Health insurance aims to bring a person’s medical or surgical expenditures under the ambit of insurance sector where you come into an agreement with an insurance company so that the latter will pay, when needed in future, your hospitalization and any other medical expenses in lieu of an annual premium. Medical care is an unavoidable expense which is also expensive in the private health sector. No one knows when you will be in need of medical care. It is wise to choose a health insurance package when you can pay in advance rather than looking for money at the old age when you can’t even work to get paid. The various benefits you will enjoy are instant cashless treatment, pre-hospitalization coverage, transportation charges, bonus for no claim, medical check-up and tax benefits. It is imperative choosing the best health insurance should be your focus in the younger age.
You never know what kind of medical emergency might come across your or your family’s way and you can’t always be financially well prepared to handle this kind of emergencies. So, getting health insurance is a must in the current era. There are a plethora of companies ready to hand out health insurances to you […]
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In 1940, less than 10 percent of Americans had group health insurance through their employer. Fast forward to 1955, and 70 percent had it. Today, 90 percent of Americans with medical expense insurance have it through their employer. What triggered this rush toward employer-sponsored health insurance? This is an example where the invisible hand of […]
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Health Insurance is a kind of insurance that provides financial coverage against the medical/surgical expenses incurred by the insured. Nowadays, several insurance companies offer health insurance plans to their customers that provide various health benefits, including cashless hospitalization, tax benefits, coverage for critical diseases, etc. It is important to purchase a health insurance policy since […]
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Pradhan Mantri Jan Arogya Yojana (PMJAY) which is also referred to as Ayushman Bharat Yojana, is a health insurance scheme that intends to offer financial protection to economically weaker Indian population who are in need of health care facilities. Launched on 23rd September 2018 by Prime Minister Narendra Modi, PMJAY aims to offer coverage of […]
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Have you often been baffled or confused while going through all the different health insurance schemes? Trust me, you are not alone. We all have been there and here’s the end of all the confusion and overwhelm over the copious number of different health insurance schemes. The Insurance Regulatory and Development Authority of India (IRDAI) […]
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Health insurance in today’s time is a necessity, keeping in mind the exorbitant cost of healthcare in India. If you have a family and you happen to be the sole breadwinner, family healthcare is indisputably one of the most important priorities of your life. Therefore, family health insurance is the most appropriate health insurance plan […]
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Q. What is a Health Insurance? Ans. Health insurance refers to a special kind of insurance which can be used to cover medical expenses. It is basically an agreement between the insurance company and an individual or a group of individuals where the insurance company signs an agreement to provide medical insurance to the individual […]
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Healthcare costs have been rising at twice the rate of general inflation in the country. With 15%-20% inflation in healthcare, a medical cover seems like the need of the hour. However, most people tend to overlook the many benefits of having health insurance plans and instead opt to invest in one due to the tax […]
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Medical and Medicare costs are rising year-on-year, therefore, it is important for an individual to purchase a health insurance policy. Inflation in Medicare is in the double digits, which is much higher than inflation in food and other areas. A health insurance plan is taken by an individual to cover for his or her surgical […]
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For every individual, health insurance plans have become a necessity due to a high number of lifestyle diseases and a double-digit medical inflation in the country every year. Buying a health insurance policy also helps in partially or fully covering surgical and medical expenses of an individual. A health insurance policy is basically an agreement […]
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