Users' questions 

Do we need to submit original documents for insurance claim?

Leia Doyle

Do we need to submit original documents for insurance claim?

You need the following documents to raise a health insurance claim: Filled Claim Form: The very first document should be submitted is the claim form that should be filled by the policyholder. Discharge Card: The patients need to submit the discharge card to the insurance company along with the claim.

Is soft copy of life insurance valid?

Do note that having a soft copy of the policy in email is different from keeping a policy in demat format. In a life insurance contract, it is mandatory to submit the hard copy of the policy at the time of making a claim. Only if the policy is in the demat form will the requirement of a hard copy be waived.

Why is family history is important in medical underwriting?

The reason why insurance providers want to know about the medical history of your family is that the different types of health conditions like coronary heart problems, cholesterol, and diabetes are hereditary.

How do I cancel my insurance policy within 15 days?

Cancel a life insurance policy within 15 days from the date of receipt of the policy document….After you buy the policy:

  1. Once the proposal is submitted, you should hear from the insurance company in 15 days.
  2. If not, take up the matter in writing.
  3. If any additional documents are asked for, comply immediately.

What are the documents required for medical reimbursement?

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….List of Documents Required for Health Insurance Purchase & Claims

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

How do you do medical underwriting?

What exactly is underwriting?

  1. Step 1: Application Quality Check. Your application is first gone through to make sure the information provided is complete and correct.
  2. Step2: Medical Examination.
  3. Step 3: Final Application Rating.

What is the underwriting process for health insurance?

Medical underwriting refers to the process by which a life or health insurer uses an applicant’s medical history to decide whether they can offer them a policy and whether the policy will include pre-existing condition exclusions and/or a premium that’s higher than the standard rate.

What is the procedure for medical reimbursement?

Documentation:

  1. Duly filled claim form.
  2. Medical Certificate/ Form which is signed by the treating doctor.
  3. Discharge summary or card (original), availed from the hospital.
  4. All bills and receipts (original)
  5. Prescription and cash memos from pharmacies/ the hospital.
  6. Investigation report.

What is Section 41 of insurance Act?

(1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to 1[take out or renew or continue] an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown …

How long does underwriting take for health insurance?

approximately four to six weeks
The underwriting process takes approximately four to six weeks, though delays in ordering records or scheduling exams can extend that timeline. No-exam life insurance may offer approval in as little as one to two days, but can take up to two weeks with some insurance companies.