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IRDAI’s new rules would reduce your out-of-pocket expenses. Here’s how
Health insurance plans prove to be a blessing in times of medical emergencies when expensive treatments and hospitalization might blow a hole in your finances. Health plans cover your hospitalization expenses as well as the costs of treatments sparing you the financial burden. The Insurance Regulatory and Development Authority of India (IRDAI) constantly makes changes…
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Now get reward points in your Health Insurance plan for staying fit
The trend of healthy living has gone viral. Many of you opt for organic food, go for walks, practice Yoga, Zumba or Pilates and/or opt for a balanced and nutritious diet. While healthy living helps you stay fit, now, you can also get rewards in your health insurance plans for your heathy efforts. Earlier, some…
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IRDAI makes Insurance plans more customer friendly in times of crisis
The Coronavirus pandemic is the first of its kind to grip the whole world in its clutches. Besides causing medical complications and health issues, the pandemic has also caused financial problems for many. Loss of job, pay cuts, business interruption are some of the problems which people are facing in these trying times. At the…
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Save your Health Insurance premium and make your plan more pocket-friendly
Having a health insurance policy with a sufficient sum insured is needed. How else would you be able to meet the expensive treatment costs of a medical emergency? When you opt for an optimal sum insured level for complete coverage, you cannot overlook the premium associated with it. If a high sum insured is chosen,…
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IRDAI’s Efforts Towards a Healthier India Through Wellness Benefits in Health Insurance Plans
The Insurance Regulatory and Development Authority of India (IRDAI) has always ensured that health insurance plans adapt to the changing trends of the modern society. Gone are the days when health insurance plans offered vanilla coverage benefits against medical costs. Today’s health plans have become multi-dimensional in their scope. They offer new-age coverage benefits as…
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List of necessary documents for buying Insurance Policies in India as well as claim processing
Buying insurance plans has become quite simple due to the availability of the online platform which allows you to buy a policy from your home or office. Whenever you buy insurance whether online or through insurance agents, you are required to submit a set of documents to the insurance company. An insurance policy is a…
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All about Restoration Benefit in Health Insurance Plans
Health insurance plans have become quite innovative in recent times as they are providing better and more inclusive coverage benefits. They are increasing the scope of coverage so that they can cover all possible types of medical expenses and the policyholders can enjoy complete coverage. One such coverage benefit, which is available in many health…
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October 2020 would make health plans pro-customers. Here’s how
The Insurance Regulatory and Development Authority of India (IRDAII) continuously proposes changes in health insurance plans. These changes serve two purposes – They help health insurance policies to adapt with the changing times They make health insurance plans more customer-friendly When COVID struck, IRDAI issued a series of guidelines to insurance companies to make COVID…
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Fixed benefit or indemnity health plan, which one to choose for covering COVID?
The number of Coronavirus cases is increasing with no relief in sight as India is expected to record the highest number of cases in the world. Since a vaccine is still in its development stage, people are looking at health insurance plans to solve their immediate financial needs if they test positive for Coronavirus and…
