Tag - health insurance

Sub-limits in a health insurance policy and their importance

Sub-limits in a health insurance policy and their importance

Buying a health insurance may be easy but selecting a plan that meets your needs is not that easy. There are various features such as day care procedures, waiting period, co-payment, deductibles and cashless cover that form the basis on which you can compare health insurance plans. However, one of the major key deciding factors is the sub-limit. A sub-limit is an extra limit in an insurance policy’s coverage of certain losses. These losses are a part of the original [...]

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6 Things do not cover by your Health Insurance Policy

6 Things do not cover by your Health Insurance Policy

When we buy Health Insurance, sometimes it becomes difficult for us to understand the complex terms and conditions of the policy. Despite increasing awareness about sub-limits, pre-existing diseases, and other exclusions, the policies claim denial or reduced payouts continue to shock. To ensure uniformity, the IRDAI (Insurance Regulatory and Development Authority of India) has set up a committee to suggest measures to standardize exclusions. In 2012, the regulator listed 199 items, indicating their admissibility or otherwise. The recent move [...]

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Best tips to Save Money on your General Insurance Premium

Best tips to Save Money on your General Insurance Premium

When we talk about General Insurance, it’s all about the Insurance products such as Health Insurance, Motor Insurance, Travel Insurance and Personal Accident Insurance etc. The domain of Insurance coverage is divided into two categories – Life Insurance and General Insurance. Life Insurance products don’t come under General Insurance. There is a short-term period contract between the insurer and the insurance company for all General Insurance products. For which the Insurer has to pay an amount as a premium [...]

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How to buy a Health Insurance that fulfill your needs in FY 19

How to buy a Health Insurance that fulfill your needs in FY 19

How to buy a Health Insurance that fulfill your needs in FY 19 At the beginning of Financial Year 2019, we have seen the allocation of new financial approaches in our lives. Today we will put light on the best way to take after while buying Health Insurance. Everyone wants to live fit and healthy in his or her life. As it is not always possible, sometimes uncertainties like illness, accident and unusual medical bills make the situation worse. In such [...]

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Do you need health insurance in your 20s

Do you need health insurance in your 20s?

Do you need health insurance in your 20s? Here I am telling you a story about Rohan, who started working in a firm ten months ago. Rohan loved the money related security his job offered. He could travel, eat, fun and hang out with friends with any worries. He even figured out how to save some cash. All that changed when he was hurried to the clinic with stomach pain. He had appendicitis and then suffered a near-fatal infection. The healing [...]

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WHY WE NEED AWARENESS ABOUT HEALTH INSURANCE

WHY WE NEED AWARENESS ABOUT HEALTH INSURANCE

WHY WE NEED AWARENESS ABOUT HEALTH INSURANCE. Since the last few years in India, the condition of Medical Coverage is at a pathetic level. According to a survey, only 15% of the total population of India use Health Insurance Plans to pay their medical expenses. These individuals pay their medical bills or expenses from their own pocket. Therefore, a large number of these uninsured individuals either end up with low-quality medical & health services or need to manage financial difficulties. Sometimes the medical [...]

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Things to remember while renewal of Health Insurance

Things to remember while renewal of Health Insurance

Things to remember while renewal of Health Insurance Things to remember while renewal of Health Insurance. Health Insurance is a coverage for the medical expenses of the insured member during a policy year. It relies on the insured member that what kind of health coverage he has picked. The Health Insurance cover the medical costs which incorporate hospitalization costs, day-care procedures, domiciliary hospitalization, pre and post-hospitalization costs and so on. There are different other additional items can be appended to [...]

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