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When buying health insurance, it is important to think about whether your coverage would be better enhanced with the help of add-ons. These days, insurers offer a range of add-ons that can really enhance the protection your coverage has for you. One such add-on that is truly worth considering is the ‘critical illness cover’. This add-on can prove to be immensely helpful no matter your age. Let’s dive bit deeper and explore this add-on in detail. What is the critical illness cover?  The critical illness cover is an add-on that you can opt in for when you buy health insurance. This cover pays you – the policyholder – a lump sum amount if you get diagnosed with any of the critical illnesses included in the plan by the insurer. These days, critical illnesses like cancer are on the rise. Moreover, critical illnesses require a lot more treatment due to the general prolonged and serious nature of the illness. This can lead to heavy medical bills that can drain out your hard-earned m...

  A family health insurance plan provides coverage to the entire family under a single sum insured. When it comes to medical insurance for family members, it is easier for everyone to be covered under one single plan rather than get an individual health plan for each family member. Perhaps, the best aspect of health insurance plans for family is that the coverage is provided for all family members under one single premium. Understandably, the premiums of a family plan are higher than those of individual health insurance plans. These premiums are decided based on several factors.    In this article, we explore the major factors that affect the premiums of health insurance plans for family.  1. The age of the members insured   Individual health insurance plans also consider the age of the insured individuals as a primary factor in deciding the premiums. However, in a family with multiple members of different ages, how is the premium to be decided? Here...