The evolving healthcare system and the insurance industry have revolutionised how health insurance claims work. Gone are the days when you had to deal with a lot of paperwork and hospital bills to settle claims. Now, a single card that fits in your wallet can unlock health records instantly and help you avail of cashless […]
Articles Tagged: health insurance
Health Insurance for Individuals vs. Families: What is Best for You?
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 […]
How to Save Money When Buying Insurance?
Insurance is a vital financial tool that provides peace of mind and protection against unexpected events. Be it any insurance type, it is essential to save money on insurance, as it helps you balance financial protection and affordability. Saving money when purchasing insurance involves understanding your needs, researching, and exploring options to reduce premiums. Saving […]
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; […]
Difference Between Insurance Policy and Consequential Loss Policy
Overview Difference Between Insurance Policy and Consequential Loss Policy An insurance policy typically covers direct losses or damages to physical assets such as buildings, machinery, or inventory. In contrast, a consequential loss policy, also known as a business interruption policy, protects against financial losses arising indirectly due to an insured event — such as loss […]
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 Types of government health insurance schemes to consider which are usually offered on an annual basis. Various Government Health […]
What is a Term and Health Insurance combo plan?
In today’s world full of uncertainties, insurance is a crucial aspect of your solid financial plan. Term insurance and health insurance are the two main essential insurance coverages that every individual must have. Without this comprehensive financial protection, one cannot ensure peace of mind. Securing the financial future of dependent family members and having a […]
What is Micro Health Insurance in India?
Micro Health Insurance in India As of 2021, India has a rural population of 64.61%. Though the country is witnessing the digital revolution, insurance has still not taken a deep root in rural areas for a variety of reasons, and one of them is low income. Micro health insurance is a great way to reach […]
Which Insurance you should take for protection during monsoon?
With monsoon on the dock, it is that time of the year when we encounter flood, humidity, and damage to our assets. Slips and falls whilst on our bikes become more common. Of course, one can not rule out the runny nose, malaria, dengue, other mosquito-led diseases, and other water-borne illnesses. There are many risks […]
Are the wellness benefits that come bundled with health insurance covers worthwhile?
The real cost to insurers is low. Not surprisingly, the impact achieved is low too Published in MoneyControl, JANUARY 06, 2021 || Written By – ABHISHEK BONDIA Last week, one of our clients called to inquire about the complementary health check-up bundled with her health insurance plan. Otherwise healthy, her doctor had advised a battery of diagnostic […]