Health Insurance

    5 ways senior citizens can reduce their health insurance premium

    Having an affordable post-retirement healthcare insurance plan is crucial for senior citizens. By starting their health insurance early, opting for family floater plans, and leveraging preventive healthcare incentives, senior citizens can ensure that their premium outgo on health insurance policies does not rise substantially and that they continue to have adequate coverage to meet all the health-related challenges that come with increasing age.

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    Insurers can’t hike senior citizen health insurance policy premiums by more than 10% per year without consultation: IRDAI

    As part of the ongoing monitoring of insurance products offered in the Indian insurance market, IRDAI observed that there has been a steep increase in premium rates under some of the health insurance products offered to senior citizens (aged 60 years and above).

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    Is it possible to claim health insurance from multiple companies?

    In India, people can purchase health insurance from multiple companies to ensure comprehensive coverage. Policyholders need to inform all insurers about their existing policies and submit the necessary documents for claims. Seeking professional advice is recommended to manage multiple policies effectively while addressing potential complications.

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    Should you go for a medical test before buying a health insurance policy?

    Health insurance claims may be rejected if pre-existing conditions are not disclosed. But sometimes, even the policyholder may not be aware of pre-existing ailments they may be suffering from. To prevent this, it is better that one undergoes pre-policy medical tests, though many insurers do not mandate them. Know more about how pre-policy medical checkups can possibly help avoid claim rejections.

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    How well does health insurer settle claims? Latest Irdai incurred claim ratio of general, health insurance companies in India

    How well does health insurer settle claims? Latest Irdai incurred claim ratio of general, health insurance companies in India

    Incurred claim ratio of general, health insurance cos: If you are planning to buy a new insurance policy or port your existing health insurance poli

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    How senior citizens can enrol for PM-JAY to get health insurance

    The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana offers free health insurance of up to Rs.5 lakh annually for vulnerable sections of the society and also for senior citizens above 70 years. Read to know how you can enrol in this scheme

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    Too young for health insurance? Think again as 38.2% claims made by people aged 18-35 and such claims are going up with time

    Fever, gastritis, heart disease, diabetes, and cancer are top reasons for making claims. Men in urban areas emerged as the highest claimants in health insurance, per PolicyBazaar. Read on to know more about the recent trends in the Indian insurance space.

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    Health insurance top up plan: What to check when buying it

    Read the policy document carefully to understand what is covered and what is excluded when buying a health insurance top up plan.

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    Can you claim a tax rebate for health insurance premiums?

    Health insurance premiums in India are tax-deductible under Section 80D of the Income Tax Act. Policyholders can claim tax deductions up to INR 1 lakh based on the insured individuals' ages. This not only encourages investment in health insurance but also ensures financial security during medical emergencies without straining personal savings.

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    ESIC plans convergence with Ayushman Bharat PM-JAY: ESIC members set to get access to 30,000 hospitals under Ayushman Bharat PM-JAY

    ESIC plans convergence with Ayushman Bharat PM-JAY: ESIC members set to get access to 30,000 hospitals under Ayushman Bharat PM-JAY

    The current health infrastructure, which includes 165 hospitals, 1590 dispensaries, 105 Dispensary cum Branch Offices (DCBOs), and around 2900 empan

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    The Economic Times