10 lakh cowl at a premium of simply ₹6,000 a yr. That’s the supply in entrance of you. Which is means higher than the market value and resulting from pleasure, you simply purchase it.
🔸 After which, at some point, your worst fears come true. A slipped disk forces you into the operation theatre. You require in depth therapy. The ultimate invoice is hefty. ₹6,00,00 — inclusive of all prices. However regardless of your 10 lakh cowl the insurer tells you they’ll solely cowl ₹2,00,000. You’re outraged and also you press for a clarification.
Finally, they let you know your coverage has illness sensible sub-limits. That means, they’ve a cap on the whole protection quantity particularly mandated for sure illnesses.
🔸 As an illustration, cardiovascular illnesses — They solely pay ₹2,50,000
For knee replacements —₹2,75,000
For different main operations just like the one you simply had — ₹2,00,000
And at last, you notice how the corporate might give you a ₹10 Lakh cowl at such a low premium. They most likely by no means find yourself paying the total cowl quantity normally.
➡️Don’t fall prey to this devious observe. Ensure you all the time know there aren’t any illness sensible sublimits. Since you don’t know what’s going to hit you. It’s alwaprudent to select a coverage that has no such stipulations.
Supply: Ditto
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#healthinsurance #insurance coverage #insuranceagent #therapy #hospital #financialeducation
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