FAQs

A health insurance policy is an agreement between the insured and the insurance company. The insurance company promises to pay for the insured’s medical bills in case of an emergency. A health insurance policy protects the insured from having to pay for surgery, critical illnesses, and daycare costs, up to the sum insured limit, for the length of the policy term.

Yes. There are more than one health insurance plan that can cover you. When a claim is bigger than the amount covered by one health insurance policy, the claim is paid out based on the contribution clause.

A health insurance policy not only protects the insured financially for the future, but it also helps in the present. People who drink, smoke, or don’t move around much are more likely to have health problems, which can be small or big and may be expensive to treat. In these situations, you need a reliable health insurance plan that covers you at all times to protect your finances. Aside from that, Section 80D of the Income Tax Act, 1961 says that if you buy a health insurance policy, you can deduct the cost of the premium from your taxes.

Yes. You can stop paying for your health insurance. Every health insurance company gives you a certain amount of time to look over the policy and make sure you understand how it works. During this time, if you find a clause in your health insurance policy that you don’t like, you can cancel it and get your money back. Note that you will only get the money back if you haven’t filed a claim during the policy’s term. After taking into account the costs of medical checkups, stamp duty, and proportionate risk premium (the number of days you were covered for risks under the policy), the amount of the refund will be figured out. Read the policy document if you want to learn more about premium refunds.

When you are young is the best time to buy health insurance. This is because you are less likely to get sick when you are young, and your body is also in better shape. This even makes it less likely that your health insurance will turn you down.

No, a person under the age of 18 cannot buy health insurance. A child under 18 can get health insurance, though, if a parent or guardian buys a plan for children.

If you’re over 26 and don’t live in a metro city, a family floater plan with a sum insured of between Rs. 5 Lakh and Rs. 10 Lakh would be enough to cover any health emergency.

Having a good health insurance policy helps in case of a medical emergency because it gives you the money you need. A health insurance policy can either pay for your medical bills or reimburse you for them if you get hurt or sick.

Having health insurance has many benefits, such as not having to pay for hospital stays out of pocket, tax breaks, a “No Claim Bonus,” coverage for ambulance and transportation costs, in-patient hospitalisation costs, pre-hospitalization and post-hospitalization costs, daycare costs, hospitalisation costs at home, etc.

Yes. There is no limit on how many health insurance policies a person can have. But you can’t get money back from more than one insurance company for your health care costs.

Yes. Section 80D of the Income Tax Act of 1961 says that you can get a tax break on the premium you pay for health insurance if you have it. Please note that the tax benefits can only be used if the premium isn’t paid in cash.

Having a good health insurance policy helps in case of a medical emergency because it gives you the money you need. A health insurance policy can either pay for your medical bills or reimburse you for them if you get hurt or sick.

Having health insurance has many benefits, such as not having to pay for hospital stays out of pocket, tax breaks, a “No Claim Bonus,” coverage for ambulance and transportation costs, in-patient hospitalisation costs, pre-hospitalization and post-hospitalization costs, daycare costs, hospitalisation costs at home, etc.

Yes. Most health insurance plans let you increase the amount you are covered for, but you can only do this when you renew your policy.

Yes. You can pay the premium for a certain health insurance policy in equal monthly installments (EMI). For this, you will have to pay a fixed amount each month. It is a good choice because you won’t have to worry about paying a large premium all at once.

Yes, you can cancel your health insurance and get your money back. But you will have to follow a certain process and let the insurance company know about it. Also, you would have to pay the premium for the days you were already covered.

Health insurance should cover at least 50% of your annual income, according to experts. So, if you make Rs. 20 Lakh a year, you should think about getting a Rs. 10 Lakh health insurance policy. But there are many things to think about before deciding how much health insurance you need. These things include your income, age, eligibility requirements, and health condition.

Taking a health insurance plan with you when you move has a number of benefits. When you port your health insurance policy, you can choose a new sum assured, get lower premiums, add extra coverage, and keep getting the same benefits. You can choose a health insurance company you can count on completely.

A health insurance policy gives the policyholder a free-look period of 15 to 30 days. The length of the free-look period depends on the insurance company. During the “free-look” period, a person can cancel their health insurance policy if they are not happy with its terms and conditions.
A health insurance policy gives the policyholder a free-look period of 15 to 30 days. The length of the free-look period depends on the insurance company. During the “free-look” period, a person can cancel their health insurance policy if they are not happy with its terms and conditions.

Pre-hospitalization expenses are things like X-rays, CT scans, MRI scans, consultation fees, etc. that a person has to pay for before they go to the hospital. Post-hospitalization expenses, on the other hand, are costs that a person has to pay for after they leave the hospital. These costs include follow-up care, medicines, diagnostic tests, etc.

A pre-existing disease is any health problem that the person who wants health insurance had before they bought it. A medical condition that was there before is something like high blood pressure, diabetes, thyroid problems, asthma, etc.

When you buy health insurance, the insurance company may ask you to get a medical exam so they can figure out how healthy you are. These medical tests are a big part of whether or not you can get health insurance and how much your health insurance premium will be. But that doesn’t mean you can’t buy health insurance without being checked out by a doctor.

You can add your family members to your existing health insurance policy at the time of renewal but you can’t add your family members between the policy tenure except for newborn. If you add a family member to your current health insurance plan, the premium for that plan may go up.

Domiciliary hospitalisation means getting medical care at home for an illness, disease, or injury that would normally be treated in a hospital. Instead, the care is given at home.

If you have to go to a non-work hospital for treatment, you will have to pay the bills and admission fees out of your own pocket. After you get out of the hospital, you can file a claim for reimbursement through your health insurance by sending in all the supporting documents, like reports and bills. The insurance company will look at all the papers and pay the claim based on what they find.

Under “in-patient hospitalisation,” the insured person is paid for room rent, ICU fees, operation room fees, consultation fees, nursing fees, medicine costs, etc., if they need to stay in the hospital for more than 24 hours.

Yes, it is possible to buy health insurance for a minor. A health insurance policy can be bought for a child. You can buy a separate health insurance policy for your child that covers them from day one.

It’s best to get health insurance as soon as possible, preferably between the ages of 20 and 30. At this age, a person is likely to be in the best shape of their life and can get full coverage at a price they can afford.

When you buy health insurance, you get a card with your policy number or policy ID on it. This helps you and your insurance company keep track of your health insurance policy. Your health insurance number is written as “Policy ID” or “Policy Number” on your health insurance card.

There are several reasons why your health claim could be turned down. Some of these reasons are given below:
Putting in a claim while you are waiting. If the insurance company thinks that the treatment is not needed, the claim can be turned down. giving out false or wrong information. Not giving the required documents when the claim was filed.
There are several reasons why your health claim could be turned down. Some of these reasons are given below:
Putting in a claim while you are waiting. If the insurance company thinks that the treatment is not needed, the claim can be turned down. giving out false or wrong information. Not giving the required documents when the claim was filed.

Health insurance for employees is good not only for the employees but also for the employers. The main reason for giving employees corporate health insurance is to protect and help their health and well-being.

Yes, you can cancel your health insurance policy at any time, even after the “free look” period, if you are not happy with it. But if you decide to cancel your health insurance policy, the insurance company will give you a refund after taking out any applicable fees and proportional risk fees or the amount of time you were covered by the policy.

This depends on the kind of health insurance plan and the terms and conditions of the insurance company. In general, most health insurance policies cover a dependent child until he or she is 25 years old. Check the policy’s terms and conditions to learn everything you need to know about it.

You can buy an extra health insurance plan if you want to get more coverage and help paying for medical costs. Getting more health insurance can help you get the most out of your benefits and get more coverage, but it can be hard to keep up with two health insurance policies at the same time. It can also cost a lot. You can always choose to add extra coverage when you renew your policy or when you buy it for the first time. These extra covers make the coverage better and get rid of the need to buy another health insurance policy.

Sum assured in a health insurance refers to the maximum amount that the insurance company provides to the policyholder in case he/she is hospitalised. Any cost of hospitalisation which is above and beyond the sum insured shall be borne by the policyholder.

Yes, the nominee on a health insurance policy can be changed at any time during the policy term. By letting their insurance company know, the policyholder can change the nominee and choose a new one.

Yes, you can get your child who is going to school in India health insurance. Even though the coverage will be limited, i.e., it will only cover treatment in hospitals in India while the policy is in effect.

As we move into 2022 with a lot of hope, we should remember how COVID-19 changed things in 2021. But in the first week of this new year, a new type of COVID-19 called “Omicron” has become a cause for concern. There have been more cases of the Omicron type of Covid in all parts of the country. We’re still thinking about how the second wave of COVID-19 affected us. This time, as the Omicron variant spreads like wildfire around the world, it’s important for us to be ready. Health insurance is important now more than ever because health emergencies can happen at any time. In hard times like these, it is the most important thing you can do to keep yourself and your loved ones safe. Health insurance covers all of the costs of being hospitalised and getting treatment if you get sick. If you have health insurance for Omicron variant, it will cover the costs you incur after being diagnosed with the disease as well as the costs of treating it. Since “Omicron” is a type of COVID-19, it is covered by all of India’s health insurance plans. If you want to buy health insurance, don’t wait to see if the third wave will come or not. You can always start making plans for a safe future. Now is the right time to get the best health insurance policy you can find in India. This will help you pay for medical costs now and in the future, giving you peace of mind.

Car insurance or four-wheeler insurance is a contract between an insurance company and a car owner. Under this contract, the insurance company pays for damages to the policyholder’s car if something unexpected happens. There are three types of car insurance plans, each with its own coverage: third-party car insurance, own-damage-only car insurance, and comprehensive car insurance. When you renew your car insurance online, you get an e-Policy right away.

The IRDAI sets the rates for third-party car insurance premiums based on the size of the car’s engine. But the premium for standalone own-damage and comprehensive car insurance policies varies from car to car based on things like the car’s MMV (Make, Model, and Variant), the location of the RTO, the size of the engine, the city where the car is registered, and the type of fuel.

Having four wheeler insurance is good in a number of ways. First, it helps you meet the law, which says that you have to have at least third-party car insurance. A car insurance policy also helps you cover any financial responsibilities you may have to a third party or to your own car if you are in an accident or something else bad happens.

When you drive a car, you have to have at least third-party car insurance. If you are caught driving without it for the first time, you may have to pay a fine of Rs. 2,000 or go to jail for up to 3 months. If you are caught again, you may have to pay a fine of Rs. 4,000 or go to jail for up to 3 months.

Every car insurance policy has a certain amount of time it is good for. After that, you need to renew it to keep getting the benefits. But if you forget to renew your car insurance by the expiration date, you can still do so up to 90 days after the expiration date. After these 90 days are up, you won’t be able to renew your car insurance. If this happens, you’ll need to buy a new car insurance policy.

The car insurance policy number is a unique number between 8 and 10 digits that your insurance company gives you to identify your account. Usually, it’s on your insurance card or on a statement from your insurance company. As long as your policy is still in effect with the insurance company, the number stays the same.

A car insurance company is better than its competitors in a number of ways. Claim Settlement Ratio is one of these important things (CSR). It is the number of claims a car insurance company settles out of the total number of claims it gets in a given year. Based on this, SBI Car Insurance has the best claim settlement rate at 100%, followed by Royal Sundaram Car Insurance (98.60%) and Bajaj Allianz Car Insurance (98.50%).

The Indian Motor Tariff says that every car owner in the country has to have at least third-party car insurance. If your car doesn’t have valid third-party insurance, you could get a fine of Rs. 2,000 or up to three months in jail for the first offence.

The IRDAI sets the price of the premium for third-party car insurance plans. The premium for standalone own-damage and comprehensive plans, on the other hand, varies from insurance company to insurance company. Here are some things that affect the price of own-damage insurance for a four-wheeler:
Insured Declared Value: The Insured Declared Value (IDV) of a four-wheeler is its current market value. It is one of the most important things that go into figuring out the premium, because IDV is the amount that insurance companies pay the policyholder if the car is totally destroyed. When the IDV is higher, the premium goes up. Engine Cubic Capacity: The size of a car’s engine plays a role in how much the insurance premium costs. The premium goes up as the car’s cubic capacity goes up. Age of the Car: As time goes on, the value of a car goes down. This is called depreciation. Normal wear and tear make a car worth less on the market, which makes its insurance premium go down. So, the older you are, the less you have to pay. Make, Model, and Variant: The IDV of the car is affected by the car’s make, model, and variant, which in turn affects the car insurance premium. Different premiums are charged for cars of different makes, models, and types. RTO Location: The car’s RTO location is another important factor. It tells the insurance company how busy the area or city is where the car will be driven and, by extension, how likely accidents and other mishaps are to happen.

Yes, if someone sells a used car, the insurance can be transferred from the old owner to the new owner. The Indian Motor Tariff says that the policy should be transferred within 14 days of when the car was bought.

No, the owner of a four-wheeler can’t have two insurance policies for it. But instead of a comprehensive four-wheeler insurance policy, you can buy a third-party insurance plan and own damage coverage separately.

Follow the steps below to make a claim on your car insurance online: Step 1: File a claim by going to the website or using a mobile app. Step 2: The car’s owner gets a claim registration number after registering a claim. Step 3: After a claim is filed, the four-wheeler insurance company sends a surveyor to the accident site to figure out how much damage has been done. At this point, the policyholder needs to give the surveyor the necessary documents so that the claim can move forward. Step 4: The broken four-wheeler is then taken to a shop to be fixed. Payment for the claim will be made based on the type of garage. Step 5: If a network garage is chosen, the insurance company for the four-wheeler pays the garage directly. If the garage is not part of the insurance company’s network of “cashless garages,” the policyholder has to pay the bill. The insurance company then pays the policyholder back.

In car insurance, “depreciation” means that the insured car’s value goes down over time because of wear and tear. The depreciation rate is a very important part of a car insurance policy. Based on the age of the car, insurance companies use it to decide how much they will pay for your car.

The Indian Motor Tariff says that you have 14 days from the date you bought the car to change the insurance policy from the previous owner’s name to yours. If you don’t transfer your car insurance plan within 14 days, your car won’t be covered by insurance.

When you apply for car insurance, the company can ask you to give them any of the information they ask for on the application form. When deciding whether or not to give you insurance, many insurers look at your credit history, age, criminal record, and other factors.

When your car is in an accident or is stolen, you should call the police and file a FIR as soon as possible (First Information Report). For the settlement process to begin, all insurers need a copy of the FIR.

After paying a transfer fee of Rs. 50, the buyer should have the following documents in order to transfer a car insurance policy:
1. A new copy of the form or certificate of registration 29 2. Old policy document 3. A “No Objection Clause” (NOC) from the last policyholder 4. A new form to fill out 5. The insurance company’s inspection report 6. Difference in the number of claims Bonus
After all of these documents are sent to the insurance company, the policy transfer is verified. You need to start this process within 14 days of buying the car.

When a request is made, the process of inspecting a car is done within 24 hours. After the inspection goes well, the surveyor gives you an online recommendation. You have 48 hours to log in to the insurance website and change your plan based on this recommendation. If you don’t do it by the deadline, you’ll have to go through the whole process again.

The insurance company will say that a car is a “constructive total loss” if it is damaged to the point where the cost of fixing it would be the same as or more than the car’s value or the amount of insurance coverage. It says that the insurance company will have to pay out the car’s insured value instead of paying to get it back to how it was before.

You can insure the new parts you bought for your car when it’s time to renew your insurance policy, not in the middle of the policy term.