This is the archive of all our articles related to health insurance
We buy health insurance in the hope that it would come to aid in the time of need. Many people do not have a personal health insurance policy because they rely on their corporate health insurance or a group cover. The assumption is that corporate health insurance claims are unlikely to be rejected as the…
Continue reading →“How much medical insurance I need?” can be answered in two ways: (a) as much as you can afford and (b) 50 lakhs to one crore. Naturally, option (b) is not only scary but also not affordable. Hence we all need a corpus of medical expenses to handle increasing medical costs, fund our lifestyle diseases…
Continue reading →In this post, Niten Kapoor discusses how he selected a health insurance policy. In my previous article on health insurance, I had invited readers to compare policies as guest posts. Niten agreed to write about how he compared policies and selected one. This is part of Re-assemble – a series on the basics of money management…
Continue reading →I discuss how to buy a super top up health insurance policy with examples on how it differs from a top-up policy and a base policy and why we need one. With medical costs increasing day by day, a medical cover of just a few lakhs will not be sufficient for us. Every day I am…
Continue reading →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…
Continue reading →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…
Continue reading →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…
Continue reading →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:…
Continue reading →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…
Continue reading →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…
Continue reading →Here is a discussion on various types of insurance cover, like term insurance, health insurance, accident insurance and critical illness discussion. This is the video of Ashal’s forenoon talk at the 6th Bangalore Investing Workshop. For the first 1.5 hours of the workshop, the audience kept asking questions to Ashal about the above-mentioned insurance cover. The…
Continue reading →Last week, Mr. Srinivasan Sundarajan shared with us how he had converted his company group health insurance to a family floater as per IRDA’s portability rules. In this follow-up post, he describes his experience after porting from the group cover to a family floater. I believe his account would be quite useful for anyone with or…
Continue reading →A question that is often asked is, “should I buy a personal health insurance policy if I have a company health cover?” The standard answer to this* was, “yes, you should, as you could lose the company cover at any time”. * The answer if often laced with conflict of interest as the guys who…
Continue reading →IRDA portability rules allow an individual to convert the group insurance cover offered by an employer to an individual policy from the same insurer. During the 6th Bangalore DIY investor meet (July 31st 2016), Mr. Srinivasan Sundarajan pointed out that he had made such a switch. When I requested him to recount his experience, pros and cons…
Continue reading →Here is a list of important terms, conditions and limitations to keep in mind before you decide to port your health insurance policy to another company. Come this September, health insurance portability would be 5 years old! Yet, it is not an easy process to shift a health cover from one insurance to another. It never…
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