Published in Livemint. Max Healthcare has de-empanelled Max Bupa Health Insurance Co. Ltd from its chain of hospitals, leaving policyholders in a fix as they will not be able to avail the cashless claims facility. Max Bupa is a joint venture between True North, an Indian private equity firm and UK-based healthcare services firm Bupa. […]
Articles Tagged: health insurance
How we rated health insurance
Published in Mint on 17th January 2014, Written by Kapil Mehta In July 2013, after Mint had published the first health insurance rating, I received a call from an angry public relations executive of an insurer. “Why have you rated our product low?” he demanded. I pointed him to the rating criteria that were published, […]
Insurance companies to offer standard covid-19 health policies from 10 July
Published in Livemint. After much deliberation, the Insurance Regulatory and Development Authority of India (Irdai) on Friday published the guidelines for the covid-19 standard benefit-based and the covid-19 standard indemnity health policies. All life, general and standalone health insurance companies have been encouraged to offer the benefit-based policy, while all health and general insurance companies […]
Don’t hide any fact from insurer while filling proposal form
Published in Mint on Jan 14 2014, written by Kapil Mehta How long does it usually take for the insurer to pay claims that happen due to critical illness? —P. Chandra The insurance regulator requires insurers to settle claims within 30 days of receiving the required documents and clarifications. Payment time for critical illness is similar […]
Insurance companies can now sell short-term covid-19 health plans
Published in Livemint In a bid to offer better coverage to policyholders amid the covid-19 pandemic, the Insurance Regulatory and Development Authority of India (Irdai) has sent out draft guidelines to all general and health insurance companies, mandating them to offer standard indemnity and fixed-benefit plans for covid-19. Life and general insurers have also been […]
In case of a job loss do check if your company gives you a personal health policy
Published in Moneycontrol Apart from the loss of income and trauma, one of the biggest side effects of losing a job is the loss of health insurance benefits. The going has been tough for many salaried employees across sectors owing to the novel Coronavirus Disease-induced (COVID-19) nationwide lockdown. Many corporates have handed out pay cuts, […]
Term covers pay death benefit even if you are outside India
Published in Mint, September 10, 2013, Written by Kapil Mehta I am 35 years old and run my own company. I am out of the country for at least five months in a year. What kind of cover is advisable for me? Also, if any mishap occurs, will the cover support me when I am […]
Standalone Critical Illness Plans – a Comparison
Insurer Diseases Insured (number) Maximum Sum Assured (Rs lakhs) Maximum entry age (years) Renewability Pre-existing disease exclusion (years) Survival Period (days) Premium for Rs 5 lakhs sum assured for a 40 year old ICICI Lombard 9 12 45 50 Always excluded Survival not required 2496 HDFC Ergo – Silver Plan 8 10 45 Lifelong Not […]
The simple insurance plan that is complex
Published in mint on 29th May, 2017. Insurance Regulatory and Development Authority of India (Irdai) has taken many steps to increase the distribution footprint of insurance products in India. And in order to get more feet on the street, the regulator has allowed the industry to make use of point of sales persons (PoSPs). PoSPs […]
You may include in-laws in family floater plans but not domestic helps
Published in Mint on 28th May 2017. Written by Abhishek Bondia Can I buy a family floater medical insurance policy for my wife, children, and parents as well as my in-laws? I live in Ghaziabad and as my wife is an only child, I share the responsibility of her parents as well. Also, for the […]