/EINPresswire.com/ The latest introduction by health insurance company can help customers get insurance without going through much hassles. It is a kind of instant policy that is believed to save time and efforts on behalf of customers.
Indian insurance companies are all set to provide their potential buyers an instant health insurance India plan especially if they are under 60 years of age. According to recent reports, the plan will be available without the buyer undergoing a series of diagnostic tests.
Health insurers are trying their best to work out policies. Spokesperson of a popular health insurance company has revealed that through these policies, the insurance application will be approved instantly sans medical tests. All one needs to do is submit a declaration stating physical fitness and make requisite payment.
The present scenario of insurance industry is different. Reports have stated that these days, it is mandatory for customers seeking health insurance plan to go through a number of diagnostic tests. The insurance company will determine eligibility based on the tests. The entire process will take over ten days. No insurance company will process the application before this time period especially when buy health insurance online.
Recently, some of the insurance companies have started off with the process of providing instant approval. The system has a set of restrictions though! The private insurance companies have revolutionized the present insurance system. It is believed that the trend will be soon followed by government owned insurance companies.
According to the spokesperson of a privately owned insurance company, customers have the liberty to select a plan as per their specific needs. The details of health insurance policy will be sent instantly (within 30 minutes).
Industry people are working on this process. “Their main motive is to allow potential customers to go through minimum hassles. Individuals suffering from a chronic problem and hide it while preparing a ‘clean health’ affidavit will not benefit at all. In the event where the illness surfaces during a claim, the insurance company has full authority to nullify such claims,” spokesman to a popular health insurance online company.
According to some research and reports, it has been concluded that the health insurance market in India will grow five times by the year 2015! It is estimated that the insurance will cover 10 per cent of the population across the nation. The statistics is based on a report released by consulting firm Nathan India.
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