Page 2 - Health Insurance Policy

Overall general insurance premium slip by 4% to Rs 23,550.2 crore in August

Overall the group health segment registered 14 per cent increase to Rs 3760.1 crore from Rs 3296.4 crore in August 2022 due to better coverage

Table explaining health insurance plans offered by various companies

Key features of schemes and their premium rates explained

Inflation biggest concern for Indians, only 6% sufficiently insured: study

To be sufficiently insured, experts believe that an insurance policy must provide 10 to 15 times the annual income of the household as coverage

Why India must put a premium on affordable healthcare for its citizens

Millions depend on health insurance. Comprehensive coverage for diseases and medical procedures ensures that policyholders pay only for what they need

Do health policies cover LASIK surgeries? Only if these conditions are met

Most insurance products in the market cover for LASIK surgeries when the refractory error power is => 7.5 dioptre.

Popular health insurance policies that cover OPD and doctor consultation

There are many health insurance policies in India that now offer OPD coverage as an in-built feature or can be bought as an add-on.

Relying solely on corporate health insurance plan can impact your finances

Supplement it with a retail plan with adequate sum insured, and no room rent or disease-wise capping

Unaffordable and complex: Why Indians stay away from health insurance

The study, titled 'How India Buys Insurance', reveals that high premiums are preventing individuals from obtaining insurance cover, or in some cases, adequate insurance coverage. benefits

India's average health insurance claim is Rs 42,000; 15% exceed Rs 100,000

Claim settlement rates are relatively high. Over 50% claims have 80% or higher claim settlement.

Ask for a benefit illustration of the 'tax-saving' plan you're being sold

Before investing in any tax-saving products, investors need to be aware of mis-selling strategies and must do their due diligence

Purchase policy only from an established insurance agent for good service

They offer good service and assist at claim stage; newbies have high turnover rates

HC asks Irdai to consult insurance firms about health cover for disabled

Court asked regulator and insurance companies to submit a status report before March 17, 2023

Irdai tonic for health insurance: A regulator for hospitals and doctors

By asking health insurers to access a national list of doctors, the regulator hopes to encourage them to offer more flexible policies outside of the hospital network

Irdai draft norms do away with specific caps on commissions to agents

Proposes that commissions to agents can't exceed management expense limit

Port and combine your base health policy with a top-up to prune cost

Features like recharge and guaranteed no-claim bonus enhance the cost-effectiveness of health insurance policies

Buy an adequate OPD cover to take care of mental health treatment

Most of these ailments are treated on outpatient basis, so just a hospitalisation cover won't suffice

Use technology to make insurance affordable, says Irdai chairman Panda

Panda also nudged the industry to come out with solutions that are pocket-friendly

Manipal Cigna seeks 30% growth in health insurance: CEO Prasun Sikdar

High claims for Covid-19 a challenge for the industry, says the senior executive

This Rakha Bandhan, gift your sister financial security: here are some tips

Here are some of the financial products a brother can gift to his sister on the occasion of Raksha Bandhan

City Union Bank, Shriram Gen Insurance tie up for distribution of products

Shriram will offer personal insurance products such as motor, personal accident, home and travel along with commercial ones such as property, marine and engineering to bank's customers