WHAT HAPPENS TO HEALTH INSURANCE AFTER THE DEATH OF A POLICYHOLDER

The future is very unpredictable and can sometimes cause a family to lose their loved ones to an unfortunate accident or circumstances. But what happens to their health insurance when the policyholder's death has happened? Many times, people are confused and forget to check with their family insurance provider for any death benefits or if they still have the benefits active for themselves. Here we are going to look at what happens to health insurance policy when the policyholder dies and are the benefits still active for the rest of the members in the insurance coverage.

Effects On The Health Insurance Policy When You Die

Whenever a family suffers from any unforeseen and unfortunate accident or circumstance that results in policyholder death, they are entitled to getting death benefits from their insurance provider. The death benefits may vary with the type of insurance policy one has for themselves and their family members. Family members need to contact their insurance provider for details regarding the death benefits and if their policy is active for themselves even after the policyholder's death. 

How To Check The Policy Document For Death Benefits?

One needs to carefully read all the terms and conditions in their policy document when buying their health insurance as to whether it contains a death benefit clause in it, that is if there is a case of the policyholder's death what death benefits his family members are entitled to and if they will continue to receive complete coverage of health insurance.

Types Of Health Insurance Policies And How Death Affects Them

The following are the various types of health insurance policies and examples of their death benefits:

Individual Health Insurance

Individual health insurance policy is mainly valid for a single person only as the name suggests. If one were to suffer from death, then their registered nominee or next of kin would be entitled to get the death benefits from the insurance provider. One might need to submit a death certificate or certificate of succession to claim the benefits in case of individual policyholder death.

Group Health Insurance

Group health insurance is mainly provided by the employer to a group of people who are their employees. This type of insurance does not provide any continued benefit to the employee's family in case of their death but may give them the death benefits if there is a clause for it in the group health insurance that the employer has gotten them.

Critical Health Insurance

Critical health insurance has a waiting period for the policyholder or their family member to get death benefits or any other benefits as it is only availed after the policyholder has completed the required wait time for them to avail of the benefits. If the policyholder fails to do so, the insurance provider may not approve their claim request for death benefits. This type of insurance is mainly provided to people who have serious illnesses or diseases that can cause certain death in the future.

Family Floater Health Insurance

It is one of the best insurance plans one can avail for themselves and their family members as it can protect them and their loved ones from any financial damage in case of any unfortunate accident and after the death of the policyholder. The family members can avail of their death benefits under the family floater plan even in case of policyholder death and still can also continue to avail of other benefits.

Senior Citizen Health Insurance

Senior citizen health insurance is very similar to individual health insurance except that the family members of the insured cannot avail any benefits whether it be death or other protection after the demise of the policyholder.

Conclusion

One can never predict what will happen in the future or how it will affect them and their family members. Many times, the policyholder and their family members aren’t aware of the death benefits they might be entitled to after a sudden loss in the family. But one can avoid this by making sure that their health insurance policy has a death benefits clause that can help their family member claim any losses that they might have suffered due to the policyholder's death. Now, one can also easily avail of a health insurance policy in just a few steps from Quickinsure by visiting the official website and comparing various available plans and choosing the one that meets their requirements.

FAQs - Frequently Asked Questions

Q1. Why is the family floater health insurance plan mostly preferred by many people?

The family floater plan is one of the most preferred plans as it provides various benefits even after policyholder death to their family members and ensures their continued safety as well.

Q2. Is it mandatory to have a death certificate to claim death benefits?

Yes, if one is trying to get a death benefits claim the insurance provider requires proof of death in case a death certificate from the family member or the registered nominee.

Q3. Does all health insurance have death benefits?

It varies as per the market policy and the insurance provider that one has gotten their health insurance policy. But one should always make sure to read all the policy documents before getting their insurance and check to make sure that it has a death benefits clause if the health insurance policyholder dies.

Q4. Where can one get health insurance?

One can easily get their health insurance policy in just a few steps from Quickinsure by visiting the official website- https://quickinsure.co.in/  to compare various available plans and get the one that meets their requirements.

go to top img

Insurance Companies