Beshak In The News

According to experts, the claim settlement ratio is too broad, there are a few other metrics that can be reviewed before buying insurance.

The government's free health insurance scheme, AB-PMJAY, will soon include seniors over 70, providing comprehensive coverage with no waiting periods for pre-existing conditions. However, the network of hospitals is limited, and experts recommend maintaining private insurance.

Several general and health insurers also offer Super Top Ups. In case of a critical illness or a hospitalisation where the bill is exorbitant, the base policy coverage often falls short. A super top-up comes in handy in such circumstances.

Find out why are health insurance policies sold by banks, or the likes of Paytm and PhonePe, much cheaper? How do these plans work? Are there any potential drawbacks one should be aware of?

In an announcement, government stated that the extended scheme would benefit approximately six crore senior citizens. They will be able to access a health insurance cover of Rs 5 lakh per family.

Many of us always carry debit and credit cards but are we aware that these cards also come with a complimentary personal accident insurance cover? Yes, you can claim your insurance through these cards. While some banks offer complimentary insurance on cards, some charge a monthly fee for the coverage.

Insurance companies have their underwriting processes. While some policies might include a mandatory medical check-up based on age, sum insured, or other factors, the insurer, not the customer, generally determines whether one is required

India's insurance sector is currently in the spotlight. In this piece, the premiums for various insurance policies are analyzed. Additionally, a comprehensive financial guide for insurance plans and expert portfolio advice is offered.

Health insurance policies attract an 18% GST rate on the total premium paid, the second highest tax slab. However, as premiums see a sharp rise due to medical care becoming more expensive, the government could be forced to reconsider its decision.