Health insurance is an important necessity that provides coverage for hospitalisation and other related expenses in case of medical emergencies. When you select a health insurance plan, it is important to understand two important terms of medical services – OPD and IPD. OPD covers day-to-day healthcare needs like doctor consultations, minor treatments, and diagnostic tests […]
Articles Tagged: individual insurance
Individual life insurance is relatively more economical than joint life plans
Published in Mint on Nov 25, 2016, Written by Abhishek Bondia I want to extend my life insurance coverage to include my wife. Should I go for it or would it just be better to get another plan instead? —Atul Shandilya Yes, you should get a separate plan for your wife. There are limited options […]
You can use a single e-insurance account to hold all your policies
Published in Mint on Sep 29 2016, Written by Abhishek Bondia Can a policyholder have multiple e-insurance accounts if he has insurance policies issued by various insurers? —Nitin Sharma Every investor should have only a single e-insurance account. Using one account, you can store multiple insurance policies issued across various insurers. The purpose of a […]
Standard fire policy covers a house and its contents
Published in Mint on Aug 9 2016, Written by Abhishek Bondia Can I insure the furnishings of my new house? How does it work? —Monisha Burman Yes, you can insure the furnishings of your new house under your home insurance policy. The standard fire and special perils policy covers the building as well as its […]
Participation in the Mint SecureNow Mediclaim ratings is not optional
The product options that are rated, have increased from 162 in 2013 to 423 this year Published in Mint Mon, Aug 1, 2016, written by Kapil Mehta The Mint SecureNow Mediclaim Ratings (MSMR) take an enormous effort to be put together. Over 10,000 pieces of information bits on health insurance are collated from public sources […]
Portability between insurers is allowed for individual products
Published in Mint on JUN 14 2016, Written by Abhishek Bondia I want to insure the interior furnishings of my office. What kind of insurance would be suitable? The structure of the office is already insured. —Keshav Sinha You should buy a standard fire and special perils policy. This policy will cover risks such as […]
Use investment products for right purposes
Published in Mint on Jun 13 2016 Every time there is a personal finance crisis, it can be easily traced to products that did not do what they were intended to do, or had no place in the individual’s portfolio given their needs and goals. While the focus of investors is always on selecting the […]
Most health policies cover cataract after a waiting period
Published in Mint on, May 07, 2013, Written by Kapil Mehta Could you tell me if there is a health insurance policy that covers delivery procedures at a private hospital? My wife is in her sixth month of pregnancy. —Ashish Insurers will cover risk or an event only if there is some uncertainty around the […]
Frequently asked questions related to Health Insurance?
Published in Mint on 30th Sept 2014, Written by Abhishek Bondia I am 30 years old and have a year-old daughter. My wife is a homemaker. What will be the right amount of health cover for my family? —S. Karuna At this young age, you have several options. Here is an approach to choosing the […]
Voluntary abortion is not covered under health insurance
What should I do if my health claim is rejected? —M. Chourasia An insurer has to clearly specify the reason for rejection and cite the specific clause under which the claim is rejected. In case you do not agree with the insurer’s interpretation, you can challenge it at multiple forums. Typically, my first port of […]