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policy coverage after a claim is filed ?

April 26, 2017claim coverage filed policy

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policy coverage after a claim is filed ?

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After a claim is filed and settled, the policy coverage is reduced by the amount that has been paid out on settlement. For Example: In January you start a policy with a coverage of Rs 5 Lakh for the year. In April, you make a claim of Rs 2 lakh. The coverage available to you for the May to December will be the balance of Rs.3 lakh. Aas mentioned above the coverage under critical illness may cease to exist once the claim is made though the coverage under the mediclaim may continue.