A Daycare Procedure in a Group Medical Insurance Policy is defined as any medical treatment, and/or surgical procedure which is undertaken under General or Local Anesthesia in a hospitalin less than 24 hrs because of technological advancement, and which would have otherwise required hospitalization of more than 24 hours. Treatment normally taken on an out-patient basis is not included in the scope of Daycare Procedure.
Group Health Insurance Policy
Latest information about health insurance for employees
How to Cancel a Group Health Insurance Policy and What is the Premium Refund Process?
A Group Health Insurance Policy can be cancelled by the Insured or the Insurance Company by giving an advance written notice. The reason to cancel a Group Health Insurance Policy can be multifold.
Vidal Health Insurance TPA: Benefits, Claim Process and Hospital List
Vidal Health Insurance TPA is one of the leading Third-Party Administrators with tie-ups with 12,000+ Network Hospitals and partnerships with top health insurance companies in India.
ICICI Lombard Group Health Insurance Policy – Detailed Review
ICICI Lombard Group Health Insurance Policy is a comprehensive Group Mediclaim Insurance Plan offering features such as No Room Rent Capping, No Sublimits, Coverage for Pre and Post Hospitalisation Expenses and Maternity Benefits
Medi Assist TPA: Benefits, Claim Process and Hospital List
Medi Assist TPA is one of India’s leading IRDA-approved Third-Party Administrators with a network of more than 15,000 network hospitals and tie-ups with 30+ Group Health Insurers in India. They were also awarded India’s best Third-Party Administrator by Asia’s Insurance Awards in 2020.
New India Assurance Group Health Insurance Policy
New India Assurance Group Health Insurance Policy is a comprehensive Group Medical Insurance Policy offering features such as No Room Rent Capping, No Sublimits, Coverage for Pre and Post Hospitalisation Expenses and Maternity Benefits.
Paramount TPA: Benefits, Claim Process and Hospital List
Paramount Health Insurance TPA is a leading TPA in India with a network of 20000+ hospitals and tie-ups with 29 Health Insurance Companies. Paramount TPA received its license from IRDA in 2002.
SBI General Group Health Insurance Policy – Detailed Review
SBI General Group Health Insurance Policy is a comprehensive Group Health Insurance Plan offering features such as No Room Rent Capping, Maternity Benefits, Coverage for Pre and Post Hospitalisation Expenses, Domiciliairy Hospitalisation and No Sublimits
What is the Claim Process in a Group Health Insurance Policy?
Claim Settlement under a Group Health Insurance Policy can be availed in 2 ways: Cashless Claim Settlement and Reimbursement Claim Settlement.
In a Cashless Claim Settlement Process, the Employee just needs to give the Mediclaim Card to the hospital at the time of hospitalisation, and the entire medical expense will be settled directly between the Insurance Company and the Hospital.
In a Reimbursement Claims Settlement Process, the Employee will have to pay for the hospitalisation expenses out of his own pocket and then raise a claim for reimbursement separately with the Insurance Company by submitting the requisite documents
TPA Full Form In Insurance : What is Third Party Administrator (TPA) in Group Health Insurance Policy?
What is the Full Form of TPA? The full form of TPA is Third Party Administrator. A TPA is an IRDA registered and licensed intermediary which acts as a mediator between the health Insurance company & the insured. The primary role of a TPA is to process health insurance claims, provide health insurance E-cards, and […]