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I've a Max Bupa Critical illness policy in place, however, I understand that cancer will get covered only at Stage 3 or 4.
If this is true, should one buy a Cancer policy apart from Critical illness? It should not happen that Cancer is detected at an early stage but it does not get covered in critical illness policy.
If I have a base cover of Rs. 10 lakhs and super top up of 20 lakhs (same insurer and deductible of 5 lacs), and the hospital bill comes to Rs. 30 lakhs, can I use the base cover of Rs. 10 lacs and then super top of Rs. 20 lacs? Or will the insurance limit it to Rs. 20 lakhs + 5 lakhs (deductible amount)?
Also, I get confused when an insurer says "total sum insured" of Rs. 20 lakhs (read it while checking HDFC ergo super top up). So will they restrict claims to Rs. 20 lakhs irrespective of hospital bill amount?
My friend recently died of Covid leaving behind their son (major), daughter (minor) and mother. The nomination in the insurance policy is son & daughter (minor) 50% each. How can he claim from the insurance company since daughter is u/g of brother, but the banks are not willing to open a/c u/g of brother.
Hi Sir/ Madam,
My wife and self both are working and want to take a family health floater for both+kid. I have a question with regard to tax benefits both can avail on a single policy:
a)If I take a family floater health insurance policy can the husband and wife split the said premium for the single health family floater health insurance.
b) Both individuals will be issued separate tax certificates basis the respective premiums paid by us.
My question is related to disclosing the treatment/therapy/counselling one might be taking for some psychological issues.
For example, I have been seeing a therapist for some time now for help with tackling personal and work related issues.
I discussed with my therapist about my intention to purchase term insurance and about the proposal form requiring me to fill info about any psychological treatment I may be having.
Here's what my therapist had to say.
'My issues do not fall under any clinically defined/classified disorders e.g. Depression/ Anxiety disorder etc, there are a bit of anxiety and depression traits but nothing that is defined clinically.
And I am also not taking any medicines for these issues, hence it is ok if I do not disclose info about these therapy sessions since it may add aditional complexity while purchasing term plan'
I need guidance regarding this scenario, what is the best practice followed in this case?Under what circumstances are mental treatments needed to be reported.
Thanks and Regards.
I'm considering buying ICICI Prudential iprotect Term insurance with coverage for 34 critical illnesses. This is a link to the product: https://www.iciciprulife.com/term-insurance-plans/iprotect-smart-term-insurance-calculator.html
For my age, they require me to pay a premium of 93000 per year for a coverage of 1 crore rupees. while the premium is very high, the compelling highlight of the product is that I get paid 1 crore rupee as soon as I am diagnosed with one of the 34 critical illnesses covered by this insurance. Apart from this they also promise to pay an amount of 83000 per month for 10 years after the death of the insured.
They claim a payout percentage of 97%+
While I fully trust ICICI and HDFC as organizations, could there be pitfalls that I could be blind to?
Our association Irma Almuni Association is looking for Term Insurance for its member. How do we go about it?
Hi, I was trying to buy Corona Kavach policy through several online portals but could not do so. A representative of one such portal communicated that insurance companies had stopped offering these two policies. But I could any find any reliable source confirming this news.
Is it true that companies have stopped offering Corona Kavach & Rakshak? If not, which providers are selling them online?
Why premium is increased this year in health policy(HDFC ERGO) despite no age bracket change or no claim is made
I have one question related to the health insurance, generally some people who are in early stage say around 25-30 can fall in pre-existing diseases like diabetic, blood pressure ..etc due to their way of living or some other reasons. For them, to take health insurance, obviously insurers will deny telling that we will not cover those type of cases. How can any person who is at this stage can get health insurance?
One solution: They can change their life style in order to suppress the pre existing disease as they are in youth stage, they can easily get over it by taking certain precautions and take the report from practitioner/doctor that they are perfectly fit from all of the things.
But even though they get this certificate from doctor, insurers won't believe as it is comes as under life long disease, can be changed any time.
What would you recommend for this type of case? Could you elaborate every known point? Anyone can give their perspectives. Thanks in advance. Waiting for your responses.