Posts

Knee Replacement Surgery Health Insurance

The knees sustain the entire body weight and facilitate movement. This is why poor knees can be so inconvenient, especially for the elderly. While knee replacement surgery is the final solution, it might cost anywhere between Rs 50,000 and Rs 2 lakh. If you do not want to deplete your funds, you must purchase a health insurance plan that includes knee replacement coverage. While some insurance companies allow you to file a claim for payment for knee replacement surgery, only a few of them offer supplementary risk coverage for a knee replacement among critical illness insurance in India. Continue reading to find out more about knee replacement surgery, commonly known as arthroplasty. What exactly is a knee replacement/arthroplasty? Our seemingly simple knee joints are readily jeopardized due to a variety of variables that we may initially overlook. The most prevalent reasons are ageing, a sedentary lifestyle, obesity, and a variety of other conditions. While osteoarthritis is known to
Post a Comment
Read more

Is it possible to get health insurance policy with no waiting period?

  You've probably heard the term 'waiting period' if you've been looking to get the best health insurance in India . In India, practically every health insurance coverage includes a waiting period. However, depending on what your insurer offers, you can purchase a plan with a minimum or no waiting time. What does the term "Waiting Period" in health insurance mean? The waiting period, as the name suggests, refers to the amount of time you must wait before you may use the benefits of your health insurance coverage. This duration is computed from the day your policy begins and is dependent on your insurer and certain diseases/health conditions as specified in your policy terms. The waiting period is predetermined for a number of health problems, plan type, age, and medical history. Your insurance will deny any claim you make before your waiting period has expired. What are the various waiting periods? Waiting periods vary greatly amongst health insurance policies
Post a Comment
Read more

Everything You Need to Know About Family Health Insurance Plans

One of the key reasons for purchasing health insurance coverage is to protect the family's finances from escalating medical costs. Today, many insurance companies offer a wide choice of the best health insurance plans with a variety of benefits, such as speedy claim settlement, maternity coverage, a larger network of hospitals, and so on.  What is the definition of family health insurance?  Family health insurance policies, as the name implies, cover all family members for medical expenses under a single policy. The set sum insured is shared by all family members under the family health plan. This means that if you buy a health insurance policy that covers four persons and has a sum insured of Rs.20 lakhs, anyone can use it to cover treatment costs up to a maximum of Rs.20 lakhs. The Advantages of Purchasing a Family Health Insurance Policy Many people would rather get a family floater health insurance policy than individual coverage for each family member. Let us look at the main
Post a Comment
Read more

How does the Mediclaim policy operate?

A cashless Mediclaim policy is one in which the insurance company and the network hospital settle medical expenditures and hospitalization charges directly. The policyholder is not required to pay any cash. This perk allows you to avoid the reimbursement process at any network hospital. With cashless Mediclaim coverage for families, you can get the greatest treatment without having to worry about finding the money. Let's take a look at how it works and what you should know about cashless mediclaim coverage. What Is the Process of Cashless Mediclaim? When you buy a Mediclaim policy, the insurance company gives you the option of making cashless claims. In other words, you will not be obliged to pay any cash for the costs of medical treatment and hospitalization in the insurance company's network facilities. The insurance company will manage the expenses directly. To use the cashless Mediclaim service, the patient must be admitted to one of the network hospitals. These hospitals
Post a Comment
Read more

Are Accidental Injuries Covered by Health Insurance?

Every car owner is required by law to have third-party insurance. However, experts frequently advise that you purchase a complete plan so that any damage to your own vehicle is also covered. As a car owner, you are now guaranteed that human-caused (theft, vandalism, riots, accidents) and natural-caused (flood, earthquake) damages are covered. But what about your medical coverage in the event of an accident? Injuries sustained in an accident may necessitate lengthy care, increasing your financial burden owing to mounting medical expenditures. As a result, you should purchase personal accident insurance, if you do not have any group personal accident insurance policy already, in addition to your medical insurance coverage. In India, does health insurance cover accidental injuries? You undoubtedly evaluate issues such as the sum covered, advantages, inclusions, and exclusions when acquiring medical insurance. What you usually don't realize is whether or not accidental injuries are co
Post a Comment
Read more

What precisely is Critical Illness Insurance? Should I purchase it?

When Manju's husband was diagnosed with a brain tumor, they were both devastated. To make matters worse, they only possessed a medical insurance policy that covered hospitalized costs except for serious ailments. He was also unable to work due to the severity of his sickness. As a result, they had to deal with both financial and health problems because they lacked a critical illness insurance policy that would have provided an additional safety net. Many people, including Manju and her husband, are unaware of the advantages of critical illness insurance coverage. Even if they are aware, they are unable to decide whether or not to purchase one. Read on and learn more about critical illness cover and its significance in modern life. Critical illness insurance: What is it? Life-threatening illnesses, including cancer, renal failure, liver transplant, etc., are covered by a critical illness insurance policy. When a critical illness covered by the health plan is diagnosed, compensatio
Post a Comment
Read more

Health Insurance: What You Need To Know For Upping Your Tax Saving Strategy

  Are you preparing your taxes for the current fiscal year? Great! You must already be aware that section 80D of the Income Tax Act provides tax benefits for health insurance premiums paid for you or your family. According to the legislation, you can deduct any premiums plans you pay for health insurance for parents , relatives, or children. Whether or not your parents or children are dependent on you, you are still eligible for this deduction. The total amount of tax benefits you can receive is also limited. The maximum tax benefit deduction amount is based on the insured person's age. If the insured person is younger than 60, the highest tax deduction that may be claimed is Rs. 25,000 per year. On the other hand, the deduction granted is Rs. 50,000 if the insurance is older than 60. You can receive a maximum tax advantage of Rs. 1,000,000 if you have health insurance for yourself and your parents, who are at least 60 years old. You receive benefits on premiums paid for health che
Post a Comment
Read more