Tuesday, 12 December 2017

What Are The Best Health Insurance Provider In India

People are facing the dire consequences of inflation. The expenses are at an all-time high. Due to inflation people are facing a yearly increase of 15% on medical treatments alone. With the sudden rise and fall of employment, people need a form of stability.
HDFC Health Insurance strives to provide the very same in the hour of need. It intends to give financial security and quality healthcare to people along with access to expenses like daycare treatment, hospitalization etc. even OPD expenses are covered by HDFC Health Insurance. People could even save a lump amount of INR 55,000 yearly from the tax under section 80 D by opting for HDFC Health Insurance.

Philosophy For A Peaceful Life
At HDFC Health Insurance, it is understood why peace is important for a satisfying life. People should be able to spend every moment of their lives without having to worry about the future. Everyone cherishes even the smallest moments like the moments spent playing with their kids or even the smallest stroll through the park with their parents. At HDFC Health Insurance, the motive is to help people accumulate scores of such memories without the worry of unpredictable sudden medical emergencies.

Solutions To Ensuring Good Health…Hamesha!
HDFC Health Insurance motto is ensuring good health…hamesha! This is achieved by a comprehensive Health Insurance Plan. Now HDFC Health insurance has made sure to meet everyone’s healthcare needs be it, individual or family. The health insurance plan - Care, has been designed to protect the client and client’s family from financial emergency due to a medical issue. This ensures that the client has to only concentrate on their recovery and to be worry-free from the other complicated procedures related to their treatment when they are not well.

Cover At Every Step
HDFC Health Insurance understands that expenses are not solely restricted to when hospitalizations happen. It starts right from the time of diagnosis and continuous up to even after the discharge until the patient has fully recovered. The health insurance intends to stand with the client for the entire journey and not the hospitalization only.

Coverage During Diagnosis
HDFC Health Insurance provides a coverage of expenses till 30 days before the actual hospitalization. The Care program ensures that the client is covered for the entire financially draining procedures of investigative tests as well as routine medicine. It is a known fact how physically and emotionally draining these procedures can be, as a result, HDFC Health Insurance wishes to remove some of the stress surrounding the medical emergencies away from the patient.

Transportation Coverage
HDFC Health Insurance is very well aware of the importance of getting the patient on time to the hospital. Thousands of patients’ lives are lost yearly due to the lack of transportation or because the family were unable to provide for transportation. In order to make sure such a misfortune does not befall its clients’, the Care package makes sure that all expenses incurred while availing a domestic road ambulance during a client’s hospitalization are reimbursed properly. Not only that, but few plans in HDFC Health Insurance also offers to cover expenses for availing Air Ambulance, if it has been prescribed by the doctor.

Single Day Hospitalization Coverage
All the expenses like ICU charges, room charges, surgeon’s fees, doctor’s fee, nursing expenses are covered. Even medicine related expenses like anaesthesia, blood, oxygen, operation theatre charges are also covered. If the patients get admitted as inpatient care for a period of 24 hours minimum on a consecutive hour basis, the expenses get covered by the Care plan.

Other Coverage
HDFC Health Insurance also covers nearly 540+ day care procedures. Basically day care procedures are defined as the treatments that a patient is required to undergo, but there is no necessity for the patient to be hospitalized for 24 hours or more. The package also covers the room rent. Every cent that is spent for staying in the single or private room is reimbursed. In fact, the Care package also allows upgrade of room if there is a need or it has been recommended by the doctor treating the patient. Patient need not worry about the ICU charges either. Even that is covered under the package. The only worry for the patient is on how to recover completely at earliest possible.

After Hospitalization Coverage
The patient is not completely declared cured even if he has been discharged; they have to keep up with the follow-up medicines and checkups. Neither does the expenses stop immediately at discharge also. Hence HDFC Health Insurance provides a coverage of 60 days Post hospitalization coverage plan which covers all expenses that arise from doctor fees, tests, medicines etc.

Home Hospitalization

In case the patient is in a condition which restricts his transportation to the hospital and has to be treated at home, even that gets covered by the HDFC Health insurance for medical expenses that are accumulated for treatment at home for a period of three consecutive days. This is to ensure nothing delays the critical treatment that the patient deserves.

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Friday, 8 December 2017

Why Do You Need Critical Illness Insurance Plans Separately When You Have Health Insurance

Clients must know that all the insurance experts’ advise getting Critical Illness Insurance Plans along with a general insurance plan. This advice is generally given because a critical illness means it may have an adverse effect on the client’s health condition.
It could lead to a severe effect on the individual’s lifestyle and require a substantial amount of money to be spent on treatment. This might result in loss of income due to the client no longer being able to work as before falling ill.

Knowing The Severity Of The Illness

The disadvantage of such a fast pace but a sedentary lifestyle is that the number of diseases has been increasing every single day. These serious illnesses mean the loss in income, sudden change of lifestyle and at times irreversible handicap. Critical Illness Insurance Plans are necessary because financial burden that comes with these diseases might not be covered by an indemnity health insurance plans.

So in order to meet the huge medical cost that will arise from combating a critical illness, the client requires Critical Illness Insurance Plans. These plans also ensure that it provides the client with an adequate amount of money to meet the day to day expenditure without having to run pillar to post for arranging money.

Reasons To Get Critical Illness Insurance Plans
A person is allowed to receive a lump amount resulting from their Critical Illness Insurance Plans when they get diagnosed with a critical illness. The amount is accessible to them right from the moment of diagnosis. In order to be fair to the already suffering person, this amount is almost always tax-free. Since the Critical Illness Insurance Plans are separate plans, they tend to seem to be expensive, but of course, they have their own valuable benefits, which means it is worth every rupee invested.

What All Illnesses Are Covered Under The Plans?
  •         Heart attack
  •          Strokes
  •          Organ transplantation
  •          Cancer
  •          Disability
  •          Blindness
  •          Paralysis
  •          Terminal Diseases

Buying Critical Illness Insurance Plans

It is a common knowledge which is not usually informed to the client before applying for the Critical Illness Insurance Plans, the unique reason why it has to be bought. It covers the exorbitant medical bills that neither life insurance nor health insurance will cover.
For example, a lump amount is received from life insurance only in the case of death of the client. The client will not receive a single paisa if they survive through a critical illness. Similarly, health insurance will have clear exceptions on critical illnesses, it won’t cover, which defeats the very purpose of buying it.

Now take the case of a heart attack person, it is a known fact that a lot of effort goes into recovery from such critical setback. Not only does the person have to invest a lot of money to cover the medical expense, they have to recover financially, and also have to return to their previous lifestyles. This is nearly the same case for stroke and cancer patient. The diagnosis of a life-threatening disease is by itself a harrowing experience which also results in emptying of the entire life’s savings.

How Is It Different From Medical Insurance
The client must be aware of what medical insurance is, in order to be able to make a wise decision. The medical insurances will work on the basis of recurring benefits, a person who is getting hospitalized multiple times yearly will be eligible for medical benefits from the insurance policy, only if their claim is proved valid and also the medical bills do not go in excess of the sum insured limit.

The medical bill is claimable if the patient has been hospitalized for more than 24 hrs. Some medical insurance plans also provide for expenses accumulated for pre and post hospitalization. Most of the medical insurances, do not include critical illnesses as part of their plans.

Points To Looks For
The patient must be mindful of what all illnesses are being covered. Each company will vary quite differently in terms of the illnesses being covered. While all the companies will cover the previously mentioned eight critical illness, some plans may cover even up to 20 illnesses.

The deals being offered. Along with the sum that has been agreed upon to be paid, other additional benefits are also provided like hospital cash and surgical benefits. Also, check the number of hospitals being covered.

Fine print is to be read carefully. Like any insurance policy, the Critical Illness Insurance Plans are no different.

The client has to be cognizant of the fact, which medical condition he suffers from while buying Critical Illness Insurance Plans may result in another illness down the line. Therefore it is critical that the client is completely truthful with their insurer about their medical history. In some companies, it is a prerequisite that the medical test be performed on the client for buying the Critical Illness Insurance Plans.

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Thursday, 7 December 2017

What to Look out When You Buy Senior Citizen Health Insurance?

Health insurance should top the priorities for individuals both young and old. Unforeseen circumstances can hit one anytime. Therefore, it is essential to be prepared before any unfortunate events strike. Therefore, buying a health insurance for senior citizens can keep you secured post-retirement.

Senior citizen health insurance plans are rolled out by multiple insurers for those who have retired from a hectic work life. Adequate coverage and better plans can help senior citizens during medical emergencies which can otherwise prove as a setback due to limited income.

How To Decide Which Health Care Plan For Senior Citizens Is Right?

In case you are purchasing a health insurance for senior citizens such as your parents, it can be a cumbersome task to drill down to that perfect plan which offers the best coverage and plans at an affordable premium rate.

Severe medical conditions such as joint problems, heart-related problems, chronic lung diseases, diabetes et al. are usually covered under most of the health plans for senior citizens. However, buyers should focus on the capping limit rolled out by the plan in case of a hospitalization or any other chronic illnesses.

A Thoughtful Gesture

Affordable health insurance plan for senior citizens over the age of 60 is designed to cover the medical expenses that are incurred during the policy coverage duration. It is more than a thoughtful gesture if you plan to gift a healthcare plan for your parents.

But Why Is It Crucial To Buy Health Insurance For Senior Citizens?

With increasing age, the body starts losing its resistance to diseases as the natural immune system starts becoming weak. Survival and living on the pension and savings incurred over a period of time is what everyone looks forward to. However, with age, senior citizens start becoming prone to multiple health issues.

It is essential that there is a health insurance for senior citizens in place to take care of the medical needs and emergencies. Not only does a senior citizen healthcare plan ensure security, but also makes the process free of any additional hassles.

Immediate crises can be a sudden blow. However, without a health insurance for senior citizens, the family members might have to struggle to make ends meet just to afford the medical expenses for the elderly. Therefore, an affordable healthcare plan for the elderly can not only reduce the financial burden but also help you claim tax rebates according to the various laws of the Income Tax Act.

Tips To Consider Before Finalising The Senior Healthcare Plan

There are several factors which need to be taken care of before you invest in that mediclaim policy for the elderly. A thorough research and proper comparison can help you pick out the most suitable plan for you.

·         Co-payments clause offer that a ratio of premium is paid by the insurer and insurance holder. However, caution should be exercised in terms of the coverage that the plan has to offer.
·         Choose a plan that allows renewal up to the maximum age limit. With the premium paid annually, it makes it slightly affordable.
·         Pre-existing diseases are covered only after the policy has completed 12-18 months since the purchase. However, there are many insurers who do not cover pre-existing illnesses. Thus, making an informed decision is the key.
·         Pick a plan that has a lower waiting period and provides better coverage.

Which Health Insurance For Senior Citizens Is The Best?

There are a lot of options available in India when it comes to securing health insurance for senior citizens. It is essential that you compare various policies based on the number of dependents, income, age, financial status etc.

Not only do these factors help you in finding the affordable health care plan for the elderly, but also guide you in choosing the best available plans. Senior citizen, health care plans, have been rolled out by leading insurers in India.

1.  Silver Health from Bajaj Allianz
  •       Offers coverage up to 70 years  for an assured sum of 50,000- 5lakhs
  •          All pre-existing diseases are covered from the second year of the mediclaim
  •         Medical check-ups, Out-patient visits and even hospitalization is covered under the policy offered.

2.    New India Senior Citizen Mediclaim Policy

  •          It provides coverage up to 90 years.
  •          Available for a sum of 1-1.5 lakhs
  •          Pre-existing diseases are covered after 18 months of the policy commencement
  •          Depending on the days of hospitalization, the plan reimburses 5-10 percent of the total charges incurred.

3.    SBI Arogya Top Up Plan
  •          An affordable health care plan for senior citizens which provides coverage from the 65th year of birth
  •          It covers 60-90 days of the total hospitalization charges and other medical expenses.
  •          It does not require any prior medical tests if there has been no medical history prior to policy declaration.
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Wednesday, 6 December 2017

What Is The Difference between Health Insurance and Mediclaim?

Most of us tend to use the terms mediclaim and health insurance interchangeably. However, they are not the same. Mediclaim policies in India refer to the hospitalization expenses only whereas a health insurance or a medical insurance plan extends beyond the cost of hospital expenses.

What Is The Difference Between Health Insurance And Mediclaim?

Health insurance plans are widely ignored in India. However, growing cases of lifestyle diseases, rising medical costs, critical illness etc. have made it mandatory to have a health care plan for each and every member of the family in order to secure their future.
On the other hand, mediclaim policies in India have a particularly different scenario. Mediclaim coverage is offered for specific limit only which can engulf the cost of hospitalization, treatment for unfortunate accidents and pre-existing illnesses which were declared initially.

Salient Feature Of Mediclaim Policies In India

Mediclaim policies in India focus on settling the hospital bills incurred as a part of the treatment. The claim process is broadly categorised into a cashless process and regular reimbursement methods. A cashless process ensures that if you choose a hospital that is a partner with the insurer, they become liable to pay the entire cost incurred during the hospitalization. But it is limited to a definite sum only.

Reimbursement plans for mediclaim policies in India, however, require you to produce bills, receipts, documents etc. in order to make you eligible for the claim. The insurer can process the claim only after thoroughly scrutinizing the original documents submitted by the insured.
However, there are a couple of constraints that come along with the mediclaim policies.

1)    Before you choose a mediclaim for family or yourself, it is essential to check the efficacy of the plan. This can be achieved by pitting a single plan that one finds affordable against other available plans.
2)    The mediclaim policy cannot be extended to the family members in case of an unfortunate death of the policyholder. However, individual mediclaim policies in India offer coverage to the insurance holder based on several factors.
3)    Experts usually recommend that the buyer picks specific mediclaim policies in India which offer a renewal policy up to the maximum age. Early purchase of a mediclaim plan can later help you in acquiring benefits in the form of lower waiting periods and in some cases even lower premium amounts.
4)    Most mediclaim plans cover pre-existing diseases only after a certain duration of the policy commencement. Nevertheless, an informed decision in terms of choosing a mediclaim can help you cover the pre-existing diseases as well.

Features of Health Insurance in India

Healthcare plans, on the other hand, are designed effectively to cover an individual in case of any medical emergency. Be it a regular health check-up or a serious and critical illness such as heart attack, cancer, paralysis or even kidney failure, an efficaciously designed healthcare plan can do wonders.
 There are multiple benefits of having a health insurance plan in place. Let’s have a look:

1)    Hospitalization costs are covered for a maximum period of 60 days from the day of admission.
2)    Insured person becomes eligible for a no claim bonus at the end of an annual year in case they have not claimed any insurance.
3)    Section 80D of the Income Tax Act provides tax benefits for a maximum premium value of 25000 INR.
4)    Health care plans do not depend on network hospitals. The insured can produce the policy number during admission, and the insurer becomes liable to pay the entire cost of hospitalization.
5)    Unlike mediclaim policies, a health care plan can cover all members of the family under one single plan.

Popular Health Insurance and Mediclaim Plans in India

Comparing health insurance plans and mediclaim policies is a cake walk nowadays. With facilities available online, users can key in a few factors that suit their parameters to find out the plans that they are comfortable with.

1)    United India Health Insurance Plan
One of the leading healthcare providers in the country, United India Health Insurance plans have various attractive features which make it worthwhile. The most basic features include:
  •          It offers a higher sum of insurance that is capped at ten lakhs
  •          Offers cashless facilities across 7000+ hospitals in India
  •          No claim discount bonuses are applicable for a period of three consequent years.
  •          Comprehensive plan that offers to cover the entire family along with dependent children, hospitalization expenses, etc
  •          The premium paid also attracts tax rebates

2)    National insurance Mediclaim policy
One of the oldest and largest insurance providers, National Insurance Mediclaim policy, is customer-centric. The features include the following:
  •         Hospitalization expenses up to a total of 60 days
  •          Discounts on premium if the insured crosses a claim free year
  •          Ambulance expenses up to 1000 INR
  •        Benefits pertaining to critical illnesses, vaccinations, treatment for infertility, maternity coverage etc.
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Friday, 1 December 2017

7 Variants of Health Insurance Policies You Should Know

Have you ever wondered what your life would be without health insurance plan? You can’t, right? Life without health insurance is unimaginable. Having life insurance gives you that confidence by providing coverage in case of medical emergencies. Bharti AXA health insurance plans offer optimum insurance coverage so that your insurance needs are fulfilled.

When our physical activity is limited, we are exposed to develop various illnesses.  While most of the illnesses are curable, the medical expenses can burn a hole in our pocket. Our medical insurance needs are different so are the health insurance plans.
Here are the 7 types of health insurance

1.       Individual Health Policy
It is the most basic version of a health policy. It caters to an individual, as the name suggests. The insurance premium differs on the basis of the amount insured. For instance, a family having 5 family members, all the members can be covered on an individual basis for Rs. 3 lakh. In case of any medical emergency can claim hospitalization expenses up to the limit of Rs. 3 lakh specifically.

2.       Family Floater Policy
In a family floater plan, the coverage is offered to a family rather than individuals. The insured family shares the sum insured. Going by the example mentioned above, in case a family member is hospitalized and the incurred expenditure is of Rs. 6 lakhs, and then the coverage for the rest of the year will be Rs. 6 lakhs.

3.       Top-ups
Higher the health insurance covers are, higher the insurance premium is. At times, the adequate insurance coverage is above and beyond a common man’s budget. Top-ups enhance your insurance cover without any hike in your insurance premium. Top-ups are the covers that cover hospitalization charges, but it comes with a deductible.

4.       Critical Illness Policy 
Treatment for certain illnesses such as cancer can wash off your savings. It is followed by the inability to work which means one can’t go to work in order to earn some money. In critical illnesses, the basic insurance plan’s insurance coverage is not enough. Critical illness policies are formulated especially to meet such insurance needs. These are the plans that come with a fixed benefit that provides you a higher sum-assured in case you’re diagnosed with the policy listed illnesses.

5.       Unit Linked Medical Policy 
 The combo plans are one of the latest trends. Unit-linked health insurance policies are a combination of a unit-linked insurance policy and mediclaim. The insurance buyers have to pay the insurance premium and a partial amount is invested that fetches returns on investment and rest of the premium is paid towards the health insurance.

6.       Health Saver Policy 
 Health saver policies are like unit linked health policies. As per this policy, a partial premium amount goes towards the health coverage and the remaining part is invested in an investment or in a savings account. The biggest benefit of this policy is the savings part that can be used for the uninsured part of the hospitalization such as doctor’s consultation fee.

7.       Surgical benefit Policy
 The sky-rocketing expenses of surgeries can exhaust your insured amount, that it makes inefficient to cover your remaining (if any) medical charges. In such times, surgical benefit policies are of great help. The amount payable for surgeries is decided on the basis of your selected initial daily benefit.

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Tuesday, 28 November 2017

Oriental Mediclaim Insurance Policy: Everything You Need to Know

Oriental Insurance is one of the pathfinders in ensuring smooth conduct of the insurance business in India. The company has continuously been recognised among the pioneering insurance companies due to excellent service and motivated workforce.

Among various insurance products offered by the company, Oriental insurance mediclaim is worth buying. Named as Oriental Individual Mediclaim Policy, it is similar to health insurance plans that provide coverage to the policyholder in case of hospitalisation.

Highlights of Oriental Individual Mediclaim Plan

  • ·         Individual between 18 to 80 years is eligible to buy this mediclaim policy
  • ·         Company offers 10% discount on enrolling for more than two members
  • ·         In case you buy the plan before the age of 45, an additional 5% discount on renewal will be offered.
  • ·         Pre-policy health check-up is applicable only after the policyholders enters the age of 45.

Oriental Individual Mediclaim Insurance: Policy Detail

Entry Age
Number of Members Covered
Sum Insured
Policy Period
Pre-policy Medical Check up
Children- 91 days
Maximum members- 7
Rs. 50,000 to Rs. 5,00,000
1 year
If the insurance seeker is more than 45 years old.
10% family discount
Adult- from 18 years to maximum 65 years
Maximum adults- 4
Maximum children- 4

Policy Coverage and Benefits

  • ·         Day-care Treatment:  Day-care treatment is offered for the surgical process conducted using local or general that doesn’t require 24 hours of hospitalisation owing to technically advanced healthcare facilities.

  • ·         Pre-hospitalisation: The insurer will reimburse you for the medical expenses used before the policyholder is hospitalised up to 30 days. This is applicable only after the insurance company accepts the claim for in-patient hospitalisation

  • ·         Post-hospitalisation: This facility covers medical expenses immediately after the insured discharged from the hospital. One can avail this benefit only with an approved in-patient hospitalisation claim by the insurer. Medical expenses up to 60 days are covered.

  • ·         Home hospitalisation: The insured can claim for the expenses incurred towards a treatment availed at home, however, insurer applies its terms and conditions accordingly.

  • ·         Emergency Ambulance Cover: Coverage of around Rs. 2000 or 1% of the sum insured is offered towards emergency ambulance expenses under this plan.

  • ·         Dental Treatment: Any dental treatment owing to an accident is covered.

Is There Any Free-look Period?

Yes, the free-look period facility is there. In case, whatever the reason, you decide not to continue with the policy, you can surrender the same and request the insurer for a refund within 15 days from the policy initiation date.

Other Conditions:

  • ·         Treatment for some specific illness like Cataract, Myomectomy for Fibroids, Hysterectomy is covered only after 24 months.

  • ·         The policyholder can claim for ant pre-existing illness only after 48 months from the policy start date.

  • ·         A cooling period of 30 days is applicable on every claim except that arises out of accidental injuries.

Permanent Exclusions

The insurer will not accept any claim under this plan arising from below conditions:

  • ·         Intentional injury like suicide attempt
  • ·         Symptoms of illness occurs within 30 days of the policy tenure
  • ·         Any injury under the influence of alcohol or drug
  • ·         AIDS-related claim
  • ·         Maternity, childbirth, miscarriage, abortion etc.
  • ·         Congenital disease
  • ·         infertility and in vitro fertilization.
  • ·         hospitalization out of war, riot, strike and nuclear weapons

Well, considering the facilities offered by this plan and reviewing the present scenario when healthcare expenses are sky-high, having a mediclaim plan is imperative. However, one has to be careful at the time of purchasing a plan. If talking about oriental medcliam insurance, it doesn’t cover lifelong renewability and no claim bonus.  Also, the insured will have to serve a waiting period of 4 years to along with sub-limits pre-decided on room rent & ICU. But on a brighter side, it covers some decent benefits including family discount that is alluring. We suggest, always compare the plans online and only take the one that meets your requirement.

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Monday, 27 November 2017

Are You Opting for Right Health Insurance? Here’re the Things to Consider

Health insurance is imperative these days, but, does this mean you purchase anything that goes off as health insurance or you club several policies? Certainly not! As per the experts say, one must aspire for a health insurance portfolio with basic health coverage that includes hospitalisation or medical expenses, a top-up policy to complement the existing coverage, a critical illness rider to support you financially in case a severe medical condition is diagnosed that demands immediate treatment or to bear the other expenses when you are no more the bread-winner of the family. 

However, it is advisable to carefully compare health insurance plans on parameters such as the inclusion of critical illness, pre-existing illness or accidental cover before zeroing in on something.
Now, you’re wondering how to do this, right? Start with this:

Decide the Basic Cover
Also known as indemnity policy, it pays for hospitalisation costs including pre and post-hospitalisation expenses. Always try to buy a policy with fewer restrictions, even if the sum insured is small. Insurers pose restrictions on sub-limit, room rents, some specific health conditions, waiting period, co-payment, that may impact adversely at the time of claim. As long as it is affordable, ignore these.

Also, try to avoid add-ons that you actually don’t need. It will help reduce your premium rate. One can avoid consumer-specific add-on like OPD (out-patient department). The benefits offer under this rider are still insufficient as the premium cost is close to the benefit offered. By not adding this you can save something.

Go For Family Floater

Buying separate health insurance plans for each family member doesn’t make sense. We’re sure, you’ll look for a plan that covers you and your entire family, right? Here comes the Family Floater plan in the picture. These plans are cost-effective. It covers entire family under a single plan on the payment of single premium. Whenever a claim is made, the sum insured reduces for the rest of the members. Keeping this in mind, most of the insurers offer to restore benefit-where sum insured can be restored even after a claim is made. This feature makes the plan meaningful and approachable. However, we suggest buying a separate health plan for your elderly parents with pre-existing illness. Because, after the age of 60, the premium costs increases and there are specific health plans designed for senior citizens, that one can avail at a cheaper rate.

Consider a Top-up Policy

Consider adding a top-up policy with your regular health insurance plan. It is a regular indemnity plan that pays for hospitalisation expenses but only after a
You can use a top-up policy to be adequately insured. A top-up is a regular indemnity plan that covers hospitalization costs but only after applying the deductible amount, at the time of claim. So, it is beneficial if you use your regular health insurance plan to make a claim up to the deductible amount and beyond that use your top-up plan to cover the excess amount. This feature makes this plan cheaper, as higher the deductible, cheaper the top-up plan.

Add Critical Illness Cover
Take a moment to think what happen to your family if a critical illness leaves you unable to earn the income anymore? But, if you won a defined benefit policy, you can remain stress-free. A critical illness rider is the best option in such cases that pay lump-sum towards a diagnosis of a critical sickness. While medical rates are sky-rocketing, big concerns are cancer, heart-related illness, liver condition, kidney failure, coma, sclerosis etc. Make sure your critical illness plan provides assistance for these ailments.

We don’t deny that buying health insurance is vital, but what goes parallel is to ensure that there is no surprise at the time you make any claim. Remember, health insurance always comes with a pre-determined waiting period for pre-existing illness. Any claim arises due to these during the waiting period will surely not be accepted by the insurer. Also, at the time of taking up a plan, take the advantage to get a full health check-up done. This has a twofold benefit. Firstly, you will be sure about your health condition and secondly, there will be no confrontation on the pre-existing ailment, if any.

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