Moneycontrol Securenow Health Insurance Ratings

Income tax return: Salaried employees who have been unable to claim tax deductions they are eligible for during financial year 2023-24 can still avail of these tax breaks at the time of filing income tax returns before July 31.

How Narayana Health’s Viren Shetty plans to deepen insurance penetration? By keeping patients out of the hospital

Narayana Health Hospital’s executive vice-chairman Viren Shetty says that health insurance in India is underpriced. It’s easy to buy a policy, but claims process is bad. Shetty wants to build trust between hospitals, insurance companies and policyholders. His solution? Merge the first two.

Demystifying cashless health insurance: How to prevent claim rejection

Failing to disclose pre-existing illnesses or lifestyle diseases such as hypertension or diabetes, room rent submits and so on are the most common causes of disputes between policyholders and insurers. Likewise, treatment at hospitals blacklisted by insurers, too, could lead to claim rejection.

How to claim pre- and post-hospitalisation expenses under health covers

Health insurance policies commonly cover costs for medical tests, consultations, and treatments incurred before hospital admission, as well as on follow-up care and medications after discharge. Typically, this coverage is for a period ranging from 30 to 90 days before and after hospitalisation.

How not disclosing pre-existing ailments can affect your claim, policy renewal

IRDAI’s new PED definition, shorter waiting and moratorium periods have made health insurance friendlier for health insurance policyholders since April 1, but It is best to be transparent while disclosing your health history in your health insurance proposal form.

Individual health cover along with corporate health cover more beneficial

Many employees bank solely on their employer-funded group health insurance covers. However, this is not a wise approach. It is best to have an independent cover in place for yourself and also, a separate one for your parents.

Raheja QBE - Health QuBE Comprehensive Plan: Good features, but the no-claim bonus could be better

The policy's claim settlement rate of 91 percent is good. However, the proportion of claims settled within 30 days is 72 percent. This is mediocre performance, and means that reimbursement claims can take longer to get settled. So, the policy’s track record reinforces the need to use cashless payments.

ManipalCigna – ProHealth Prime: Claims record, features, limitations and more

The plan offers several opportunities to earn discounts on renewal premiums. The insurer’s claims settlement rate is slightly lower compared to certain plans from some other companies.

Future Generali – Health Total: Claims settlement, benefits, restrictions, and more

The plan's solid overall performance and A-rated classification underscore its reliability and value, but policyholders should also take note of a relatively higher claims complaint rate (11.57 per 10,000 claims), compared to other A-rated plans.

Niva Bupa Reassure 2.0 (Bronze+) Health Insurance Plan: Eligibility, claims, benefits, and more

Although the plan provides extensive coverage with efficient claims processing and valuable benefits, it's crucial to carefully consider its drawbacks when comparing it to other available options.

Aditya Birla Active Fit Health Insurance: benefits, eligibility, claims and more

Activ Fit demonstrates good claims performance and comprehensive coverage, but the complaints rate, at 18.0 per 10,000 claims, is relatively higher compared to other A-rated plans.

HDFC ERGO Optima Secure health insurance plan: Benefits, eligibility, claims and more

The plan offers a comprehensive wellness package, and does not impose co-pay or room rent sub-limits. But there are certain limitations such as lack of OPD cover and a three-year waiting period for pre-existing diseases.

SC order | Standardisation of treatment rates will reduce undue charges, premium hikes: Bajaj Allianz CEO

On an alarming note, Bajaj Allianz CEO Tapan Singhel, who is also Chairman of the General Insurance Council, said the industry’s ‘Cashless Everywhere’ proposal has faced pockets of resistance from the hospital ecosystem.

Future Generali Health Absolute Insurance Plan: Benefits, Eligibility, Claim and more

Best health insurance policy by Moneycontrol - SecureNow Health Insurance ratings: The policy offers comprehensive coverage, but comes with certain restrictions, such as disease-wise sub-limits for treatment procedures such as cataracts and bariatric surgery.

Policy of the week: ICICI Lombard’s Health AdvantEdge Apex Plus

The product scores highly on claim parameters, features and hospital network, but prospective policyholders should study waiting periods for specific diseases and co-pay for policyholders from smaller towns who opt for treatment in bigger cities.

Moneycontrol-Securenow Health Insurance Ratings: Here’s how insurers fare on claim settlement

Bajaj Allianz, New India, HDFC Ergo, Iffco-Tokio, and Aditya Birla Health top Moneycontrol-Securenow Health Insurance Ratings’ claim settlement chart.

Standalone health insurers see more complaints than general insurers: Mumbai ombudsman

One of the reasons for higher number of complaints against standalone health insurers is that an increasing number of retail policies are now being sold by them - these companies command a larger market share in the retail health insurance segment compared to general insurers. In general, insurers often reject claims, citing non-disclosure of pre-existing diseases, but they also have to prove this by furnishing relevant treatment documents, says Mumbai and Guwahati insurance ombudsman Somnath Ghosh

Now, insurance ombudsman offices can adjudicate complaints up to Rs 50 lakh

However, industry-watchers believe even the enhanced limit is inadequate as many buy term insurance and critical illness covers of over Rs 50 lakh.

Suffering from diabetes or hypertension? Inform insurer before buying health insurance cover

Insurers can reject your claims, even if unrelated to the ailment, and cancel the policy if the illness is discovered later through medical or insurer’s investigations when one is hospitalised.

What Moneycontrol-SecureNow Health Insurance Ratings tell you

The ratings synthesise vast amounts of information into simple A, B and C ratings that you can relate to and use while choosing a health insurance product.

How to use Moneycontrol-SecureNow Health Insurance Ratings

Moneycontrol-SecureNow Health Insurance Ratings help you identify the best-rated health insurance products in the market according to price, products, features and claim settlement record

Moneycontrol-SecureNow Health Insurance Ratings: Know the methodology

Moneycontrol-SecureNow Health Insurance Ratings is a new tool that helps readers choose the best health insurance policy, depending on their age, budget and requirements. It sifts through almost 1,000 health insurance policies to rate and rank them based on pricing, features, and the fine print

Moneycontrol-SecureNow Health Insurance Ratings: How to pick the health insurance policy that really matters

A personal health insurance policy is a must in everyone’s portfolio because employer-provided cover is temporary – at its maximum, the policy is only valid till you retire or quit.

A health insurance policy that locks your premiums till you make a claim

Niva Bupa launches a health policy that allows you to carry forward your unutilised sum assured and locks your premium at the age you buy the policy

Why the claim experience differs between individual and group health plans

Individual health insurance policies can come with several complexities and challenges that can cause stress for policyholders during the claim process. Group policies tend to have less complexity and confusion.