Documents Required To Get A Health Insurance Policy
Published On Apr 28, 2022
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Amongst the high market inflation, medical and hospital costs have rapidly increased and falling sick might cost you a little too much in the recent times as life in a metropolitan city. To save yourself the burden of immediate fund arrangements during the time of an emergency, you should consider buying a health insurance policy covering you and your family members.
While health insurance comes in different sizes and features, here are some popular plans:
- Individual Health Insurance Plan - covers you, your spouse, children and parents.
- Family Floater Health Insurance Plan - covers a bigger family under a lower premium.
- Senior Citizen Health Insurance Plan - covers old parents or grandparents above age 60.
- Group Health Insurance Plan - covers a group of coworkers as a whole.
Steps To Buy A Health Insurance Plan
Let’s assume that you have selected the health insurance plan which fits your needs. The next step would be buying it. Here are the steps to buy a health insurance plan.
- The first and foremost step toward buying a plan should be reading the terms and conditions statement of the particular policy and getting your doubts cleared by the insurer about all the exclusions and inclusions in your chosen plan.
- Now that you have completely understood the policy wordings, you have to go through the documentation process. When technology has advanced so much, it has become very fast and easy to process documentation through online services.
- After successful documentation, you would be asked to make the payment through debit card, credit card, net banking or so.
- After this, you wait for the insurer’s decision to grant you the insurance. Here your bank statements and the civil score would be tallied by the insurer’s end to gauge your ability to comply with their risk coverage. Once approved, you would be provided with the policy agreement documents within 7-10 business days of your application.
What Are The Documents Required?
There are a lot of documents required for both buying and claiming the benefits of a health insurance policy. The following is the list of documents:
Before Buying A Health Insurance -
- Proof of Identity which any one of the government-issued identity statements like Aadhaar card, Voter ID, passport, PAN card, and driving license.
- Proof of Age would be an important document required which can be satisfied by producing your birth certificate, 10th or 12th admit card or Aadhaar card (if D.O.B. is mentioned on it).
- Proof of Address is fulfilled by showing any one of the following - electricity bill, telephone bill, Aadhaar card and ration card.
- Passport-sized photographs taken within the recent 3 months would be required.
- Some insurers might ask for a medical background checkup and require you to show any business-related document if you have one. It depends from company to company.
For Making A Claim -
- Original claim form which is filled up along with signature
- Valid identity proofs in the original form
- The doctor’s prescription mentioning the treatment at a hospital
- Doctor’s prescription about the diagnostic tests, medical consultations and requirements
- Ambulance receipt
- All the original pharmacy bills
- Policy details that include the policy number, name of the insured person, permanent address, and the disease for which the policy is being claimed
- If you have opted for cashless health insurance, all of the required documents would be sent by the network hospital to your insurer already. But in the case of reimbursement, you would need to produce the following documents along with the claim form filled up and signed by you:
- The doctor’s written consultations supported by receipts
- Hospital’s discharge statement
- Hospital bills have to be signed and stamped by the hospital authorities
- All the test results acquired during the course of the treatment
- Medical or pharmaceutical bills
- Other documents that might be relevant to the treatment
It is very important to store all of the important medical documents for proper reimbursement or getting the benefits of a health insurance policy to the best. It is recommended that you keep all the listed documents nearby for easy and fast documentation while going through the buying procedure. Choosing the right health insurance and making the best out of it is not enough if you accidentally misplace any of the important documents. It is advisable to keep a copy of all the documents submitted at the time of buying the policy and while registering for a claim under the same.