Paying premium regularly for Health Insurance Policy. Do I have any concessions in making a claim?

Paying premium regularly for Health Insurance Policy. Do I have any concessions in making a claim?

 

Q and A

I have taken a medical insurance policy and have been paying the premium regularly. So far no claim has been made. Do I have any concessions in making a claim?

Question by Mr. Ramesh Kumar, Madurai

Reply By

Mr.S. Sridharan, Founder,  https://www.walletwealth.co.in/ 

Policy Claim can not be contested:

No policy and claim of health insurance shall be contestable on any grounds of non-disclosure and / or misrepresentation except for established fraud, after the completion of the Moratorium Period that is 5 years (60 months) of continuous coverage.

The accrued credits gained under the ported and migrated policies shall be counted for the purpose of calculating the Moratorium period.

 

For More details

 Team Wallet Wealth,

AMFI Registered Mutual Fund Distributor & Insurance Advisor

2^nd Floor, No.8A, 2^nd Main Road, Nanganallur,

Chennai – 600 061

Cell: 9940116967. Ph: 044-48612114

https://www.walletwealth.co.in/ 

Email id : sridharan@walletwealth.co.in

You can contact Mr.S.Sridharan for all types of investments including mutual fund investment, medical insurance, and life insurance. Read articles written by Mr. S. Sridharan in Nanayam Vikatan, a leading personal financial management magazine. https://www.vikatan.com/author/855-sridharan-s

Share: