CoverSure

🚨Paid premiums for years, only to have your claim denied? It’s more common than you think. Before 2020, insurers could cancel your policy or reject your claim even after years of payments. Frustrating, right? But 2020 changed the game - The IRDAI (Insurance Regulatory and Development Authority of India) introduced the Moratorium Period. Meaning, after 5 years of continuous coverage, insurers can’t deny your claim due to non-disclosure or misrepresentation, unless it’s fraud. 👉Why does this matter to you? The moratorium period protects honest policyholders, prevents fraud, and fosters trust between insurers and policyholders. Note: If a claim is denied after 5 years, the burden of proof is on the insurer to prove you intentionally lied. As long as you’re honest, you’re covered! At CoverSure, we want to help you #knowyourpolicy and make the most of your coverage. Our experts are here to help you understand the benefits of your insurance to help you #claimwithconfidence. Speak to our advisors to understand your insurance better- https://lnkd.in/dwBxsSFR

🤔 Life Insurance Done? But are you sure that your family will get their due? Life insurance is just the start - but what happens to your wealth, your family, and your peace of mind in your absence depends on a few critical choices you make now. The difference between nominees, legal heirs, and wills is more than just paperwork - it’s the key to avoiding chaos later. 👉 Swipe to find out how these pieces fit together to safeguard your family’s future. 🚀 Stay ahead of the curve - follow CoverSure for more such insights!

Your trust is our greatest asset, and we take it seriously. At CoverSure, we’ve always believed that your privacy is EVERYTHING. 🛡️ Our expert compliance team has worked relentlessly to ensure your data is secured to the highest industry standards, because your peace of mind is what matters most to us. We’re proud to announce that we’ve achieved certification in top-tier security and compliance standards! 🎉 This means your sensitive information is now more secure than ever—protected with cutting-edge measures for your complete safety. 🚀 #CoverSure #DataProtection #ISOCertification

🔴 Do not miss this one critical step in your health insurance! While we are well aware of the role of a nominee in life insurance, very less is known about the role of the nominee in health insurance. Whether you have already bought health insurance or are about to buy one, it is important to ensure you name a nominee to ensure complete financial protection for you and your family. ▪️ Scenario 1: No nominee, no reimbursement Imagine a family member admits the policyholder to a non-network hospital for a major treatment worth ₹10 lakh. During the course of treatment, unfortunately, the policyholder passes away. Since there was no nominee designated in the health insurance policy, the family faces a major financial burden. They have to pay the ₹10 lakh bill out-of-pocket. Without a nominee, the insurance company has no designated person to process or settle the claims directly, causing delays, confusion, and potentially leaving the family with significant out-of-pocket expenses. ▪️ Scenario 2: Nominee in place and is aware of the health insurance In this scenario, if the nominee is well aware of the health insurance policy, there are two things that could happen: Option 1: The family takes the policyholder to a network hospital Since the family knows about the network hospitals covered under the insurance plan, they proactively take the policyholder to one of these hospitals. The treatment goes smoothly, and the insurance company directly settles the claim. The family doesn't have to worry about making large upfront payments or reimbursement delays. Option 2: The family chooses a non-network hospital, but the claim is reimbursed Even if the family opts for a non-network hospital, they can pay the ₹10 lakh out of pocket, knowing that once the policyholder’s passing is reported, the nominee can file the claim. The insurance company processes the reimbursement, ensuring the family doesn’t bear the full financial burden. At CoverSure, we believe that financial protection should not be limited by hospital networks or administrative complexities. Our 'policy share' features enables you to quickly share your insurance portfolio with family so they are well aware of the insurance you hold. #CoverWithCare #ClaimWithConfidence

Excited to be a part of the BFSI Mixer “Bits n Atoms” Meetup this Saturday night in Mumbai, hosted by The Product Folks! I’ll be exchanging notes on #InsurTech and diving into meaningful conversations. I'm looking forward to connecting with fellow innovators to brainstorm ideas and innovations. If you’re attending, let’s catch up! | CoverSure

What if your insurance could pay you while you recover? Recovery isn’t just about paying medical bills - it comes with hidden costs like lost income, follow-up care, and daily expenses that can weigh you down. 👉 Swipe to uncover how how recovery benefit can make your recovery smoother and worry-free! 💪

₹5 lakh health insurance? Sounds great, until your bill is ₹10 lakh. What’s your plan then? Top-up and super top-up plans are cost-effective ways to boost your health coverage without spending a lot. They are designed to cover larger, less frequent medical bills that exceed something called deductible. A deductible is the amount you or your base insurance must pay before the top-up or super top-up plan starts covering expenses. ▪️ Difference between Top-Up Plan and Super Top-Up Plan Let’s say you have a base plan of Rs. 5 lakh Top up & super top up plan: Rs. 10 lakh Deductible: Rs. 5 lakh 1️⃣ Top-Up Plan: Deductible applies per claim. Example: 1st Bill (₹4 lakh): Covered by base insurance. 2nd Bill (₹6 lakh): Base insurance covers ₹1 lakh, You pay ₹5 lakh to meet the deductible 2️⃣ Super Top-Up Plan: Deductible applies to total claims in the year. Example: 1st Bill (₹5 lakh): Covered by base insurance. 2nd Bill (₹6 lakh): Total claims exceed ₹5 lakh, so Super Top-Up covers ₹6 lakh full These examples show that a Top-Up Plan only covers bills above the deductible, so you may still pay for smaller bills. A Super Top-Up Plan covers all costs once total bills exceed the deductible, offering complete coverage for multiple claims. 🤔 What to choose? If you're generally healthy and don’t anticipate frequent hospital visits, a Top-up plan can be a budget-friendly choice. However, if you’re at higher risk for chronic conditions or multiple hospitalizations, a Super Top-up offers greater flexibility and peace of mind. With rising medical costs, a Super Top-Up is especially valuable for covering both small and large claims throughout the year.

✨ Grateful and Humbled! ✨ We’re thrilled to share that CoverSure has won the “Best Customer-Focused Innovation of the Year” award! Thank you India Insurtech Association! Thank you for bringing the industry together - Prerak Sethi, Sumit Ramani, Rahul Nawab, Shwetank Verma, Shobha Arora, Subhajit Mandal, CFA Insurance in #India = Huge trust deficit. That’s why at CoverSure, we believe #innovation is at its best when it creates real value for consumers. Step by step, we’re working to make insurance simpler, more transparent, and more usable. Tackling the blue ocean of consumer-first strategy in insurance isn’t easy, but it’s worth every challenge. And trust us - this is just the beginning. There’s so much more innovation coming from the house of CoverSure 🚀 🤝 #Collaboration fuels innovation - if you share our vision of a transparent, consumer-first insurance ecosystem, let’s join forces to make it stronger. Thank you to everyone who’s been part of this mission. Let’s keep pushing boundaries! Mayank Mishra | Harshit Jain #CustomerFirst #InsuranceRedefined #BuildingTrust #irdai #iia

Hospital bills covered? Sure. But what about the OTHER expenses? 🤔 Parking fees, food deliveries, or travel for loved ones, those little things can add up faster than you think! 😬 The solution? A clever insurance hack that fills these gaps without you breaking a sweat. Because recovery isn’t just about medical bills, it’s about removing ALL the stress. 🛡️ Want to know more? Swipe through and uncover how to level up your health insurance game. Trust us, this add-on is a lifesaver (and wallet-saver too😉)! 📲 P.S. Check out the CoverSure app to explore how it works for YOU! https://lnkd.in/dwBxsSFR #HospitalCashRider #SmartInsurance

🎯 Quick question: When was the last time you saved money while protecting your health? 🤔 Scroll through to discover: -How to avail long-term discounts. -Benefits for family bundles -Exclusive benefits for women 👩⚕️ -Special savings for first-time health policyholders 💡. 📲 Ready to reconsider your health insurance strategy? Download the CoverSure app and start maximizing your Insurance returns! https://lnkd.in/dwBxsSFR