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Many health insurance policies come with a specific limit on hospital room rents. For example , policies of all four public sector companies have a clause that restricts room rents to 1% of the sum insured or Rs 5,000, whichever is lower. This may sound like an innocuous little restriction that will, at worst, shave off a few thousand rupees of your claim for hospitalisation expenses. But it is actually not so. Here is an example that will illustrate the huge impact of this clause. Let’s say you have a mediclaim policy of Rs 3 lakh from a company that has a clause restricting room rents to 1% of the sum insured. |
