If you have tried to buy health insurance you might have come across terms like “Restoration of sum insured” or seen ads promoting 2x or 3x, cover etc. But what do these terms really mean? In this article, I have discussed in detail: I will try to explain this term with a practical example. Suppose … Read more
In simple terms co-payment in Health insurance is the percentage of claim amount that a policyholder has to bear. Insurance regulator IRDA has defined co payment in insurance in Master Circular on Standardization of Health Insurance Products dated 22nd July, 2020 as: “Co-payment means a cost sharing requirement under a health insurance policy that provides … Read more
The Insurance Regulatory and Development Authority of India (IRDA) on March 20, 2024 through its circular “Insurance Products Regulations, 2024” has introduced changes regarding pre-existing diseases and the moratorium period in health insurance policies. In this article, I have discussed- Pre- existing disease(s) Before the current changes, IRDA’s Master Circular on Standardization of Health Insurance Products, dated … Read more
Does your health insurance policy cover home dialysis? Dialysis is often recommended for patients with chronic kidney diseases, where the kidneys have sustained irreparable damage. The only way left to replicate the functions of the kidney in such cases is through dialysis. Generally, Health insurance policies cover expenses related to chronic kidney diseases, including dialysis … Read more
Star Health Insurance Company’s comprehensive health insurance and family health Optima policies stand out as top-selling insurance products in the Indian market. The similarities between these two policies creates a lot of confusion among customers, making it challenging for them to decide which policy to choose. I have emphasized the difference in coverage between these … Read more
Choosing the right health insurance terms is crucial because you’re making a long-term commitment. You’ll be paying premiums for years, so understanding vital terms ensures your coverage truly suits your needs when you eventually need it. The term “hospital room rent limit” in health insurance policies may seem straightforward, but its scope extends beyond solely … Read more
Physiotherapy is recommended by doctors for various conditions related to muscles, bones, joints, ligaments, and tendons. This includes conditions like arthritis, back pain, sprains, and strains. Physiotherapy helps patients recover and regain mobility after surgeries, such as joint replacements or orthopedic procedures. Apart form these physiotherapy is also prescribed in various other cases like sports … Read more
Religare Health insurance company rebranded itself as Care Health insurance company in September 2020. Companies rebrand themselves for a number of reasons, and the decision may typically be driven by a combination of internal and external factors. The evolving demographic landscape of Indian youth is creating fresh opportunities for health insurance companies. In response, Religare … Read more
Bariatric surgery, a weight-loss procedure, has become increasingly important in India due to the rise in obesity-related health issues. Does insurance companies cover the bariatric surgery cost under their health insurance plans? In this post We will analyse this in detail. As per WHO BMI greater than or equal to 25 is overweight and BMI … Read more
Happy family floater policy is flagship family floater product by oriental insurance company. In 2021 policy underwent revision which includes incorporation of new terms.