All Insurance News and Plans

As per the new laws passed by the Government of India, every organization will have to provide medical insurance covers to all its employees post the pandemic. This is a revolutionary step that will ensure that every individual has enough financial support in a medical emergency. It also helps ensure that there is universal healthcare for every working individual in the country, which also reflects on their family.  A group health insurance plan provides coverage for your family, including your child and spouse. You can also include your parents in the group medical insurance cover by buying an add-on benefit based on the insurer's terms and policy. Additionally, you may have to pay an additional premium amount for this benefit. However, you must keep in mind that our parents are at a high risk of contracting a severe illness, and hence they must have a comprehensive cover that provides for all their financial, medical needs. One of the best ways of doing so is by availing a Senio...

With the growing age, an individual utmost requires safety, security and comfort. All this is best achieved by choosing the right senior citizen health insurance policy . It is necessary to compare the needed medical services with the available health insurance scheme. With this, opting for suitable group health insurance plans is necessary to retire and live a healthy life at an older age. There are health schemes that provide the best coverage for the lifetime. This scheme is best suited for the people whose age is between 65 to 80 years.  The group health insurance plans provide coverage to the pre-existing illness, cashless facilities and claim settlement at almost every popular hospital of India. The right plan helps in quick disbursement of the claim and covers a wide range of hospitalization and medical costs. In order to provide complete coverage from the upcoming medical expenditures, it is best to pick the best health plan from Bajaj Finserv. Health schemes fro...

The medical inflation rate has seen an upward trend in the last couple of years. This, combined with the rising healthcare cost has changed how things used to work health insurance was a luxury earlier, today it’s a necessity. Thus, even if you don’t like the idea, find a good health insurance and subscribe to it before any unplanned medical expenses eat up all your savings. How to find the best health insurance plans?  Check the sum insured: Assess your medical needs, including the expenses related to your families like your parents, your spouse and your kids (if you have any). Add them up and find the total and make it inflation proof. To ensure the viability of your insurance plan in all circumstances, go for highest sum insured schemes. Check the network of hospitals: Before you buy health insurance in India online , look at the network of hospitals covered by the policy. This would give you an idea of how far you might have to travel to avail a cashless treatme...

Group Health Insurance provides an additional health cover for employees who already have a family or individual health insurance policy. By and large group health insurance is easily available to employees of any company who provide this policy. In several cases, employees can get any pre-existing medical conditions covered too via the group insurance policies. The employer pays up to 50% of the policy’s premium which makes it more affordable for the employees.  There are several benefits to availing a group insurance policy which include - No medical check-up is needed as the employer signs up their employees and one of their family  members.  This takes into consideration the pre-existing diseases of the employees and their family  members too.  As the employer pays up to 50% of the policy premium the policyholder does not get burdened  with having to maintain the policy. Also, they become much more affordable.  The process of ...

A health insurance plan is very essential as it provides financial assistance during a medical emergency and help you save on the health care payments. Though it is so important, it has been seen that around 85% rural and 80% urban population is not covered under any health insurance plan. People may not be aware of the insurance coverages, the procedure of claim application and many more. These may be the reasons of not having a health insurance policy . But, even if you have a policy, you may not avail the benefits of it at the proper time. If you made some mistakes, your claim application may get rejected. Some of the possible reasons of rejection are: Incorrect facts provided When you are admitted in hospital and you need to make the payment of the hospital treatment, the insurance company first verify your claim. But, if there is any misrepresentation of the fact or incorrect facts are provided, they reject the claim directly. If you miss out something or make some mistakes, ...

Corporate insurance is taken by large organizations to cover several operational risks. These can be risks like financial losses, theft, accidents, employee’s health benefits, to name a few.Corporate insurance covers group medical insurance policy  for workers against medical expenses, and death/disability occurring while at work. It is also known as business insurance and offers great benefits to employees involved with the firm and to the business too. More info- What is group employee Health Insurance? There are various types of corporate insurance - ●Property insurance ●Professional Liability Insurance ●Workers’ Compensation Insurance ●Group Health Insurance ●Business Interruption Insurance ●Product Liability Insurance ●Commercial car insurance Let’s know about the features and benefits of corporate insurance. Corporate insurance protects your company from loss of income due to both man made and natural disasters. In some cases, the insurance company ap...

Everyone knows about group health insurance, but for those who aren’t aware of it, yet - a group health insurance is a custom policy designed to provide healthcare coverage to a particular group i.e employer-employee groups or non-employer-employee groups. As a prerequisite condition to avoid issues later, it’s always better to know all the pros and cons of the product/service that you are buying. Same goes for buying a Group Health Insurance, hence, below are the pros and cons of Group Health Insurance . Know More Info Visit- What is Group Employee Health Insurance?     The Pros of Group Health Insurance  Lower premium: As a number of people are covered through one insurance, group health insurance is generally cost-effective - 30% cheaper than regular insurance schemes, leading to lower premiums. Maternity Benefits: Group health insurance policies come with maternity coverage, unlike other health insurance policies where you have to pay extra for the s...