While health insurance typically covers hospitalization expenses for severe health conditions, it often ‘does not cover’ routine check-ups or doctor appointments. Should you consider a health insurance policy that includes outpatient department (OPD) expenses?
OPD Health Insurance is Big Relief if You have Pre-Existing Ailments Read More »
The 2024 Union Budget’s emphasis on digitization marks a new era of digital transformation and opportunity for the Indian life insurance sector. From enhanced customer experiences to greater innovation and efficiency, the benefits of digitization are manifold for both insurers and policyholders. As the industry embraces technology-driven solutions, policyholders can look forward to a future where insurance is not just a safety net but a seamless and empowering tool for financial security and peace of mind.
Union Budget’s Digital Transformation in Life Insurance: Impact on Policyholders Read More »
Risk Management in health care and health insurance plays a seminal role in protecting the interest of policyholder, distribution and of course companies itself. It is imperative that in the health care or health insurance organisation it should have qualified risk managers to identify, assess, develop, implement and monitor the risk management process.
Risk Management in Health Insurance – The Way Forward Read More »
IRDAI Draft Guidelines On Standardization Of Individual Health Product
IRDAI Guidelines on Individual Health Insurance Plans Standardisation Read More »
Among the various legislative frameworks addressing this need, one scheme stands out as a key contributor to fulfilling health insurance requirements for workers. This scheme reflects a commitment to the welfare of workers, emphasizing the importance of accessible and affordable healthcare for those contributing to the economic fabric of the nation.
Which Scheme of Act Provides Health Insurance Requirements for Workers? Read More »
The IRDAI has shortened the eight-year moratorium period that renders claims unrebuttably due to omission of pre-existing disease disclosure to five years. Similarly, policyholders will now only need to wait three years rather than four for their declared pre-existing conditions, like diabetes or hypertension, to be covered due to a shortened waiting period for pre-existing illnesses, according to Dr. B. Mishra, Director of Claims, Underwriting and Product Niva Bupa Health Insurance.
It is critical that policyholders comprehend cumulative bonuses. Insurance firms offer this benefit to policyholders who do not submit any claims throughout the course of the policy year as a form of encouragement. A cumulative bonus encourages people to prioritize preventative care and adopt healthy lifestyles, which reduces the number of claims.
Cumulative Bonus in Health Insurance – Why You Should Know About It? Read More »
