Tweet

Chittukuruvi

28 Nov, 12 tweets, 4 min read

#insurance #healthinsurance One of the questions that came up in response to my note on Insurance was, "but the big issue with health insurance is the long list of ailment exclusions that most of them have". Let me try and answer this question.

Health Insurance policies in India are diseases and / or treatment agnostic, except in specific cases. The primary intention of this Insurance is to cover expenses incurred during hospitalization for a treatment regardless of the underlying disease / medical condition.

There are 3 #WaitingPeriods in Health Insurance. a. First 30 days after taking a fresh policy (not applicable for renewals done within time); b. 1 to 2 years waiting period applicable for specific medical conditions - regardless of whether it was pre-existing or not. and...

c. Waiting period ranging from 2 to 4 years - depending upon companies - applicable for pre-existing diseases or medical conditions. In 2019, IRDAI for some reason, brought in an added clause that expanded and re-defined pre-existing illness as:

"A condition for which any symptoms and or signs if presented and have resulted within three months of the issuance of the policy in a diagnostic illness or medical condition." - Now this clause, which was unwarranted in the first place, has been removed.

One point: If Sum Insured is enhanced upon renewal, these for the sum insured that is added, the waiting periods will be applied.

economictimes.indiatimes.com/wealth/insure/…

Pre-existing diseases are those medical conditions for which medical treatment or consultation was sought within 2 to 4 years (depending on Insurers) prior to the inception of the Health Insurance policy.

As regards specific medical conditions, about 18 to 25 specific medical conditions (again depending on Insurers) is excluded for 1 to 2 years.

I do hope I have thrown some light on this critical aspect of #MedicalInsurance / #healthinsurance that need to be kept in mind when taking this policy.

@SureshGNayar

@SureshGNayar - Hope this helps. If you have question in regard to any specific insurer, please let me know.

The purpose of my tweets on #healthinsurance is to spread broad awareness on this subject.

• • •

Missing some Tweet in this thread? You can try to force a refresh

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @chittukuruvi4

Chittukuruvi

@chittukuruvi4

30 Nov

A conversation between 2 twins while they are in the womb of their mother. Pretty profound. Got it in a mail. #MOTHER #motherhood #conversation #mondaythoughts #MondayMotivation
============================

In a mother’s womb were two babies..._

One asked the other: “Do you believe in life after delivery?”

The other replied, “Why, of course. There has to be something after delivery. Maybe we are here to prepare ourselves for what we will be later.”

“Nonsense,” said the first. “There is no life after delivery. What kind of life would that be?” The second said, “I don’t know, but there will be more light than here.

Read 10 tweets

Chittukuruvi

@chittukuruvi4

28 Nov

#humor Thread An infographic!!!

Read 7 tweets

Chittukuruvi

@chittukuruvi4

25 Nov

Thread on #insurance. Those who think Insurance is a scam, a scheme for milking money and et al. No am not saying that those who think this way are wrong but let me clear few misconceptions and myths on Insurance. Am part of this industry for a long time.

Health Insurance: If one doesn't have insurance, can he set aside a regular every month to provide for that rainy day, when money will be required to pay for health care. People in the very high income brackets, but people from lower income to upper middle income class, can they?

As an individual may be one can, but can you provide for a family of 4 to 6 including parents? And will that money that you set aside in a bank - does it not have opportunity cost?

Read 15 tweets

Chittukuruvi

@chittukuruvi4

24 Nov

#humour
The story below will tell you what the real stress is:

A beautiful girl asks you for a ride home. On the way she fainted and you take her to hospital.

The doctor tells you, "Congratulations!. You are going to become a father "

THAT'S IT. YOU GET STRESSED.

You say: "But that baby is not mine."

But the girl says : "He is the father of my baby."

YOU GET MORE STRESSED.

And to prove your innocence, you demand a DNA test.

The police arrive, and a DNA test is done. And you are sweating profusely.

The report comes in and according to which you are infertile and can never become a father.

You become relaxed, right? Wrong!!!

WHAT? YOU GET EVEN MORE STRESSED!.

Read 4 tweets

Chittukuruvi

@chittukuruvi4

24 Nov

Not many people know Lachit Borphukan, a great Ahom warrior who defeated Aurangazeb. Do you NDA awards Lachit Borphukan Gold Medal to the best cadet passing out of the Academy? November 24th is celebrated as #MahaveerLachitDiwas on the birth anniversary of this heroic son.

The Battle of Saraighat 1671 was known to be fought on the banks of Brahmaputra in Guwahati. Lachit Borphukan, recognised for an proficient strategist, was selected by the King of Ahom to be the commander-in-chief of the Army.

Led by the braveheart, the Ahom Atmu used tactics of guerilla warfare and wise terrain choices to come out victorious in the battle against the Mughals. When Lachit Borphukan got grievously injured, the Ahoms started withdrawing. It was then that their general Lachit said,

Read 5 tweets

Chittukuruvi

@chittukuruvi4

23 Nov

This is being shared with permission from a friend of mine!! For those who love play of words, cross words and like.
===============

The little boy looked at me with a haunted expression and said, *I see anagrams*.
My face turned pale. You mean, like word jumbles, I asked.

Yes, he said. He pointed to a sign and asked me what I saw. STOP I said.
He said, I see POTS. Sometimes, POST, or OPTS or TOPS.
God, I said, did you tell anyone?
Nobody will believe me, he said. I saw you solving a crossword, and thought you would understand.

Read that, I said, pointing at MEDICAL STORES.
DECIMAL TOSSER, he said.
And that, I said, pointing to a DICTIONARY.
INDICATORY, he said.
I gasped.
He pointed to a garbage man and said bag manager. He saw a poster of Britney Spears and said Presbyterians.

Read 8 tweets

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!