Health Insurance

Health insurance is one of the fastest growing industry. Health Insurance provides coverage of hospitalization, pre-hospitalization, and post-hospitalization. The expenses are either reimbursed to the individual or directly paid to the healthcare provider directly.

Importance of Health Insurance:

The hospitalization cost is very expensive especially in the private sector in this case buying a health insurance policy for yourself and your family is important. You can avoid these high expenses by just paying a small annual premium which would lessen your stress in case of medical emergencies. Citymine Business Health Insurance Policies cover expenses made towards doctor’s consultation fees, cost of medical tests, ambulance changes, hospitalization cost and pre-hospitalization recovery.

Benefits of Health Insurance Policies:

  • Cashless Treatment
  • Pre and post hospitalization cost coverage
  • Transportation Charges
  • Medical Checkups
  • Hospital Room Rent
  • Tax Benefit

Types of Health Insurance:

Individual Health Insurance: This policy covers the health expenses and hospitalization expenses of an individual who is policy holder.

Family Health Insurance: Under this policy an individual can include all family members against multiple diseases under a single cover. This policy offers fixed sum assured for the family members.

Senior Citizen Health Insurance: This policy is designed for the senior citizens or individuals over 60 years of age offering protection from health issues during old age.

Surgery and Critical Illness Insurance: This policy is suitable for the treatment for Critical Illness such as Paralysis, Cancer, Heart Attack etc…

Personal Accident Insurance: This policy covers hospitalization expenses in the event of an accident. Premium amount is depending upon the amount of cover taken.

Maternity Health Insurance: This policy covers costs, including pre and postnatal care, child delivery expenses of newborn babies. This policy is also covered for the newborn up to a certain period of time as mentioned in the plan. Ambulance costs are also covered.

Documents required for Health Insurance:

Proof of Age – You will have to provide the age proof of all the persons who will be getting covered with the health insurance policy opted by you. Following are the acceptable documents you can provide for this:

  • Birth certificate
  • 10th or 12th mark sheet
  • Passport
  • Aadhaar card
  • Voting ID
  • Driving license
  • PAN card etc..

Identity Proof – You will be required to produce any of the following identity proof:

  • Aadhaar card
  • Passport
  • Voting ID
  • Driving license
  • PAN card

Address Proof – You will be required to submit your permanent proof of address. You can submit any of the following documents for the same:

  • Electricity bill
  • Telephone bill
  • Ration card
  • Passport
  • Aadhaar card
  • Driving license
  • Voting ID
  • Passport size photos

Sometimes health insurance policies might require you to undergo a few medical tests. You will be required to submit the medical reports detailing the results of these tests as well.

Besides these documents, insurance companies might require some specific set of documents or other relevant information based on their business rules, and also on the scrutiny of your proposal.
The documents needed for claim are different than the ones needed for registering a claim.
If you go for a cashless claim, you need not worry about submitting any documents to the insurance company. The network hospital, where you received the treatment will send all the required documents as well as details of your treatment to your health insurance company.

However, in case you opt for claim settlement by reimbursement, you will need to submit the necessary documents to your insurance company, by collecting them from the hospital where you received the treatment. The insurance company will verify all the documents submitted by you and the claim amount will be directly deposited in your bank account.

Following is the list of documents required for health insurance claim settlement by reimbursement:

  • Insurance company’s claim form, duly filled and signed by you
  • Discharge card
  • Written consultation from the doctor with receipts
  • Your hospital bills, which have to be stamped and signed by the hospital authorities
  • X-ray films and other test results such as blood test, urine test etc..
  • Medicine bills
  • Other relevant documents relating to the cause of treatment

It is best advised that you maintain a copy of all the documents that you have submitted while applying for a health insurance policy and while registering a claim against the same. Visit our website, where you can find numerous customized health insurance products and choose the one that can fulfill all your requirements.