Unlike life insurance plans, health insurance plans come in multiple variants. Two plans can differ in coverage on many aspects. One may have room rent sublimit while other may have a co-payment clause. One has a waiting period for pre-existing illnesses of only 2 years while the other offers no-claim bonus of 50%. And there is a difference in many more coverage … [Read more...] about Health Insurance Plans you should avoid
With the healthcare costs rising sharply, it does not take long to understand the importance of adequate health cover in your insurance portfolio. However, health cover comes at a cost. Even though you may appreciate the benefit of adequate health cover, your budget may not permit you to purchase a health plan. You may argue that you have health cover from your employer but … [Read more...] about 8 tips to reduce Health Insurance Premium
Health Insurance Plans come in many variants. Presence of many features in the health plans makes it difficult to compare two plans. In a recent post, I had discussed maternity benefit in health plans in detail. In this post, I will focus on the Restore benefit. Under some plans, this benefit is also known as refill benefit. I will also discuss if it is prudent to health … [Read more...] about Should you purchase a Health Insurance Plan with Restore Benefit?
A health insurance plan takes care of your hospitalization expenses. However, there are a few expenses during hospitalization which are not covered under most health plans. Typically, you have to bear expenses for food and other consumables. Health insurance plans do not cover such expenses. Is there an insurance plan that can take away some burden of such expenses? The … [Read more...] about What is a Hospital Cash Insurance Plan?
You have been planning to purchase health insurance for your parents. However, you have found the annual premium prohibitively expensive. I had discussed a few health insurance strategies for the parents in one of my earlier posts. Must Read: Health Insurance Strategies for your parents In the above post, I had missed out on discussing group health insurance covers offered … [Read more...] about PSU Bank Health Insurance can be a boon for senior citizens
Healthcare costs in India are rising fast. And it is becoming increasingly expensive to provide quality healthcare to the family. Regular health insurance plans take care of the hospitalization expense, which is typically the biggest expense in any medical treatment. However, your medical expenses don’t just end with hospitalization expenses. I do not deny that hospital bill … [Read more...] about Does it make sense to purchase Health cover with OPD coverage?
With healthcare costs rising so fast, people have begun to realize the importance of health insurance in their insurance portfolios. When you are young and healthy, the premium for health insurance plans is lower. For instance, for a family of 4 (self, spouse and two children), you will get many options under Rs 20,000 for Sum Insured of Rs 10 lacs (eldest member: 35 years). … [Read more...] about Health Insurance Strategies for your Parents
Health Insurance plans come in many variants. The extent of coverage across two health insurances can vary on many parameters. One plan will have cap on room rent while the other covers alternative treatments. One offers lower waiting period while the other covers domiciliary hospitalization. In fact that’s what makes the comparison of features and premium of health insurance … [Read more...] about Should you buy a Health Insurance plan with Maternity Benefits?
Most salaried professionals are content with the group health cover provided by their employers. They think that, in case of an unfortunate hospitalization, medical expenses will be covered by the group health cover. False sense of comfort. In this post, I will list out some of the reasons why you cannot rely solely on your employer group health insurance plan. You have … [Read more...] about Why you cannot rely on Group Health Cover provided by your Employer?
With quality healthcare expenses rising fast, health insurance premium has become an unavoidable expense. In absence of adequate health cover, a prolonged hospitalization can seriously deplete your finances. Your health cover requirements can increase as your grow older or as your family grows. Hence, you may have to increase the Sum Insured under your existing health plan. … [Read more...] about Top-up and Super Top-up Health Insurance Plans