Recent Posts
- Diabetics cannot claim mediclaim in first four years
January 2, 2018
If you have diabetes and hypertension, forget that you can rely on your mediclaim or health insurance policy in emergency, if the policy is not at least four years old. The Gujarat Consumer Dispute Redressal Commission has ruled that if one goes for any surgery within four years of buying an - How maximum coverage in floater mediclaim varies with insurer
December 27, 2017
Ashish Mehrotra Is there any ceiling on the amount for a floater medical insurance plan? – Gaurav Rastogi Maximum coverage amount (known as sum insured) varies from insurer to insurer. It is important for a customer to assess the demographics before deciding the coverage amount. Things to keep in - Get The Best out of Mediclaim
December 27, 2017
Is health insurance worth buying? Is it good to safeguard your savings because you can be faced with a medical issue any time? If you do not face any health issue, it is a blessing, even though the insurance cover was a wasted expense. Buying early helps; but the premium increases with age. Unlike - Implement mediclaim policy in J&K: Qayoom Wani to government
December 21, 2017
Employees Joint Action Committee (EJAC) president Abdul Qayoom Wani today sought immediate implementation of mediclaim policy in the state. Qayoon Wani, in a statement today, appealed to the chief minister, minister for finance, state chief secretary and commissioner Secretary finance to implement - Medi claim insurance policy and government employees
December 21, 2017
Insurance is a system whereby individuals and companies that are concerned about potential hazards pay premiums to an insurance company which reimburses them in the event of a loss. The insurer profits by investing the premiums it receives, and from underwriting gains and losses. Some common forms - What consumers need to know before purchasing a health insurance policy
December 19, 2017
The health insurance has become much more a need today with the healthcare costs raising day by day and severe health issues like diabetes and cancer are getting somewhat more common. Manav Bajaj In the world of high scale uncertainties, health insurance is one of the basic needs of the - Health insurance policy: 5 amazing advantages that should make you buy mediclaim now
December 19, 2017
With medical costs increasing rapidly, it is necessary to buy health insurance plans. Such plans cover all hospitalisation expenses, as well as pre-hospitalisation and post-hospitalisation charges. Following are five major advantages of purchasing a health plan: Coverage of medical expenses The - Mediclaim: Health insurance with IVF and fertility insurance plan available; see how
December 19, 2017
You can buy health insurance plan with IVF treatment cover I want to buy a mediclaim product for my family with IVF and fertility treatment cover. Please suggest a plan. – Gaurav Arora It is prudent to have a health insurance plan for your family. IVF and infertility related expenses are usually - Here are all the benefits available to senior citizens
November 15, 2017
In India, senior citizens can avail of a host of benefits that add to their convenience and ease their financial burden. ET Wealth lists some of the most useful facilities available to them. LOWER TAX Tax laws are relaxed for the them to ease their financial burden. * Income of up to Rs 3 lakh - Hospital’s enrolment under Clinical Est. Act matters in mediclaim: Consumer court
November 13, 2017
Pune: The district consumer court has ruled that an insurer cannot be held liable for deficient service for rejecting a health insurance claim on the grounds that the hospital where the policy-holder underwent treatment, was registered under the Maharashtra Shops and Establishments Act, 1948 and - Point of sale persons can sell mediclaim
November 10, 2017
The Insurance Regulatory and Development Authority of India (Irdai) has allowed the sale of indemnity-based health insurance products through Point of Sale persons (PoS). As per a circular (read it here) issued by Irdai on 25 October, the PoS will now be allowed to sell these insurance products to - Why women need to buy insurance more than men
November 6, 2017
Are women naturally better than men when it comes to money? Women today are taking up leading roles in finance and banking sector. Four out of top five banks in India are led by women. Forbes has placed Arundhati Bhattacharya, the first women to have served as Chairman of India’s biggest public - Insurer must reimburse patient cost of diagnostic equipment under mediclaim
October 30, 2017
Diabetics, especially those who are insulin dependent, have to monitor their blood sugar before every shot of insulin, to determine its correct dosage. This requires a glucometer and test strips, which are quite costly. Can the insured recover the cost under a mediclaim policy? Case Study: Purvi - Insurance policy for cancer survivors launched
October 26, 2017
It provides routine medi-claim cover and lump sum Star Health and Allied Insurance on Tuesday launched a health insurance policy for persons diagnosed with cancer, which will work as a routine medi-claim cover, as well as provide a lump sum payment upon diagnosis of recurrence, metastasis or second - Individual mediclaim policy or family floater; which is more cost effective; find out here
October 25, 2017
I want to convert my individual mediclaim (for myself, wife and two sons) into a family floater plan. But the insurer is refusing saying I will lose out on the no claim bonus. What should I do? – Mihir Raj Yes, you can convert your individual mediclaim (self, wife and two sons) into a family - Star Health’s mediclaim policy dedicated to cancer patients
October 23, 2017
CHENNAI: Private sector medical insurer, Star Health and Allied Insurance Company on Thursday said it has launched a dedicated health cover policy for cancer patients The product -Star Cancer Care Gold -is designed to offer cover for a sum insured of Rs 3 lakh and Rs 5 lakh, wherein, in an - Forum tells risk firm to pay medical claim of insured
October 17, 2017
The District Consumer Dispute Redressal Forum of south Mumbai pulled up an insurance company for rejecting the complainant’s medical claim and directed the firm to pay the complainant’s medical bills worth Rs 38,015 along with an additional amount of Rs 10,000 towards the - How to port a health insurance policy
October 16, 2017
You can change your car insurer and port the no-claim bonus from the old insurer to the new. But did you know you can port your health insurance policy too? You can change your insurer at the time of renewing your policy and port credits on waiting period and no-claim bonus. “You should port a - Importance of goal-based investing; top 5 things to consider before you invest
October 13, 2017
Traditionally, most investors invest without any planning. When you get a bonus or inherited wealth, you would invest somewhere with the goal of just ‘saving’. While saving is good, not attaching a goal to investing is bad. It is akin to boarding a train without knowing your destination. To - 5 things you do not want to miss when buying health insurance
October 12, 2017
These days, buying anything has become so simple and convenient. It is a matter of a few clicks and it’s done. People are so busy in their lives that they don’t have a single second to waste. They want to save time so that they can spend it doing what they love the most. 15
