Kolkata: The Covid-19 pandemic has firmly asserted the importance of health insurance more than ever, the industry captains have said, demanding a GST rate cut on premium along with hike in tax exemption and giving infrastructure status to healthcare facilities in Union Budget 2022-23 in order to boost the penetration of health insurance in India.
The pandemic has shown many consequences. One of which is not having enough funds to manage your medical emergencies, especially without health insurance plans. Sooner or later, people realized the importance of health insurance in their life. However, buying a new policy creates a stir in mind with so many options available. Comparison is a must, but what should be the parameters? Here is a complete guide to help you focus on a few specific points that need to be taken care of while purchasing health insurance plans.
New Delhi/UNI: SBI General Insurance, one of India’s leading general insurers, has announced the launch of a comprehensive health insurance plan named ‘Arogya Supreme’ on Thursday.
Kolkata/IBNS: Efficient & timely insurance services to policy holders are the need of the hour, said Suresh Mathur, Executive Director, Health Insurance, Surveyors, IMF & Reinsurance, Insurance Regulatory & Development Authority of India (IRDAI).
New Delhi/IBNS: Insurance regulator IRDAI on Friday asked the insurers to settle the claims of policyholders on cashless basis after reports emerged that some hospitals demanded cash payments from Covid-19 patients.
Mumbai/IBNS: Users of messaging app WhatsApp in India will have access to a string of “critical financial and livelihood services” for which talks are going on with leading banks and service providers.
New Delhi/UNI: The Coronavirus pandemic has led to a steep hike in health insurance premium by 250-300 per cent, which poses a big challenge to the middle class families.
Meet 45-year old Mr. RajanSrinivasan, a factory manager at a food processing unit in Delhi. He has amonthly income of approximately Rs 75,000 with the expenses of a 6-member family, including his wife, two teenage children, and aged parents.
Health insurance is an investment to protect yourself and your family. Contrary to the common belief, a medical insurance policy is not an expense. Your policy covers your hospital cost if you suffer from a health disorder. There are various plans to cover your health risk that are flexible and can be customized. It is important to understand why you need a medical insurance policy from a fundamental perspective first.