The much awaited "Health Insurance Portability" is all set for launch from July 1, 2011. Now, health Insurance customers can switch to Health Insurance provider without losing on no claim benefits and waiting Period exclusion. Earlier, portability was possible only in Motor Insurance policy. This is a positive move for customers who has the option to choose services from desired service provider enabling offering best of services and price.
Showing posts with label health insurance. Show all posts
Showing posts with label health insurance. Show all posts
Friday, February 11, 2011
Now Change Your Health Insurance service Provider without loosing Benefits- Health Insurance Portability to be launched on 1st July 2011
Tuesday, October 12, 2010
LIC Health Protection Plus Review- Table No 902
LIC’s Health Protection plus is a unique long term health insurance plan that can combine health insurance covers for the entire family (husband, wife and the children) Hospital Cash Benefit (HCB) and Major Surgical Benefit (MSB) along with a ULIP component (investment in the form of Units) that is specifically designed to meet Domiciliary Treatment Benefit (DTB) / Out Patient Department (OPD) expenses for the insured members.This appears to be a very tricky product and when I contacted the agent for details, he was also not clear on many things.
Monday, September 20, 2010
New Direct Tax Code effective 2012: How it effects Personal Finance: completely explained
In the year 2009, Government had announced the New Direct Tax Code (DTC) from 01/04/2011. This announcement had created a big hype and also talked about simplifying our Tax structures. Initially it talked about replacing EEE(Exempt Exempt Exempt) regime i.e. Exempt at Contribution, Exempt at accumulation and Exempt at withdrawal with EET (Exempt Exempt Taxed) regime i.e. all savings and investments would be taxed at the time of withdrawal. Income tax Slabs were proposed to be significantly higher from present which would have resulted in much lesser tax outflow.
Sunday, August 1, 2010
Looking for Higher Health Insurance Cover: Here comes Top-up Insurance cover.
In the times of rising medical costs the perfect health protection for you and your family it is important that you have adequate health insurance cover for your family. Although most of us already have cover upto 5 lacs by paying hefty premiums we have never thought of opting for health insurance cover of 10 lacs, 15 lacs 20 lacs and so on.
Since most of the insurance companies offer health cover only upto 5 lacs, buying 4 insurance cover of Rs 5 lacs each will turn out to be a very costly proposition. Here come new type of Health insurance cover " Topup insurance cover" In which you can take topup insurannce cover upto 15-20 lacs by paying fraction of premium which you will have to pay by taking 4 insurance cover of 5 lacs each.
Thursday, April 15, 2010
Myths and mistakes in Finacial Planning
One myth about financial planning is that it is only required if you are wealthy. However, It makes more sense for financial planning if you don’t have enough wealth and you lead a tight budgeted life. It also makes sense to some extent that we hire a professional Financial Planner help. Here are some common thoughts we all have which we all need to rethink and add that element in our financial planning.
• I don’t Need Financial Planning as I don’t have enough money
This is the biggest misconception we all have. Mind it that if you have enough money, then you need wealth management but if you don’t have enough you for sure need financial planning. Financial planning is a tool for wealth creation as well as managing your expenses, health Insurance cost,
securing the life cover whereas wealth management is only about managing and growing your wealth. Once you become wealthy, then only wealth management will work for you whereas financial planning will work for you always.
Tuesday, March 23, 2010
Health Insurance
Health Insurance also known as Mediclaim is a facility provided by general insurance insurance companies, whereby in return for a small premium amount, the latter agreeing to bear the medical expenses including hospitalization, medical fees, tests and other related expenses due to illness or injury upto pre-decided amount till the policy is in force.
Key Health Insurance Covers & Benefits:
• Room & Boarding expenses: There are limits to this feature varying from company to company.
• Cashless Hospitalization: So that there are no worries on availability of cash.
• ICU charges, doctor, consulting, anaesthetist and surgeon fees, operation and other diagnostic and surgical material costs, ambulance charges are covered.
• Day-Care expenses such as Chemotherapy, Dialysis & Radiotherapy etc.
• Pre & Post Hospitalization Expenses which normally are 30 days prior and 60 days after hospitalization.
• Domicilliary expenses – these are expenses which may be incurred when the patient is at home.
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