Changes in lifestyle and other factors particularly in urban areas have made living longer but less healthy these days.Which is why having the best health insurance policy is a necessity for everyone today.The question arises ‘how much health insurance is required per month for a single person.’The answer is simple.A single person wanting to buy a health insurance policy during his/her early life stage should choose health insurance above 3 lakh.This will enable them to get the required covered and deal with the medical expenses incurred on hospitalization due to sickness.Moreover, during an early age, the chances of falling ill and raising a health insurance claim is very low.That means you happen to reap the benefits of No Claim Bonuses (NCBs) or cumulative bonuses, thereby increasing your sum insured year on year up to a certain limit.Now let’s discuss how health insurance is required for a family.At a time when medical inflation has remained 15% annually, healthcare costs have been rising continuously for the last one decade or so.If you don’t buy one just because you are young, you are putting your life at risk.If it happens, you will have to burn a big hole in your pocket, draining your well-calculated budget.
The policy also allows adding dependent children between the age of 91 days and 25 years.Up to 30% of annual policy premium as Health Returns and 100% reload of the sum insured in case of unrelated illnesses and accidents within the same year are also available.Key Inclusions and Benefits under the PlanTransportation expenses to a network hospitalOrgan harvesting expenses caused to the donor60 days pre-hospitalization and 180 days pre-hospitalizationIn-patient hospitalization without any limitations of diseases covered or room rentSecond e-opinion on critical illness coverageDaily hospitalization cash benefits availableDaycare procedure and domiciliary treatmentMaternity cover, including cover for newborn baby, vaccinations, medical essential treatment and lawful termination of pregnancyFree health checkup once every yearOther benefits under the Activ Health Platinum – Enhanced Plan include worldwide emergency Aid, recovery benefits, which include 1% of the sum insured and a maximum of up to Rs 10,000 in case of 10 days or more of hospitalization.Moreover, Complete Health Insurance offers coverage for senior citizens as well as add-on covers, such as Wellness and Preventive Healthcare, Outpatient Treatment, and Maternity & New Born Baby Cover.Inclusion and Benefits under the PlanFloater cover provides coverage for the entire family under a single policyFree health checkup available for every policy year.A maximum of 2 coupons are allowed per year for floater policiesMedical cover for 30 days pre and 60 days post hospitalizationDay-care expenses for surgeries and proceduresCover for room rent, doctor/surgeon’s fee, medicine bills, etc.Restoration benefits of up to 100% of sum insuredAYUSH treatment cover, available in inpatient conditionAmbulance cover a maximum of Rs 1500 per hospitalizationComplete Health Insurance ICICI Lombard also provides add-ons to enhance benefits, including Hospital Daily Cash, OPD Cover, Newborn Baby Cover, Donor Expenses Cover, and Critical Illness Cover.4.It is a super saver policy, designed to cover the entire family members at an affordable premium.Health check-up for every claim-free year is availableKey Inclusion and Benefits under the PlanIn-patient hospitalization like room charges, ICU, nursing expenses, surgeon’s fee, etc.Pre and post hospitalization 60 days and 90 days respectivelyAir ambulance up to 10% of the basic sum insured3 times automatic restoration of the sum insured by 100% for every complete exhaustionOrgan donor expense up to 10% of the sum insured or Rs 1 lakh, whichever is lessNewborn Baby cover subject to 10% of SI or Rs 50,000 whichever is lessEmergency Domestic Medical EvacuationBesides, Star Health Optima also covers Second Medical Opinion, offers a bonus of 25% of the basic sum insured in the second year and an additional 10% for subsequent years.5.
Top-rated health insurance companies go a long way to help you cover your medical expenses and reduce the possibility of serious illness.It is therefore important to buy a health insurance product from an insurer that has the highest customer satisfaction rate and one that fulfils all your medical needs.To find an insurance company with the highest customer satisfaction, you must consider these two things: Incurred Claim Ratio and Claim Settlement Ratio.Incurred Claim Ratio (ICR)Incurred Claim Ratio is the ratio of the accurate claim settled by the insurance company to the net premiums received in any given year.If the ICR of a health or general insurance company is very low, it shows that the claim settlement process of the company is not good.However, experts are of the view that market presence of an insurer may be doubtful in case of very high ICR.between 75% and 90%.Every year, Insurance Regulatory and Development Authority of India (IRDAI) publish a report that contains many details of insurers, including Incurred Claim Ratio.
Health insurance is a shock absorber that gives you the security to run your life smoothly even when you find speed breakers en route.While taking health insurance coverage, there are specific criteria that affect your premium.Smoking is one of them.
And the government has taken a step to vaccinate all adults (who are 18 years old or above) to ensure that maximum numbers of Indians take the coronavirus vaccine jab when the second wave of the pandemic is constantly rising.Come May 1, the coronavirus vaccine shot will be given to everyone.The COVID-19 vaccination is one of the safest ways to fight against the new virus.Find below the stepwise guide to register yourself for COVID-10 vaccination.Registration through Co-WIN PortalStep 1 - Eligible citizens can book their slots online via the government’s Co-WIN Portal or the Aarogya Set App.However, each member will need to submit their own photo identification number.Step 4 - Once you enter the OTP, a page will open where you are required to fill in details with your name, age, gender, and area of resistance.Step 5 - After registering the address with the area pin code, you will see a list of hospitals in your area.
Amid the fearful situation, a wealth of misinformation about Coronavirus new strains also prevails.The reports of increasing cases in India are unsettling.Thanks to the vaccine rollout and a slight dip in the positivity rates in this country.
What if we told you that your health insurance policy, when it nears exhaustion, to the point you have already claimed the maximum possible amount could also be redeemed?A super top-up health plan is what you need.
Your life is all about choices.Some we might regret, some we can't change.The superlatives good, better and best evolve with time, based on what stage of life you are at.
We all know what health insurance is, right?If a close friend of yours were to ask you about the benefits it brings along with itself, the rationale behind individualized premium calculations, and the different types of health insurances in the market, how would you break it down for them?
What are 3 things on your bucket list you wish to tick off before the age of 60?What are three long-term and short-term goals you want to achieve?And, what are three arrangements you have made as a safety net for the above two questions?
In every sphere, women from diverse backgrounds are emerging to be navigators!We must applaud and safeguard them at all costs for the ones constantly in a relentless effort to break through the glass ceiling.We, at Cover 360, are here to help add a badge of safety by helping women address a dire need, health insurance, primarily catering to their unique requirements.Irrespective of the fact that she is a stay at home mom or a working professional, everyone, every woman, needs to have a health insurance policy.Don't believe us?Let's dive a bit further and look at the benefits of purchasing a women's health insurance plan: The facility of cashless hospitalisation at the insurance company's network hospital chain.Coverage of pre and post medical costsHealth check-up coverage at authorised centres under most plansMaternity and child care benefits inclusive vaccination and pre-natal and post-natal expenditures.Coverage of extended family of the insurer under some plansAs per Business Standard, 3 in 5 women in India in their mid-30s are at high risk of heart disease.Coverage against critical illnesses, like breast cancer, cervical cancer, spondylitis, heart attack, stroke, and kidney failureEasy availing of tax benefits under Section 80DWomen in their 30s are more at risk of diseasesWith that being said, if you are a woman reading this or know a strong someone who must get a secured under a medical women's health insurance, here are 5 factors to ironclad your consideration:Women Are Prone to Ailments as They AgeAccording to research published by the World Health Organisation (WHO)In 2018, India's life expectancy was 67.4 for males and 70.3 for females.While women outlive men as per this global statistic, they are known to be at a higher risk of being tormented by critical diseases and inability.
The health insurance industry has witnessed exponential growth since its inception in 1986.As of now, 30 insurance companies are operating in the country.Out of these, 25 are General Insurers and 5 are Standalone health insurance companies.
A health insurance plan covers your needs during uncertainty.But what if the hospital bills exceed your insurance cover amount?Will you pay from your pocket?That’s where a top-up plan comes in handy.With it, you can avoid this situation.
Seniority brings with it a shoulder of responsibilities and duties towards your family and health.The age of sixty is not only the age of retirement but also the age of paying the utmost attention to your health.
Coronavirus (COVID-19) outbreak has been in the news for months.Though its vaccine has been developed in India, including many other countries, staying prepared for any untoward circumstances is the need of demand.If you already have a health insurance policy, the point is whether your health care insurance will cover the novel coronavirus.
The new strain COVID-19 has become a major concern.It was identified by the WHO, belonging to the south-east of England.In India, too the ‘N440K' and 'E484Q' variants of SARS-CoV-2 have been detected.
Are you on the lookout for buying medical insurance plans anytime soon?These 6 helpful tips will enable you to choose the right policy.
Do you love your family?But have you done anything to secure and protect your dear family?It is time you opt for a family floater health insurance that would protect the health of your family at low premiums.
With a number of health insurance companies available, choosing the best one is a daunting task.If you are not able to find the best health insurance company, this post is worth a read.In this post, we are explaining important factors that you should consider when searching for the best health insurance companies in India.
A critical illness insurance policy is a type of insurance plan that covers life-threatening diseases, such as cancer, lung disease, kidney failure, liver failure, stroke, multiple sclerosis, etc.The list of critical diseases covered under the policy is listed in the policy document.https://blog.cover360.in/Blog/-things-you-may-not-know-about-critical-illness-insurance-policy