What Is Cumulative Bonus In Health Insurance?
AI OVERVIEW A cumulative bonus (CB) in health insurance is extra sum insured your insurer adds at renewal, usually for every claim-free year, without charging extra premium. It typically grows by a fixed percentage of the base sum insured each year (commonly between 10% and 100% per year, depending on the plan) up to a […]
What is Health Insurance Portability and How it Actually Works in India
What Is Health Insurance Portability? Health insurance portability means you can switch from your existing health insurer to a new one without losing the benefits you’ve built up over time. This includes credit for waiting periods on pre-existing diseases, continuity of coverage, and other earned advantages. Imagine you have a health insurance plan with a […]
OPD Health Insurance in India: What It Covers, Costs, and How to Choose Right
Outpatient care accounts for approximately 62% of healthcare spending in India. For those dealing with long-term conditions or needing regular medical attention, costs from routine consultations, diagnostics, and medications can add up quickly. This highlights the growing need for health insurance that includes OPD cover, especially in today’s urban lifestyle where outpatient visits are frequent. […]
Waiver Of Premium Rider In Health Insurance
Meet Arjun, a hardworking and ambitious professional who always took proactive steps to secure his family’s financial future. He purchased a term insurance policy to ensure that, no matter what happens, his loved ones are secure. Unfortunately, Arjun’s life took a dramatic turn when he met with a severe car accident. The accident left him […]
Types of Discounts Available With Health Insurance
Who doesn’t love a good discount? Whether it’s for shopping, dining out, or booking a vacation, discounts always spark a little extra excitement. Now, imagine getting those same savings on something as important as health insurance. Yes, you heard that right! Many insurance companies offer a variety of discounts to encourage people to invest in […]
How To Decide On The Right Savings Plan?
Choosing the right savings plan might seem daunting at first, but it’s one of the smartest steps you can take towards securing your financial future. Whether you’re saving for a big purchase, planning for retirement, or simply wanting to build a safety net, the right savings plan can provide the foundation you need. It’s not […]
ULIPs Vs Savings Plans
When it comes to planning your financial future, safeguarding your security and that of your family is essential. Two of the most widely considered options for long-term financial growth and protection are Unit Linked Insurance Plans (ULIPs) and Savings Plans. ULIPs stand out by combining life insurance coverage with the opportunity to invest in market-linked […]
Health Insurance Vs Critical Illness Insurance
Life has a funny way of throwing surprises at us – one minute you’re feeling fine, and the next, an unexpected illness or injury can completely change things. That’s why having health insurance is essential. It covers your hospital bills, treatments, and medical expenses, offering peace of mind when you need it most. But what […]
Types Of Insurance On Debit Card
Debit cards have become a staple in our daily lives, making it easier and faster to manage our money. Whether you’re shopping online or tapping to pay at the grocery store, debit cards offer unmatched convenience. But with this convenience also comes the risk of loss, theft, or misuse. That’s where debit card insurance steps […]
Is 1 Crore Term Insurance Enough?
Life is full of surprises, and while we can’t predict what lies ahead, we can certainly take steps to make sure your loved ones are financially secure if the unexpected happens. One way to do that is through term insurance – a simple and affordable way to protect your family’s future when you’re not around. […]
How To Check Add-Ons Available With Your Health Insurance?
What are Add Ons in Health insurance? A health insurance add-on refers to an optional feature or coverage that you can attach to your basic insurance plan by paying an extra premium. Think of your base health insurance policy like a basic meal you get the essentials, such as coverage for hospitalization, surgeries, and basic […]
Waiting Period in Health Insurance: Types and Tips
Understanding waiting periods in health insurance When you purchase a health insurance policy, it’s important to know that not all medical expenses are covered immediately for all. This interval is referred to as the waiting period. Simply put, a waiting period is the span of time during which the insurer will not pay for certain […]
