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Why You Should Get Health Insurance that Offers OPD Cover

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  Out-Patient Department cover or OPD cover is a relatively new offering from health insurance providers in India. Under this category, expenses incurred during medical treatment that does not require hospitalization are covered. These expenses usually include but are not limited to consultations with doctors, medicines and drugs, diagnostic tests, preventive check-ups and so on. In this article, we look at several reasons why you should get a health insurance policy that offers OPD cover. Out-patient expenses can get quite expensive A lot of people are under the impression that medical expenses can take a heavy toll financially only if the patient is admitted to the hospital. True, room rent and nursing charges can go quite high, but the expenses one incurs when they undergo tests or frequently visit specialist doctors can go higher. Under a good health insurance plan with OPD cover, you can get coverage of up to Rs 8000 meant only for consultations. This amount can be very helpf
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What are long-term health insurance plans and what are their benefits?

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  Having health insurance is your ultimate back-up plan against medical emergencies. In case a good diet & a healthy lifestyle fail to keep illnesses at bay, your health insurance policy will step in and help save the day. It will lend a financial helping hand and ensure you get the treatment you need, without ever worrying about the cost.   Now, until recently, health insurance only offered coverage tenures of 1 year. This meant that policyholders had to renew their plans annually in order to enjoy uninterrupted cover. However, all that has changed with the introduction of long-term health insurance plans. Not familiar with long-term health insurance plans? No problem! The following article will explain what they are and the benefits you could enjoy by purchasing these plans. Read on to know more! What are long-term health insurance plans? Well, the name is quite self-explanatory! They are medical insurance plans that offer multiple years of coverage. You can get protection for
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Everything you need to know about mental health insurance

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There was a time, not so long ago, when mental health was swept under the rug and ignored. Thankfully, that has changed over the last few years. Many celebrities have come out in the recent past, talking about their battles with depression and how mental illness is a real issue in society today. The COVID-19 crisis has further driven home the importance of mental wellbeing - especially we were all confined to our homes during the initial months of the lockdown. All this has also lead to a paradigm shift in the way health insurance looks at mental illnesses. The manner in which health insurance policies are framed has changed significantly, and policyholders today can enjoy a great deal of coverage against mental health issues. However, most individuals are still unaware of this and often refrain from getting professional medical help; they are afraid that they will have to cover the costs on their own.  Keeping this in mind, the following article will go over some of the important poi
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Should you get the Arogya Sanjeevani Policy?

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The Arogya Sanjeevani Policy is a new type of health insurance policy launched by the IRDAI with effect from April 1 st , 2020. It is an easy to understand health insurance policy that has the same standardized terms and conditions across insurance companies. One of the main motives behind the launching of this policy is to provide affordable medical coverage for those who have not bought health insurance just yet due to various reasons.   The Arogya Sanjeevani Policy can be purchased as an individual plan or as a family floater plan. The Arogya Sanjeevani policy covers the cost of treatment during hospitalisation, pre-and post-hospitalisation care, AYUSH treatment, ambulance charges, dental care and many more medical requirements within the scope of the policy and sum insured. Who should buy the Arogya Sanjeevani policy? The introduction of the Arogya Sanjeevani policy is truly a boon for many. If you are wondering whether this new health insurance product is suitable for you, read o
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Did you know PUC is now mandatory for the renewal of motor insurance?

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As per the new guidelines released by the Insurance Regulatory and Development Authority of India (IRDAI), it is mandatory for all insurance companies to check for valid pollution under control (PUC) certificate at the time of motor insurance renewal . If the owner has not got a PUC for their vehicle, they will not be able to renew their motor insurance policy.   Hence, people will by default have to get their vehicle’s PUC done in order to save themselves against legal obligations. Insurance experts believe that this new law will help keep pollution levels in check and ensure that motorist get their PUC done on time. The following article will clarify all your doubts regarding PUC and its importance when it comes to the renewal of your motor insurance policy . What does the new law state?  The new law regulated by the IRDAI has made it mandatory for a vehicle owner to have a valid PUC certificate of their vehicles for the renewal of motor insurance. The law asks insurance companies
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Here’s how you can enjoy tax benefits on your health insurance

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Competitive corporate environments, unhealthy eating habits, stressful working hours, and a lack of exercise - this is how a professional’s typical weekday looks like. These factors have resulted in many lifestyle-associated illnesses among the working population. This is why it has now become important for everyone to get  health insurance to protect their savings when they fall ill. Now, we all know that health insurance can truly help protect our hard-earned money during a medical emergency. Yet, the advantages of purchasing health insurance are not just limited to the security of your finances. Health insurance also offers tax benefits on the premium paid for the policy, depending on your coverage and plan. These tax benefits are possible thanks to Section 80D of the Income Tax Act. According to this section, an individual can enjoy a tax deduction for the health insurance premium paid from their total taxable income. This includes the amount paid for buying or renewing medical in
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Why it is better to buy car insurance online

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Gone are the days where you had to visit an insurance provider’s branch to purchase a car insurance policy. With the internet, everything comes to you, including insurance cover for your 4-wheeler. However, for someone who has been always purchased a policy from a branch, making the move to online transactions can be difficult. However, buying car insurance online has numerous advantages as opposed to the offline process. This article will highlight some of the benefits to encourage potential buyers to move the newer, smarter way of buying motor insurance. 1. Much easier. Just not having to visit the branch should make your life much easier. Beside for this, there are no forms to fill and you do not have to provide any sort of documentation. Therefore, when you buy car insurance online, your life will be much easier. 2. Much faster. Again, skipping on the trip the branch should help you save a lot of time. This is especially so if you live far off from the branch or if there is a
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