Page 18 - Health Insurance

Health insurance: Mental illness to be treated on par with physical ailment

After the current wave of reforms, expect your policy to cover more diseases, but your premiums will rise too

Irdai allows inclusion of 10 more insurers for medical treatments

The Irdai has also deleted a few procedures in the circular

Current policies to be extended to cover mental illnesses as well: Irdai

Insurers say they will have to study the available data to work out by how much premiums will have to go up to be able to cover mental illnesses as well

Start including mental illness in your health covers: Irdai to insurers

According to the Mental Healthcare Act-2017, every person with mental illness shall be treated as equal to persons with physical illness in the provision of all healthcare

If health policy covers you globally, no need to buy separate travel policy

In case the global cover is not adequate it might be appropriate to top it up with a short-term travel policy

These health policies are specifically designed for treatment abroad

These covers come with a high sum insured and high premium; Most do not cover treatment in US or Canada, though some will charge a premium for inclusion of these countries

Low risk awareness, affordability deter health insurance growth: Irda Chief

The health insurance industry has seen an average growth of 16 per cent cumulatively over the last 4-5 years

You may have to pay extra for health insurance covering treatment abroad

The insured may need to pay extra premium for treatment in the US. There is also co-payment of up to 20%

Health insurance cover: Restore option or higher sum assured?

Restore option doubles your sum assured, in case you need it but comes with its own set of restrictions

Why disclosing pre-existing diseases to your health insurers pays

It helps the insurer to understand the nature of risk it is taking and minimises the possibility of claim rejection

Mediclaim policy: A numbers-driven approach to buying health insurance

Instead of getting confused by the spiel of agents, use parameters like waiting period, claim-settlement ratio and price comparison to make the right choice

Insurers offering cashless benefits for OPD, diagnostics at lower premiums

Before you buy a plan, check if you can make full use of it. Most don't even exhaust the entire benefit, says expert

Opt for a personal accident policy, not rider

The policy offers more comprehensive coverage than a rider for varying levels of injury and disability caused by accidents

Health insurance is too costly, remains limited in India: Report

Insurers have been working tirelessly to expand coverage and distribution, leveraging newer distribution models and technology

Health insurance firms to create database on fraudulent claims

For the latest reporting month of May 2017, general insurance premium has risen by 15.95%

Choose health insurer with care

Unlike life insurance, health insurance has to be renewed almost every year

Lower premiums come at a cost

Sharing the claim burden with an insurer makes sense in auto insurance

Get discounts for staying healthy

Staying healthy is good news for the insurance company as well since it implies lower claims

Your money: Disease-specific covers suited for high-risk patients

Such policies cover early stage ailments, too, unlike a comprehensive critical illness plan

Health insurance: The more the better

Health care inflation rises at twice the speed of consumer inflation rate