Author: Saurabh Mukherjea

Introduction Critical illness insurance is a vital component of comprehensive health coverage, providing financial protection against serious and often expensive illnesses. As we step into 2024, various insurance providers offer specialised plans designed to cover critical diseases such as cancer, heart disease, and stroke. This article reviews the top health insurance plans for critical illnesses available in 2024, highlighting their features, benefits, and exclusions to help you make an informed choice. 1. Importance of Critical Illness Insurance Critical illness insurance is designed to provide financial support in the event of severe health conditions that require extensive treatment. Key benefits include:…

Introduction With rising healthcare costs and an aging population, health insurance for senior citizens has become increasingly essential in India. Seniors often face higher medical expenses, making comprehensive health coverage a necessity. As we move into 2024, new regulations and insurance products are designed to cater to the specific needs of senior citizens. This guide covers everything you need to know about selecting the best health insurance for senior citizens in 2024, with a special focus on the latest regulations, coverage options, and tips for choosing the right plan. Why Senior Citizens Need Specialized Health Insurance Healthcare needs evolve with…

Introduction The Goods and Services Tax (GST) has significantly influenced various sectors in India since its implementation, including the insurance industry. In 2024, understanding how GST affects insurance premiums is crucial for policyholders and businesses alike. This article delves into the impact of GST on life, health, and motor insurance premiums, providing clarity on how the tax regime affects the cost of insurance products. 1. Overview of GST and Its Application to Insurance GST: The Goods and Services Tax (GST) is a single indirect tax levied on the supply of goods and services, including insurance. It aims to streamline the…

Introduction Health insurance has become an essential aspect of financial planning, especially with rising medical costs in India. As we move into 2024, several health insurance companies are offering enhanced coverage, flexible premiums, and a wide range of benefits to attract policyholders. In this article, we review the top health insurance companies in India for 2024, focusing on their policy offerings, claim settlement processes, and customer-centric benefits. Whether you’re looking to purchase health insurance for the first time or upgrade your existing policy, this guide will help you make an informed choice. Top Health Insurance Companies in India for 2024…

Introduction In an era where lifestyle diseases such as cancer, heart attacks, and strokes are on the rise, critical illness insurance has become a crucial component of financial planning. These plans offer a lump sum payout upon diagnosis of life-threatening conditions, ensuring that policyholders have the financial resources to cover treatment costs and recover without compromising their savings. This article reviews the top critical illness insurance plans in India for 2024, focusing on key aspects like coverage, premiums, and claim settlement ratios. Whether you’re looking to safeguard your health or secure your family’s financial future, here are the best policies…

Introduction The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a series of new guidelines for health insurance that will come into effect in 2024. These changes are designed to enhance policyholder benefits, with a focus on senior citizens, the reduction of the moratorium period, and an improved claims process. With healthcare costs rising steadily, these updates are a significant step towards ensuring more accessible and transparent health coverage for all. In this article, we break down the key changes and their implications for both existing and new policyholders. Key Updates in IRDAI Health Insurance Guidelines 2024 1.…

Introduction Health insurance portability allows policyholders to switch insurance providers without losing their accumulated benefits such as the waiting period for pre-existing diseases or the no-claim bonus. In 2024, portability has become more accessible due to regulatory enhancements by the Insurance Regulatory and Development Authority of India (IRDAI), making it easier for consumers to transition between insurers. This guide will walk you through the process of porting health insurance policies, the benefits of portability, and what you need to know before making the switch. 1. What is Health Insurance Portability? Health insurance portability is a feature that enables policyholders to…