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All about the concept of room rent limit in Health Insurance

What is room rent limit in health insurance? How does it affect your health insurance? Learn all about the concept of room rent limit in health insurance.Recommended Read: The Truth About The Room Rent Limit in Your Health Insurance. Read more here. https://www.coverfox.com/health-insurance/articles/room-rent-limit-in-health-insurance/<br>

EktaKariya
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All about the concept of room rent limit in Health Insurance

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  1. All about Concept of Room Rent in Health Insurance

  2. What is Room Rent? • Room Rent Limit is an amount charged by the hospital for occupying the hospital bed on a per day (24 hours) basis and includes all the associated medical expenses. • In simple terms, it is the maximum per day room charges that your insurer is liable to pay.

  3. The room rent limit may come with a specific cap which can be restricted irrespective of your sum insured. • Generally, room rent is capped as 1% of the sum assured and can also be a fixed amount offered by your insurer.

  4. How Room Rent has an Impact on Hospital Charges?

  5. Hospital charges are directly linked to your room rent. • Doctor’s fees, operational charges, nursing expenses and medical costs would be too high in a private room as compared to an AC room.

  6. How Room Rent has an impact on Insurance claim? The charges of your insurance claim are linked to your room rent.

  7. What Happens if you exceed the Room Rent Limit? You Pay the excess amount Room Rent Limit: Rs. 4000/- Insurer Pays up to the limit • Even if you have a high sum assured and have exceeded the room rent limit, then you will have to bear the additional costs.

  8. Policies With No Room Rent • A few health insurance plans in India have no room rent limit. • These policies are available at much higher premium, but ensure peace of mind and a plethora of benefits

  9. Plans in India That Have No Limit on Room Rent • HDFC Ergo MedisureClassic • Apollo Munich Optima Restore TATA AIG MediPrime

  10. Factors that affect your Room Rent Type of HospitalRoom Inflation Costs

  11. Conclusion • Insurance companies’ cover the medical bills only in the proportion of the rent sub-limit and rest of the expenses need to be borne by the insurer. • Ideally, you should buy a health insurance plan with high sub-limit or one without it as it ensures that you are insured with an enough coverage for medical expenses. • If you purchase a plan with sub-limit then make sure you go through the policy wordings carefully. • Recommended Read: The Truth About Room Rent Limit in Health Insurance

  12. Search. Compare. Buy

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