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With zero-depreciation cover, you will get maximum reimbursement during the time of claim.
It is important to note that an individual needs to start the reimbursement process within seven days of the patient's discharge.
An increase in the cost of non-covid claims could have an impact on the loss ratio which in turn could increase the health insurance premium rates
Incurred Claim Ratio (ICR) is the total value of every claim divided by the total premium collected by the insurer during a particular time period
For Covid recovered patients there will be some waiting period and medical checks before offering insurance, depending on the severity of the case.
The pandemic has acted as a catalyst, for increased awareness and importance of insurance
Shreeraj Deshpande, COO, Future Generali: The hospitalisation cost of non-covid claims has increased which can lead to an increase in premium rates.
One of the largest gated community applications has introduced insurance cover for the domestic helps at a nominal cost
The government is looking at ways to align the proposed share sale with necessary rules to make room for the foreign investors
The PMJJBY provides a life cover of Rs 2 lakh for a premium of less than Rs 1 per day, PMSBY covers accidental risks