Published in Livemint. More and more first-time buyers in the younger age brackets are opting for the monthly premium option when going for health insurance policies, the recent buying pattern on Policybazaar.com, an online marketplace for insurance, shows. The monthly premium option was introduced by the Insurance Regulatory and Development Authority of India (Irdai) in April to […]
Articles Tagged: Mediclaim
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 […]
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 […]
Protection decision comes before investment decision
Published in Mint on Jan 02 2016 Money conversations usually start and end with where to invest. But did you know that before the investment decision comes the protection decision. Reason is simple. You create assets out of current income and savings. If some harm were to come to those assets, you will have to […]
A top-up plan is useful only if you already own a base plan
Published in Mint on 18th February 2014, Written by Kapil Mehta I am 33 years old. I am covered along with my family (wife and child), for Rs.4 lakh through my company’s group mediclaim policy. I am considering taking a personal cover as well. Would you recommend going for a top-up insurance plan? Not all […]
Nominee has to pass money from insurer to deceased’s heirs
Published in Mint on 11th February 2014, Written by Kapil Mehta Do critical illness protection riders offered by life insurance companies serve the same purpose as health insurance? —Avik Health insurance is a broad term that covers several types of insurance products—mediclaim or indemnity-based, critical illness, hospital cash or accidental injury. Generally health insurance is […]
Medical conditions should be disclosed while buying mediclaim
Published in Mint on 15th April 2014, Written by Kapil Mehta What does it mean when one is asked to claim for domiciliary hospitalization? —Chandana Domiciliary hospitalization refers to treatment that under normal course would have required hospitalization but was taken at home instead. The reason for taking the treatment at home should be that […]
What is the difference between mediclaim and 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 […]