Health Insurance offers an umbrella against unforeseen medical expenses when an illness strikes, incapacitating the individual and affecting his income. If taken well in advance, it can meet the medical treatment costs and spare financial trouble for the family. However, to claim the benefits, the beneficiary must file a medical insurance claim that is the formal intimation of the illness to the insurer. Once a claim is filed, the insurer must notify the beneficiary within a certain time-frame that his/her claim has been accepted or rejected.
Though there are some health insurance companies which settles down insurance claims within 30 days from...