Best Health Insurance policies

  There has always been a lot of confusion when it comes to the differences between a car insurance policy and a commercial vehicle insurance policy. There are many who think that these two policies are one and the same; however, this is not true at all. It is very important to understand the differences between these two insurance policies before you decide to purchase one. Let us first understand what these policies are before learning about their differences. What is a private car insurance policy? A private  Commercial vehicle insurance  policy is what you buy when you own a car for personal use. You are required to buy a basic third-party policy which is mandatory for the coverage of third-party damages. You can also choose to opt for a comprehensive plan which will also cover damages caused to you and your car in case of an accident. What is a commercial car insurance policy? A commercial car insurance policy is meant for the car you own for commercial pur...

  These days, owning a car is almost a requirement for every household. Having your own vehicle allows you the freedom of travelling wherever you want to, when you want to. Now, if you are a vehicle owner (or about to become one for the first time), you should be aware that you need to have at least third-party motor insurance to drive your vehicle on the roads. If you do not own at least this basic form of coverage, you will incur hefty penalties. And, to ensure that you take all the right steps while buying Four Wheelers Insurance , we have listed down a few dos and don’ts that you should keep in mind. Read on –   Dos when buying motor car insurance 1.      DO buy your coverage online While you can consider buying your motor insurance through an agent, the online platform can prove to be superior. When you buy coverage online, you can compare plans with ease from the comfort of your home or office. Plus, you also adhere to social distancing norms ...

  During travel, displacement and loss of traveller’s baggage are more common than you think. No matter how hard we try to keep our baggage safely with us, things can sometimes go awry. And when we lose something of value, we may not know what procedure to follow or whom to contact. If you have travel insurance, then you can receive compensation and financial aid in such a scenario as most travel insurance plans do cover lost baggage.   It is to be pointed out that your travel insurance online plan will provide coverage only for checked-in lost baggage.   The baggage coverage in travel insurance is helpful in two primary scenarios:    1. When the checked-in baggage is lost completely   It may happen that your baggage gets lost during the check-in process at the airport. This is quite a frequent occurrence for travellers. In fact, more than 3 lakh cases of lost baggage were reported in 2017 in the USA alone. Even though the chances of you losing your bag a...

  COVID-19 has had an adverse effect on several industries, with travel being one of the worst affected. Even now, almost a year after the outbreak began in China, people are still hesitant to travel. Even the most frequent flier is now wary of catching a flight. In these situations, if you have made plans for travel, then it is important to safeguard yourself against all the possible risks. Along with the masks and sanitizers, there’s another thing that you should ensure you have -  Motor Insurance   In this article, we address all that you need to know about COVID-19 coverage under travel insurance.    How does travel insurance cover COVID-19?   Travel insurance plans offer coverage for several medical risks and dangers. Under your travel insurance plan, you can get compensation for expenses due to hospitalization as a result of sickness or medical issues when travelling overseas. Since COVID-19 is a disease that may require hospitalization, t...

  The Arogya Sanjeevani Policy is a standard health insurance plan that aims to make health insurance affordable and accessible for Indians. The Insurance and Regulatory Development Authority of India (IRDAI) has stated that all Mediclaim For Family companies are to provide the Arogya Sanjeevani Policy beginning from April 2020. Since this is a relatively new policy, a thorough awareness regarding its coverage and other aspects is required. To help in this process, we look at 5 FAQs on the Arogya Sanjeevani Policy.   1. What is the coverage of the Arogya Sanjeevani Policy?    The Arogya Sanjeevani Policy covers hospitalization for several health conditions and procedures. It also provides pre- and post-hospitalization coverage of up to 30 and 60 days respectively. The coverage includes expenses incurred for room rent, nursing, ICU, surgeon, anaesthesia, doctor and specialist charges, ambulance charges, diagnostics, and so on. AYUSH treatment, cataract s...

  Many people are not aware that having health insurance comes with tax benefits. For the uninitiated, the premiums paid towards one’s health insurance policy are eligible for tax deductions under Section 80D of the Income Tax Act. Usually, you can claim the tax deductions for the premiums paid for the policy term when you are filing your ITR or Income Tax Returns for that year. The tax deductions have an upper limit depending upon the age bracket set. If you have a multi-year Health Insurance For Senior Citizens , the process of getting tax benefits is slightly different - let’s understand further. Firstly, let’s explore the upper limits of tax deductions for health insurance. Premiums paid towards health insurance for individuals under 60 years of age are eligible for a maximum tax deduction of Rs 25,000. If the insured under the health insurance policy is over 60 years of age, then the maximum tax deduction to be availed is Rs 50,000. Original Content :-  All You Need T...

  Senior citizen health insurance plans are designed for individuals who have crossed 60 years of age. As seniors retire and enjoy well-deserved rest in their golden years, their health should also be taken care of. Regular health insurance plans may not be adequately equipped to handle the medical needs of senior citizens. Therefore, having a   Mediclaim Policy For Family     becomes essential. You might be wondering, how exactly are senior citizen health plans different from regular health insurance plans? Let’s explore that in this article.   1. No claim limits  Firstly, there are no claim limits in senior citizen health insurance. As individuals age, their chances of getting afflicted with various health ailments increases. That means more claims on their health insurance plan. A regular health insurance plan may have a claim limit. This would not fare well with older people as they might have to make frequent claims during their policy term. To e...

  Did you know that there was a 300% increase in the number of cancer cases in India between the years of 2017-2018? Coupled with the rise in such critical illnesses and lifestyle illnesses is medical inflation. Getting medical treatment at quality hospitals can get quite expensive these days.    In such an environment, securing one’s future in terms of health and medical treatment becomes imperative. Regular Health Insurance For Family  may not be adequate to cover dangerous diseases such as heart ailments or cancer. This is where critical illness insurance comes into the picture.    How does critical illness insurance work?   Critical illness insurance works on a benefit basis, that is the policyholder receives a lump sum payout equal to the sum insured instead of getting reimbursed for individual expenses in treatment. The lump sum payout is made on diagnosis of the critical illnesses covered under the policy after the individual crosse...

  Have you ever felt the need of switching over to a new insurance provider? Perhaps, you are not satisfied with the service you are getting from your current insurer. Or, maybe you simply have found a plan with better benefits. The good news is that you can now switch between Family Health Insurance Plans providers easily while retaining many of the benefits such as the completed waiting period. You will not lose out on the waiting period you completed simply because of the switch. That is a huge relief indeed! Why do people want to port between insurance companies? There are many different reasons why people feel the need to change their health insurance provider. To begin with, most people make the switch simply because they have found more affordable plans. They might be getting coverage of the same sum insured at a much lower premium cost with another insurance company. Secondly, people also sometimes change insurance companies when they shift to a new city or town. The previ...

  With all that has been happening since the start of last year, we have realised how important financial protection is. With over 78 million people across the world affected by COVID-19, getting medical treatments have been a common expense all around. This is where a Critical Illness Insurance policy provides what you need the most: Financial backing. If you have not got your health insurance policy, it is high time to start planning on getting one. With the coverage that such policies provide, you can rest assured knowing that you can get the best medical treatment without having to worry about the finances. Now, when it comes to buying a health insurance policy, there are many options out there. Numerous insurance companies will start calling you and try selling their products. But how do you know which insurer to go with? Do not worry too much about this. In order to find a good insurer that can provide the best health insurance policy, you need to keep a few things in m...

  We always want the best in life for those we hold dear. This 2021, secure your family members by buying Family Health Insurance coverage for them. Let them have access to the best in medical treatment when the need arises. These days, the costs of healthcare are on the rise. Even the most minor day care procedures can run into several thousand rupees and drain out your savings. Now, if you are responsible for many dependents, you might need to figure in each of their individual needs from health insurance. Generally, your dependents may include your spouse, children, senior parents and parents-in-law. The best way to secure all of your loved ones is by taking a family floater health insurance plan. Let’s look closely at what kind of protection you can expect from a family floater health insurance plan and why this coverage is truly essential. What is a family floater health insurance plan? A family floater health insurance plan is an insurance product that offers medical c...

  When buying health insurance, you might have come across the term ‘waiting period’. Have you ever wondered what is meant by ‘waiting period’ in your Health Insurance Online ? Also, did you know that there is more than just one type of waiting period? In this article, we will shed some light on what is meant by waiting period in your coverage and also take you through the various types of waiting periods. Let’s get started!   What is waiting period in health insurance? The waiting period is a period that you have to ‘wait out’ before being able to make claims on your health insurance plan. The extent of the waiting period can vary between insurance companies.  There are different types of waiting periods which we will look at in the next section of this article. What are the different types of waiting periods in health insurance? In a health insurance plan, you will mainly come across 3 types of waiting periods: 1.      Initial waiting period upon pu...

  Ill health is something that we all often make the mistake of associating only with age. Childhood is associated with health and energy and hardly with disease. Many parents thus make the mistake of skipping out on even considering their children for Online Health Insurance coverage. That can prove to be a huge mistake! Children too can fall ill due to numerous reasons. From dengue fever to malaria and more, there are so many diseases that can affect anyone irrespective of their age. Moreover, children are still developing and their immune systems are not yet at full strength. So, why should your children stay without adequate coverage. Remember that if your child gets hospitalised, you can incur a really heavy medical bill.   How to get health insurance for children? The best way to get coverage for your child is by including him/her in a family floater health insurance plan. Family health insurance plans generally cover children only after 90 days from birth. Then...