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Max Bupa, standalone private health insurer, is a joint venture between Max India (with 74 per cent stake) and UK-based global healthcare group Bupa (26 per cent).
'A 25 year old buying a high-value policy now will be well covered even in his 40s.'
The interesting find was how people perceive health insurance in India. It is seen as an instrument to protect savings.
Ashish Mehrotra, MD and CEO, Max Bupa Health Insurance, explains the changes we can expect in health insurance this year.
Irdai had introduced two Covid specific products in the market - Corona Kavach and Corona Rakshak - that saw huge acceptance among the consumers as these products had lower premiums.
The merged entity will have a combined market share of 6.4 per cent in the non-life insurance industry with 308 branches in the country. The deal is subject to regulatory approvals and the entire process is expected to be completed in nine months.
Don't go for family floater plans; though convenient they cost you more.
There are few lapses in the healthy insurance proposals.
Staying healthy is good news for the insurance company as well since it implies lower claims. Insurance companies offer discounts anywhere between 8 And 30 per cent discount on premium.
Is the cost of medical cover too high? Opt for co-payments or deductible plans. Here's more on when they work the best.
The appointment is effective from February 16, 2012, following formal approval from the Board of Vodafone India.
Health insurance expert Anil Rego in an online chat with readers answers health insurance queries.
Insurers say they will have to study the available data to work out by how much premiums will have to go up to be able to cover mental illnesses as well
To handle the sudden loss of cashless facility, patients should maintain an emergency fund or a short-term credit line to manage all or part of hospitalisation costs.
Many other companies have expressed intent of diluting stakes.
Some insurance companies offer zone-based pricing.
The unprecedented rise in Covid-19 infections in the country, which many are terming as the second wave, has also resulted in a rise in Covid-related claims for general and health insurance companies as hospitalisations have gone up. The insurers have received more than a million Covid-related claims as of April, 2021. According to the data compiled by General Insurance Council, the reported claims total 1.014 million, amounting to more than Rs 14,800 crore.
From July 10, when it was launched till August 7, 1,087,030 lives have been covered under Corona Kavach through 648,276 policies with premium of Rs 182 crore and sum assured for Rs 42,956 crore. In addition, 186,347 lives have been covered under Corona Rakshak through 156,695 policies with premium of Rs 25.5 crore and sum assured for Rs 3,293 crore, an Irdai official said.
Before you buy a cashless benefit plan at lower premiums, check if you can make full use of it. Most don't even exhaust the entire benefit.
Cases linked to surgery among those considered.
Apart from special services from banks for their wealth management needs, HNIs are now getting offers from insurance companies, too.
Anik Jain, founder and CEO at Symbo, will answer your questions on insurance -- life, health, motor, travel, etc -- on a weekly basis.
If you are a frequent traveller, then you should opt for a multi-trip travel plan because it works out to be cheaper.
According to Section 80D, the premium paid for medical insurance is deductible from your income up to Rs 15,000 a year
It takes only 30 minutes a day and is internationally acclaimed and scientifically proven.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.
While the benefits offered by the new-generation products are alluring, choose a plan that offers features you may actually need in the future
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Four years after setting up a "home away from home" in the Franschhoek winelands of Cape Town, he is increasing his investments in the hospitality sector in South Africa.
Senior living services, Tara Singh Vachani tells Anjuli Bhargava, could be a big business opportunity in India.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
Modi government has to come up with a robust economic agenda to impress the masses.
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