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    • There is an option to buy health insurance policy that gives mental health coverage

      The basic conception of mental health problems in the country has greatly restricted the amount of people who wish to avail treatment for the problem. The problem of being viewed differently by the rest of the people has resulted more than 55 percent of the Indian adults to not seek help throughout the duration of their lives. The fact that these treatments are on the expensive side does not help the cause. Expenses and judgement from people are not the only things that is stopping people from availing treatment. The healthcare system that is in place in the country now is not very equipped to treat mental illnesses effectively. Many of the hospitals in the country do not have the required equipment to treat the ailment. The number of doctors available to treat these ailments is also relatively low in comparison. As part of the exposure draft that was submitted by IRDAI last year, mental illness and similar health issues must be included as part of the regular health insurance cover. Max Bupa and Reliance Health Insurance Company are two insurers who already offer insurance policies specially for patients with mental ailments.

      22nd July 2019

    • Under Ayushman Bharat, number of healthcare centres to go up to 40,000 by 2020

      The Government of India aims to have 40,000 primary healthcare centres, called Ayushman Bharat Health and Wellness Centres (AB-HWC) by 2019-2020. Currently, there are 19,000 such centres in the country. These centres will strengthen preventive and promotive health care across India. They will also include prevention and care of non-communicable diseases, maternal and child healthcare, immunisation, treatment for communicable diseases, and wellness activities such as yoga. Free diagnostic services and essential drugs are also being provided under the comprehensive health coverage plan to beneficiaries. However, services at the AB-HWCS are universally free. There are over 15,000 hospitals currently empaneled under the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) which is a component of the Ayushman Bharat Yojana. Out of these, 7,968 hospitals are in the public sector and 7,997 are in the private sector. An MoU has been signed for the implementation of the AB-PMJAY scheme with 33 of the states as well as Union Territories. Hospitals empaneled with the scheme have been provided with 1,393 benefit packages and rates that were decided as per the recommendations of a committee. The rates in the package can be adjusted to 10% plus or minus as per the suitability. The AB-PMJAY scheme’s entitlement is decided based on occupational and deprivation criteria as per the Socio-Economic Caste Census database.

      19th July 2019

    • Tax benefit reminder: You can avail income deduction for health insurance premiums

      It is that time of the year when you have to file your Income Tax Return. While the government levies a tax on the income you get, it also encourages and offers benefits if you make investments in different financial products. Under Section 80D of the Income Tax Act, 1961, you can get an income tax deduction for the premiums you pay towards health insurance policies. The maximum deduction you can avail for health insurance premiums is Rs.25,000. If, however, you pay health insurance premiums for your senior citizen parents, you can avail deduction up to Rs.50,000. Thus, you can get tax benefit up to Rs.75,000 in total.

      19th July 2019

    • Apollo Munich’s Doubled in Financial Year 2019

      Apollo Munich has doubled its profits to approximately Rs.236 crore on a revenue that was worth Rs.9,617 crore. The company has shown a continuous growth of 17% throughout the last year. This was especially significant because the company’s recorded bottom line hit was during the financial year 2017-18. The company has also decided to reduce its debt of nearly Rs.3,256 crore by selling a stake in its sister company – Apollo Munich Health Insurance. Therefore, the company’s shares have taken a hike by more than 1/3rd over the previous year. The company came into existence during the year 1983 and ever since it has accomplished great heights and exponentially expanded its customer base.

      16th July 2019

    • Long-term third-party motor insurance compulsory for new private vehicles

      The Insurance Regulatory Development Authority of India (IRDAI) has clarified that the long-term third-party motor insurance will apply only to new private two-wheelers and four-wheelers. As confirmed by IRDAI, the existing vehicles will need to get insurance cover for 1 year on a renewal basis while new private vehicles must get three-year policies. New two-wheelers, on the other hand, will mandatorily need to get the five-year policy. The clarification from the IRDAI came through a circular issued on 11 July 2019 which stated that the long-term motor insurance policies will be applicable only to new private two and four-wheelers. Therefore, people owning old vehicles can continue renewing their policies on a yearly basis. According to the Motor Vehicles Act, 1988, it is a mandate for vehicles to be insured with at least a third-party insurance cover. The two major components that make up a motor insurance policy are the Third-Party Insurance and Own Damage Insurance.

      16th July 2019

    • IRDAI proposed to permit the exclusion of certain lifestyle diseases

      The Insurance Regulatory and Development Authority of India (IRDAI) has recently proposed to permit the exclusion of certain lifestyle diseases from the pre-existing disease list so that people can avail health insurance for unrelated illnesses. This proposal has been made by IRDAI to enable people suffering from lifestyle illnesses to get access to health coverage as they are usually deprived of the same. As a matter of fact, in India, people who have undergone treatments like coronary stenting, angiography, or other preventive treatments are denied health cover despite long survival periods as they are labelled as heart patients. Even if in certain cases the insurers allow them to buy a health insurance policy, they are charged with a very high premium. Moreover, they are offered with a health cover only if the parameters are within the permissible limit. In such a situation, the recent proposal from IRDAI is expected to make things easier for individuals suffering from lifestyle diseases such as diabetics and heart issues.

      12th July 2019

    • Modi Government continued the trend of higher health allocation trend of Budget 2019-20

      The full 2019-20 Budget, which is the second budget presented by the Modi Government, has made 23% higher allocation for health than Budget 2018-19. With this, the Modi government has continued the trend of allocating more funds to health than Man Mohan Singh government. The allocation for the health sector in Budget 2019-20 is Rs.64,999 crore, which is 23% higher than Rs.52,800 crore allocated in Budget 2018-19. As a matter of fact, the Modi Government had presented its first budget in February 2015 for FY2015-16. Since then, every year the health allocation has increased by an average of 21.83%. In comparison, the increase in the yearly health allocations in the budgets of Man Mohan Singh Government were much lesser.

      10th July 2019

    • Karunya Benevolent Fund Scheme: Features

      A scheme funded by the Kerala Government, the Karunya Benevolent Fund scheme basically aids the marginal sections of the Indian society financially. The funds for this scheme are raised through the Kerala lottery and basically help provide financial aid to poor people suffering from serious medical ailments. Diseases covered by Karunya Benevolent Fund Scheme include cancer, kidney diseases, heart diseases, Hemophilia. The scheme also provides palliative care. This is especially beneficial for that section of the society that is unable to take care of their medical needs and therefore suffer for it. The most striking feature of the scheme is that the fund money is raised through a lottery system. The income that is generated from the scheme’s lottery is directed towards providing financial assistance to the underprivileged sections of the society.

      13th July 2019

    • Insulin-dependent diabetic individuals may be denied health cover

      When you buy a new health cover, diabetes will be considered a pre-existing illness for which most insurers will have a clause of a waiting period ranging between one and four years. This means that any diabetes-related illness will get coverage only on completion of the waiting period. Some insurers may offer you a health insurance policy depending on the severity of diabetes. However, you may be charged an additional premium. However, individuals that are dependent on insulin may be denied a health cover by most insurers. Hence, before you apply for a new insurance policy, ensure that you inquire about the insurance provider’s underwriting benchmarks. Typically, larger insurance firms have a more liberal approach when it comes to such conditions.

      12 July 2019

    • Health insurance plans for parents

      It is important for every working individual to ensure his/her ageing parents are covered under comprehensive health insurance policies. A health insurance product for parents should offer coverage for an array of health conditions from diabetes-related treatments to critical ailments such as organ transplants. The plans should also cover pre-existing ailments because more often than not, treatments for a specific ailment will be connected to a pre-existing ailment. If the pre-existing ailment itself is not covered, treatments connected to it will not be covered.

      Various health insurance companies such as Star Health, ICICI Prudential, Religare, and Max Bupa offer health insurance plans for senior citizens. Star Health offers an insurance plan called Red Carpet that is specially designed for ageing parents. This plan does not require any pre-medical examination and pre-existing diseases are covered without any waiting period. ICICI Prudential offers health insurance policies and critical illness plans that can be bought together to avail maximum coverage against medical emergencies. Religare offers a plan called Care Senior that provides coverage to senior citizens for various treatments. The highlight of the policy is that the sum insured amount increases each year if no claim has been made. Max Bupa offers Health Companion which offers free health checkups, daycare surgeries, and Ayush treatments.

      18 June 2019

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    Customer Reviews

    • ICICI Lombard Health Insurance
      "Better"
      0.5 3.5/5 "Pretty good"
      I have taken a health insurance from ICICI Lombard. The medical coverage is 1L per year but have not received my insurance cards. It was provided by the company and don't know the premium. They have more networks of hospitals. I am not yet received insurance paper. The claim process was better.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 22, 2019
    • review
      review Health Insurance
      "Recommendable policy for everyone"
      0.5 5.0/5 "Blown Away!"
      My employer has provided me a health insurance from Iffco tokio. If the person is married, its covers for the spouse and children or else it cover only for the policy holder. This policy covers for Rs. 4 lakhs. One of my friend claimed, they have given him 96% claim based on some criteria.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 22, 2019
    • ICICI Lombard Health Insurance
      "Need to improve the benefits"
      0.5 4.0/5 "Great!"
      I have a health insurance with ICICI Lombard and the premium was paid by the company. So far, I have no claims but am planning to be hospitalized. They have provided a proper information. They have good network of hospitals in my locality as well. The medical coverage is 2L for myself. But am not satisfied with the benefits when compared with Max, Bajaj Allianz.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 22, 2019
    • Bajaj Allianz Health Insurance
      "Good for health"
      0.5 5.0/5 "Blown Away!"
      From my office I got the mediclaim policy with Bajaj Allianz, they gave me Rs. 2 lakhs of cover for my entire family. They got connected with more networks of hospital and I got the medical card and there is no value added service provided like lab test, dental check up etc.
      Was this review helpful? 0
      , thane
      Reviewed on Aug 22, 2019
    • Star Health Health Insurance
      "Good"
      0.5 4.0/5 "Great!"
      My health insurance is with Star Health because of coverage of hospitals, In my home town they are providing more option for hospitals. The medical coverage is 3L per person and it includes 3 people. They have charged me approx 8 to 9K for a year. There is no claim experience.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 21, 2019
    • Star Health Health Insurance
      "Better Policy"
      0.5 4.0/5 "Great!"
      My health is covered from Star health insurance. My entire family has been secured with this policy. For past 3 years, i have been renewing the policy and they have given me a coverage value of Rs. 3 lakhs. I got the no claim bonus since i don't have any claim experience.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 20, 2019
    • New India Health Insurance
      "Recommendable policy"
      0.5 4.0/5 "Great!"
      My employer has provided me a health insurance policy from New India. For me and my wife, kid has been covered for this policy and my company is paying the premium for us and for the my parents, i need to pay the premium amount of Rs. 12000. They have provided me a coverage value of Rs. 6000/each for dormitory expenses and Rs. 2 lakh/ each for hospitalization and Rs. 12 lakhs for the entire family cover.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 20, 2019
    • National Insurance Health Insurance
      "Smooth Claim experience"
      0.5 5.0/5 "Blown Away!"
      I got mediclaim from National Insurance I think Rs. 2 lakhs is the coverage its only for me, I had very smooth claim experience. When I was suffering stomach infection I was admitted in the hospital , they just checked the policy no and ID proof they immediately done the cash less treatment and also I have reimbursement option for medicines.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 20, 2019
    • Apollo Munich Health Insurance
      "Good Mediclaim"
      0.5 5.0/5 "Blown Away!"
      I am having health policy , the mediclaim value is around Rs. 4 lakhs its covers my entire family and they have good networks of hospitals but I don't have any claim experience. I got the credential to log in apollo munich website, medical card is good as well.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 19, 2019
    • HDFC Ergo Health Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have health plan with HDFC Ergo GENERAL INSURANCE for more than a lakh it is cover for my whole family. For 42- 58% only can able to claim amount from this insurance which is low. They have tied up with particular hospitals. So far no claim experience.
      Was this review helpful? 0
      , jhansi
      Reviewed on Aug 18, 2019
    • Apollo Munich Health Insurance
      "We must have a health insurance"
      0.5 5.0/5 "Blown Away!"
      5 years, i have been renewing the health insurance policy from Apollo Munich. At that time of taking a policy, the offer was good more over they have tie up huge network hospital list. I have taken the policy for myself and my wife. They have provided me a coverage value of Rs. 7.5 lakhs for each member. Initially it was Rs. 5 lakhs since i haven't do any claim they have increased the coverage amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 18, 2019
    • ManipalCigna Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I am having a health insurance from Cigna TTK. My employer has provided this policy. This policy covers only for me. They have given me a coverage amount of Rs. 2 lakhs. They are deducting the premium amount from my salary which is Rs. 400. Most of the hospitals in my places has been covered in this policy.
      Was this review helpful? 0
      , kochi
      Reviewed on Aug 18, 2019
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