Everything you need to know about health insurance

Health insurance helps you in many more ways than just securing your health, let’s discover how!

Why Health Insurance Zaroori Hai for all?
Did you know
Health Insurance is critical to
Safeguard you and your family’s needs
Achieve long term Financial goals
Diversify your financial assets and portfolio

Heath Insurance deconstructed!

It’s best to start at the basics, so we’ve divided the health insurance journey into three parts to help you understand what to do, at the right time!

Get your health insurance queries resolved by expert

Get your health insurance queries resolved by expert

Here you can find all the health insurance queries, our expert has responded to readers of the Financial Express newspaper.

I was advised to buy a standard health insurance policy which is cheap and gives all the coverage. Should I?

The standard health insurance Arogya Sanjeevani policy was designed by Irdai and is available with all insurance companies. In this policy,...

My parents are above 60 years old and have no health insurance policy now. Should I include them in my office group policy or buy a separate policy for them?

You have both the options. The advantage of a group policy is it doesn’t have any waiting period for its members. However, if your employer decides...

I am not satisfied with my private company health insurance policy and want to port it to a government company like New India Assurance. How can I do it and will the premium structure be the same?

Both private and PSU companies are regulated by Irdai. The same rules apply to both. The premium structure varies from product to product and from...

VIEW ALL

Wondering how much coverage is enough to safeguard you and your family’s health?

Wondering how much coverage is enough to safeguard you and your family’s health?

Questions you should ask before making a financial commitment.

What am I buying?

Health Insurance is meant to protect your family’s financial future against uncertainty. It not only gives you a risk cover, but also empowers...

How much cover do I need?

Your cover is the extent of protection that your loved ones will receive, simply put it’s the funds that your family will need to maintain their...

What do I need to pay and for how long?

You will need to pay premiums, the amount that you invest for your policy, regularly for a specific time period known as the ‘Pay term’ which...

VIEW ALL

Immediately check, to avoid surprises in the future!

Immediately check, to avoid surprises in the future!

What are the things I need to check immediately after receiving my policy?

Is my policy as per my expectations?

To ensure that you have received the policy that you expected, it is advisable to immediately review your policy document. Check for some key...

Are my personal details & nominee details accurate?

Accuracy makes for easy claim. Your policy document contains all your personal information, bank details, contact details and nominee details so do...

Have I informed my nominees about the policy and stored the documents safely?

In case of an unforeseen circumstance, your family deserves utmost ease. Store your documents in a safe and accessible place and ensure that your...

VIEW ALL

After Buying Policy

After Buying Policy

What are the things I should keep in mind as a policy holder?

How can I ensure that I get maximum benefit from my policy?

Insurance benefits you only in the long-term. It is also important that you pay premiums regularly to enjoy benefits. Missing a payment may leave...

What do I do in case of loss or lapse of my policy?

If you lose your policy document, report it to the insurance company immediately. You can get a duplicate policy by complying with the formalities....

What’s the best way to maintain my policy?

As a policy holder, you should know the following: Your contact details must be updated with the insurer so that you can be reached for any...

VIEW ALL

What you should keep in mind during your health insurance buying process?

Read and discover for yourself!

Apr 14 2022

The financial implications of not having health insurance in times of distress

If you do not have health insurance or enough funds to cover medical treatment, it is highly likely that you will avoid visiting the doctor even when it is absolutely necessary for you to do so. It is said that a stitch in time saves nine, which is all the more true for medical emergencies.   When disaster strikes, you will not be in a position to think rationally or logically and may make financial decisions that could cost you big in...

READ MORE

Apr 14 2022

Here's why you must review your Health Insurance Plan every year

As you grow older every year, your health status may change, and so do your needs for health insurance. You may get married, have a child or even develop lifestyle related illnesses. As life progresses, medical costs usually only go up.   How do I choose a health insurance plan based on my age? Ideally it is advisable to buy a health insurance plan as soon as you start earning, at a young age when diseases are at bay. The younger you...

READ MORE

Apr 14 2022

Why should you get health insurance when young?

  Why is it important to have health insurance? It is important to have health insurance to protect your savings and investments against unforeseen medical expenses. Medical expenses in India have been rising year-on-year, which far exceeds the amount of regular salary increments or general inflation. Having a comprehensive health insurance plan and maintaining a healthy lifestyle are ways in which we can counter this problem. What...

READ MORE

Expert advice from financial gurus!

Read and discover what industry experts have to say about the different aspects and benefits of health insurance.

Insurance comes before investment. It is the first step in financial planning journey.

Harsh Roongta

Harsh Roongta
CEO - Fee Only Investment Advisers LLP

Protection is the most important aspect of financial planning; even Maslow agrees to that.

Deepak Yohannan

Deepak Yohannan
CEO - MyInsuranceClub.com

Buying adequate health and life insurance cover are a must. Calculate the liability towards your long-term goals, and then decide the amount of cover you need appropriately in terms of insurance, in addition to investments.

Amol Joshi

Amol Joshi
Founder, PlanRupee Investment Services

Looking to purchase health insurance? Here are some plans for you:

MCHI Podcasts

Hear our podcasts at every step of the way to live a better life.

Financial vaccination

Understanding Various Benefits in Health Insurance

In this podcast from the Financial Vaccination series hosted by Manipal Cigna Health Insurance,...

Nov 17 2021

READ MORE
Financial vaccination

Role of health insurance in financial planning

Ever wondered why people say getting health insurance is one of the most important investments to...

Nov 08 2021

READ MORE
Financial vaccination

Do's and Don'ts of Health Insurance Policies

Finding and purchasing health insurance plans can be a tricky matter if you are unaware of what...

Oct 09 2021

READ MORE

If you want to be doubly sure, here are some terms and answers to commonly asked questions!