The evolving healthcare system and the insurance industry have revolutionised how health insurance claims work. Gone are the days when you had to deal with a lot of paperwork and hospital bills to settle claims. Now, a single card that fits in your wallet can unlock health records instantly and help you avail of cashless […]
Health Insurance
Health Insurance for Individuals vs. Families: What is Best for You?
Health insurance is a cornerstone of financial planning. It is a necessary financial protection for every individual and family as it covers unexpected medical expenses that could otherwise strain their finances. While making this crucial decision, you must rationally consider needs and other factors to avail the right health insurance coverage. Individual health insurance and […]
How to Save Money When Buying Insurance?
Insurance is a vital financial tool that provides peace of mind and protection against unexpected events. Be it any insurance type, it is essential to save money on insurance, as it helps you balance financial protection and affordability. Saving money when purchasing insurance involves understanding your needs, researching, and exploring options to reduce premiums. Saving […]
What is the Difference Between IPD and OPD in Health Insurance Policy?
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 […]
What is Micro Health Insurance And its Benefits?
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 […]
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 […]