5 Mistakes To Avoid When Buying Health Insurance

A single hospitalization that stretches more than a week is usually enough to wipe your savings clean. The only way by which you can receive the best in medical care while also protecting your hard-earned money is by opting in for health insurance. Indeed, health insurance holistically protects your physical, mental, and financial well-being. Now, buying health insurance for the first time can be a bit confusing. While reading the fine print, you may come across several terms that might seem alien to you. You might feel tempted to just skip the jargon; however, doing that would leave you with incomplete information. And, that is not ideal when buying something as important as health insurance. Two of the most common terms in healthcare and health insurance that are often the subject of confusion are day care procedures and OPD. In this article, we aim to help you understand the differences between these two terms in healthcare and how your insurance covers them.  Day Care Proc...

COVID 19 brought the world to a standstill in 2020. Even though lockdowns were enforced in an effort to curb the spread of infection, healthcare systems still were overburdened with cases. Attention was also drawn to the fact that most people lacked health insurance coverage. This gap in insurance saw many exhaust their hard-earned savings while receiving treatment for COVID 19. In an effort to ensure that everyone can get insured against COVID 19, the IRDAI asked all insurance companies to launch standard, short-term health insurance products for coverage against COVID 19. All insurance providers will have the same names and features for these products as set by the IRDAI. This uniformity will ensure that people can buy coverage with minimal confusion in these difficult times. The two policies thus launched are the Corona Kavach Policy and Corona Rakshak Policy. Let’s take a quick look at the main differences between these health insurance products from the IRDAI: 1.  ...

It is hardly a secret that medical emergencies pop up unannounced. And, if funds are low and treatment costs are high, you might find yourself in dire straits. Now, fortunately there is one solution out of this situation. That solution can be spelt out in two words – health insurance. Health insurance is so important that it should ideally be on your list of financial milestones. It is a milestone literally for from the day you purchase health coverage, you can rest easy knowing that your insurance will back you up when you fall ill and need treatment. Now, it won’t suffice to just pick up the first health insurance policy that comes your way. Your health coverage should ideally consist of a portfolio of different health insurance products that each serve their purpose in helping you financially tide over a medical crisis. Read on to know learn about the 3 insurance policies that should form a part of your health insurance portfolio. 1.     Individual health insuran...

Hectic work schedules, sedentary routines, and incorrect eating habits have all given rise to many lifestyle diseases. And as we all know, falling ill these days can cost you a fortune. Luckily, health insurance can back us up when we need medical treatment. A good health insurance policy can cover costs incurred for hospitalisation, pre- and post-hospitalisation care, ambulance charges, and day care procedures, among other things. This wide scope of coverage can truly protect your hard-earned savings. Else, a single week in the hospital can wipe your bank account clean. Now, when it comes to our health, we each have unique needs. This also means that we might have varying requirements of coverage in health insurance. There cannot be a ‘one-size-fits-all’ approach. Thus, health insurance companies offer certain add-ons or riders that can be purchased along with a health insurance policy. These added benefits help customize your coverage just as you need it. In this article, we take ...

Medical expenses are quite expensive in today’s time. These expenses will keep on rising with inflation, and this could get really difficult for those who require medical treatment. This is why every one of us needs to be covered with a health insurance plan. Now, there are some who complain that health insurance plans are expensive. While this may be true with regards to certain policies, it does not mean you cannot afford such a plan. With a few effective ways, you can bring down the premium of your health insurance plan. In this blog, we take a look at 5 tips that will help you lower the premium of your health insurance plan: Compare different health insurance plans online Health insurance companies are taking the digital route to reach deep into India. Every insurance company has an internet presence to offer its services to the remotest parts of India. They offer a lot of affordable health insurance plans online. Compare various health insurance plans that you come acros...

Getting a senior citizen health insurance policy is a must in today’s time. The lifestyle of many of us in the cities has saturated to a level that fitness is a privilege that only some have. Others have to make peace with the rug-tug of their stretched lives. This can be changed though. If you get all-around health insurance for yourself and let a tinge of exercise daily soothe your life, you can bye-bye to your worry of chronic illnesses. To help you get the best value out of your senior citizen health insurance policy, we have come up with this blog. Get a high assured sum policy The assured sum of a senior citizen healthinsurance policy determines the total financial help you can get from it. The policy premium rate depends on the assured sum. Select the insured sum such that you can pay its premium consistently and is also enough to tide you out of a tough situation caused by your insured chronic or critical illness. Get coverage for all of potential critical illnesses Most ...

  The Arogya Sanjeevani Health Insurance policy is a new health insurance plan that has been launched by the IRDAI (Insurance Regulatory and Development Authority of India). The IRDAI has made it mandatory for all insurance companies to offer the Arogya Sanjeevani Health Insurance plan to their customers. In this article we will take a closer look at what the Arogya Sanjeevani policy is and who should buy it. Understanding Arogya Sanjeevani Health Insurance The Arogya Sanjeevani policy is a basic and easy to understand health insurance plan that covers: ·      Hospitalization costs including room rent, operational procedures, blood, surgical tools,doctors’ fees, etc. ·          Pre- and post-hospitalization expenses ·          Cataract surgery and dental treatment ·          Day care procedures ·      ...

An apple a day keeps the doctor away and illnesses at bay. It’s an age-old phrase that points to the importance of a good diet in keeping healthy and fit. However, despite your best efforts, illnesses can still strike, either due to old age or genetics. This is where a health insurance policy can be extremely helpful. It will help you cover all the medical expenses of your illness and ensure the road to recovery is void of any financial bumps. Therefore, if you do not already have a plan, you must get one today – even if you are currently in the pink of your health. This is because getting a medical insurance policy is affordable & hassle-free when you are young. On the other hand, as you get older, the chances of picking up a long-term medical condition such as diabetes, heart disease, high/low blood pressure is higher. If you do suffer from such an illness in the future, getting health insurance coverage can become difficult. You will be labelled as having a ‘pre-existing il...