Follow these steps diligently to ensure that there isn't any hardship when your parents fall ill
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
The most common mistake is investing without assessing suitability and long-term implications.
Know when these come into play before buying a health insurance policy.
Detariffing in the non-life insurance market may well be the beginning of the end of cross-subsidisation and low premiums in group health insurance, with insurers now looking at pricing all their products individually.
The costs, otherwise, of medical insurance are too high.
'Opt for a minimum cover of Rs 10 lakh to Rs 15 lakh, especially in urban and metro areas.'
There are few lapses in the healthy insurance proposals.
A nationwide strike called by central trade unions saw a mixed response across India, impacting various sectors and states differently, with some areas experiencing disruptions while others remained largely unaffected.
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.
You may think that all will be well because you have a cashless settlement mediclaim policy. But, that's not so. From pain-killers, they can easily turn into pain-givers.
National Insurance Company is going to come out with a new health policy for those above 60.
Irrespective of your age and how good your health has been, the right time to get a health insurance is NOW, says Mukesh Kumar, Executive Director, HDFC ERGO General Insurance Company
In a move that will bring cheer to health insurance policyholders, non-life insurers are finalising the contours of a new product that will have a common minimum standard cover and will be renewable and portable across companies.
With the tax planning and investment season coming to an end this month, many are running around to get the best of the plans available in the market. Most of the limit available under Section 80C would have been over by now. Are there other ways to get tax benefits from taking up useful investments/expenses? Yes, there is always the health insurance plans.
In order to improve the quality of service rendered by third-party administrators, a committee formed by the Insurance Regulatory and Development Authority has recommended that general insurers should hire at least two agencies to execute back office jobs for settlement of health insurance claims. In addition, to improve the coverage and quality of services provided by TPAs, the panel has suggested that the minimum capital requirement should be doubled.
While insurance companies are yet to finalise the premiums, there are chances that group health premiums could see an increase.
With the regulator changing the claims processing rules, policyholders can now settle their claims quicker and keep premium costs lower.
Health insurance and mediclaim policies help you manage your finances during medical emergencies. So, how much is enough?
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.
The government on Monday said about 40 lakh artisans would be provided health insurance coverage under the Rajiv Gandhi Shilpi Swasthya Bima Yojna over a period of five years.
The Insurance Regulatory and Development Authority on Thursday allowed portability of health insurance products. It will be applicable for all existing and new contracts from July.
You will lose out on discounts and have to pay a higher premium.
According to the IRDA's data in 2007-08, the health insurance segment was estimated to be around Rs 5,152 crore, with only 2 per cent of the total population being covered. Realising the potential and advantages -- the segment has been growing at 37 per cent since 2002 -- both life and non-life insurers are offering health insurance products. Health insurance in 2007-08 accounted for 0.2 per cent of the individual regular premium for life insurance companies in India.
It is important to look at factors like claim settlement ratios, persistency ratios, the extent of premium increase with age, insurer's reputation, etc, says Vaidyanathan Ramani.
The first step that has been taken by IIB is to bring out unique identity numbers for hospitals.
The government must not enter into what will be a little more than a large-scale transfer of taxpayers' money to the operators of private hospitals.
The Insurance Regulatory and Development Authority (Irda) has constituted a seven-member committee on health insurance for senior citizens.
Have a query regarding health insurance or mediclaim policy? Maybe we can help. Drop us a line and our expert, Harsh Roongta, CEO of Apnapaisa.com, will answer it.
Harjot Singh Narula lists five checkpoints to help you find the best health insurance plan
Naval Goel explains the importance of day-care health insurance
'As we get older, our health risks increase, and this makes health insurance significantly more expensive for seniors.'
Is the cost of medical cover too high? Opt for co-payments or deductible plans. Here's more on when they work the best.
To avoid a claim rejection for chronic diseases, ensure proper medical records, experts tell Tinesh Bhasin
The National Confederation of General Insurance Officers' Association urged the Finance Minister Jaswant Singh to explore the possibility of setting up a subsidiary health insurance company to manage the health portfolio.
Have a query regarding health insurance or mediclaim policy? Maybe we can help. Drop us a line and our expert, Harsh Roongta, CEO of Apnapaisa.com, will answer it.
Firm offers no-pain switch from company cover.
Insurance industry sources said one of the largest telecom service providers paid Rs 20 crore to insure its employees in 2009-10 against Rs 9 crore last year.
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