health insurance

  Illness can strike anyone irrespective of their age. This is why it is extremely important to buy health insurance for all the immediate members of your family, including your children. Now, getting individual health insurance plans for each member of your household can prove to be quite tiring. These individual plans might also fall more expensive for you. To help you easily get medical coverage for all your loved ones, health insurance providers offer family floater plans. Family floater health insurance plans allow you to cover all your immediate family members under a single policy. So, if you are about to buy medical coverage for your whole family, a family floater plan is the right way to go. Before you go ahead and buy your policy, read on for a few things you need to keep in mind about this type of health insurance plan.        You need a high sum insured In a family floater plan, the sum insured is shared by all the members covered. Thus, it ...

  The rising number of COVID 19 cases has drawn attention to the need for health insurance, especially among those who do not already have coverage. Keeping this need in mind, the IRDAI (Insurance Regulatory and Development Authority of India) launched two health insurance products that are specific to offering coverage for the treatment of COVID 19. These two health insurance policies are Corona Kavach Policy and Corona Rakshak Policy. The Corona Kavach Policy is an indemnity-based insurance plan that covers treatment for COVID 19 at a hospital or even at home, under a valid claim. The Corona Rakshak Policy is a benefit-based plan that pays the policyholder a lump sum under a valid claim. This payout can be used for any expenses arising due to COVID 19 treatment. Now, the Corona Kavach Policy and Corona Rakshak Policy are two new types of health insurance plans. Therefore, it is important that one understands the complete detail of coverage. This will help to avoid any confus...

  As per the Motor Vehicles Act, 1988, it is mandatory for every vehicle to have at least basic car insurance. This basic coverage refers to a third-party car insurance policy. However, it makes sense to go a step ahead by opting in for comprehensive coverage, including add-ons, to holistically protect your finances in the event of a mishap or calamity that sees you and your ride suffer damages. A trend shows that many motorists who have older vehicles (aged 5 years or older) often do not see the point of opting in for comprehensive coverage. Yet, this is a big mistake and can cost you heavy. If you have an older vehicle, you do need to protect it with comprehensive car insurance coupled with smartly chosen add-ons. Most vehicle insurance providers offer car owners a long list of add-ons to choose from. This exhaustive list is indeed a boon but might also make for a difficult choice when it comes to covering a car that has aged a few years. You might wonder if there are certain ...

  COVID 19 brought the world to a standstill in 2020. Even though lockdowns were enforced in an effort to curb the spread of infection, healthcare systems still were overburdened with cases. Attention was also drawn to the fact that most people lacked health insurance coverage. This gap in insurance saw many exhaust their hard-earned savings while receiving treatment for COVID 19. In an effort to ensure that everyone can get insured against COVID 19, the IRDAI asked all insurance companies to launch standard, short-term health insurance products for coverage against COVID 19. All insurance providers will have the same names and features for these products as set by the IRDAI. This uniformity will ensure that people can buy coverage with minimal confusion in these difficult times. The two policies thus launched are the Corona Kavach Policy and Corona Rakshak Policy. Let’s take a quick look at the main differences between these health insurance products from the IRDAI:  ...

  It is hardly a secret that medical emergencies pop up unannounced. And, if funds are low and treatment costs are high, you might find yourself in dire straits. Now, fortunately there is one solution out of this situation. That solution can be spelt out in two words – health insurance. Health insurance online is so important that it should ideally be on your list of financial milestones. It is a milestone literally for from the day you purchase health coverage, you can rest easy knowing that your insurance will back you up when you fall ill and need treatment. Now, it won’t suffice to just pick up the first health insurance policy that comes your way. Your health coverage should ideally consist of a portfolio of different health insurance products that each serve their purpose in helping you financially tide over a medical crisis. Read on to know learn about the 3 insurance policies that should form a part of your health insurance portfolio.         Indi...

  Hectic work schedules, sedentary routines, and incorrect eating habits have all given rise to many lifestyle diseases. And as we all know, falling ill these days can cost you a fortune. Luckily, health insurance can back us up when we need medical treatment. A good health insurance policy can cover costs incurred for hospitalisation, pre- and post-hospitalisation care, ambulance charges, and day care procedures, among other things. This wide scope of coverage can truly protect your hard-earned savings. Else, a single week in the hospital can wipe your bank account clean. Now, when it comes to our health, we each have unique needs. This also means that we might have varying requirements of coverage in health insurance. There cannot be a ‘one-size-fits-all’ approach. Thus, health insurance companies offer certain add-ons or riders that can be purchased along with a health insurance policy. These added benefits help customize your coverage just as you need it. In this article, we t...