Liberty General Insurance 
Claim Settlement Ratio 94%
Claim Settlement Facility 100%
Network Hospitals 5000
Renewability 100%
COVID-19 Cover Yes
Incurred Claim Ratio 74.58%
There is no law which mandates the taking of a health insurance policy in India. But it is advisable to have a Health insurance policy to protect you and your family from unforeseen circumstances leading to financial drain.
There might be various reasons for the rejection of your insurance proposal such as Wrong declaration in the proposal form, Entry age more than the limit of the policy, Sum insured options not being available etc. The rejection reason would be mentioned by the insurance company.
The sum insured under the health insurance policy cannot be increased in the middle of the policy year or during a claim when the sum insured is exhausted. The sum insured can only be increased at the time of renewal subject to the approval from the insurance company. The increased sum insured would be chargeable and the waiting period conditions should be satisfied for the increased sum insured. The increased sum insured might require medical pre-policy medical check-up in certain situations.
