Manoj Gehi View On General Insurance &amp Personal Finance.

  Standardization of Health Insurance . Applicable From 1st Oct 20 , all the health insurance / mediclaim policies across the country were to have standardized policy wordings , exclusions & waiting periods. What does it mean for the policy holder & what were the changes being made? Let’s see….. What standardization means? It means to have uniformity in the health insurance policy contract across all providers. All the new conditions will be applicable to new policy holders & for existing policy holders were to come into effect on their immediate renewal. The Changes being bought into …. Key Inclusions Modern Treatment Method covered with certain sub-limits, Some of the indicative modern treatment methods are: 1) i. Uterine Artery Embolization and HIFU 2) ii. Balloon Sinuplasty 3) iii. Deep Brain stimulation 4) iv. Robotic surgeries 5) v. Oral Chemotherapy An indicative list of some listed Conditions which will now be covered in Health Policies- i. Mental Illness