Buying insurance now can save you upto 40% on premiums – Here is how
According to news reports, insurance premiums including health and term life insurance premiums could witness an increase by as much as 20% by October, 2020. The primary reason for this, according to reports, is the guidelines issued by India’s insurance regulator the IRDAI (Insurance Regulatory and Development Authority of India) to insurance providers asking them […]
Read moreAll You Need To Know About Event Insurance
Till 8 months back, nobody, in their wildest of imaginations had thought that the world would face a crisis of a scale that it is facing today. The Covid-19 pandemic struck like lightning, thereby forcing nations across the globe to restrict the movement of their citizens to combat the spread of the dreaded disease. While […]
Read moreCovid-19 Pandemic Shows Why It Is Important To Stay Insured
The ongoing Covid-19 pandemic is likely to go down in history as one of the most devastating events of the 21st Century. The pandemic has already claimed over 500,000 lives and infected more than 11 million people worldwide. Governments across the globe are trying their level best to control the spread of the deadly Covid-19 […]
Read moreOPD Benefits Under Health Insurance
People purchase health insurance so as to cushion themselves against high cost of medical treatment. Almost all health insurance plans in India offer hospitalization benefits i.e. cover cost of treatment if a person is hospitalized. However, there are instances where the nature of injury or illness, though requiring medical attention, may not necessarily require one […]
Read more7 Myths Surrounding COVID-19 That One Should Avoid
Despite belonging to the extended family of coronaviruses that have been causing cough and cold to human beings since time immemorial, the Covid-19 is often referred to as novel coronavirus. This is due to the fact that unlike other coronaviruses, it exhibits certain unique features that are new. Moreover, unlike previous ones, the cure for […]
Read moreDifference between Mediclaim and Health Insurance
It is often seen that people use terms like ‘Mediclaim’ and ‘Health Insurance’ interchangeably during the course of their conversation. Due to similarities between the two, many people assume that they are one and the same. And they are not entirely wrong either. While Mediclaim and Health Insurance do have many things in common in […]
Read moreHospitalization Cover under Health Insurance
Hospitalization Cover is the most important benefit offered by health insurance companies. It involves covering medical expenses incurred on treatment when the patient is admitted in the hospital for at least 24 hours. Most health plans have a fixed amount of sum insured and an insurance plan will cover all those expenses in hospital till […]
Read moreRESET BENEFIT IN HEALTH INSURANCE
In India, most insurance plans come with a fixed sum insured. This means that the insurance provider is liable to cover the cost of treatment only up to that amount. If the cost of treatment exceeds sum insured, one has to bear the additional bill from his or her own pocket. This is the reason […]
Read moreFree Health Check-up in Health Insurance
As the saying goes, ‘a stitch in time saves nine’. This means that if a problem is identified and resolved at the onset, it would not grow into something big and unmanageable. One of the best ways to ensure good health is to undertake regular check-ups so as to be able to identify any disease […]
Read moreIRDA GUIDELINES TO INSURANCE COMPANIES ON COVID-19 CLAIMS
Due to the outbreak of Coronavirus (Covid-19), India’s insurance regulator, the IRDA (Insurance Regulatory and Development Authority) has issued instructions to insurance providers on matters related to insurance claim settlement for those affected by the deadly virus. The instructions were issued on vide circular dated 4th of March, 2020 under the provisions of Section 14 […]
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