Published in Mint on 5th September, 2017 If you are a regular Mint Money reader, then you know some of the basics of buying health insurance. At Mint, we prefer health policies that are comprehensive and with no restrictions in the form of sub-limits, co-payments or disease-wise capping. In fact, the Mint SecureNow Mediclaim Ratings (MSMR) also […]
Articles Tagged: health insurance
New rules to protect policyholders
Published in Mint on 11th July, 2017 The Insurance Regulatory and Development Authority of India (Irdai) has notified new rules to protect policyholder’s interest. You can read the full notification here. While the regulations work towards ensuring that insurers settle all kinds of claims on time by defining the penalty on delays, there is much […]
It is not mandatory for you to have a driver’s licence to buy a motor insurance policy
Published in Mint on March 26, 2017, Written by Abhishek Bondia We have a vintage car in the family which is in the name of my grandfather. He is 78 years old and we will not allow him to renew his license to drive a car. We cannot sell the car and don’t want to […]
What is the difference between mediclaim and the 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 […]
Health insurance premium for parents is tax deductible
Published in Mint on 1st April 2014, Written by Kapil Mehta Does a comprehensive motor insurance policy cover towing charges? —Piyush The practice varies across insurance companies. Increasingly, insurers are picking up these costs and, in fact, even arrange for the tow. Some insurers put limits on the cost they will incur. For example, costs […]
AYUSH benefit in individual health insurance plans
In its health regulation, 2013, the Insurance Regulatory and Development Authority of India (IRDAI) asked individual health insurance companies to include AYUSH in their policies. (AYUSH stands for Ayurveda, yoga & naturopathy, Unani, Siddha, and homeopathy.) What this means is that insurance providers will reimburse medical expenses incurred on in-patient treatment under homeopathy, Ayurveda, Siddha, […]
Standard health products for vector-borne diseases can work as a supplementary cover
Published in Livemint. The Insurance Regulatory and Development Authority of India (Irdai) last week launched draft guidelines on standard health insurance products for vector-borne diseases such as dengue, malaria, kala-azar, chikungunya, and zika virus. The general and health insurers can offer one or a combination of diseases and can price a policy for every disease […]
If you want a high sum assured, you might not get insurance
Published in Mint on 28th January 2014, Written by Kapil Mehta What is the ideal duration for a life insurance policy? —Shikha I would recommend a term insurance until a person turns 65. That’s because most people retire by then. By 65, most would have created their financial assets and met family obligations. For investment-oriented […]
What Should You Know If You are Buying Health Insurance for Your Parents?
Given the current medical inflation, health insurance is a must-have cover for individuals at an advanced age, and if they happen to be your parents, the need of buying a senior citizen health insurance becomes more aggressive. So, What Should You Know If You are Buying Health Insurance for Your Parents? With age, not only […]
What happens if my hospitalisation continues beyond health insurance last date?
Health Insurance is easy to buy and it is the most essential insurance cover one should buy. Before buying health cover, one should know the technicalities of how the coverage works and under what types of scenario, you can apply for a claim. So what happens if hospitalisation continues beyond health insurance last date? In […]