In case of illness, households tilt slightly in favour of the public sector in seeking care compared to the private sector
Accumulated no-claim bonus and advantage of having crossed waiting period will be lost if you fail to pay your health insurance premium on time
If your insurer has hiked the premium rate excessively, consider porting
While insurers have witnessed a jump in health premiums over the last two years, their claims burden has also gone up.
There was a marginal increase of 0-5 per cent in group health insurance premiums
The claim cost could be 10 to 30 per cent cheaper when the insurance is bought from public sector insurers that have GIPSA rates compared to the service provided by private insurance firms, it said
Premium costs jump 10-15%, driven by large number of claim payouts during pandemic as well as factors such as rising healthcare costs
Paytm's app also offers access to public health services and Covid vaccines & booster registration, online medicine orders, doctor consultation, lab test booking and health insurance
It works with over 250 companies and covers employers with teams as compact as 10 employees.
At present, GST on health insurance services is levied at a standard rate of 18 per cent
Public sector insurers lodged Covid-19 related health insurance claims worth Rs 17,537 crore till December 2021 and more than 93 per cent of the cases were settled, Parliament was informed on Monday.
They need hand-holding on life and health insurance, and should not lean on social media influencers, who are often neither qualified nor regulated, say experts
When Covid was at its peak, some insurers had introduced a "cooling-off" period -- a duration during which consumers could not apply for a health insurance policy if they had contracted Covid.
Around 54 per cent customers in tier 1 cities, 18 per cent in tier 2 cities, and 28 per cent in tier 3 cities ported to a higher health cover
Don't bet excessively on gold based on its recent rally as an early end to the Russia-Ukraine war could bring it to a halt
Here's how the health insurance premium rates offered by various companies stack up
Group premiums grew 30% against 17% growth in retail segment
To make use of Section 80DDB deduction, get a specialist's certification
Healthcare providers suggest that the Union government bring in a favourable policy in the upcoming Union Budget to encourage all Indians to opt for health insurance
As claims burden drops, life insurers hold enough reserves, cushioning balance sheet against risk