Some insurers may allow adding child to family floater health plan any time, otherwise do it at the time of renewal
The average senior citizen couple spends close to Rs 2 lakh on day-to-day health care expenditures every year
It is always advisable to buy a separate, personal health insurance policy that will provide protection to your family and you
Medical insurance for seniors comes with co-payment clauses, sub-limits, and waiting periods; buy the cover, but also build a health contingency fund
Watch out if the policy limits illnesses or the number of days of treatment
Metropolis, Dr Lal and Thyrocare are likely to see more gains led by expansion, increasing penetration, preventive testing and government's Ayushman Bharat scheme
This is the first time Softbank-backed Ola is entering the health insurance space
There is a provision for porting your existing health policy to another insurer, keeping the continuity benefits
The Insurance Regulatory and Development Authority's move is expected to give more flexibility to insurance companies
A look at some of these situations that should prompt you to have a relook at your health cover
Health policies are expensive, and may come with restrictions. But they protect savings from getting wiped out
Recent entrant Aditya Birla Health Insurance aims to beat competition by incentivising healthy lifestyle, expanding the domain beyond hospitalisation costs and leveraging the power of digital
These plans can, at a low cost, help you meet out-of-pocket expenses
A cover from an Indian insurer also offers additional features compared to plans sold by foreign universities
Combination of comprehensive health insurance and critical illness cover a must to meet healthcare needs
When buying a TU/STU, consider the insurer's brand strength, claim settlement ratio, and product features
Comparing insurers on parameters like incurred claims ratio and claim settlement ratio can help you make a better choice
The premium costs 4-22% of the sum insured, and covers cats and dogs
With the IRDAI committee making significant recommendations, customers are likely to benefit
Customers will have a better idea of what they are covered for, and there will be less scope for arbitrary rejection of claims