Air ambulances are aircrafts specifically designed to lift patients in emergencies to ensure that they reach their destination safely and timely to receive treatment. These aircrafts are well equipped with medical supplies and professional equipment such as ECG machine, ventilators, etc. The primary objective of these Read more

While traditional medicines such as Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy (AYUSH) were earlier not covered by health insurance policies, the situation has changed since 2013, with some renowned health insurance providers now providing policies that cover these alternative forms of treatment Read more

Co-payment is a unique feature of a health insurance policy, wherein you agree to pay a percentage of the medical expense, and the insurance policy takes care of the rest of the amount. The percentage of co-payment (or co-pay, as it is often called) can vary from 10% to 50% and is clearly Read more

When recovery from disease and hospitalization is prolonged, insurance providers provide a lumpsum cash benefit to policyholders, which can help them overcome any loss of income arising due to hospitalization. This benefit is known as convalescence benefit or recovery benefit and is Read more

Claim payout is made through direct cashless disbursement to the hospital at the time of discharge or through reimbursement to the patient later. To make a valid claim, most insurance policies require that the patient be hospitalized for at least 24 hours Read more

To plan your finances is good, but at the same time, doing it smartly is equally important. Securing your health is a crucial part of smart financial planning. Read more

Domiciliary Hospitalization is a special provision in a health insurance policy, wherein the insured patient is hospitalized while he/she is at home. Read more

A health insurance deductible is the amount that the individual must pay from his/her pocket before the insurer pays for the medical expenses from the policy coverage. When the insurance policy has a deductible clause, the individual is required to pay the deductible amount towards Read more

A family member for whom an individual is willing to provide healthcare and insurance coverage by adding them to his/her insurance plan is called a dependent. An individual’s spouse, children or parents qualify as dependents. With respect to a personal accident cover, dependent children are those aged between Read more

Education benefit is financial cover that is given by insurance companies to surviving dependent children in case the policyholder meets with an accidental death. Education benefit facility is provided in accordance with the personal accident insurance policy. Read more

You must know of demat accounts which hold stocks and other forms of investments. Similar to a demat account, the insurance sector. Read more

The Free Look Period is the window during which the individual may review the policy and return the policy if he/she is unsatisfied with its terms and conditions. It is considered as the grace period during which the policyholder can revisit his/her coverage and make an appropriate decision. Insurance Read more

Health plans come with a fine print of permanent exclusions in health insurance and can give you one nasty blow at the time of filing a claim if you are caught unawares Read more

Buying a health insurance is an important decision. It requires research and understanding of the policy benefits and terms. There are a number of technical terms associated with a health insurance plan. It is essential to understand the health insurance terms Read more

It is important to have a health insurance plan, especially so if you lead a sedentary lifestyle. Hence, you should get one while you are young and fit. Read more

Insurers are popularly referred to as the ‘first-party’ in the insurance policy documents, whereas the insured is referred to as the ‘second-party’ Read more

Many times individuals invest in a health insurance plan without having detailed knowledge about the terms associated with it. When insurance companies sell health insurance, they are aware that a number of policyholders will come to them with a claim and there will be high payouts Read more

There are a number of terms and jargons associated with a health insurance plan. If you find it difficult to choose between the policies available in the market, you need to begin with understanding the health insurance terms Read more

The ‘Orphan Benefit’ or survivor benefits is offered by health insurance companies to the surviving dependent children of a policyholder, who has passed away due to an accidental death. This benefit is offered under the accidental death cover, which is a contract between the insurance company and the insured Read more

The parental accommodation benefit is offered by some health insurance companies that cover the accommodation expenses of the parents of a patient in case he or she is a minor. There are certain rules regarding this Read more

Before you make a decision to buy a health insurance policy, it is important to gain an insight into the terms associated with the same. An understanding of health insurance terms and benefits offered will help you make the right decision. Read more

‘Reload of Sum Insured’ is a health insurance benefit that allows the policyholders to get their sum insured reinstated in case it is exhausted. A 100% reload is offered by the insurer when the insured requires cover for any accident or unrelated illness. The reload benefit is offered only after the first claim Read more

With the rising medical costs and increase in lifestyle diseases, it can become difficult to avail of the best healthcare facilities without a health insurance. Insurance will allow you to get the best treatment and medication in case of an illness without having to worry about the cost associated with the samed Read more

Medical expenditure can put a strain on the finances. The cost of medical treatment is constantly rising and there are increasing numbers of lifestyle diseases that spell a warning for the finances. You cannot have a planned illness or hospitalization; Read more

The Zone-Based Premium is a price computing method used by different insurance companies. This system allows them to set a premium price according to the city where the policyholder resides. This allows people who live in smaller cities to buy health insurance for a more affordable premium... Read more