Skip to main content

Why Travel Insurance Claim gets Rejected

 Buy Best Travel Insurance Online

Travel insurance is, without a doubt, a boon for travellers. When travelling abroad, you are generally unaware of the whats and hows of the medical process.  Your travel insurer comes to your aid during an emergency at such locations. But under certain circumstances, the insurer may reject your travel insurance claim. Here's why:


1. Wrong or inappropriate coverage

If you had purchased travel insurance without any research, you are likely to find your claim rejected. Buying a travel insurance suiting your requirements is very important. You must be aware of what your travel insurance entails and the period you are covered for. Your claim may also be rejected if the emergency occurred after the policy expired.


2. Claiming for exclusions

There is a list of factors not covered by a travel insurance policy. While some of these are permanent exclusions, you may get some included by paying an additional premium. If you are filing a claim for one of these excluded items, your insurance claim may not be approved. You must read the policy document carefully to know the inclusions and exclusions. 


3. Misplacing bills

To claim reimbursement of your travel insurance, the insured has to furnish bills of expenses to the insurer. Failing this, the insurance company can decline your request for reimbursement. You are expected to file bills and receipts of every medical expense incurred during your travel to get the benefit of your insurance.


4. Misrepresenting medical history

Do not give false information of pre-existing medical conditions when buying and claiming your travel insurance. If during the scrutiny your medical history is discovered, which was not declared while buying the insurance, your claim could be rejected.


5. Indulging in adventure sports or alcohol and drugs

Holidays mean fun and adventure. If an accident occurs due to adventure sports, in all likelihood, your claim would be rejected. Activities which are a risk to life are, generally, not covered by your travel insurance. It is wise to check your policy or speak to customer support beforehand if you plan to indulge during your holiday. If you were under the influence of alcohol or drugs at the time of the accident, do not expect to be covered by your travel insurance.


6. Not reporting on time

In times of emergency, it is crucial for you to get it reported immediately. In thecase of an accident, visit the hospital or in case of theft, file a complaint at the police station. A written report – medical or police complaint –is one of the documents you need to submit while filing a claim. If you report after the allowed 24-hour window, your request may not be approved.


7. Not visiting pre-approved clinics

There is a list of hospitals and clinics that are pre-approved by the insurance company. At some of these, you can even avail the cashless facility. It is advisable to check this list in your policy kit or contact your insurer when using your insurance. If you visit a non-listed clinic/hospital, your insurance claim may be rejected.









------------------------------------------
Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact Prajna Capital on 94 8300 8300

--------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Call us on 94 8300 8300

---------------------------------------------

 

Popular posts from this blog

Birla SunLife Manufacturing Equity Fund

The Make in India program was launched by Prime Minister Naredra Modi in September 2014 as part of a wider set of nation-building initiatives. It was devised to transform India into a global design and manufacturing hub. The primary motive of the campaign is to encourage multinational as well domestic companies to manufacture their products in India. This would create more job opportunities, bring high-quality standards and attract capital along with technological investment to bring more foreign direct investment (FDI) in the country.   Why India as the next manufacturing destination?   The rising demand in India along with the multinational's desire to diversify their production to include low-cost plants in countries other than China, can help India's manufacturing sector to grow and create millions of jobs. In the words of our Honourable Prime Minister- Mr. Narendra Modi, India offers the 3 'Ds' for business to thrive— democracy,...

Kisan Vikas Patra - KVP

  Kisan Vikas Patra (KVP) First launched in 1988, the Kisan Vikas Patra (KVP) is one of the premier and popular saving scheme offering from the Indian Postal Department. This product has had a very chequered history- initially successful, deemed a product that could be misused and thus terminated in 2011, followed by a triumphant return to prominence and popular consumption in 2014. The salient features of KVP are as follows- The grand USP- Money invested by the applicant doubles in 100 months (8 years, 4 months). KVPs are available in the following denominations- Rs.1000, Rs.5000, Rs.10,000 and Rs.50,000. The minimum purchase value for the KVP is Rs.1000. There is no maximum limit. KVPs are available at all departmental post offices across India. These certificates can be prematurely encashed after 2 ½ years from the point of issue. KVPs can be transferred from one individual to another and from one post office to another. ----------------------------------------------------- Inve...

Mutual Fund Review: Reliance Regular Savings Equity

    Despite high churn, Reliance Regular Savings Equity has managed to fetch good returns   In its short history, this one has made its mark. Though its annual and trailing returns are amazing, the fund started off on a lousy note (last two quarters of 2005). It managed to impress in 2006 and was turning out to be pretty average in 2007, till Omprakash Kuckian took over in November 2007 and wasted no time in changing the complexion of the portfolio. Exposure to Construction shot up to 28 per cent with almost 21 per cent cornered by Pratibha Industries and Madhucon Projects . Exposure to Engineering was yanked up (18.50%) while Financial Services lost its prime slot (dropped to 6.69%) and Auto was dumped. That quarter (December 2007), he delivered 54.66 per cent (category average: 25.70%).   When the market collapsed in 2008, thankfully the fund did not plummet abysmally. But even its high cash allocations could not cushion the fall which hovered around the category average. ...

Mutual Fund Review: HDFC Index Sensex Plus

  In terms of size, HDFC Index Sensex Plus may be one of the smallest offerings from the HDFC stable. But that has not dampened its show, which has beaten the Sensex by a mile in overall returns   HDFC Index Sensex Plus is a passively managed diversified equity scheme with Sensex as its benchmark index. The fund also invests a small proportion of its equity portfolio in non-Sensex scrips. The scheme cannot boast of an impressive size and is one of the smallest in the HDFC basket with assets under management (AUM) of less than 60 crore. PERFORMANCE: Being passively managed and portfolio aligned to that of the benchmark, the performance of the index fund is expected to follow that of the benchmark and in this respect, it has not disappointed investors. Since its launch in July 2002, the fund has outperformed Sensex in overall returns by good margins.    While every 1,000 invested in HDFC Index Sensex Plus in July 2002 is worth 6,130 now, a similar amount invested in Sensex then wo...

How to generate a UAN Online

Best SIP Funds Online   In order to make Employees' Provident Fund (EPF) accounts portable, the Employees' Provident Fund Organisation (EPFO) had launched the facility of Universal Account Number (UAN ) in 2014. Having a UAN is now mandatory if you have an EPF account and are contributing to it. So far, you got this number from your employer and every time you changed jobs, you had to furnish this number to the new employer.  However, in order to make it easier for you to get a UAN , and without your employer's intervention, the EPFO now allows you to go online and generate a UAN on your own. This facility can be used by freshers, or new employees, who are joining the workforce as well as by employees who have older EPF accounts but do not have a UAN as yet. As a new employee, you can simply generate a UAN and provide the number to your employer at the time of joining, when you need to fill up forms for your EPF contribution. As per a circula...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now