If taken now, these insurance covers can go a long way in making yourself pandemic-proof and worry-free
Post October 1, health insurance premiums have seen sharp increases in some cases. Porting to other insurers or switching to tailor-made policies could help keep a lid on premiums.
Always have an easily accessible contingency fund and if possible a credit card handy to sail through such situations
Insurance policies generally do not reimburse expenses incurred for observation purpose
In this edition of the Explained series, find out all the details about the new colour-coded health insurance system.
Your health insurance policies are set to change. Standardisation of exclusions and definitions will reduce ambiguities and disputes
The revised policies will mean cover for more illnesses and procedures at affordable prices
Insurers have introduced new products or modified existing ones in line with the current context
These insurance plans hand out a pre-fixed amount upon diagnosis of certain dreaded diseases
The claims are mainly for treatments of cancer, dialysis, cataract surgeries and cardiac ailments
It takes aggregate claims made during the year into account
Unlike a corporate cover, an independent policy is ordinarily renewable for life
Explore health insurance options now, so that you focus on your health and not the costs if someone were to fall sick
The National Digital Health Mission would change the way you deal with insurance companies
Launched in 2018, Ayushman Bharat is the Centre’s flagship health insurance scheme and covers around 53 crore beneficiaries.
Your health policy will pay for medicines and follow-up costs incurred up to 60-90 days after discharge from the hospital
Since health policies cover hospitalisation, out-of-pocket expenses on vaccinations typically do not make the cut, except under certain circumstances
While filling the application form, the details provided should be accurate in all respects
Evaluate insurers’ claim settlement ratios and cashless network of hospitals
You can switch to a personal, individual policy without having to serve the waiting period for pre-existing diseases all over again
You can claim hospital expenses through multiple insurance policies if individual covers, on their own, are inadequate
Before the outbreak of coronavirus pandemic in India only 10 percent of people were interested in buying health insurance to cover new age diseases, but now 71 percent people consider health insurance as a necessity to fight unforeseen pandemic like this, the survey said.
We have extended cashless facilities to over 90 per cent of the cases so far
The regulator has sternly asked insurers not to discriminate against medical professionals while processing insurance proposals
Insurers should proactively communicate with hospitals in advance to resolve any issues