Explained: co-pay clause in health insurance policies

This article explains how the co-payment (co-pay) clause works for health insurance policies. It originates from an email exchange with a reader about base policy co-pay limits and super top-up applicability. This article would not have been possible but for the expert guidance of  Ajay Pruthi, a fee-only SEBI registered investment advisor. He can be…

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Should I claim through corporate cover or personal health insurance policy?

Many clients often inquire whether to use their personal or corporate health insurance policy first. Let’s figure out whether you should use your corporate or personal health insurance in case of hospitalization, assuming there are no room rent sub-limits in both policies.  I thank Melvin Joseph Sir (Finvin Financial Planners), who provided valuable input for…

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Want to surrender your insurance policy? Don’t listen to random advice!

I purchased two endowment policies last year and currently pay an annual premium of 2 Lakhs for these policies. Renewal for these policies is due next month, and I’ve heard that insurance policies are not ideal for investment due to their relatively low returns. So, should I consider surrendering these policies? About the author: Ajay…

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Don’t forget these steps after buying a health insurance policy!

Here is a list of things to do after you buy a health insurance policy.  These simple steps would aid premium payment, claim application and hospitalization. This post is a companion piece: Do not forget these steps after buying a term insurance policy! 1.  Understand claim procedures Whether cashless or reimbursement, insurers must be immediately intimated…

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Select the right health insurance policy with these free resources

Here are five free resources (two ebooks, two webinars and a policy comparison spreadsheet) to help you choose a suitable health insurance policy. 1. Ebook on Health Insurance by Venkatesh Jayaraman. Author Bio: I was brought up in Chennai and moved around Bengaluru, Chennai, Mysuru and Pune to cater for my career requirements. But primarily…

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