Just four days after purchasing his new medical and health insurance policy, Marcus Lim (not his real name) suffered a sharp injury during a routine jog. What initially felt like a minor foot sprain soon revealed itself as something much more serious – a plantar plate tear requiring surgery. Marcus was concerned about making insurance claim just after purchase of the policy. He heard that these were often rejected.
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Insurance Claim Just After Purchase Risks Being Rejected
Given the timing of the incident, there was immediate concern over whether his new insurance policy would cover the claim. Insurers are particularly cautious with early claims to rule out pre-existing conditions. Fortunately, Marcus had a financial consultant who acted swiftly and strategically.
Proper Documentation Enabled Successful Insurance Claim
Understanding the situation, his consultant informed him precisely what documentation would be needed to support his claim. From the outset, Marcus gathered the necessary reports, medical memos, and doctors’ assessments. This proactive approach minimised any back-and-forth with the insurer and significantly reduced delays in processing his claim.
Initially, Marcus filed under his accident insurance plan, as the cost appeared modest – under $2,000. But as further consultations unfolded, it became clear that the tear was more severe than anticipated. Surgery was required, and the medical bill quickly escalated to approximately $14,000.
With expert guidance, Marcus went through a panel doctor to get his surgery pre-approved. The financial consultant also arranged for a cashless transaction, sparing Marcus from having to make hefty upfront payments while he recovered.
What could have been a financially and emotionally draining experience turned into a manageable situation, all thanks to quick thinking and the right insurance setup. Marcus emerged not only with a healed foot but also a deep appreciation for the value of sound financial advice. Against the odds, he had succeeded in making an insurance claim not long after policy purchase.
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The Importance Of A Knowledgeable Financial Advisor
A great financial advisor does more than manage premiums and payments. They offer foresight, clarity, and advocacy when it matters most. From choosing the right coverage to managing claims during critical moments, an advisor can be the difference between financial strain and financial security.
Get Protected Before It Is Too Late
Accidents and health issues strike without warning. Be prepared with the right coverage. To ensure your insurance is working for you, speak to a trusted financial advisor today.
Our Preferred Financial Advisor: Melissa Mok (Master Financial Consultant In Singapore)
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Disclaimer: 365Asia aims to provide accurate and up-to-date information, our contents do not constitute medical or any professional advice. If medical advice is required, please consult a licensed healthcare professional. Patient stories are for general reading. They are based on third-party information and have not been independently verified.