Health Insurance Policy

Diabetes cannot prevent you from getting a policy. You must disclose it as a pre-existing illness, but insurers cannot deny cover solely on this basis

Multi-year health policies have now expanded to offer coverage up to five years, giving policyholders a longer period of stability

Company launches three variants of a policy that provide unlimited teleconsultation with a general physician and rewards for completing health activities under the Healthy Life Management Program

A medical cover may handle medical expenses but does not provide for the temporary or permanent loss of income during the recovery period and after, and expenditures such as travel costs

A list of top health insurance plans and their annual premiums to help you make an informed decision

Health policies with copayment provisions tend to be more affordable since they lessen the insurer's responsibility by splitting losses between the insured and the insurer

The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'. Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license, change in investment regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products, sources said. The move will enable the entry of differentiated insurance companies like in the banking sector. The banking sector is currently categorised as universal bank, small finance bank, and payments bank. The provision of composite licenses would allow life insurers to underwrite health insurance or general insurance policies. As per the provisions of the Insurance Act, 1938, life insurers can only offer life insurance covers, while general insurers can offer non-insurance products like health, motor, fire, .

Starting early not only helps you secure lower premiums but also ensures you have comprehensive coverage when you need it most

.

Nilesh Agarwal, Head of Business, PhonePe Insurance Broking Services

Hospitals will be able to submit claims electronically, reducing paperwork and speeding up approvals.

With a view to widen the market and foster adequate protection from healthcare expenses, insurance regulator IRDAI has removed the age limit of 65 years for individuals buying health insurance policies. This marks a significant departure from the conventional constraints that limited individuals in securing comprehensive coverage. By abolishing the maximum age restriction on purchasing health insurance plans, the Insurance Regulatory and Development Authority of India (IRDAI) aims to foster a more inclusive and accessible healthcare ecosystem, ensuring adequate protection against unforeseen medical expenses. As per the earlier guidelines, individuals were allowed to purchase a new insurance policy only till the age of 65. However, with the recent amendment, which has been effective from April 1, anyone, regardless of age, is eligible to buy a new health insurance policy. In a recent gazette notification, IRDAI said, "insurers shall ensure that they offer health insurance products t

Seniors are leading the charge for affordable health insurance. A staggering 34% of those choosing cost-effective plans fall within the 55+ age bracket

Th free look-in period is a valuable tool that empowers you to make informed decisions about your health insurance. Use it wisely to ensure you choose a plan that best protects you and your family.

This initiative, spearheaded by the General Insurance Council, aims to simplify claims processing, mitigate fraud, and bolster overall industry trust

President of NCDRC, Justice Amreshwar Prasap Sahi, said that some district forums have innovated and ordered insurance cos to clear claims even when hospitalisation was less than 24 hrs

Gen Z & Millennials have claimed to be suffering trom higher proportion of Anxiety. Lack of Stamina, Obesity etc. are ailments that higher % o Gen Z have claimed to be suffering.

Fifty-six per cent of companies offer maternity benefits, while less than one per cent of companies offer holistic cover for people with disabilities and 60% of companies offer new age insurance

To address the rising cost of medical expenses, and to offer respite for senior citizens after a medical episode, Tata AIG has introduced the plan, which is customised to meet the diverse healthcare

These plans have limited sum insured, come with a waiting period, and require co-payment