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So, you have decided to buy a critical illness insurance plan but don’t know how to get started. Worry not. You can get started keeping these five important things in mind.Get a fix on the insurerYou can attach a critical illness rider to a new life insurance plan or could buy it as a standalone c...
During hospitalisation, ensure that you find all the documentation required to file a health insurance claim. Incomplete documentation is a major cause of claim rejection....
Check whether outpatient department costs (OPD) are covered by your health insurance plan before buying it. OPD expense claim is one of the main reasons for health insurance claim rejection....
Some of us might be aware that health insurance premiums are eligible for tax deduction under Section 80D of the Income Tax Act, 1961. But what are the actual tax deductions one can avail of? Here is a brief view of the tax deductions that are available with medical insurance policies.Tax deduction ...
Family floater health insurance plans are cheaper than individual health plans (IHP). Buy both categories of health plans so that you have adequate insurance even during times when more than one family member needs health insurance coverage. Suggested video Tip: Why Buy Both Individual &...
Buy a health insurance plan when young. In early work life, you typically don’t have savings to absorb financial shocks from medical emergencies. Suggested video Tip: Why Buy Health Insurance When Young ...
Pre-existing diseases typically get covered in health insurance plans after 48 months of buying the policy. Suggested video Tip: When Health Insurance Covers Pre-existing Diseases ...
For every year, you don’t make a claim in an individual health plan (IHP), most insurance companies typically provide an additional insurance coverage of 5 per cent of the sum insured. Suggested video Tip: Get Health Insurance No Claim Bonus ...
You need to be admitted to a hospital for 24 hours to receive health insurance coverage under individual health plans (IHP). Suggested video Tip: Health Insurance And Duration Of Hospitalisation ...
Hi! Welcome to FundooMoney, your 24 X 7 buddy in all matters related to personal finance. Towards the end of every financial year, insurance companies providing health insurance plans, go on the overdrive advertising their plans. In this noise and information overload, how do you pick the best plan ...
Welcome to FundooMoney, your 24X7 buddy for all your money matters. Some of us might be aware that health insurance premiums are eligible for tax deduction under Section 80D of the Income Tax Act, 1961. But what are the actual tax deductions one can avail of? We will discuss them in just a little wh...
‘Health is wealth’ is one of the oldest adages is also the truest. Medical emergencies can come up at any stage of one’s life and not being covered for health insurance can spell disaster for your finances and lead t0 a situation in which you have to use up m...
Medical emergencies can come up without any prior warning and lead to large health expenses. Health insurance plans are essential for you to safeguard your family’s finances from such an eventuality. Here are three things about health insurance plans that you mus...
Senior citizens are more likely to be affected by disease and other medical conditions. Senior citizen health plans (SCHP) help senior citizens with health insurance coverage of their health expenses that is typically not available from regular health plans. Here ...
The best way to safeguard your family from the financial burden that may result out of a medical emergency is to buy a health insurance plan. As the name suggests, a family floater health insurance plan is tailor-made for families and covers you and your family on ...
Individual health plans (IHP) are also known as traditional health insurance plans or by their popular name, ‘mediclaim’. With rising medical costs, a medical emergency can make a big dent on your finances and hence buying a mediclaim policy is very crucial. Th...
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