Insurance Awareness - Health Insurance
If an insured fails to intimate the insurer about hospitalization within the stipulated time, what is the likely consequence under the health insurance claim settlement process?
If an insured fails to intimate the insurer about hospitalization within the stipulated time, what is the likely consequence under the health insurance claim settlement process?
medium Q15 of Q15
Step-by-Step Solution
Step 1: Understand importance of intimation
Timely intimation is mandatory to allow insurer to verify and process the claim efficiently.Step 2: Consequence of delay
Failure to intimate within the stipulated time may lead to claim rejection or delay as per policy terms and IRDAI guidelines.Final Answer:
Claim may be rejected or delayed → Option CQuick Check:
Insurers require prompt intimation to avoid fraud and process claims smoothly.
Quick Trick: Always intimate insurer within 24-48 hours of hospitalization.
Common Mistakes:
MISTAKES- Assuming late intimation has no effect on claim settlement.
Master "Health Insurance" in Insurance Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Insurance Awareness Quizzes