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Source: Live Mint When buying health insurance in India, it is good to know what the riders are so that your policy becomes more efficient and personalised as per your needs, aspirations and expectations. Also Read | Health insurance EMI: Key risks and considerations you should be aware of There are extra benefits tagged on…
Source: Live Mint NEW DELHI : A couple, in their 60s, bought a family floater health insurance policy from a private insurer in 2018. They never had to use it. Still, their premium surged 20% to ₹49,874 in February 2024. It was ₹41,813 in February 2023. They were shocked to see the further rise in…
Source: Live Mint I recently applied for a home loan, and the bank is urging me to buy home insurance. My property in Gurgaon, measuring about 1,500 sq ft, is valued at ₹3 crore, and my loan amount is ₹2 crore. However, the bank has sent me a quote with a sum assured of only…
Source: Live Mint Health insurance is essential for financial security in times of medical emergencies. However, rising premium costs can be a burden. Fortunately, there are smart ways to lower your health insurance premium without compromising on coverage. By making informed choices, you can ensure affordability while still getting the protection you need. Here are…
Source: Live Mint Insurance regulator IRDAI has allowed one time mandate for blocking the amount towards premium through unified payments interface (UPI mandate) for issuance of life and health insurance policies. This facility — known as Bima-ASBA (applications supported by blocked amount) — transfer of money from a prospective policyholder to the insurer will take…
Source: Live Mint The deadline for availing of tax-saving benefits is March 31st. Complete your investments and payments before this date to maximise your savings. Employers encourage tax planning every year, yet many find it stressful due to a lack of understanding. With the end of the financial year (FY2024-25)approaching, those in the old tax…
Source: Live Mint Union Finance Minister Nirmala Sitharaman has asked the insurance companies to increase the free look period to one year, compared to its current level of one month, according to a CNBC-TV18 report on Monday, February 17. According to the report, Nirmala Sitharaman also said that the committee has finished the internal consultation…
Source: Live Mint A health insurance premium is the amount of money a person pays to a health insurance company for health care coverage. Premiums can be paid monthly or annually. This depends on the kind and duration of health insurance opted by the consumer. Some of the leading health insurance companies in India are:…
Source: Live Mint My wife has been diagnosed with Glioblastoma (brain cancer). After surgery and radiation, her doctor has prescribed Temozolomide for five days as part of chemotherapy which will continue for 9 -12 months. Unlike other chemotherapy treatments that require hospitalization and allow for cashless claims, this medication—costing around ₹40,000 per month—does not require…
Source: Live Mint Q. What is the time limit for pre-existing diseases when buying a health insurance policy? Do I have to declare a decade-old hospitalisation or illness to the insurer? I declared an illness from 10 years ago, and the insurer has excluded it from the list of pre-existing diseases. Is this correct? Under…
