rutujarane

The rising costs of healthcare have led to increasing awareness of the importance of having health insurance. This increase in awareness has, in turn, led to a gradual increase in demand for health insurance plans. Moreover, people are also becoming increasingly conscious of their unique needs and expectations from coverage. They want customizable health insurance plans that can cater to their own medical needs. And, to keep up with this, insurance companies offer a plethora of health insurance plans and add-ons for customisability. While having a variety of plans to choose from is great, it can often be confusing. Many people get flummoxed and often intimidated at the wide array of plans. Now, having the right information at hand can help you make the correct decision when it comes to buying coverage. In this regard, we have answered 6 common questions buyers normally have about health insurance. Question 1 – What is the best method of purchasing health insurance? There are a va...

  There may have been times when you felt that your health insurance premium was heavy on your pocket. You might have even been tempted to temporarily discontinue coverage. However, doing that is a bad idea as you stand to lose out on the protection of insurance as well as many benefits of continued protection like the no-claim bonus. Now, the good news is that there are many ways by which you can save money on your health insurance premiums. To help you understand, we have listed down 5 handy tips that will surely help you make big savings on health insurance plans . 1.     Compare health insurance premiums This is, perhaps, the most important tip if you are looking to save money on your health insurance.  Never simply go for the first plan you come across; make sure to compare at least a few health insurance plans before settling on one. This way, you can be sure of getting the best value for money. 2.     Remember to use the no claim bo...

Health concerns such as strokes, cancers, heart attacks, and kidney failures are all too common these days. It is quite likely that someone you know has been a victim of these health complications. The treatment required for these critical illnesses includes hospitalization, long-term medication, therapies, and so on. These treatments can put quite a dent in your savings. To avoid such a financial burden, a critical illness insurance policy is the way to go. However, there are many who are unaware of the benefits of such a policy. In fact, there are many myths regarding a critical illness insurance policy. This misinformation comes in the way of people getting the right coverage they need. To throw some light on these inaccuracies, we have listed down 4 myths on critical illness insurance which are not true at all: Myth 1: You do not need critical illness insurance when you are young When you think of illnesses, you mostly think of old age. However, it is very important to unde...

  In a world where the cost of healthcare has been increasing every year, it is difficult for numerous families to afford basic treatment. This is especially evident for middle-class families. Unaffordability of treatment can lead to the loss of loved ones. This is where having a good health insurance plan can come in handy during emergencies. There are various plans that are affordable and can be easily bought by anyone. The main objective of a health insurance plan is to help in covering the expenses of a medical treatment. However, there are certain exclusions that are there in the health insurance plan that you should be aware of as a policyholder. Given below are 4 exclusions of health insurance plan: Hospitalization due to drug abuse Consumption of drugs is illegal in India. Drugs cause long term health problems and are harmful for everyone. Addiction to drugs can lead to the complete destruction of one’s life. One of the major reasons why drug consumption is harmful is becau...

  Most banks offer you different types of accounts such as savings account, current account, salary account, etc. from which you could choose an account according to your needs and requirements. Savings account help people keep track of their savings and expenses that are carried out. This type of account is generally opted for by many people as it is more convenient. This is due to the various benefits and features provided to them. Here are some of the features of this account type. 1.       Easy transactions You could use your savings account to send and receive money. This could be completed by either net banking through the website or the mobile app of the bank through your debit card. This feature helps you to cut down on your dependency on cash for your transactions as you could pay most of your bills online. This even reduces the risk of theft as you would not be carrying cash with you. 2.       Payment of bills Th...

In an age where the cost of healthcare has been increasing, it is a wise choice to purchase a health insurance plan for you and your family. However, there are various plans that are available in the market that you can select from. Each plan offers different benefits, which may or may not suit your requirement. To get a better idea about what kind of policy you should buy and how much it will cost you, health insurance companies have a health insurance calculator on their sites. We have listed below 4 benefits of using a health insurance premium calculator before you buy your policy:   The calculator is free to use All the health insurance companies that offer health insurance plan have health insurance premium calculators on their websites. These calculators are free to use and do not charge any kind of fee for usage. You aren’t required to provide any kind of personal details such as your name or contact number either in order to access the calculator. It is easily accessible fr...