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Health insurance portability explained
You buy a Health policy from an insurer A. A few months down the line you feel that services of the insurer A are not up to the mark and you want to discontinue the policy and get insured with some insurer B. What do you do? As per IRDA guidelines issued in 2011, every…
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Your reward for keeping good health: No claim bonus
Medical inflation is estimated between 15-20% every year. With such staggering figures, it is imperative to invest in a good health care policy for maximum returns in future. Well, if you have landed on this page, then congratulations, you are on the right track. You have made a conscious effort to understand your health care…
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Maternity cover: A must-have benefit?
The maternity benefit in a health policy covers the insured during childbirth. A lot of newlyweds tend to take a health policy with maternity cover keeping in mind this certain expense in the near future. But you need to know a few things before you get this cover. Raed more about why newly wed couples…
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Know your health policy exclusions
Choosing a health insurance policy calls for factoring in a number of things. One such important thing is exclusions of the policy. Exclusions are events and conditions that the insurance policy doesn’t cover. They can be of two types: (a) Permanent exclusions and (b) Time-sensitive exclusions (Benefits with a waiting period). 1. Permanent exclusions are…
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The winning case of critical illness covers
A critical illness is a severe illness like Cancer, Cardiac arrest etc. that puts your life at high risk and even after treatment, changes your ordinary day to day life. One aspect of these changes is financial. Insurance customers often ask this question: Why do I need a critical illness cover when I have a…
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The must-know of fine print: Deductibles and Co-pays
The thing that most affects a person with insurance is the sum they actually receive at the end of the day and the money they pay out of their own pockets. So it is important that you know how much of your bills the insurer will consider. Insurance companies cover the risk but they also…
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I am healthy, why should I buy health insurance?
I am healthy, why should I buy health insurance?- said Malik Raja Mora, a healthy 26 years old Mumbai immigrant, who lived in a decent apartment, had moderate savings for someone in their mid 20s, and worked, exercised and ate healthy for the most of it. He did not smoke or consume excessive amount of…
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What are the Pradhan Mantri insurance schemes?
The advent of whatsapp has made messaging obsolete. who wants to pay for messaging when whatsapp is faster is easier. All you get in messages is anyways advertisements and promotions. But isn’t it super difficult to ignore the little notification on your phone, despite most of them being the same annoying promotional offer? Lately many…
