Opinion | The dice is loaded against those buying health insurance in India4 min read . Updated: 08 Oct 2018, 07:37 PM IST
We are at risk of paying a hefty health insurance premium for years and then also facing the risk of the insurance firm refusing to pay for an imagined or convoluted reason
Both anecdotes and data seem to suggest that Indian health insurance polices that are bought by us as individuals don’t pay up as much as they should. As we listen to the stories of our friends and family about the run around given by hospitals and medical insurance firms to pay up claims of a hospital bill, we quietly send up a prayer—please let me not be the one whose claim is rejected if I ever need to use my policy. There is increasing distrust in the medical insurance market for privately bought covers. Covers bought by corporations, called group covers, seem to have less problems of claims getting rejected.
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