As a health insurance policy buyer, it is essential to be aware of certain expenses that the IRDAI has classified as non-medical expenses which are to be borne by the insured. Knowing these expenses will ensure a smooth and hassle-free claim settlement experience.
The Insurance Regulatory and Development Authority of India (IRDAI) 2016 defined the ‘newborn’ category as a child aged between day one and day 90. It is crucial to add your newborn baby to your health insurance plan to provide quality health care to your newborn baby or buy yourself a health insurance plan.
Planning and buying a health insurance plan that caters to your needs and requirements is essential. Read the blog to know how an indemnity health plan works and if you should get one for yourself!
Many health insurance plans started incorporating mental health coverage, recognising the overlooked significance of mental well-being. According to the National Mental Health Programme (NMHP) estimate, 6-7% of the Indian population suffers from a mental disorder. The addition of mental health coverage in health insurance policies provides multiple purposes.
It is essential to live a healthy life to prevent getting sick. This means eating well, getting enough sleep (around 7-8 hours), and exercising regularly. However, some individuals don’t have the option to make these choices as they are born with congenital diseases. This raises the question of whether health insurance plans in India cover congenital diseases.
Medical expenses can cause significant financial and emotional strain, but health insurance can help alleviate these burdens. As the costs of medical services continue to rise, even a minor illness or injury can significantly impact one’s finances.
Individuals interested in undergoing limb lengthening or height-increasing surgery in India can significantly reduce their expenses by up to 30-40%. Limb lengthening surgery is cheaper in the US than in the UK.
Buying Health Insurance policy at an early age has numerous benefits like less premium, no pre-medical check-up, wellness benefits, overcome waiting period, etc.
Overview Planning to buy a Health Insurance policy from your Health Insurance company is a good idea. A few people may find it difficult in buying the right policy for themselves and their family, and a few other people buy a random policy which may not suit their requirements. How much Health Insurance is required for …
How Much Health Insurance coverage do You Need in India? Read More »
When the insurance contract includes a provision for waiving co-payment, the policyholder is not obligated to make any co-payment. It has been observed that policies with a waiver of coinsurance clauses may have higher insurance premiums than the standard premiums.
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