A critical illness plan is a fixed benefit plan. Under this plan, you are eligible for the prefixed sum assured once the diagnosis of the specified illness is confirmed. Since it is not an indemnity plan, the actual expenses incurred by the policyholder are irrelevant. However, a critical illness cover plan is not a substitute […]
Articles Tagged: critical illness cover
You can use a single e-insurance account to hold all your policies
Published in Mint on Sep 29 2016, Written by Abhishek Bondia Can a policyholder have multiple e-insurance accounts if he has insurance policies issued by various insurers? —Nitin Sharma Every investor should have only a single e-insurance account. Using one account, you can store multiple insurance policies issued across various insurers. The purpose of a […]
Doing the math: Choose the right healthcare cover
Published in livemint on 22 Jun 2019. Even as overall inflation continues to remain below 4%, the price rise in healthcare has seen doubledigit growth. While you can’t control the cost of healthcare, here’s the good news: You can insure yourself against illness and protect your savings from depleting by spending on a medical emergency. But before […]
What is the difference between mediclaim and health insurance?
Health insurance policies are usually called mediclaim policies because, in earlier years when the health insurance concept was new, there were few health insurance policies in the market. And they went by the name of mediclaim. See What is the difference between mediclaim and health insurance? Even today, when there are hundreds of health insurance […]
India’s best mediclaim plans
Published in Mint on 31st July, 2017. Suppose you are in the market for a health insurance policy. Do you know how much time you need to read through at least 60 policy documents? Assuming it takes an hour to read one brochure, it will take you 60 hours or little over a week to […]