Health Insurance

ICICI Prudential Life insurance has many products that help in providing life insurance benefits to the residents of India. Some of these plans provide coverage for the individual as well as their family members.

The Corona Kavach policy comes with a minimal waiting period of 15 days. 

Some of the common inclusions of health insurance plans in India are

Senior citizen’s Mediclaim policies come with a range of benefits for the elderly. These help to cover the expenses related to hospitalisation, surgery, critical illness-related expenditure, accidents, pre-existing diseases, etc. If an individual opts for policy renewal then benefits can be availed till 80 years of age and these also offer lifetime renewal benefits. 

A maternity health insurance plan covers all the expenses related to childbirth up to a certain period (pre-and post-pregnancy). One can choose a standalone policy or get an add-on health insurance policy that has maternity cover. Here are some of the important aspects to note about eligibility criteria on maternity health insurance

Most health insurance policies are based on the principle of indemnity. In simple terms, these help to compensate the policyholder for an expense or a loss, as per the policy coverage. The maximum expense or loss that can be covered in a year is commonly known as the sum insured of the policy. 

The National Health Agency (NHA) which is the apex body implementing the scheme announced the launch of Ayushman Bharat scheme. For user friendly purposes, it has a  website and a helpline number to help prospective beneficiaries check if their name is there on the final list of the Ayushman Bharat scheme. 

Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) offers benefits to nearly 50 crore people in India and is the world's largest government sponsored healthcare program. The program is a poverty alleviation programme as its users are people with low income in India providing them with health coverage through a health insurance scheme which offers a cover of Rs. 5 lakhs per family.

If you are eligible for the PMJAY scheme, you can apply and get the PMJAY card online. This card can be used as proof to avail healthcare benefits in the future. This card is issued after verifying the identity of the beneficiary at the PMJAY center. This is done with the help of  identification documents such as a ration card or an Aadhaar card.

Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)  is a programme which was introduced by the Government of India to provide access to free healthcare for nearly 40% of people in the country. It ensures that the lower sections of the society, the poor and vulnerable population get proper health cover.

Opting for health care is a wise decision especially with the rising costs of medical care. Advancements in medical technology, steep rise in lifestyle diseases are some of the reasons why it has become difficult to handle the cost of medical care out of pocket.

Health insurance is one among the essentials required in today’s world. It also plays a key role in financial planning. Health insurances are beneficial as they have proven to be a major help during medical emergencies. But still there are some people who consider health insurance is either too expensive or unnecessary.

There are a variety of good and affordable health insurance plans in India. As of the current year 2020, we have narrowed the list of cheap health insurance policies in the country.

Generally, medically bills do not appear on credit reports. But in rare cases they can appear if you haven't paid it for at least 180 days. Here is where you have to be cautious because once the unpaid medical bill goes to collection then the collection will appear on your credit report and as usual it will continue having a long-term negative impact on your credit report. 

Coverage of Medical Expenses: When you have a valid medical insurance plan, the insurer takes care of your medical bills. The insurance company pays for medical procedures, inpatient charges, ambulance charges, up to a certain limit, depending on the coverage offered by your chosen health plan. 

Health insurance is a type of insurance plan that covers medical expenses. The expenses include doctor fees, surgery costs, hospitalisation costs, medicines, and much more. Health insurance is a type of insurance plan that covers medical expenses. The expenses include doctor fees, surgery costs, hospitalisation costs, medicines, and much more. Everyone wants to live a healthy and illness free life. Yet, no one can predict when an unfortunate illness may occur in the family. Nor can one predict the severity of the illness. Medical costs in India have risen sharply in the last few decades. Today, even a minor surgery costs around tens of thousands of rupees. Paying for medical treatments out of pocket places a huge financial strain and can even drain your entire life savings. This is where health insurance comes into the picture. Health insurance is a living benefit – it offers you financial assistance during times of dire need. When you purchase a health insurance plan, you generally pay an annual/monthly premium. The premium varies depending on the type of plan, coverage, and sum assured. During an illness or medical emergency, the insurer pays the cost of medical bills directly to the hospital or reimburses you for the expenses you have incurred. It’s highly beneficial to take a health insurance plan, when you are young and healthy, as the premium costs are low. Make sure to evaluate the different types of plans, compare health insurance providers and choose the best plan that fits you and your family’s needs.

This plan is designed to cover the medical costs of an individual. The insurance company pays for the medical bills of the policyholder. Also, known as a mediclaim plan, it’s the basic form of health insurance.