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 […]
Health Insurance
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, […]
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 […]
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 […]
What is the difference between mediclaim and the 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 […]
AYUSH benefit in individual health insurance plans
In its health regulation, 2013, the Insurance Regulatory and Development Authority of India (IRDAI) asked individual health insurance companies to include AYUSH in their policies. (AYUSH stands for Ayurveda, yoga & naturopathy, Unani, Siddha, and homeopathy.) What this means is that insurance providers will reimburse medical expenses incurred on in-patient treatment under homeopathy, Ayurveda, Siddha, […]
What does a Health Insurance policy not cover?
You do not know what can happen tomorrow. Buying a health insurance policy without knowing the restrictions and exclusions is not a good move. Awareness of exclusions is equally important as the scope of coverage. Health insurance manages your medical cost. But there are some treatments which health insurance does not cover. It is crucial […]