Understanding sub-limits of your health policy is an important thing because not only it helps you to compare between plans to make effective buying health insurance plans decisions but it also helps you to enjoy full benefits our policy because sum-limits actually decides the the percentage of claim that would be settled by your insurer.
Let’s first try and understand what does a sub-limit mean?
Sum-limits mean the extent to which your insurance provider will pay you for certain specific medical expenses when you make a claim. Say for example your existing policy has a sub-limit on doctor’s fee to the extent of 2% of your sum assured for a total policy value is Rs.2 lakhs so technically whatever may be your doctor’s fee you will be always paid to a maximum of Rs.4,000 for it while you make a claim. You should also be very cautious in case of certain expenses like room rent where the sub-limit can become the deciding factor for what would be paid for other specific expenses.
Common sub-limits which are always there are:
So sum-limits in your health insurance policy are like make or break factor your policy. You should always look at plans without sub-limits so that you enjoy maximum freedom while making a claim. While comparing plans online you should always keep a look on the percentages of these sub-limits. Even if your favourite plan also has certain sub-limits then you always should check on specific sub-limits on certain specific expenses which are necessarily important as your health requirement