Building a health insurance comparison chart + Cigna TTK vs Royal Sundaram Health Policies

Wouldn’t it be great to have a DIY health insurance comparison chart that will immediately help you shortlist policies with most relevant and beneficial features? You could then read the policy wordings of these and choose one easily. Using the comparison feature at policybazaar, here is a health insurance policy comparison template with six policies filled in. You can easily add more. Plus we continue our policy wordings walk-through with Cigna TTK ProHealth Plus and  Royal Sundaram Lifeline Supreme. We shall discuss their salient features and then compare them with the policies considered in previous wordings walk-throughs: Apollo Munich Optima Restore Benefit vs Max Bupa Re-fill Benefit and Star Health Comprehensive Insurance vs Religare Care Comprehensive Insurance. Let us first discuss three aspects that insurance buyers must be aware of. read more

Star Health Comprehensive Insurance vs Religare Care Comprehensive Insurance

Last week I had compared Apollo Munich Optima Restore Benefit vs Max Bupa Re-fill Benefit. This week we shall continue our policy wordings walk-through with a discussion on some lesser-known features of Star Health Comprehensive Insurance policy and Religare Care Comprehensive Insurance policy. The main aim of these posts is to emphasise the importance of policy wordings or terms and conditions before buying the policy. Typically investors read these documents only when their claim is denied and wish to make a complaint to IRDA often after being emotionally spurred on by social media. read more

Should I use cashless hospitalization facility or pay and then reimburse?

There are many who believe that cashless hospitalization facility available with medical insurance policies can be misused by hospitals and that it is better to pay cash and the reimburse it via the policy later. A discussion on should I use cashless hospitalization facility or pay and then reimburse?

What does misuse mean? Attempting to exhaust the sum insured limit without any need for it. Recommending more tests than necessary, an extended stay in an ICU, recommending an expensive room etc. Someone else may be paying the charges, but the hardship is on the patient and those who take care of them. read more

How to lower your medical insurance costs

Every day, more and more people are waking up to a grim reality – their medical insurance costs are sky rocketing. In this post, I discuss practical and reliable ways to lower medical insurance costs with an important caveat – there is no free lunch (you need to give up some to get some).

Announcement: Travel to Europe at 40-50% lower air fares!!
Pranav Surya just posted in AIFW that “Oman Air + Lufthansa are running a fantastic promotion for cities to travel from Delhi”. If you want to avail such huge discounts, follow the steps pointed out in our new book: GameChanger (Rs. 199 hardcover; Rs. 99 Kindle). Additional tips are available in the Travel Training Kit (Rs. 199) read more

Things to do AFTER you buy 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 to Things to do AFTER you take a term insurance policy!

1.  Understand claim procedures

In the case of emergency hospitalisation and in the case of planned hospitalisation find out the documents and steps necessary to intimate the insurer. read more