Page 35 - Health Insurance

Health policies: Customers should reveal any pre-existing diseases

This is the only way to ensure that the insurer does not reject claims

Justify why no insurance cover for congenital anomalies: HC to Irdai

Congenital anomalies are also known as birth defects

Those at high risk of a heart ailment can now buy a health cover for it

These policies come in handy, albeit at a higher cost, if you have a pre-existing ailment

Buying health insurance? Here are things that you need to keep in mind

Take into account medical history, city of residence, and lifestyle when deciding on your initial health insurance amount

Buying insurance isn't enough. You need to build separate healthcare corpus

To build a corpus for health-related needs, adopt a systematic investment approach

Can't deny claims without proof

The State Commission observed that insurance is a contract requiring good faith. And the insurer's stand was based on a handwritten note without authentication

Health insurance: Mental illness to be treated on par with physical ailment

After the current wave of reforms, expect your policy to cover more diseases, but your premiums will rise too

Irdai allows inclusion of 10 more insurers for medical treatments

The Irdai has also deleted a few procedures in the circular

Current policies to be extended to cover mental illnesses as well: Irdai

Insurers say they will have to study the available data to work out by how much premiums will have to go up to be able to cover mental illnesses as well

Start including mental illness in your health covers: Irdai to insurers

According to the Mental Healthcare Act-2017, every person with mental illness shall be treated as equal to persons with physical illness in the provision of all healthcare

If health policy covers you globally, no need to buy separate travel policy

In case the global cover is not adequate it might be appropriate to top it up with a short-term travel policy

These health policies are specifically designed for treatment abroad

These covers come with a high sum insured and high premium; Most do not cover treatment in US or Canada, though some will charge a premium for inclusion of these countries

Low risk awareness, affordability deter health insurance growth: Irda Chief

The health insurance industry has seen an average growth of 16 per cent cumulatively over the last 4-5 years

You may have to pay extra for health insurance covering treatment abroad

The insured may need to pay extra premium for treatment in the US. There is also co-payment of up to 20%

Health insurance cover: Restore option or higher sum assured?

Restore option doubles your sum assured, in case you need it but comes with its own set of restrictions

Why disclosing pre-existing diseases to your health insurers pays

It helps the insurer to understand the nature of risk it is taking and minimises the possibility of claim rejection

Mediclaim policy: A numbers-driven approach to buying health insurance

Instead of getting confused by the spiel of agents, use parameters like waiting period, claim-settlement ratio and price comparison to make the right choice

Insurers offering cashless benefits for OPD, diagnostics at lower premiums

Before you buy a plan, check if you can make full use of it. Most don't even exhaust the entire benefit, says expert

Opt for a personal accident policy, not rider

The policy offers more comprehensive coverage than a rider for varying levels of injury and disability caused by accidents

Health insurance is too costly, remains limited in India: Report

Insurers have been working tirelessly to expand coverage and distribution, leveraging newer distribution models and technology