4 min read

Hidden Clauses To Be Aware Of When Taking A Group Health Policy

What are the most common 'gotcha' or hidden clauses to be aware of when taking a group health policy?
While there are many, these are the most common that I have come across
1. Low room-rent limits: I came across a company that was going to take a 10L policy with a 3,000 rupees room rent limit. Since room-rent limits impose an upper cap on the amount a medical bill will pay, going for a higher sum-insured becomes point-less. Ensure you have a high room-rent limit
2. Pre-existing diseases are not covered: The biggest advantage of a group health policy is that pre-existing diseases are covered from day one. By not having pre-existing disease coverage, some sellers will offer you a lower price but make sure you're aware of this clause
3. 1-4 year waiting periods on common diseases: Ensure there are no waiting periods on your policy, otherwise a good percentage of potential claims will not be honored because of this clause.

Originally posted on Linked in

Enjoyed reading it? Spread the word

Request a Callback

No spam, we’ll use this email only for scheduling calls
We heard you!
We have received your request and will reach out to you shortly
Oops! Something went wrong while submitting the form.