Health Insurance

Time and tide wait for no man. This old saying proves to be true in case of health insurance. With the rising cost of medical and hospitalization expenses, having a health insurance policy has now become imperative. Nevertheless, many do not buy a health insurance plan until they reach a certain age. In this article, we discuss why buying a health insurance plan early on in life is actually a better financial decision.

With the ever increasing medical costs, buying health insurance is no longer just an option but a necessity. And, knowing that health insurance policies do not come at much a cheaper rate, it is essential that you consider certain factors. The factors that could help you decide which plan to go with. So here is a list of Dos and Don’ts that you must go through before you finalize on a health plan.

"Caring for our seniors is perhaps the greatest responsibility we have. Those who walked before us have given so much and made possible the life we all enjoy."

You may be aware that tax benefits can be claimed under Section 80D of the Income Tax Act, 1961. The deduction can be claimed on premium paid for self, spouse, children and parents. Now, did you know that in certain cases you could possibly lose the tax benefits on your policies? Here are the situations when you will not be able to enjoy the tax benefits on your health insurance policy.

Oftentimes, the first-time buyers of Health Insurance find themselves in a dilemma – Whether to go with an Individual or a Family Floater Health Plan? In this article, therefore, we have taken up to explain to you everything that you need to know about a Family Floater Mediclaim Policy so that you can decide what to go with.

Suresh Rane's parents were not happy with their health insurance policy. They had bought it when they were in their 40s. Now they were in their 60s and they wanted to change their insurer. So they asked their son Suresh to find out if they could port their health insurance to another insurer while maintaining the benefits they had accumulated in the present health policy that they had.

Medical advancements may surely be making our lives longer, but that doesn’t take away from the fact that this longevity does not come free of cost, neither does it come at a cheaper price. Skyrocketing hospital bills post a simple treatment; have already made us realize the significance of buying Health Insurance Policies for ourselves. However, don’t you think your parents need them too, given that they are more susceptible to illnesses? Besides, for all those years they have spent on your wellbeing, don’t you think, it’s time to pay back?

With over 30 General Insurers to choose from, the consumer at times may find it tough to decide who to go with. Also, after having bought the policy from a particular health insurer, one might have easy tendencies to switch to another insurer while renewing the policy for the next year. This may happen due to the availability of varied features in another insurer’s product. In this article however, we suggest, you stick to your current health insurer. Why? To know the reasons, read our list below where we discuss the benefits of staying with one health insurer over switching to another.