What happens when you exceed the room rent limit of your health insurance?

If the room rent limit is not sufficient in your health insurance policy, it will cost you more on claims in the form of proportionate deduction..

Room rent limit is a very important factor while choosing your health insurance policy. A lot about this factor has been written widely by a lot of people. So, we are writing down the gist of important things a customer should consider about room rent limit while purchasing a health insurance policy.

Room Rent usually includes the rent, nursing charges and the fees related to the Resident Medical Officer (RMO).

Room Rent limits are imposed in three different ways,

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COVID Insurance – Is it good to have one?

Considering certain facts will prompt us buying it as an additional cover.

COVID Insurance is a low cost niche cover introduced by few insurers specific to corona virus infection. It is a fixed benefit policy, where a lump sum amount is paid if you are diagnosed positive to COVID.

Fixed Benefit: The benefit amount varies from Rs.21,000 to Rs.2,00,000 based on the respective insurers’ plans.

Other Benefits*: Each insurer extends additional benefits unique to each other.  Following are the types of additional benefits:

  • Daily Cash for 10 days. Double for ICU
  • You can choose to add your family members
  • Covers job loss during the quarantine period of 15 days
  • Health assistance and ambulance aid
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Exclusions and Waiting Period in Health Insurance

While buying health insurance policy for the first time, all the insurers exclude coverage of certain diseases for a specified period of time from the date of inception of the policy.

It is imperative for any insurance buyer to know the details of coverage extended by various insurers before buying.

Two of the most important terms of health insurance are Exclusions and Waiting periods.

While buying health insurance policy for the first time, all the insurers exclude coverage of certain diseases for a specified period of time from the date of inception of the policy. Those are called exclusions and the period of exclusion of coverage is called waiting period.

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