Page 3 - Health Insurance Policy

Does a standard health insurance policy cover coronavirus? Expert answers

Coronavirus is an infectious disease and hospitalisation on account of such conditions is generally covered under most health insurance policies

Premium perks: Wearables, apps are set to transform health insurance

IRDAI has so far received 173 proposals, most of which incentivise wellness in the health insurance space through the use of apps and wearable devices

IRDAI tries to bring more transparency into life, health and travel covers

Lack of clarity often led to disputes between customers and insurers over whether certain claims could be honoured

Adapt wearable technology to expand penetration of health insurance

Wearables today collect a range of data that go far beyond tracking steps. There are devices that can keep a tab on heart rate, stress levels and blood pressure

Your insurer can soon tweak your health policy, but only if you benefit

Irdai to allow 12 minor changes including expansion of critical illness and day care procedure lists, premium payment in instalments

180 million and counting: Policy hurdle pains arthritis patients in India

Lack of regulatory intervention prevents insurance firms from bringing about a comprehensive solution

Don't port your health insurance policy just for the sake of lower premium

And even if you do so, make sure that you don't lose significant benefits in the new policy

Insurers can deny health insurance claims in case of incorrect disclosure

If you contract a disease few years after buying the policy, it is not mandatory to disclose it. But, if you want to increase the sum assured, then premiums could go up sharply

Planning to buy an insurance cover? Here is some advice on important issues

As for the query on income tax, you are allowed to claim a deduction of up to Rs 25,000 in each financial year, for the medical insurance premium that you pay

Reader's Corner: General Insurance

Medical expenses getting deducted due to limits/cappings under group health policy can be claimed under individual health policy

Opt for family floater with restoration benefits

It doubles cover at no extra cost in case existing sum insured is exhausted, and is also cheaper

Supplement your health insurance with top-up, critical illness covers

CI cover is useful if you have liabilities; top-up plans cover all diseases