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Insurance
Under this policy, customers can purchase a rider wherein up to 12 months EMI or up to 3 percent of sum insured will be paid on diagnosis of a critical illness. This will come handy for customers who are unable to work due to an illness
The Government has proposed to widen the scope and reduce the threshold of various transactions to further include even white good purchases, property tax payment, medical and life insurance premium and even hotel payments.
Your health policy will pay for medicines and follow-up costs incurred up to 60-90 days after discharge from the hospital
The amount allocated towards emergencies should be sufficient to tide over a cash crunch and deal with contingencies
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
The two insurers are in talks for an all-stock merger deal, which is expected to be sealed soon
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.
