Critical Illness Insurance Policy - Compare Health Insurance Plans Online

Critical Illness Insurance

Critical illness cover and critical illness insurance is a form of protection that can provide you with a lump sum payment if you suffer from a covered critical illness and the survival period is satisfied.

Most individuals mostly the young individuals know the importance of the Health Insurance Plan. Individuals may receive many benefits from the purchase of a critical illness insurance plan depending upon the certain conditions.

What Critical Illness Plan Covers:

Individuals must carefully examine the specific policy to know what it covered, in general most critical illness policies covers Heart Attacks, Bypass surgery, stroke, cancer and many more. Some policies also cover the loss of vision or hearing. Consumers should also determine what proof that the policy requires of the illness. 

Policy Riders:

Policy riders or we can say benefit riders are add-on insurance policies that cover health related services that are not typically covered by the health insurance plan.

General Riders Available with Health Insurance Policies-

• Ø  New Born Baby Care
• Ø  Hospital Cash
• Ø  Patient Care

The Best Plan:

The best way to compare plans is to contact Composite Health Insurance Broker so that you can compare the offerings of the several companies.

Making a smart decision on what plan is best for you and your family will require you to take following points in consideration:

• 1.    How much will your insurance premium?
• 2.    Can you choose doctors and hospitals of your choice?
• 3.    Are your specific health conditions covered by your insurance plan?
• 4.    What is claim settlement procedure?

Bajaj Capital Insurance – Comprehensive Online Insurance Portal

If you want to get the best-suited health insurance quotes, you can use comprehensive online insurance portals to get the best-rated health insurance plans. Such portal provides you the insurance plan details with the insurance premium from the top insurance providers in India under the one roof.

Compare Health Insurance Quotes Online to Get Maximum Insurance Benefits

Health Insurance Plan

Affordable financial security for you and your family: – Health Insurance Plan

When you start thinking about financial security, you must need health insurance plan. Investment is one of the important things you can do to secure you financial future. But what happens if you get injured or ill at any stage of the life. Your hard-earned investment may spend on your hospital bills. Which surely affect you financial planning. Sudden accidents or illness can happen to anyone at any time, and medical bills could derail all of your careful laid plans. Therefore, it is necessary to have Health Insurance Coverage.

However, getting the best-suited health insurance planis a not an easy task. Moreover, not suited or less suited health insurance plan may cause a threat to your future financial plans. So it is very important to identify your need for getting the best suited health insurance plan.

Shelly Singh of Bangalore is looking forward for Health Insurance plan, as her current employer not providing the health insurance benefits. She starts looking for the health insurance options offline. However, after looking too many of the health insurance options she gets confused. She said- getting best-suited health insurance plans is not an easy task.

Amit Sharma of New Delhi working with reputed IT Company in NCR getting health insurance benefits from the employer. But he realizes that an insurance offering from the employer is not sufficient and not suited as per his life style. When he starts looking for the health insurance plans online, he was stuck and not able to decide which is the best-suited health insurance plan. Then he feels the requirement of an expert advisor, who can provide him the customize health insurance plan as per his requirements.

This situation sucks! There are many of us facing the same problem. Health Insurance is a complex product as having many variables like individual health insurance plan, health insurance plan for family, critical illness plans, top up health insurance plans and many more.

If you want to get the best-suited health insurance quotes, you can use comprehensive online insurance portals to get the best-rated health insurance plans. Such portal provides you the insurance plan details with the insurance premium from the top insurance providers in India under the one roof.

Among many, BajajCapitalInsurance.com provides online advisory services where you can find the most suited and cost effective solution for you and your family’s health Cover.

What makes Bajaj Capital Insurance differ from others?

1. 50 years of financial services to Indian as well as NRI Clients as a Group

2. In house Claim Settlement team.

3. Free assistance by phone, chat and email.

4. 100+ Health Insurance plans from top health insurance companies in India.

5. Free Comparison engine

6. Buy Insurance policies online in minutes

7. And above all, security of your personal information.

Let Us Welcome Cigna ttk Health Insurance in India

It is always good to have entry of new Insurance Company, especially Health Insurance Company. The fifth standalone health Insurance company of the country “Cigna ttk Health Insurance Company Ltd" will soon be entering the Indian market.

Cigna ttk health Insurance Co. Ltd has received the regulatory licence from the Insurance regulator IRDA on Nov.13, 2013 and soon it will start operations in the Indian market. Its head quarter will be in Mumbai.

Its a joint venture between U.S health service giant Cigna Corporation & an Indian conglomerate- ttk group.

We in Insurance Industry have been familiar with ttk as a TPA under the name of ttk Health Care Services Pvt. Ltd.

We are pleased that at least 1 US Health Insurer has entered the Indian Market. As we know that out of 4 -3 Insurance Companies have foreign affiliation with non US companies :

Star                                            Oman

Max Bupa                                    UK

Apollo Munich                              Germany

Religare Health                              ---

According to Mr. William L. Atwell, President of Cigna International “Entering in to India is an exciting new chapter for Cigna International, as we have the Innovative solutions to help the Indian Consumer meet the important health challenges. We are committed to improving access & quality of care while reducing costs.”

As per the plans of Cigna ttk - it will set up an innovative distribution network. It plans to leverage its network of pharmacies & physicians to sell its health insurance plans. The simple health Insurance products would be sold over the counter. We as www.healthinsuranceindia.org feel that they (Cigna ttk) should not violate IRDA regulations on Corporate Agency/ Agency i.e product should be sold by trained professionals or organizations say Insurance Brokerage Firms. Recent penalties on Insurance Companies/ TPA’s/ Insurance brokerage Firms are an eye opener. We are sure Cigna, a great brand in US will not like to take any wrong step.

We understand that Cigna ttk product will be a box product & the buyer would be able to get a policy kit across a counter. This is similar to what Reliance General introduced in 2005. There may be a simple product for which medical tests are not compulsory criteria and the documents can be submitted online once the customer reaches home.

According to  Mr. Sandeep Patel, Managing Director & Chief Executive Officer of the company–“We will strongly leverage Cigna’s Global Health Insurance services, experience & expertise as well as the trust of the TTK group to offer an innovative suits of products.”

Let us hope that we as consumers will get special treatment from this company. Indian market has been waiting for introduction of following:
OPD Treatment
Dental Care

Cigna has been doing this in US for a long time. If they introduce these products/features  it will be a good achievement & initiative.

If it is going to be a normal product then customers are at present & having a wide choice available.

The Changes in Oriental Happy Family Floater policy’s guidelines result in increase in premium for many families as high as 86%

Till Nov. 03, 2013 the Oriental Happy Family Floater policy‘spremium calculation was unique & was very popular as in this the premium was calculated based on the age of the proposer. As a result the product was popular among large families comprising of self/spouse/parents/parents in law and even children below 21 years.

The revised calculation method announced by Oriental Insurance Co. Ltd. on Nov. 4, 2013 is:

·        If one generation is covered the primary member would be the person of higher age

·        If two generations are covered i.e. husband, wife & children, primary member would be the person of highest age.

·        If three generations are covered by excluding the senior most generations, the highest age member will be the primary insured.

This has affected the premium amount a lot.

Let us see this with example

Let us take an example- Suppose a family of 4 members, husband (35yrs), wife (33 yrs), mother (60yrs), father (62 yrs) was insured for Rs. 6 Lakhs of sum insured. According to the old rate their premium would be 20490 Rs. But, according to the revised rate its premium will be 38200.

Oriental Happy Family Floater Comparison Rates
	Age	Old Rate for Rs. 6 Lakhs	New Rate for Rs. 6 Lakhs
Self	35	Rs. 7,140	Rs. 1,430
Spouse	33	Rs. 1,430	Rs. 1,430
Father	62	Rs. 7,800	Rs. 31,220
Mother	60	Rs.4,120	Rs. 4,120
Total Premium		Rs. 20,490	Rs. 38,200
Total Premium after S.tax (12.36%)		Rs. 23,023	Rs. 42,922

So, we observe that a total increase of 86% in premium hasbeen imposed on this family.

Due to this high increase in premium rate this product has lost its attraction. Is it good or is it bad for the company – only time will tell. We foresee many families will use the portability clause to switch over to other companies.

Surprising, No Health Insurance Policy is available for Cancer Patients

India is having 30 Lakhs Cancer Patients and every year 8 Lakhs new patients get added to this number.

According to Mr. R.K.Chaturvedi, Adviser to Vedanta’s Cancer Hospital project.

“The number of cancer patients in India is rising alarmingly and from year 2020 onwards, the nation will add more than 20 Lakhs new cancer patients every year,”

It is surprising to know that not even a single Insurance Company is ready to provide Health Insurance for patients who are having pre- existing cancerous condition.

The Raheja QBE, who offers a product separately with the name “Cancer Insurance”, does not cover a pre- existing cancerous condition. They provide cover to the persons who have not been diagnosed cancer symptoms.

Some Life Insurance Companies as well General Insurance Companies offer Critical Illness Cover under which Cancer is one of the diseases. It means Raheja QBE has introduced a disfeatured Critical Illness product under the fancy name of “Cancer Insurance”. This product does not cover a pre- existing cancerous condition or patient. They provide cover to the health persons who have not been diagnosed with Cancer symptoms.

Now, here is a question that which is a better option for proposer or client.

-        To purchase a standalone Cancer insurance of Raheja QBE

-        or

-        To purchase a life insurance policy providing a critical illness cover. Here is a comparative analysis of the premium rate of two companies who gives cover against cancer.

TATA AIA: - CriticalIllness cover for the Sum Insured of Rs. 10 Lakhs for a person of age 35 will cost Rs. 8892.

Raheja QBE: - Aperson of age 35 to get cover against cancer for the sum insured of 10 Lakhs will cost Rs. 3060.

Therefore we can interpret that the Life Insurance plan for Critical Illness Cover may be much better & cheaper than standalone Cancer Insurance Policy.

Rajiv Gandhi Cancer Institute located in Rohini, Delhi has a scheme that those who are having no pre existing cancerous condition can make one time donation of Rs. 5000. They can have checkup and when required will be given free of cost treatment by this hospital in the event of person getting Cancer. 

Although, Rajiv Gandhi Cancer Institute is not Insurance Company but the initiative taken by this hospital needs appreciation.

Are You Covered? Hassle Free Health Insurance Plans Online!

Bajaj Capital Insurance

Health Insurance is available for every person having the max age of 80 years depending on few conditions. However, choosing the right cover is a scary task for most of people. Many of you prefer to go hospital without the appropriate Health Insurance plan. You generally think that health insurance premiums are not easily affordable. However, market is full with affordable and appropriate health insurance offering. You just have to choose the right one. However, before making any insurance purchase you have to know the product in detail.

Depending on the type of Health Insurance plan, you may be responsible for paying different percentage of your medical bill.

If you are looking for a quick, hassle free health insurance plan you must be know all about the health insurance.

What is Health Insurance?

This is compensation against the loss due to ill health.  Health insurance is a type of insurance coverage that covers the cost of an insured person's medical expenses.

Why Should I Buy Health Insurance?

No one plans to get ill but most people needs medical care at some stage of life. Health Insurance covers these costs and protects you from such very high expenses.

When Should I Buy Health Insurance?

It depends upon to the requirement. It always better to have insurance plan at early stage of life. For example- The waiting period under maternity insurance varies from 12 to 48 months. A new policy cannot provide cover for already pregnant women.

What does the health insurance plan cover?

Health insurance plan generally covers hospital expenses, general treatment cover etc. There is different kind of cover that offers different benefits.

What are types of health insurance plans?

·                Individual Health InsurancePlans

·                Family Health Insurance Plans

·                Senior Citizen Health Insurance

·                Critical Illness HealthInsurance

·                Top Up Plan

   What are the policy riders?    

Standard health Insurance policies leave little room for customization. Policy riders provide additional benefits separately from the basic policy.  Riders help policyholders create insurance products that meet their specific needs.

What are top up plans?

Additional plans to enhance your current health insurance, providing you with better coverage and greater benefits. They are a spare to your health reimbursement policy after you exhaust the sum insured limit.

Should I go Online for Health Insurance Purchase?

For getting the competitive insurance premium with appropriate coverage, comparison of the health insurance plan is very important. However, the offline insurance comparison is a very scary task. Online insurance comparison is the most effective way to get the best health insurance quotes. Comprehensive online insurance portals as Bajaj Capital Insurance provides best insurance quotes from the top insurance companies with the complete policy details. www.bajajCapitalInsurance.com also cares their clients for online health insurance purchase and assists them in the claim settlement process.

World Diabetes Day is celebrated on November’14, Let us work towards diabetes prevention.

We as an Insurance Brokerage Firm have been always guiding our clients on importance of preventive cure in avoiding / keeping diabetes under control. Buying Health Insurance does not mean that we can neglect our responsibility of preventive care .It was interesting to see an informative article on diabetes prevention in Mint-Nov 12, 2013. According to it:

Eating of following:

• Apples and Avocado
• Jamun ( fruit)
• Karela (vegetable) Bitter Gourd
• Beans
•  Barley
• Cinnamon
• Walnuts
• Egg whites
• Pumpkin seeds
• Green tea
• Grapes
• Fenugreek
• Take in more vitamin C like Oranges, Strawberries, Amla, Lime and Broccoli
• Take diet full of green vegetables and fruits
• Kiwi
• Vinegar
• Salmon

Do not eat / avoid as far as possible

• Trans fats 

Reduce consumption of following significantly or bring it near to zero

• Sugar / sweets
• Alcohol
• Animal protein i.e. Chicken etc.

Do

• Walk in the morning for 60 minutes, if possible bare foot on grass
• Practice Yoga
• Zero in on your weight
• Regular exercise
• Meditation

Copy

• Healthy habits of healthy people around you and translate them into your life

We appreciate the focus of Mint on guiding it’s readers with such informative articles.

Top Tips on Buying Health Insurance Online

Bajaj Capital Insurance

Health Insurance has become necessity today, especially in the view of rising health care cost at busy hospitals.

However large number of people still prefer to go hospital without the “Health Insurance” as they assume they cann’t afford the health insurance premium.  Thus, if you are looking for cheap and best health insurance cover, here are few top tips on buying health insurance.

·         Compare Health Insurance:  Compare health insurance premium from the top insurance provider to get the best premium. Comprehensive online insurance portal provides advantage of being able to compare policy combinations from across the best insurance providers.

·         Give your current hospital cover a healthy check: Market is full with best health covers so you have options of switching funds. If you think, your current insurance plan is not as per your need you have options to switch your insurance provider depending upon the few conditions.

·         Review your extras: Many consumers opt for extra covers, which they really did not need. These extra increases your insurance premium. So make sure your cover satisfied your requirement and the cost of the cover is competitive.

·         Best matched health policy:  Match the Health Insurance policy to your needs. Make sure that your insurance policy covers you for all the services that you need. This will surely reduce your out of pocket expenses.

·         USE Bajaj Capital Insurance: Bajaj Capital Insurance takes care of all the clients for health insurance purchases and claim settlement. In addition, provides advantage of being able to compare health insurance policies from the top insurance providers.

You would not be alone if you were looking for Best health insurance plan. If you want

• Ø  Peace of Mind
• Ø  To select hospital and doctor
• Ø  To save on insurance premium

Shop health insurance ASAP because as early as you opt the insurance cover, your insurance premium would be comparatively low.

Why you should avoid Health Insurance Group policy of Banks?

It is from time to time we come across a standard query-Should I buy policy from a specific bank?

We have always taken the stand:

Avoid it as the bank may stop the policy due to various reasons:

·       Change of InsuranceCompany

·       Cancellation of policy by insurance company due to higher claims.

Recently we have come across from newspaper reports about  the  case of Dr. Abhay Bedmutha’s who  had an account with Nashik Merchant Co-operative Bank Ltd. and was issued a Personal Accident Insurance Policy .  When Dr. Abhay Bedmutha died then his wife was informed that policy was not in force as the bank had discontinued some time back. No intimation was given to client about this fact therefore client was left uninsured.

This Widow/Nominee took matter with Consumer Forum and The National Consumer Disputes Redressal Commission has passed judgement that Bank should pay the following:

              Insurance Amount              Rs. 5 Lakhs

       Compensation Amount             Rs. 3.50 Lakhs

                               ---------- -------------

                                                         Rs. 8.50 Lakhs

How many persons have the courage to take the case to Consumer Forum?

We come to the conclusion that do not buy policies through Bank especially if these are part of Group Policies.

Best Health Insurance – Few Tips to taking care of your Health Insurance

Buy Health Insurance Online

The wish for healing has always been half of health. In today’s day, buying health insurance is as important as staying fit. You must have to choose the minimum amount of health insurance necessary for you and your family.

Following are the few necessary and important aspects, which you should take care while looking for a Health Insurance Plan.

• Decide whether you need an individual health cover or you need family floater health insurance. Your employer may also offer Health cover. Take a review of the policy provided by your employer. Taking a broad decision before buying health insurance plan is very important.
•  Go online visit insurance websites. Look the maximum health coverage limits. Compare the different insurance offerings from the different insurance providers.
•  Look what is covered and what is not with your insurance plan.

Few bullet points, which help you in deciding the value of any health insurance plan.

• The health cover plan should stress on preventive care rather than curative.
• The health insurance should not need referrals to see specialists.
•  The health plan should have lower premium for basic coverage.
• The health insurance should offer coverage for a wide range of conditions.
• The health plan cover should not make me change doctors too often. 

Life is full with unexpected happenings. It is very important to have health insurance to avoid future uncertainties. You can get ill and or can suffer with vehicle accident any time. Having health insurance is necessity in this modern era to secure the future happiness.

Time for Change - Getting Insurance Quotes Online is today’s new norm.

Online Insurance Plans

With the enhancement in the technology and services like SSL, online purchasing can be as safe as today shopping anywhere else. The extreme benefit of online purchasing is staying away from the product dealer / sales representative during price comparison. However, some shoppers do not enjoy such situations.

If we are talking about the insurance products – getting insurance quotes online is today’s new norm. All major insurance providers in India allow individuals to get quotes through their websites. In addition to the insurance broker’s website, such websites like www.bajajcapitalinsurance.com , policyboss, easypolicy etc allow access to multiple insurance plans from the different providers within minutes.

Here the question arises, why we should go online while looking for insurance quotes. Following are the three major concerns, which are likely the main reason of buying insurance policies online.

Negotiating: Insurance representatives are trained negotiators. Sales persons are capable enough in find out how to get you to purchase a particular insurance product.

In case of online insurance purchase, you become anonymous, and you can negotiate well enough w.r.t insurance plans.

               

Salespeople: Sales people have a reputation of being persuasive. Because of the increasing trend in internet sales, many insurance providers employed online sales department that totally differs from traditional sales departments. Online sales representative offers aggressive premium with details related to specific requirements. Online sales persons are usually more upfront and less aggressive as compared to offline sales persons.

Price Comparison: last but not the least, the very important aspect of the online insurance purchase is that you can compare the different insurance offering with plan details/premium within minutes.

Buying insurance online makes the process of insurance-purchase hassle free.  As internet is a very competitive market, you are hopefully to view correct and appropriate insurance solution with the best premium.

Few tips to keep in mind when you go online while looking for an Insurance plan

Online Insurance Purchase

It seems like every time you turn on the television, you encounter a commercial that asks whether you're paying too much for your insurance policy. Chances are you insurance advisor won’t be champing at the bit to tell you the answer, hence the burden is on your shoulder to find out.

With your laptop and a little planning, you can do it within an hour any time.

Whether you are looking for your first policy or you are looking for renewal or looking for better premiums, going online is a gateway to free insurance quotes, information about insurance providers, reviews about the insurers and other necessary information with no obligations. As well as lowest insurance premium is the other important aspect.

Let us take few tips to keep in mind when you go online while looking for an Insurance plan:

Online Insurance Search is not Just one Option: There are endless number of companies provides insurance solutions. There are only two ways to purchase insurance: you can purchase a policy in person through an insurance agent – A licensed individual who sells polices on behalf of one insurance provider or you can buy direct from an insurer online or offline.

You all are very much aware with the above two methodology. There is also a better way to do the same. You can compare the different insurance offering from top insurance providers under the one roof. Some licensed composite brokers provide free insurance comparison facility online from the leading insurance providers. Where you can find the best-suited insurance plans with few clicks.

Such composite brokers compile and provide information about insurance policies of various companies on a website. Online insurance purchase facilities are also available with authorized payment gateways.

Prepare before making search: When you shop for insurance online go one of the other routes and ensure that you come prepared with all the information you need to get best suited insurance quotes/plans. Few steps you can take to get low the insurance premium depending upon the insurance plans.

Shop Around: The cost of the same insurance policy can vary between companies to companies based on certain factors like marketing & advertisement cost, commissions paid to agents etc. To start comparing quotes, try login to composite insurance broker’s website like www.bajajcapitalinsurance.com , policyboss.com or easypolicy.com

Visit IRDA for any clarification: Insurance Regulatory and Development Authority- agency of Government of India for insurance sector supervision and development. If you're unsure if a prospective insurer is licensed validate through IRDA. If you have any concerns with insurance providers, report them.

Do not go by premium alone: Just because a company offers lowest insurance premium doesn’t mean you should let insure from that company. You must have to take a very close look of terms & conditions of the policy to ensure that policy matches all the required standards. You should also make sure that your insurer is financially stable before purchasing your policy.

How Much Life Insurance Cover You Need.

Bajaj Capital Insurance

No one in the world likes to talk about the death. However, the absolute truth is death. Life is the series of Judgment on changing situations. There is not ‘one size fit all’ cover that will suit all. As the priorities changes and this will affects how much life insurance cover you really need.

If some misshapen occurs, not only losing the dear ones, most of the times, families facing serious financial crises. Who will take care of your parent’s health, education of your children and who will take care of your spouse?

In such conditions, the Life Insurance is the only friend who can really help.

Now the Big Question arises, How Much Life Insurance is enough.

As a basic point, think about the following:

·         How much money will my family need to pay off all debts?

·         How much money will my family need to pay off immediate expenditures?

·         How much money you would like to leave to your family to maintain their standard of living?

If you already have Life Insurance: Take all your insurance policies and find out how much life insurance cover you have. Some employers offers insurance cover as part of their employment package, also include this in your total cover. Then ask your self is it enough to secure my families happiness if something wrong occurs. No one can judge better than you can because it is all about your family.

Life insurance is need for every one because Life insurance is not investment; it is a product, which protect your family in case of some misshapen occurs. Professionals can only help you calculate the life insurance cover that suits your requirement.

Receive Appropriate and free financial advice on your insurance options:

Market is full with online insurance offerings. You can compare the online term life insurance premiums and opt the best policy. An online insurance calculator is a great starting point, but you may wish to speak to someone to receive specific personal advice. At Bajaj CapitalInsurance, you can compare the insurance offering s of all the top insurance providers in India, we also provide the clients with free insurance advice over phone. A professional may-be arranged to help you determine which insurance options are better for you.