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 of the scope of coverage. Health insurance manages your medical cost. But there are some treatments which health insurance does not cover. It is […]

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What is a TPA and what are its functions in health insurance?

TPA stands for Third Party Administrator. It is an intermediary company between an insured and insurer. It provides a supporting role to the insurer in terms of claim settlement. This body obtains a license from IRDA in order to function in the insurance industry. The third party administrator knows all the aspects of health insurance. […]

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What are the factors that affect health insurance premium?

When you start planning to buy an insurance protection for yourself and your family, health insurance is at the top of the list and the most necessary protection plan. It is important to buy a best-rated health insurance plan to save yourself from financial trouble arising due to health issues or emergency. Unforeseen circumstances can […]

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What does personal accident Insurance cover?

Personal accident insurance provides financial support at the time of an unfortunate mishap. It is important to understand the coverage provided under this policy while buying the policy. Following are the standard coverage in a personal accident insurance: 1. Accidental Death: Death because of a car crash, slip or any other unfortunate accident is covered […]

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What is Covered under AYUSH benefit in the Individual Health insurance plan?

Considering the popularity of alternative treatments in India, various health insurance companies have started offering AYUSH benefit to their policyholders. In its health regulation, 2013, the Insurance Regulatory and Development Authority of India (IRDAI) asked individual health insurance companies to include AYUSH, which stands for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy, under their […]

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