Group Insurance Portability to Individual health insurance cover

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…

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Health Insurance from Banks: What to look for, How to buy.

Health insurance policies offered by banks in association with health insurers are game changers in terms of cost. However, the terms and conditions of these policies could be quite different from the individual health plan, or the floater health plan available directly from the insurance at a higher cost. Before you buy a group health…

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Illustration: Factors that matter while choosing health insurance

Here is an illustration of the most important factors  that we need to keep in mind while choosing health insurance. Health insurance policies are riddled with window dressing. That is, the features advertised by insurers are often tertiary or downright unnecessary while considering the purchase of a policy. I have written a guide on How to…

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Notes on Financial Fortification

Life insurance, health insurance, accident insurance and critical illness insurance  are tailor-made fortification products that help a family tackle unpleasant and unexpected developments. Be it expenses due to hospitalization, or loss or decrease  in income due to death, accident or a critical illness.  I refer to them as fortification products because they protect the families…

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Cashless Mediclaim: A Second Person Narrative

Regular readers may recall that I described my experience with cashless mediclaim when I underwent a thymectomy last march.  A couple of Wednesdays ago my mother fell and broke her femur bone.  While mine was a planned hospitalization, this was an emergency hospitalization. I am no stranger to emergency hospitalizations (unfortunately). This is the 5th…

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