The insurer has launched a personal health wallet with an aim to motivate people to not only buy health insurance but also stay fit
Insurance companies are going all out to grab eyeballs.
Some insurance companies offer zone-based pricing.
Banks and insurers are beginning to reward customers who show exemplary conduct with lower prices and penalise those who behave poorly by imposing higher costs.
If you contract a disease a few years after buying a health cover, disclosure isn't mandatory. But if you want to increase the sum assured, premiums could go up.
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Foreign investment cap in insurance sector raised to 49 per cent.
After the Delhi high court's ruling, blanket exclusion of genetic disorders from coverage is likely to become a thing of the past.
Most policies have a 30-90 days waiting period, during which you will not be able to claim any hospitalisation expense, except in case of accidents.
All payments made via debit and credit cards, net banking and mobile wallets will be entitled to discounts.
According to Section 80D, the premium paid for medical insurance is deductible from your income up to Rs 15,000 a year
A sum insured of Rs 3 lakh to Rs 5 lakh may have been sufficient seven-eight years ago but would be inadequate today, especially for people living in metros, points out Sanjay Kumar Singh.
While buying health policies, customers should reveal any pre-existing diseases. This is the only way to ensure that the insurer does not reject claims.
Instead of getting confused by what agents tell you, check waiting period, claim-settlement ratio, price comparison etc to make the right choice.
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