Health insurance is a cornerstone of financial planning. It is a necessary financial protection for every individual and family as it covers unexpected medical expenses that could otherwise strain their finances. While making this crucial decision, you must rationally consider needs and other factors to avail the right health insurance coverage. Individual health insurance and […]
Articles Tagged: family health insurance
What is the Difference Between IPD and OPD in Health Insurance Policy?
Overview: IPD vs OPD in Health Insurance IPD (In‑Patient Department) covers medical treatment requiring hospital admission for 24 hours or more, such as surgeries, childbirth, intensive care, and recovery stays . OPD (Out‑Patient Department) covers consultations, diagnostics, minor procedures, medications, and other routine care that does not require overnight hospitalization . Key distinctions: Duration: OPD = same-day visit; […]
17 Types of Government Health Insurance Schemes in India
The government health insurance schemes in India are medical insurance plans, which are affordable and can be accessed across all states and the rural regions in the country. In this article, we will discuss the 17 important schemes to consider which are usually offered on an annual basis. Various Government Health Insurance Schemes in India 1. Pradhan […]
How much insurance is needed for a healthy 31-yr-old bachelor?
The right level of sum assured depends largely on where you live and are likely to get hospitalized. The most expensive are the ‘luxury hospitals’ in metros, and the costs increase as you go to smaller towns. Even within the same hospital, the cost of a surgery could vary by 30 to 40% depending on […]
Are OPD and consultation covered in Family Health Insurance Plans?
How often do we need to go to the hospital? Not very often, especially so if you are in the pink of health. Despite all precautions, you may, however, end up visiting your doctor for consultation as part of a routine checkup or for minor medical illnesses, etc. Such consultations generally do not require hospitalization, […]
You can challenge the rejection of a health insurance claim
Published in Mint on Aug 23 2016, Written by Abhishek Bondia Reports from the pre-issuance medical test and doctors’ consultation are expected to identify pre-existing ailments My mother, 52, has been diabetic for the past 5-6 years. She has a family floater health insurance and I am the sponsor. Her condition was declared at the […]
Standard fire policy covers a house and its contents
Published in Mint on Aug 9 2016, Written by Abhishek Bondia Can I insure the furnishings of my new house? How does it work? —Monisha Burman Yes, you can insure the furnishings of your new house under your home insurance policy. The standard fire and special perils policy covers the building as well as its […]
Making A Claim Under Health Insurance, Keep These Things In Mind
Health Insurance is a lifesaver protection plan. It keeps you solvent in the time of medical issues. As medical cost is shooting up, it becomes crucial to consider the smooth claim settlement process as a key factor while buying your health insurance policy. Always, check the settlement ratio of insurers in order for making a […]
Two To Tango
Published in Business Today on July 25, 2019 You have to have health insurance if you don’t want to strain your finances due to a medical exigency. You also need life insurance to provide financial security to your loved ones in case something were to happen to you. This involves studying the features of multiple policies. Many […]
Reimbursement vs Cashless Claim Settlement Process
Overview Health insurance claim settlement can be done in two ways—cashless and reimbursement. Both serve the same purpose of covering your medical expenses, but the process and convenience differ: ✅ Cashless Claim Settlement In this method, the insurer directly settles the hospital bill with the network hospital. The insured doesn’t need to pay upfront (except […]