Health Insurance - In Sickness and In Health - 22/06/2008

Tighter rules are being imposed on health insurance providers who deny insurance pay-outs for critically ill patients as a result of insufficient information being supplied on the initial insurance application.

Under the current law, dating back to 1906, individuals who want to claim on a critical illness or life insurance policy will endure a thorough examination by their insurer into the details of their medical history. If the insurer finds that any part of the history, or elements of the policyholder’s lifestyle which may have affected their claim, was not made clear when they first bought the policy then the claim can be deemed void by the insurance company. This has led to claims being revoked due to innocent mistakes and oversights being made on the part of the policyholder upon application.

The Law Commission plans to implement a new guideline for insurers to follow, in order to provide the policyholder with the protection they believed they were paying for. Insurers will now have to ask for specific medical and lifestyle information, as soon as a person takes out a policy, if they intend to use such information as a basis for denying claims.

Bookmark with:
  print Print Preview   email E-mail to a friend
 
Comments
Not comments have been posted yet.
 
Do you have something to say? (maximum comment length of 250 characters)

Post your comment
 
 
 
Related News
  18/01/2010 - Few children have health cover. A recent study has revealed that more than 6.7 million children do not have...
15/01/2010 - Less than expected business in UK finance sector. Activity in the UK's financial services sector, which also includes health insurance, rose less...
11/01/2010 - Check online for health deals. Health insurance businesses have advised consumers to surf the net so they can get...
 
Related Guides
  Why buy private medical insurance?. Thinking about getting some private medical insurance but don't know where to start? When...
Private Medical Insurance. The good and the bad when looking at Private Medical Insurance Private medical insurance...
Do I need health insurance?. Do I need health insurance? The average wait for an outpatient appointment with...
 
Related Articles
  Health Insurance — A Must Have As We Never Know When Something Could Happen. “Life is not a bed of roses” is a famous saying. It is full...
Health cover for the young and old. An insurance provider has introduced a new health policy that is aimed towards young...
30 is the new 40. Today's average 40-year-old is closer to the age of 30, according to research found...

Health Insurance News
18/01/2010 - Few children have health cover. A recent study has revealed that more than 6.7...
Read More
15/01/2010 - Less than expected business in UK finance sector. Activity in the UK's financial services sector, which also...
Read More
11/01/2010 - Check online for health deals. Health insurance businesses have advised consumers to surf the...
Read More
11/01/2010 - UK consumers 'stubborn' over health insurance providers. According to a new study, Britons are being very...
Read More
More News >>