Senior citizen health insurance plans are restrictive. Read on to find out how
Co-payment is typically a mandatory feature in all senior citizens health insurance plans. Before buying, get clarity on the applicability of co-payment.
Secure your health and wealth through medical insurance
Buying medical insurance at an early age helped Praveen Shroff meet medical exigencie...
Co-pay terms eased for group health insurance policies
In a letter to the four state-run companies, the ministry has said that acquisition cost should be reduced to 5% on group health segment, irrespective of the claim ratio.
Co-payment may suit both insurer and you
If you are a healthy person, it makes sense to opt for a co-payment policy as your premium outgo would be much less.
Co-pay is the portion of a claim that a policyholder agrees to bear
Many health insurance companies today are choosing to introduce a co-payment clause in their policies in an attempt to keep a tight lid on their claims outgo.
Employers concerned about healthcare costs, parental coverage a casualty: Survey
"Critical illnesses incidence rates increased by 65% in the last three years; the maximum increment is experienced in younger age bracket of 26-35 years," the report observed.
How to choose health insurance in times of coronavirus pandemic
Times may seem bleak, but this too shall pass, and when it does, we will need to get ready for life to return to normalcy. Part of this normalcy will be finances, and for life to move on, it's crucial to make sure savings have not been eaten away through avoidable medical expenses.
Health insurance claims not contestable after 8 years of premium payment: Irdai
Health insurance companies will not be allowed to contest claims once the premium has been paid for a continuous period of eight years, regulator Irdai said in a fresh set of guidelines.
Coronavirus health cover available but yet to kick in
The need for insurance against coronavirus will arise where public healthcare is unable to cope or the government refers cases to private hospitals. Until then, testing for the virus, treatment and food are free of cost at government hospitals.
Will Arogya Sanjeevani take care of all your health insurance needs? Here are its pros and cons
AS is a basic health plan that offers a limited cover of Rs 1-5 lakh for one year, with the annual premium ranging from Rs 4,000 to Rs 7,500. It can be bought as an individual or a family floater plan.
How senior citizens aged over 65 years can get optimal health insurance at reasonable cost
The new plan, Arogya Sanjeevani Policy, will not serve the purpose of those above the age of 65 or those who need a larger insurance cover. The cover is capped at Rs 5 lakh. Thus, it’s time to explore some options.
Pandemic triggers big swings in prescription drug use
Express Scripts, a top prescription benefit manager with over 100 million customers, saw big jumps in people getting three-month refills via mail delivery, as people with chronic health problems stocked up early in the crisis. Refills jumped 18 per cent between mid-March and mid-April.
How much and what type of health insurance policy you need for different life stages
The need for health insurance changes from youth to old age depending on one’s lifestyle and genetics. ET Wealth tells you how much and what type of health plans you should have as protection against poor health through various stages of life.
I have achieved my money goal but wish to diversify my portfolio and save more tax. How do I do that?
While choosing a health insurance policy, check for exclusions, claim settlement ratio, and copayment option. Depending on the city and premium paying capacity, you should consider a cover of Rs 10– Rs 20 lakh each.
What is Arogya Sanjeevani health insurance policy?
Though all companies will launch the policy, it will be called the Arogya Sanjeevani Policy followed by the name of the respective insurance companies. Since there is also 5 percent co-pay for all ages, the premium is expected to be low.
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