paperwork.
Unless there is a specific stated cap, you can use your health insurance policy as many times as you choose. The sum insured amount is the only limitation on the claims.
Yes, depending on the insured person's age upon admission, the insurer may demand that they undergo a medical checkup.
Author Bio
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.
Other Health Insurance Products
Jan 08, 2025
Health Insurance
Latest Post
Fixed Deposits (FDs) are one of the safest ways to grow your savings. HDFC Bank offers attractive FD interest rates, allowing you to earn guaranteed returns on your investment. But before you invest, it's important to know how much interest you will earn and what your final maturity amount will be.
If you think of life insurance, chances are you are picturing something people buy in their 30s or 40s. But what if you are 65 or older and just getting started? The good news is that you are never too late. Whether you are thinking of easing the financial burden on your family, covering final expenses, or simply leaving behind a legacy, there are life insurance options tailored just for you.
This article will be a guide to life insurance for senior citizens above 65 years, explaining why it is important, the type of insurance options, and how to get the right policy for you.
Have you ever caught yourself lost in illusions about your daughter's future events, such as her university convocation and first day at work? Her university convocation. When she embarks upon her initial job after graduation will be the day.
Let’s be honest – life insurance planning isn’t exactly someone’s weekend hobby. It is the financial equivalent of flossing: we understand its importance, but we tend to put it off. But somewhere between balancing work and life, you might realise you need to have a solid plan in place – just in case.
We all know that health insurance policies offer a long list of inclusions. However, exclusions are also a crucial aspect of every policy. Overlooking policy documents can surprise you with hidden clauses that you didn't even know existed. To avoid such unpleasant situations and unexpected expenses during medical emergencies, it is crucial to uncover hidden clauses your health insurance policy may contain. When you buy health insurance online, make sure to know all about the policy before signing the document.
From least known exclusions to waiting periods and conditions in the fine print, hidden clauses can affect your overall experience. To help you out, here are the top hidden clauses of a health insurance policy that you should know.
Speak to our Advisor
+91
By clicking the button, I authorize Paybima advisor to contact me via SMS, Email, Phone, WhatsApp or any other modes overriding my 'DND'.T&C Apply.