No doubt that the fact that major population of India is from rural areas and is more prone to illness and injuries. According to a recent statistic, the rural community in India comprises 64.61% of the total population. The health sector in such areas is still developing and limited. That’s where the specific type of […]
Health Insurance
17 Types of Government Health Insurance Schemes in India
The government health insurance schemes in India are medical insurance plans, which are affordable and can be accessed across all states and the rural regions in the country. In this article, we will discuss the 17 important Types of government health insurance schemes to consider which are usually offered on an annual basis. Various Government Health […]
How Blockchain in health and life insurance can be transformative?
Technological innovations have significantly impacted the life and health insurance industry, bringing about transformative changes in various aspects. Be it onboarding clients, fraud detection, risk assessment, underwriting, or claims processing. The adoption of newer technologies has brought a paradigm shift in the insurance industry by enhancing efficiency and customer experiences. Trending technologies like artificial intelligence, […]
What is indemnity-based health insurance?
Healthcare inflation in India is increasing at an alarming rate and currently is at 14%. Though there is an increase in life expectancy of people, lifestyle diseases and infectious illnesses are rising year on year. With technological advancement and rising medical inflation rates, a minor health issue can also dent a hole in your pocket. […]
What type of Insurance cover should a senior citizen buy?
I am a senior citizen How much insurance coverage should I opt for the first time? Will there be a four-year waiting period for pre-existing diseases (PEDs)? Should I buy a less sum-insured policy to save on the premium and increase it after four years? It will help if you buy a sum assured equal […]
Which is the best insurance policy for newborn babies?
Becoming a parent is a joyous occasion one which also marks an important milestone in your life. While you might want to provide the best facilities to your child, insuring a newborn baby under a health insurance policy is also important. The policy would cover any medical emergency that your child might face when growing […]
Do your health insurance cover gym and sports injuries?
I used to think that only professionals and athletes in highly competitive sports suffered serious sports injuries. A memory of such injury was when Mary Decker, top seed US runner, fell grievously in the 3000 km sprint at the 1984 Los Angeles Olympics. But the truth about sports injuries struck home, about two decades ago […]
How does daily hospital cash policy work?
The daily hospital cash policy provides a fixed amount for each day when hospitalized. Fixing the daily limit at the time of enrollment for the policy remains the same for the duration of cover. The policy pays a fixed benefit for each day of hospitalization irrespective of the actual medical costs incurred in treatment. […]
Benefits and process of porting from group to individual cover
The Health Regulations of 2016 include portability guidelines for changing from group to individual health insurance policies. Members covered under a group health insurance policy can port/migrate to an individual policy with the same insurer. Let’s look into the benefits and process of porting from group to individual insurance cover. Benefits of porting The insurer […]
The lady with Parkinson’s
Published in Mint on Feb 06 2017, Written by Kapil Mehta A few days ago, as I walked from office to the local market for lunch, an elderly lady standing on the roadside started speaking to me. I assumed she was asking for money and quickened my pace. Fortunately, my sixth sense made me turn […]