Sub-limit is a disease wise limitation on the claim amount. The amount of claim for a specific disease will be limited as per terms of the policy. In other words, it places a maximum limit of amount payable for treatment of one type of disease. Sub-limits are generally included for diseases such as hernia, cataract, maternity and other ailments or procedures, depending on the Insurer & their corresponding policy terms.
Sub-Limit
Posted: September 5, 2019
Certain claims will have a limit to the amount of money that is paid by the Insurer