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Standard Health Insurance Contract (SHIC) APPLICATION & CHANGE OF CIRCUMSTANCES FORM CINICO USE ONLY Group No: 30104 Member #: 997 - New Enrollment: 1. Please complete ALL question on this document.

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The base amount taken in your calculations for the sum assured should ideally be 15-20 times your annual household expenses, as a general thumb rule depending upon the tenure of your policy as well as the number of years you are expected to remain in the workforce.

To protect your savings While an unforeseen illness can lead to mental anguish and stress, there is another side to dealing with health conditions that can leave you drained – the expenses. By buying a suitable health insurance policy, you can better manage your medical expenditure without dipping into your savings.

What is the meaning of sum insured? The sum insured is the amount that the insurance company pays to the policyholder in the case of an unpredictable event, such as an illness. The amount paid is a reimbursement for the costs incurred and not a fixed sum of money like the sum assured.

Medical insurance covers expenses related to accidents or illnesses, including hospitalisation, diagnostic tests, surgeries, and medication. There is usually a limit on the number of claims per year. Medical insurance may have a limit on the total value of claims or a limit on the number of days of hospitalisation.

In insurance terms, the "sums insured" and "limits of indemnity" refer to the maximum amount that the insurer will pay out in the event of a claim. Sums insured are typically used in policies such as property insurance or contents insurance, while limits of indemnity are more common in liability insurance policies.

Some key health insurance features include coverage for hospitalisation expenses, pre-and post-hospitalisation expenses, and the cost of treatments and surgeries. Health insurance benefits also include cashless hospitalisation, daycare procedures, and coverage for pre-existing illnesses after a waiting period.

Sum Insured (SI) is the maximum amount that is provided to you (the insured) in case you make a claim due to a medical emergency, treatment for illness, etc. It is directly based on the concept of indemnity.

Medicare, most Medicaid, and some commercial health plans provide coverage for minimally invasive sacroiliac (SI) joint fusion procedures. Your plan may require a written authorization prior to surgery. If your plan approves the request, an approval letter from your plan will be provided to you and your surgeon.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232