There are multiple types of health insurance plans available to provide for the various health-related expenses incurred by individuals. However, by buyer eligibility we can divide all plans into three broad classes: Group Health Insurance – Group Health Insurance refers to a policy that provides medical coverage to a group of individuals, typically employees of […]
Articles Tagged: health insurance
What should you consider while buying health insurance for senior citizens?
People who are looking for health insurance for their senior citizen parents, or senior citizens who want to buy health insurance for themselves, should consider the following points which will help them to buy the right policy: Age: Most health insurance companies offer policies for senior citizens, but they limit the entry age to 65. […]
How not to be rejected by a health insurance company
Published in Mint on 4 November 2015, Written by Kapil Mehta One would expect that with all the competition in insurance, insurers would queue up to sell to you. Unfortunately, that’s not true. The hardest part of buying health insurance is getting the insurer to issue you a policy. Most insurers are risk-averse and would […]
Are you a good insurance customer?
Published in Mint on Nov 03 2016, Written by Kapil Mehta Buying insurance is an intense process. You share intimate details on your health and income, subjecting yourself to scrutiny from insurers. When things go wrong in this process, the instinctive reaction is to blame the insurer or the salesperson. But customers are also at […]
Buy a separate mediclaim plan for senior citizen in the family
Published in Mint on Oct 20 2016, Written by Abhishek Bondia I wanted to buy a Rs10 lakh sum assured family health cover from a private insurer for myself, my wife and our 1-year-old son. But my father, who is about to retire next month, got to know that the Central Government Health Scheme (CGHS) […]
Insurers charge an extra premium equal to the out-patient department cover provided
Published in Mint on Oct 06, 2016, Written by Abhishek Bondia Is there any health coverage that covers medical tests as well, or is it only for hospitalization? I need to do medical tests on a regular basis due to diabetes. —Arjun Singh There are several health insurance plans that provide outpatient (OPD) coverage. Under […]
Mediclaim malfunction maladies
Published in Mint on Oct 04 2016. Did you know that you get different rates for the same surgery if you go as an uninsured person, or if you go with your own cover or if you go with a group cover? Rates vary across insurance firms as well. I had heard of it, but […]
Maternity cover is an add-on feature in health insurance policy; not all insurers offer it
Published in Mint on Sep 22 2016, Written by Abhishek Bondia I want to buy a health insurance policy. I am 36 years old. I underwent a procedure to remove kidney stones a couple of years ago. There are high chances of my application being rejected. What is the way out for me? —Jagadish Insurers […]
Taking the trick and trap out of insurance
Published in Mint on Sep 16 2015 Mint Money has always advised you to avoid traditional insurance policies that double up as investment products. This is primarily because of three reasons: high costs, opaque structures and poor investment returns from these policies. But if recommendations of the Sumit Bose committee are implemented, most of these […]
Why your domestic help must have insurance
Published in Mint on Sep 07 2016, Written by Kapil Mehta The building, in Delhi, where I stay has 11 residents with 15 supporting domestic staff consisting of full-time maids, drivers and security guards. Since there are about 400 homes in my locality this means our small colony alone has over 5,000 domestic staff. They […]