Can you file medical health insurance claims from two completely different corporations?

Can I search medical health insurance declare from my very own firm and partner’s firm in case of an exigency? Can I shift to a different coverage as soon as the restrict in one of many insurance policies will get exhausted?

-Name withheld on request

Yes, you might have an choice to assert underneath anyone coverage or utilise the sum insured underneath both and declare the stability underneath the opposite. Once you might have exhausted the sum insured underneath one coverage, you could decide to assert the stability quantity from the opposite coverage, however it could require you to supply the licensed copies of the unique payments and the copy of precise disbursement by the primary insurer, to the second insurer. Companies may additionally select to use contribution clause, which implies that the declare could also be paid by every of the insurance policies within the proportion of the respective sum insured.

Additionally, it’s wiser to buy a well being prime up / tremendous prime up coverage, which may are available play in case of the bottom coverage sum insured of the corporate’s insurance coverage cowl is exhausted. Today, such prime up plans are provided by many insurance coverage corporations with wide selection of choices for deductible in addition to sum insured quantity.

I wish to take medical health insurance coverage for my mother and father who’ve retired final yr. Both are 60 plus now, please advocate a medical health insurance coverage that can care for future medical emergencies. Kindly share what won’t be coated within the medical health insurance coverage?

-Name withheld on request

Generally, the medical health insurance plans which might be accessible in market have restriction on entry age for people above 60 years. However, there are insurance policies particularly accessible for senior residents that present protection to people above 60 years. Every coverage has completely different protection and exclusions; It is really helpful that you just assess the protection and exclusions of every insurance coverage supplier to discover a greatest match on your mother and father.

(Subramanyam Brahmajosyula is head – Underwriting & Reinsurance, SBI General Insurance)

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