Health Insurance

Medical Emergencies always take us by surprise so it is always better to be safe than sorry and it is no different when it comes to Health Insurance.

Children are very important to parents. They are very lovable and bring in cheer wherever they go. Parents make great efforts to bring up their children. They take great care to do the best for their children in every aspect of life - Education, entertainment, lifestyle, food, and of course, the most important - health

From getting insufficient coverage to failing to disclose all relevant information; here are some common mistakes we all have to avoid while purchasing our health insurance policy

Rising healthcare costs are a major concern for everyone. With the massive increase in lifestyle-related diseases, hospitalizations seem to be inevitable for everyone. The increasing healthcare costs, weakened immunity and the vulnerability of elderly parents to their medical conditions can have a financial and emotional effect on the whole family.

Covid-19 has killed millions across the world and in India as well. For some, they have been lucky to survive the deadly infection, however, the nightmare for many is not over yet. There have been many reports of post-covid complications, including the deadly fungal infections that have followed the aftermath of the virus’s impact.

Many people go by the one health insurance plan for all medical requirements. However, this may not be a great idea. To ensure complete protection, one must have a critical illness cover for life-threatening illnesses. This is because regular health insurance plans do not cover major ailments. These health plans are often indemnity-based; hence, you have to claim each hospitalization to avail benefits.

The need for health insurance is more relevant than ever before. There’s a huge increase in the prevalence of lifestyle diseases and not to underestimate the associated medical costs. Rising medical costs can burn a hole in anyone’s pocket if not for health insurance.

A major illness could have a devastating impact on the patient and his/her family. It often translates into significant medical expenses and may leave the family struggling with daily finances.

An insurance claim is a challenging process for many as it involves dealing with the grief of the loss of a loved one or a medical emergency, as well as going through the hassle of umpteen paperwork which has to be submitted physically.

Arogya Sanjeevani is a newly designed health insurance policy which was launched by the IRDAI (Insurance Regulatory and Development Authority of India) on 1st April 2020. It is offered by most general insurance providers in India.

A lot of times, people struggle to pay for their hospitalization expenses due to a lack of insurance coverage. Many people often exhaust their savings or sell off their valuable assets to pay for hospitalization expenses. Healthcare treatment costs are growing exponentially by at least 15 per cent year on year. COVID-19 expenses are no less and can go upwards of Rs 5 lakh. This makes it important to have insurance cover.

With age, the human body becomes prone to diseases. Unhealthy lifestyle and junk-food consumption are some of the reasons why diseases are catching up so early. This is one of the root causes why health insurance policies have become increasingly important these days.

Arogya Sanjeevani policy is a new, standard health insurance policy set by the IRDAI effective from the 1st of April, 2020. It will be offered by most health insurance companies in India. This standard plan provides for a basic health insurance cover of between Rs. 1 lakh to Rs. 5 lakhs.

The life and property of an individual are surrounded by the risk of death, disability or destruction. These risks may result in financial losses. This is when insurance comes into the picture, as a way of managing risks.

With sky-rocketing medical costs – purchasing health insurance has become a basic necessity in today's lives. The cost of medical treatments – from minor ailments to critical illnesses – is steadily increasing across the country

An insurance plan can help safeguard your savings in times of any unfortunate incidents such as critical illness, accidents or any other disasters. You do not have to shell out a huge amount of money from your hard-earned savings.

Health care industry in India is one of the important sectors that is witnessing a rapid growth. Health insurance policies can be taken both for an individual and family members. It can safeguard your family from any unexpected illness, which might otherwise dig a deep hole in your pocket. While taking a health insurance policy, it’s important to note that the following benefits are available in the policy.

Retirement is an important phase of one's life. This is the stage where most of your responsibilities such as loans, education of children, and other liabilities should be taken care of so that you could spend your time relaxing doing what you like.