Health Insurance Policy

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Experts break down how much cover young earners really need and how to strike the right balance so you don't overpay or, worse, stay underinsured when medical bills hit

ICICI Lombard, Care Health and Aditya Birla Health Insurance have lowered commission payouts on retail policies as GST on health premiums goes nil and ITC norms tighten

Policyholder grievances against health insurers jumped 21.7% in FY24, with Star Health leading by a wide margin, followed by CARE and Niva Bupa, Ombudsman data shows.

Last week, AHPI had directed member hospitals to suspend cashless services for Bajaj Allianz policyholders from September 1, citing unresolved disputes over tariffs with hospitals

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The industry has grown in scale and ambition, but outdated reporting norms are being replaced-backed by regulations and market pressure-for better transparency and lasting sustainability

The move is aimed at strengthening oversight of the portal and improving transparency in pricing and billing practices across the health insurance sector, Reuters reported

Treatment is supported in extreme cases; insurance system 'designed to fail': Expert

Unlimited health insurance is beneficial but not enough; policyholders must opt for plans with recharge, cumulative bonus and super top-up features to beat medical inflation

DFS Secretary urges insurers to improve claims processing in order to reduce customer inconvenience

Galaxy Health Insurance Company Ltd has targeted Rs 200 crore premium income during the current financial year as it aims to deepen penetration into the domestic market, a top official said. The company which received the IRDAI approval last year has 60 offices in operation in Southern states and 6,000 agents under its fold, company Managing Director and CEO G Srinivasan said. Galaxy Health Insurance is relatively a new entrant in the private sector insurance market backed by renowned industrialist Venu Srinivasan, the Chairman Emeritus of TVS Motor Company and Sundaram-Clayton and V Jagannathan who founded the Star Health and Allied Insurance Company Ltd. In an interaction with PTI, Srinivasan who has been at the helm of various insurance organisations including United India, said his company has drawn up plans to 'penetrate deep into the market' and has targeted to take the overall number of office locations to 100 from the current 60. "Last year the premium was Rs 17 crore. This

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Diabetes cannot prevent you from getting a policy. You must disclose it as a pre-existing illness, but insurers cannot deny cover solely on this basis

Multi-year health policies have now expanded to offer coverage up to five years, giving policyholders a longer period of stability

Company launches three variants of a policy that provide unlimited teleconsultation with a general physician and rewards for completing health activities under the Healthy Life Management Program

A medical cover may handle medical expenses but does not provide for the temporary or permanent loss of income during the recovery period and after, and expenditures such as travel costs

A list of top health insurance plans and their annual premiums to help you make an informed decision

Health policies with copayment provisions tend to be more affordable since they lessen the insurer's responsibility by splitting losses between the insured and the insurer