As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
While insurance companies are yet to finalise the premiums, there are chances that group health premiums could see an increase.
Given the high cost of treating cancer and the reasonable premium rates at which these plans are available, one should opt for a cover at the earliest.
To plug claims mismanagement, the Insurance Regulatory and Development Authority of India (Irdai) is bringing reforms in the mediclaim segment.
Moving to a new company means losing out on continuity benefits
The high sum insured will allow the insurer the luxury of taking treatment in a deluxe room in premium priced hospitals and cover high-cost medical expenses for critical illnesses.
Medical expenses for senior citizens are a foregone conclusion. Since claims are bound to happen with people of higher age, insurance companies do not want senior citizens as customers. Is it right?
Instead of enhancing the sum insured of your basic policy, a more cost-effective option is buying a super top-up policy.
Aslam Hunani presents some of the frequently asked questions about health insurance in India.
For the elderly, the need for health insurance is much higher. Getting it, however, is not that simple.
Take these factors into consideration before buying a healthcare policy
'The government wants foreign companies to capture the insurance market.'
rediffGURU Sunil Lala answers your MF-related queries.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Transcript of the weekly insurance chat held on Wednesday.
LIC's product will be a hospital cash product (that is for major listed surgeries and procedures, LIC will pay the insured a predetermined lump sum amount, depending on his premium payment). LIC's product will also be a long-term product of over 10 years. For claim payouts, the public sector behemoth has tied by with Axis Bank, Syndicate Bank and Bank of America.
For most companies this would mean extending medical coverage to same-sex partners, say legal experts.
Why are family floater plans so very important? Anil Rego answered readers' queries in an online chat on October 7
The strict curbs, including a curfew from 8 pm till 7 am, and prohibitory orders during the daytime on weekdays came into force from Monday in the state.
'If you look at household hospitalisation compensation, then you will find only one-third is hospitalisation. Two-thirds is outpatient.' 'Even if you provide Rs 5 lakh coverage, people will still have a tough time.'
Jaitley has announced increasing the super-rich surcharge to 12%.
You can still save money, says Samkit Maniar
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
'There are no new benefits for senior citizens, but on the other hand senior citizens having sizeable dividend income may have to suffer tax at applicable slab rates,' says Mahesh Padmanabhan.
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'Prevention plus vaccination is what is going to take us into better territory by September or October.'
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
