Radhey Sharma* who blogs at The Wealth Wisher recently compared critical illness insurance policies in India. The following is an expansion of my comment to his post. * He used to. It is now run by Madhupan Krishna. What is CI insurance? It offers a lump sum if the insurer is convinced that an individual…

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…

It is frustrating to see individuals having difficulty in choosing insurance policies – be it life, health or accident insurance. Their minds are cluttered with so many product features (some necessary and others not so) that they keep delaying the purchase. Here is a step-by-step guide to purchasing a health insurance policy. I am no…

Here is why you should not buy a top-up policy for your company mediclaim! If you are puzzled by that statement, let me clarify. Mediclaim or a health insurance policy is a risk mitigation (not prevention!) tool.  A “company mediclaim”, or a group health policy taken by your company is a perk. It is pretty…

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…

In March this year I had a thymectomy – surgery to remove my thymus gland. The procedure was paid via cashless mediclaim. I thought sharing my experience with ‘cashless’ might be useful to other readers. My hospitalization was planned. That is I had plenty of time (5-6 weeks) to plan my hospital stay from the moment…