Thursday, 17 August 2017

Advantages of Having a Star Health Insurance Plan

We have been growing up with the saying that “health is your wealth”.  With ever-increasing lifestyle diseases and sky-high medical costs, it has become vital to ensure the safety of your health. A medical emergency may cause a big hole in your pocket. Hereby, the financial experts say that having health insurance is a necessary asset to cease the financial burden.

Among the leading health insurance service providers, Star Health Insurance is a name worth taking when it comes to health insurance. When an ample amount of insurance companies introduced various health plans and got good responses from the customers, Star Health Insurance joined the race with unique star health insurance policies and blessed with an overwhelming response. Now it is one of the trusted names being taken into consideration! Let’s have a glance at the plans it offers:

Types of Star Health Insurance Plans

  • ·         Family Health Optima Insurance Plan
  • ·         Senior Citizen Red Carpet Health Plan
  • ·         Start Comprehensive Insurance Plan
  • ·         Medi-classic Insurance Plan
  • ·         Start health Gain Insurance Plan
  • ·         Super Surplus Insurance Plan
  • ·         Star Unique Health Insurance Plan
  • ·         Diabetes Safe Insurance Plan
  • ·         Star Cardiac Care Plan
  • ·         Star Wedding Gift Insurance
  • ·         Star Micro Health insurance
  • ·         Star Net Plus
  • ·         Star Care Insurance Plan
  • ·         Star Criticare Plus Plan
  • ·         Star Family Delite Insurance Plan


Star Health Insurance plan Structure

Name
Members Covered
Pre-existing Illness Cover
Hospitalisation Cost
Co-pay
Star Health insurance Plans
2 adults + 2 children
Insured will have to serve the waiting period of 4 years
Pre-hospitalisation cost for 30 days and post-hoso0
20% co-pay is applicable for age between 61-65 years


Benefits of Health Insurance Plans of Star Health Insurance

  • ·         In-house claim settlement directly, no intervene of third-party
  • ·         Fast and smooth claim settlement
  • ·         Avail medical facilities in more than 8200 network hospitals in India
  • ·         Maintain personal health record digitally.


Why You Should Buy a Health Insurance Plan

Because Your Employer’s Cover is not Sufficient

With ever rising medical expenses, the need for a health insurance plan can’t be ignored. Though your employer provides health insurance, the coverage offered may not be sufficient to deal with the required need. Medical emergencies may leave you bankrupt if not financially protected. Moreover, your employer will not cover you once you retired or resigned from the organisation. Think about your old age when you’ll require frequent medical check-ups.


Increase of Life-threatening Diseases

Various global and domestic organisations estimate that one out of every four Indians fall for life-threatening diseases before they enter the age 70. Unhygienic lifestyle led to the growing incidence of lifestyle disorders including cancer, stroke, cardiac arrest etc. which seek immediate attention. Health insurance policies offer regular check-ups to boost health awareness. Treatment for these illnesses is also expensive. In this scenario, health insurance is your only rescuer.

Tax Benefit

The most alluring benefit of a health insurance plan is you can save on tax. As per the Section 80D of Income Tax Act, the premium paid for your heal insurance plan is exempted from the tax deduction. As per the new budget 2017, the finance minister has increased the limit from Rs. 15,000 to 25,000. While the senior citizen can enjoy tax-benefit up to Rs. 30,000 on health insurance premium.

It Covers More than Hospitalisation

Health Insurance plans cover you for day care procedures and OPD, apart from the hospitalisation. Some plans cover vector borne diseases, maternity benefits that are the prominent concern these days. Also, you can add your newly born without paying any additional premium.

Health insurance has ample benefits, these are just a few of them. Considering these benefits, to deal with the ever rising medical inflation, one must have a health insurance plan. With Star Health Insurance, you can customise your need and plan accordingly. 

Friday, 4 August 2017

Zero Depreciation Car Insurance Cover - Bajaj Allianz

We can consider Bajaj Car Insurance among the leading insurance plans. Some prominent insurance companies dominate the car insurance market in India and Bajaj Allianz is one of them. With its innovative and customer oriented plans, it has been maintaining its repute since long. If we are talking about car insurance plan offered by Bajaj Allianz, the most innovative feature, mainly the add-on facilities are worth mentioning.

Car values are prone to depreciate over a span of time. Owing to incessant use, the wear and tear lead to a decline in the value of the car, what is called depreciation. Depreciation is something that no car owner can flee, irrespective of insured or not. However, for insured one, the depreciation value is covered by the insurer.

If you are owing an above average or a luxury car, you may end up paying for a huge chunk while repairing the damages as most of the car parts are expensive. In the extreme cases, the expenses may add up to INR 1 lakh that you may have to bear by own with a standard cover. But if you add a zero depreciation plan, it will pay the amount in full for a slightly higher premium, not more than 20%. The head person of motor insurance Bajaj Allianz General Insurance says that the depreciation deductions can be higher that may exceed 40%. Bajaj Allianz offers zero depreciation along with the roadside assistance with car insurance. Here is a quick view of the plan:

What Zero Depreciation Plan is All About

  • ·         By paying a little extra, you can avail the benefit of zero depreciation, which is an add-on benefit you can buy with your main car insurance policy.

  • ·         A standard car insurance plan doesn’t cover zero depreciation or you end up getting paid for depreciated value of the car.

  • ·         At the time of claim settlement, the insurer estimates and applies the defined depreciation rate to pay the actual amount for claim settlement.

  • ·         With a zero depreciation plan, the insurer settles the claim by paying the full car value without any depreciation. If not then you’ll have to bear the difference between the market rate of the new part and the depreciated one.

  • ·         You can experience a hassle-free claim settlement process with zero depreciation cover

  • ·         This plan is worth buying if you own a brand new car because the premium won’t cost you much as compared to the expensive car parts


Bajaj Allianz Auto Insurance Depreciation Charge

Parts
Depreciation Rate
Rubber/plastic parts, Tyre
50%
Glass made of fibre
30%
Metallic parts
0-50%
Parts with painting
50%

Zero Depreciation: Let’s Take an Example


You may obstruct with the whooping repairing costs of 1 lakh incurred for damages due to an accident, your car met with. However, you are sure enough and take a sigh of relief thinking your insurer would cover the expenses incurred. But when you file the claim asking for the reimbursement, you end up paying up to 50% of the total cost. Why? You forget to buy an add-on zero depreciation cover. At the time of claim settlement, the insurer calculates the depreciated rate of your car and makes the final payout for the damaged car parts. With a zero depreciation cover, you can ask for the full value of your car with any deduction. 

Tuesday, 1 August 2017

Understanding Cigna Health Insurance

Despite maintaining a healthy lifestyle, we are exposed to many health risks. Owing to the medical inflation each year, sparing a small amount from our regular expenses and invest in health insurance becomes crucial. But with the undue amount of insurance plans in India, choosing the adequate policy for you and your family is an arduous task. However, the onus of making a farm decision, through exploring the market and choosing the best health insurance, is always on you. When it comes to health insurance, among the leading plans available in India, Cigna Health Insurance is worth mentioning. Before digging into its various health insurance plans, let’s have a glance on company’s background!

U.S. based worldwide health services provider, Cigna Corporation and Indian conglomerate, TTK Group had joined hands to create Cigna TTK Health Insurance Company Ltd. It started its operations in February 2014 after receiving the regulatory license from IRDA in the year 2013. This partnership was expected to bring innovative revolutions in the field of health insurance with a proactive customer service to the Indian financial market. Having its head office in Mumbai, it manages the services in 11 other cities across the country.

Health Insurance Plans by Cigna TTK     

  • ·         ProHealth Protect Policy
  • ·         ProHealth Preferred Policy
  • ·         ProHealth Accumulate Policy
  • ·         ProHealth Premier Policy
  • ·         ProHealth Plus Policy
  • ·         Lifestyle Protection - Accident Care Policy
  • ·         Lifestyle Protection - Critical Care Policy


Cities Where Network Hospitals are Available

  • ·         Delhi
  • ·         Mumbai
  • ·         Kolkata
  • ·         Bangalore
  • ·         Chennai


Plan Name
Sum Assured
Entry Age
Pre and Post Hospitalisation
ProHealth Protect Policy

Rs. 2.5/Rs. 3.5/Rs. 4.5
Minimum age eligibility is 91 days. No maximum age limit
Pre and post-hospitalisation costs are covered up to 60 days
ProHealth Preferred Policy

One can choose the sum assured between Rs. 15 lakh/30 lakh/50 lakh
Minimum age eligibility is 91 days. No maximum age limit
Pre-hospitalisation costs are covered up t o 60days while post hospitalisation benefits are offered for 180 days
ProHealth Premier Policy

Rs. 1 crore
Minimum age eligibility is 91 days. No maximum age limit
Pre-hospitalisation costs are covered up to 60 days while post hospitalisation benefits are offered for 180 days
ProHealth Plus Policy

Rs. 4.5 lakh/Rs. 5.5 lakh/Rs. 7.5 lakh
Minimum age eligibility is 91 days. No maximum age limit
Pre-hospitalisation costs are covered up t o 60days while post hospitalisation benefits are offered for 180 days
Lifestyle Protection - Accident Care Policy

Rs. 3 cr.
Minimum entry age is 18 years and the maximum is 80 years. Children can be added from the age of  5 years, up to the maximum age of 25 years.
NA
Lifestyle Protection - Critical Care Policy

Sum assured are offered to a limit of 3 cr.
Minimum age eligibility is  18 years and maximum is 65 years
NA


 Features of Cigna Health Insurance Plans

  • ·         The health insurance plans of Cigna offers lifelong renewability and you will be covered for an entire lifetime.
  • ·         To cover any pre-existing disease, you’ll have to serve for 4 continuous years.
  • ·         Plans are designed to cover  critical Illnesses and a global emergency cover is offered
  • ·         Plans also provide reimbursement of Rs.500/- every year to cover outpatient costs such as doctor’s consultation fee
  • ·         NCB discount for every claim-free year



Cigna TTK with its affordable plans makes the health care easily accessible to the common people. Most of its plans promote personal health management. These plans are designed by keeping the potential proposer’s profile in mind. With the health insurance offered by Cigna, you can keep your stress at bay as they cover different situations. However, we suggest you compare the policies on various aggregator sites available online!

Friday, 28 July 2017

Keep Your Health Worries at a Bay with Oriental Insurance Health Plans

With increasing lifestyle diseases, having a health insurance plan is an augment. The hefty medical bills for considerably small to large illness always a pain and may drain you financially. Finally, you end up burning a hole in your savings. With escalating medical expenses, you even compromise on the quality of health care when it comes to affordability. The importance of a health plan is realised here, which cover you or your family in a critical health condition and you don’t require to compromise on the quality.

With the health insurance market dominating by various leading insurance companies, Oriental Insurance Company has joined the race with various insurance products. Oriental insurance medicalim is one of them, which has started gaining attention from the customers due to the benefits and services offered. There is a sneak peek on various health insurance plans offered by the company. 

Types of Health Plans Offered by Oriental Insurance Company
  • ·         Oriental Insurance Individual Health Policy
  • ·         Oriental Insurance Group Policy
  • ·         Happy Family Floater Health Insurance Policy
  • ·         Overseas Mediclaim policy
  • ·         Health of Privileged Elders
  • ·         Jan Arogya Policy
  • ·         PNB Oriental Royal Mediclaim
  • ·         Pravasi Bharatiya Bima Yojana

  

Plan Name
Benefits
Sum Assured
Pre & Post Hospitalisation Terms
Pre-existing Ailment Cover
Oriental Insurance Individual Health Policy

·         Avail family discount if more members are included in the policy
·         Hospitalisation costs, ambulance costs, ICU expense, consultation fee, surgeon fee, anaesthesia, specialist fee are covered, blood, operation theatre costs, oxygen etc.
·         Daily hospital cost
·         In case of person beyond 65 years old, no medical check-up is required
·         Lifelong renewability
·         Personal accidental cover on optional basis
50,000 to 5 lakh
Pre hospitalisation expense for 30 days prior to the hospitalisation and 60 days post hospitalisation is provided.
Pre-existing illness are covered after a waiting period of 4 years
Oriental Insurance Group Policy

·         Hospitalisation costs for a minimum of 24 hours, ambulance costs, ICU expense, consultation fee, surgeon fee, anaesthesia, specialist fee are covered, blood, operation theatre costs, oxygen etc.
·         Ambulance costs
·         Hospitalisation cost incurred by an organ donor

NA
Pre hospitalisation expense for 30 days prior to the hospitalisation and 60 days post hospitalisation is provided.
Pre-existing illness are covered after a waiting period of 3 years
Happy Family Floater Health Insurance Policy

·         Maternity costs are covered
·         Organ donor benefit is available when policyholder is the donor
·         New born baby coverage
·         Day care facilities
·         Daily hospital allowance
·         Domiciliary hospitalisation expenses
·         Personal accidental cover
·          
1.5 to 10 lakh
NA
Pre-existing illness are covered after a waiting period of 4 years
Overseas Mediclaim policy


INR 50,000 to 5 lakh
NA
Pre-existing illness are covered after a waiting period of 4 years
Health of Privileged Elders

·         Hospitalisation expenses, ICU cost, Surgeon cost, consultation fee, X-ray, Oxygen, Operation Theatre Expenses, Chemotherapy, Radiotherapy, Anaesthesia, artificial limbs etc.
·         Domiciliary hospitalisation costs
·         No Claim Discount
·         Cashless benefit through TPA up t INR 1 lakh

INR 1 to 5 lakh
NA
Only covers critical diseases
Jan Arogya Policy

·         Domiciliary hospitalisation benefit
·         Hospitalisation costs if admitted for 24 hours or more
·         Day care treatment
·         Expenses of blood test, oxygen, anaesthesia, X-ray, Dialysis, pacemaker, medicines & drugs, radiotherapy etc.
INR 5000 PA
Pre hospitalisation expense for 30 days prior to the hospitalisation and 60 days post hospitalisation expense is provided.
NA
Pravasi Bharatiya Bima Yojana

·         Personal accident benefit
·         Hospitalisation expense
·         Ayurvedic / Homoeopathic / Unani treatment, Hospitalisation expenses are
·         covered only if the patient is admitted to a Government Hospital

Up to INR 10 lakh
NA
Pre-existing illness are covered after a waiting period of 4 years

With skyrocketing inflation, it is hard to find best health care at an affordable or cheapest price. So it is better to have a good health insurance plan with maximum coverage. With Oriental Insurance health plans, you need not worry about the additional expenses or to compromise on the quality of health care. For detail information, you can browse over company’s official website! 

Read more here : Oriental Insurance Individual Mediclaim Health Insurance

Thursday, 13 July 2017

Everything you Need to Know About New India Assurance Top-up Plans

Benefits and Features of New India Assurance Top-up Plans

Top-up plans by New India Assurance are a blessing in disguise. It offers various benefits and features to the policyholders which are mentioned below.

  1. This plan covers the expense incurred by in-patient hospitalization all over India.
  2. This plan is applicable only when the total sum of the hospitalization expenses (excluding pre and post hospitalization charges) for the members of the insurance, exceeds the threshold as mentioned in the insurance plan.
  3. This plan responds for every hospitalization in case the threshold has been exhausted by previous hospitalization charges as per the sum insured stated in the insurance plan.
  4. The Sum Insured is the liability of the insurance provider for all the policy members.
  5. This plan offers safety in excessive of any health insurance policy that an Insured might have.
  6. In case there are any charge in excessive of Threshold, that is receivable from any other company, the Insured has an alternative to recover that from either that company or this plan. He can’t select both of the plans.
  7. The sum insured as per this plan will be above any reimbursement that is received from any other company if such amount exhausts the threshold.

Who can buy the Insurance Plan?
·         Any individual who fulfills the eligibility criteria mentioned below.
·         The person may or may not have any other medical Insurance plan.
·         This plan can be bought in an addition to any other medical insurance plan.

Eligibility Criteria
The plan can be purchased for an Individual or floater plan. The floater basis can cover up to 6 family members. In case the plan is issued on an Individual sum insured basis, then the separate document would be issued to every insured person.A family is inclusive of self, spouse, dependent children and dependent parents.

Entry Age
For Proposer- 18 years - 65 years of age.
For Other members - 3 months - 65 years of age.

Medical Screening
The following test would be carried for the initial medical screening.

ECG
ROUTINE URINE
BLOOD SUGAR (FASTING & PP)
CBC
SGPT
X–RAY CHEST PA VIEW
PHYSICIAN CHECK–UP
SGOT
CHOLESTEROL
TRIGLYCERIDES
EYE CHECK–UP FOR CATARACT & GLUCOMA











The tests mentioned above will be conducted and the proposer will have to bear its cost. In case the proposal is approved then, the insurer will reimburse 50 percent of these expenses.

Coverage Type
Sum Insured
Threshold
A
Rs. 5,00,000
Rs.5,00,000
B
Rs.10,00,000
Rs.5,00,000
C
Rs.15,00,000
Rs.5,00,000
D
Rs.7,00,000
Rs.8,00,000
E
Rs.12,00,000
Rs.8,00,000
F
Rs.17,00,000
Rs.8,00,000
G
Rs.22,00,000
Rs.8,00,000
Thresholds
Following are the incurred hospitalization charges that will be considered for defining the threshold under the plan.

·         The hospitalization should have taken place when the policy is active.
·         The Insured person should have been admitted as an inpatient as outpatient medical treatments aren’t considered.
·         The hospitalization must take place for any Illness or Injury.
Pre and post hospitalization expenses aren’t considered.