Published in Mint on, Apr 02 2013, Written by Kapil Mehta I am 30 years old and want to buying a Rs.3 crore term cover. I found out that premiums of various companies vary considerably—from Rs.24,000 to close to Rs.1 lakh per year. Can you suggest a term cover with low premiums and where settlement […]
Articles Tagged: health insurance
Loss of car keys a reason for denial of burglary claim
Published in Mint on, Mar 12 2013, Written by Kapil Mehta I purchased my car two years ago. My insurance policy lapsed a month ago. However, the insurance company is not allowing me to renew the policy as there is a dent on the car. I had not claimed for the damage. Can the insurance […]
When do you get overseas health cover
Published in Mint on, Dec 25 2012, Written by Kapil Mehta I am getting married next year. Are there plans to cover weddings? If yes, what are these and where can I buy them from? —Remya My first reaction to your question was that the best wedding insurance is to find a spouse who will […]
Policies do not cover all the treatments done at hospitals
Published in Mint on 5th Aug 2014, Written by Abhishek Bondia Does a mediclaim cover any treatment done at a hospital? Or, are there some that are not covered? —Binu Ved Health policies are meant to cover treatments done at hospitals. However, all treatments done at hospitals are not automatically covered. Generally, those that are […]
Switch health insurance 45 days before the renewal date
Published in Mint on 19th Aug 2015, Written by Abhishek Bondia What is the best time to switch between health insurance policies? The one I have has many useful features but is too expensive. I think I can get similar features with a collection of policies at a lower cost. —Kasturi Bhanuj The best time […]
No-claim bonus from company’s name can be transferred to you
Published in Mint on 11th Nov 2014, Written by Abhishek Bondia I have a Rs. 1-lakh health insurance cover from a private sector insurer and want to increase my cover to at least Rs. 5 lakh. Is it better to stay with the same company or should I look for a new insurer? —Thomas Cherian […]
A newborn isn’t automatically covered under maternity policy
Published in Mint on 25th Nov 2014, Written by Abhishek Bondia Are newborns covered under maternity policies? What all does the insurer pay for in such policies and what are the exclusions? —Methali Most individual medical insurance plans have a minimum enrolment age of 91 days. So, newborns are not automatically covered. However, most individual […]
Professional indemnity cover premium depends on speciality
Published in Mint on 23rd Dec 2014, Written by Abhishek Bondia I might need a joint replacement surgery soon. Can I take an insurance policy to meet my surgery related expenses? —Vaibhav Ghosh Insurers will consider your joint replacement as a pre-existing ailment and exclude it for a few years. Many insurers also explicitly include […]
Some policies have 9 months waiting time for maternity costs
Published in Mint on 10th March 2015, Written by Abhishek Bondia Is the no-claim bonus discount transferable if I decide to shift insurers? —Pradyuman Sahay Yes, it is possible to transfer the benefit of your no-claim bonus in a portability case. The receiving insurer will give you the continuity benefit on the entire sum assured, […]
Can standardisation of exclusions in health insurance policies help customers?
Published in Mint on 31st July 2018. Malti Jaswal, chief operating officer, Health Insurance TPA of India Ltd Need to rationalise scope of exclusions One of the most contentious issues, which is also the reason for the highest number of grievances lodged by health insurance policyholders, pertains to “exclusions” under a health insurance contract. As more […]