Wedding Insurance

From a sudden cancellation to stolen gifts, wedding insurance helps protect you against the unforeseen circumstances and gives you great peace of mind

Wedding is that auspicious event that marks a new beginning rather than a new chapter of life. Two people who plan to unite and stay together tie the pious nuptial knot. This special day is all that a couple dreams about and all that they can’t stop worrying about. And though they might not think about it but disasters can strike the wedding.

Only you know how important it is to ensure the happiness and satisfaction on this big day of yours. To avoid major bloopers on this day, opting for wedding insurance is catching on.

Now the question that might pop up in your mind is that what exactly a wedding insurance will do to you, from a sudden cancellation to stolen gifts, wedding insurance helps protect you against the unforeseen circumstances, and also can afford you great peace of mind.

Basically, wedding insurance protects a couple’s investment from circumstances beyond their control, and reimburses the expenses that they incur on it. For example, what if the reception space goes out of business a month before the wedding and you lose all your deposits and have to book another space, what if your designer wedding dress is lost in airport baggage and you have to buy a new one a day before your wedding? These are the types of big day financial losses that wedding insurance can help to protect.

Coverages

- Burglary of valuables

- Any damage to building and contents due to fire or allied perils

- Accidental death in family or that of close family friend

- Police action apart from child marriage case or cases that are criminal in nature also gets insurance protection

- Legal liability and third party damages

- Cover against food poisoning, loss of wedding ornaments

Money kept in safe

Coming to the point of premiums, wedding policies come at a very meagre premium. There also may be a provision for taking wedding insurance only for selected items. The compensation for wedding insurance comprises expenses, securities and advances based on actuals. The loss of property is calculated on actuals and perils.

Subsidiary marriage functions can also be a part of the policy. To clear a wedding insurance, it is essential to give a proper break-up of items.

For example, if there is damage to some property then amount lost, sets, other charges and every such things should be mentioned very clearly. Another question that might come out of wedding insurance query could be whether a unique situation wherein the bride or groom changing mind at the venue of wedding would be covered or not, the answer for which is that insurers call it a cold feet issue and thereby it will not be covered then.

Our big fat Indian wedding calls for lot of investment and in such a situation if any mishap takes place then it is going to take the whole event on a toll and therefore it is essential that you transfer your risk to the insurers and indulge into the madness of the wedding season that is approaching.

-Narendra Anand
The author is senior vice-president & Head GI, Bajaj Capital Ltd. 

Waiting period in health insurance

You will have to serve a waiting period when you sign up for a Health Insurance Policy or enhance your level of coverage.  Waiting period is necessary to keep the health cover fair. A waiting period protects the insurer by ensuring that individuals are not able to make a claim shortly after buying a Health Policy.

Waiting period also called the cooling period. It is the time after the purchase of policy under which no claim paid other than in the situation when claim has resulted due to an emergency. It varies (from 30 days to 90 days) from insurer to insurer.

Pre existing, waiting periods and Exclusions in a health Insurance policy 

Pre-existing are the diseases from which a policyholder suffers from before taking a health insurance policy. Most of companies in industry provide coverage to these pre-existing diseases after four continuous years of coverage.

Waiting Period for Pregnancy (Maternity waiting Period) 

Maternity benefits paid by certain health insurance policies/providers. However, most of them have a waiting period of 9 months to 48 months. It just means that health insurance plan needs to be planned much ahead of planning your family to cover all the expenses involved in the same and it cannot be taken after conceiving.   

Top Health Insurance policies from the Top-Insurers in India

Everyone wishes for good healthy life. However, bad time comes without knocking. We expect best treatment in the best hospitals for our loved ones. Good treatment incurs big cost. This is why Health insurance comes into picture, which helps us to maintain financial losses due to hospitalization.

Buying the right health insurance policy is very important but it’s difficult, as it’s not something that We do on daily basis, and the information and pricing can be complex.

When we endeavor to find the best-suited health insurance policies, it includes as much information as possible. We cannot show everything but we can show you many things.

Following is the list of Top HealthInsurance policies offered by top insurers in India with the complete plan details, which can really help you get the right health insurance plans to secure the happiness of your loved once.

               

Insurer	Apollo Munich	Religare	L&T	Max Bupa
Plan Name/ Features	Optima Restore-Family Floater	Religare Care	My Health Medisure Classic Insurance-Family Floater	Heartbeat -Family Floater- GOLD plan
Room Rent	No Capping	Single private room	1% of sum insured max. 4000 per day ICU 2% of sum insured max. 6000 per day	No Capping
Pre-Existing Disease Cover	After 3 Years	After 4 Years	After 3 Years	After 4 Years
Maternity Benefits	Not covered	Not covered	After 4 years	If S.I. 5 Lacs , Rs 40000, S.I. 7.5 Lacs , Rs 45000, S.I. 10 Lacs , Rs 50000, Upto 2 deliveries (After 2 years)
Ambulance Charges	Upto Rs.2,000	Upto Rs.2000	Upto Rs. 1500	Covered
Cashless Benefit	In network Hospitals	In network Hospitals	In network Hospitals	In network Hospitals
Domiciliary Hospitalization	Covered	Upto 10% of sum insured	Covered	If S.I. 5 Lacs , Rs 25000, S.I. 7.5 Lacs , Rs 37500, S.I. 10 Lacs , Rs 50000
Free Health check up	Not covered	Every year	1% of sum insured (after 4 claim free years)	Yearly at the time of renewal
Tax Benefit	Covered	Covered	Covered	Covered
Sum Insured 5 Lakh/ Age 29 yrs	11149	10265	10782	17403

Insurance comparison is very important to getting the right health insurance policy. Keep following fine prints in mind while looking for the health plan-

·         Find the policy that meets your needs and must compare their features before making purchase decision.

·         Medical cost may vary from tier one cities to tier two cities. So do a check before finalizing health policy

·         Find what suits best - Individual HealthInsurance, Family Floater Insurance, or Critical illness insurance. This defines the investment cost and maximum benefits of the policy.

Hoping the above plan details help you a getting the right health insurance plans from the best insurer in India.

Buy adequate health, home & motor insurance to mitigate any financial loss during rainy season: Experts

The sight of skidded cars and bikes after a drizzle last week was a grim reminder that monsoon is also a season of mishaps and illnesses. Despite knowing this, chances are that you may miss one item in your regular monsoon checklist — insurance covers. You can always take precautions to avoid or minimise the damage, but what if adisaster strikes despite all efforts?

Only an insurance cover can mitigate your financial losses in such a situation. It is prudent to use this monsoon to review your insurance needs. Some of the covers that you opt to buy this monsoon, will start only after a waiting period of, say, 30 days. But, that shouldn't deter you from buying them, say experts. 

Health & Personal Accident Insurance

Rain or shine, you must have a health cover. In fact, you should even get it for all the family members. "Basic hospitalisation indemnity plan accompanied by personal accident and hospital cash covers are essential during the monsoons.

It is also necessary to take care of any illness-related exigency such as gastroenteritis and enteric fevers, which arise mainly during the rainy season," says Renuka Kanvinde, assistant VP, health insurance, Bajaj Allianz. You may not able to claim for illnesses immediately.

"When it comes to healthinsurance, standard exclusions such as 30-day waiting period for all conditions except accidents, pre-existing conditions, cosmetic treatments etc would apply." Acquaint yourself with co-payments, room rent restrictions and disease-wise capping in the policies.

Personal accident cover is another must for earning members of all age groups, say advisors. It covers treatment expenses related to accident, and offers compensation if the policyholder suffers from disabilities or succumbs to the injuries. "Apart from risks that slippery roads pose individuals undertaking activities like rafting during rains also expose them to dangers, and hence, a personal accident cover is a must. In fact, every earning member of a family must buy this cover," says KK Mishra, MD & CEO, Tata-AIG General.

However, do compare the policy features offered by various insurers before buying one. Opt for comprehensive covers that offer compensation for permanent partial and temporary total disabilities too, along with permanent total and partial disabilities and death

Home Insurance

A home insurance will help in case the structure or contents are damaged due to flooding, inundation, storm, cloud burst, lightening and so on. "It can be of help in a city like Mumbai where water-logging occurs quite often during monsoons.

You should go for comprehensive home insurance cover instead of limiting it to just fire and theft," says Mishra. However, go through the fine print carefully before signing up. "It is important to be aware that rain water damages are not covered under fire and home insurance policy," says Arvind Laddha, CEO, Vantage Insurance Brokers.

Auto insurance

"You must have motor insurance cover that takes care of all sorts of damages, since your vehicle is more prone to damages during rains," says Vijay Kumar, chief technical officer, motor insurance, Bajaj Allianz General. "Though the basic motor insurance plans will cover the damages on the body and other outer equipment of the car, there are some claims that are not payable under the basic motor insurance policy.

Source: The Economic Times                                                                                                                  

Dated: 12/06/2014

Compare Individual Health Plans

Not sure, what kind of health insurance coverage you required?  Let us help. We can calculate premium for you with the complete coverage that best suits your requirements.

Compare different health insurance plans to find the best-suited insurance cover. You can estimate annual insurance cost and savings or chat live with one of our expert adviser.

Individual health insurance works against the risk of incurring medical expenses among individuals. You can save money by comparing different insurance plans, regular reviewing your health insurance coverage, taking benefits from your employer’s medical coverage and living a healthy life style.

Health insurance is a way to protect you and your family from dangerous financial disaster that could be result of medical expenses or health related issues. Health insurance is the only way, which can help you in such critical situation. There are ways that save money on your health insurance premium like:-

• Compare OnlineInsurance: Compare the different insurance policies with the complete plan details will definitely provide you the best suited health insurance policy as per your need.
• Opt for two-year policies: Health Insurance Companies like Apollo Munich, HDFC Ergo, and Star Health offer two-year health plans. Chances are you will benefit on more than just the premium front.
• Use Top up Health Insurance Plans: If you are looking for higher coverage, you can go with the top up health insurance plans. Enhancement in health insurance policy ensures that you get much improved policy at an affordable premium. 
• No Claim Benefits: With a successful year without the insurance claim means, the premium you would pay in the following years would be lower.

Health Insurance Portability – The Right to Change

The comparison of Health insurance is not just those who are looking for new policy but also for the existing policyholders. If you are not satisfied with the services provided by your existing health insurance company or you think there are insurance plans better than your existing one, you do not need to worry. Your Health Insurance Policy is portable. It means transfer of the credit gained by the insured for pre existing conditions and time bound exclusion if the policyholder wishes to switch.

Benefits of Health Insurance Portability:

·          Switch to one insurer to another if you are not happy with the services.

·          Choose the new insurance plan with the new health insurance provider.

·          Your new insurer has to give you the credit relating to waiting period for pre-existing conditions that you have gained with the old insurer

Following are the few conditions that you kept in your mind while looking for the health insurance portability:

·          Policyholder can switch in between the insurance provider or from one plan to another plan of the same health insurance provider.

·          For health insurance portability, previous policy must be in force without any break.

·          Policyholder should apply for portability at least 45 days before the premium renewal date of the existing health insurance policy.

§  Write to your old insurance company requesting a shift

§  Specify company to which you want to shift the policy

§  Renew your policy without a break (there is a 30 day grace period if porting is under process)

·          Portability allowed to all individual health insurance policies including family floater policies issued by non life insurance companies.

·          The new insurer has the authority to fix a higher premium.

Enhance your Health Insurance policy - Compare & Buy Health Insurance online

Bajaj Capital Insurance

You can enhance your medical coverage at lower premium by using “Top up Plans”.  Enhancement in health insurance policy ensures that you get much improved policy at an affordable premium.  The rising cost of quality care at busy hospital May causes that sum assured of your current insurance policy is not sufficient. 

Top up plans serves as add-ons on your immediate health insurance policy. They are similar to the base health plan, except that they come with a higher deductible limit.

You are concerned about the limited amount of sum assured since medical expenses have increased excessively. Here a condition comes in which you are looking for a sufficient amount of health insurance but worries about the high insurance premium. In this situation, you can consider the option of Top-Up Plans.

Top up plans have “deductible” hence they are cheap. These plans also have threshold limit sometimes as high as the sum insured itself.  

Top-Up Health Insurance Policy: - Top health insurance plans are for those who already have individual, group or family health insurance plan. If the sum assured of your current health insurance policy is not sufficient due to illness or any other reason, Top-up plans takes care of the additional hospitalization expenses.

Deductible: - Deductible means a cost-sharing requirement under a health insurance policy.

Mr. Mohit has an individual health insurance policy of Rs. 4 lakh and a top up policy of Rs 6 lakh with the deductible of Rs. 4 lakh. In case of the serious hospitalization with a claim of Rs. 10 lakh; Rs. 4 lakh will be paid from the primary insurance plan and Rs. 6 lakh will paid from top-up insurance plan.

In other situation, Mr. Mohit has a top up cover with the threshold of Rs. 4 lakh and he hospitalized twice in a year with bills of Rs. 2.7 lakh and Rs. 2.5 lakh respectively, the top-up plan will not trigger. The top-up plan will only trigger if the medical expense crosses the threshold limit of Rs. 4 lakh.

While selecting the insurance plan keeps one important thing in your mind i.e. higher the detectable, the lower will be the insurance premium. Do not opt for an unrealistically high deductible just to save on premium.

Tips For Buying Health Insurance Online

Health insurance plans are easier than ever these days due to the online insurance providers. Plans of different insurance providers can accessed quickly with all details and compared easily as per convenience.  Intelligent websites takes seconds in fetching the health insurance quotes. Depending upon the health cover that you choose, applying and enrollment takes only few minutes. 

But don't be in hurry because choosing the right health insurance plan for you and your family is a very important financial decision.
 

Whether you are looking for individual health insurance, family floater health insurance plan, senior citizen health insurance, and critical illness plan or top up health plans, here are five very important health insurance buying tips for online consumers.

1. Identify your need:  The identification is very important for health care. Your coverage option depends upon many factors like where you live, pre existing disease. What If your employer offers you health cover, Is it sufficient? Every individual have their unique need so they must go with the health insurance plan as per their need. 

2. Sum Assured: The maximum amount that ensured person could reimburse is "Sum Assured". Before choosing sum assured, take into account the rising cost of quality care in busy hospitals. Mean while also remember higher sum assured having higher insurance premium. 

3. Collect Information and health history: Also, know the health information of the health insurance provider. Review the claim settlement ratio and know what your company offers in case of no-claim: bonus or discount. 

4. Compare Health Insurance Plans: Do not compare insurance premium, compare the insurance plan. Health Insurance is a complex product that tightly coupled with the financial security. You need to get into comparing the health plan features in detail, or take help of an unbiased health insurance provider. 

5. Ask the Experts: You will likely have many questions in your mind as you go through the process of online health insurance purchase. Ask to the industry experts with free o cost before you buy health insurance and start paying health insurance premium.

Bajaj Capital Insurance, comprehensive online insurance portal provides health insurance plans from the top insurers in India. Such plans covers you and your family against the medical expenses such as Hospitalization expenses, Day Care Treatment, Pre & Post Hospitalization cover, ambulance, etc.

How to Save Money on Your Health Insurance Premiums

Keep you Health Insurance premium down

Health insurance is something that you cannot avoid. In this world, there is no guarantee of health security. Any adverse incident can take place anytime and if you are not financially well-prepared, it will be very tough for you to save your life. Health insurance is the best way to secure some money for adverse situations like accidents and illnesses.

But the tragic is that in India, only 40% of people seem to be much sincere about their health insurance plans. The most significant reason for avoiding health insurance by a vast majority of Indians is that they find hard to afford such insurance premiums. The regularly increasing cost of living forces people to limit themselves in basic expenses. Therefore, it is must to show Indians the path from which they can save money on their health insurance premiums.

Health insurance plays an important role in every people lives. But when you are not able to choose the right insurance plan, it is difficult for you to continue it. Failing to pay premiums on time is the most common problems.

Online Insurance Comparison

As you know every problem has a solution, likewise, one of the best solutions is available to keep your health insurance premium down. And it is none other than online insurance comparison. The online websites for comparison for various health insurance policies are one of the fastest and the best solutions. These websites are designed to provide health insurance plans of various reputed insurance firms at one web page that you can find easy to compare. It will be right to say that these websites make comparison of policies at your fingertips. Use your smartphone or laptop anytime and anywhere to compare health insurance benefits and premiums. You can able to choose the plan that provides a huge saving of money and at the same time, benefits of insurance.

Fast andEasy Comparison

Today, well-educated people of Indian have found these insurance comparison websites friendly, fast and ultimate. A few simple clicks allows them to maintain distance from the insurance agents who only guide you for the plans for which they have found commissions. Also, online comparison of insurance policies allows you to save your quality time. You don’t need to take leave from your office in order to search for the best health insurance policy for yourselves. Whether you are at home or office, you can make online insurance comparison to choose the best and well suitable insurance policy.

Money SavingHealth Insurance Policy

Today, 7 out of 10 working guys of India have found these comparison sites wonderful. If you are still untouched with the benefits of health insurance, it’s time to look out for it. There is no need to step out from your home nor need to take assistance from insurance agents, just click to a reputed online insurance comparison site of Indian to know the best health insurance policy that keeps your premium down and provides great benefits during difficult situations.

 Today, online insurance comparison is the best solution you have ever discovered. Give yourself time to look for a reputed insurance comparison website to instantly choose the best policy and purchase it online.

Bajaj Insurance Capital is one of the leading websites for online insurance comparison. It is a wonderful platform to compare various top insurance company policies. 

How to Compare Health Insurance Policies

Bajaj Capital Insurance

“Health is wealth”, it is a universal fact. Considering the fact, it is important for every people to choose the best health insurance policy. These days, 7 out of 10 people prefer health insurance policies. But the tragic is that only 30% of people are able to get the best health plan for themselves. In other words, a large number of people in this world, especially in India, who are not satisfied with their health plan. The prime reasons for the dissatisfaction are lack of knowledge of health policies and avoid comparing plans. If you are on the way to buy a health insurance policy, it is important to increase your knowledge on the matter and don’t ever forget to compare various policies in order to choose the best one for yourself.

Now, you must be wondering that how to compare these policies. There are three ways for comparison but online comparison is the best way to go with. Read on to find how…

Visit some top insurance companies of your country and go through their plans in person. Carry your tablet or notebook to write down prices, coverage and several other advantages. Don’t you think that for this comparison method, you have to spend quality time?  Moreover, there is no guarantee that you will find out the right plan for yourself. Taking out special time from your busy schedule to compare insurance policiesis difficult.  

 Call an insurance agent to help you out.  If you analyse the service of insurance agents, it will not prove beneficial because these agents will tell you about the plans for which they have got an impressive commission. They might leave you with the health plan that is not well suitable to your needs. 

The best way to compare health plans is online help. Self-help from online is always very beneficial. It saves your quality time and effort. Comparison of health policies online is easy and interesting.  Go for wide search over the internet. These days, you can come across onlineinsurance comparison websites. They are playing a pivotal role for people who are looking for a well-suitable insurance plan. Comparing not only health but also various types of insurance plans have become easy due to these sites. In other words, comparison has become fast and easy. A long table of health plans of various reputed insurance agencies are displayed. It is easy for you to compare plans and choose the best among them. Nothing will bother you because you have varieties to compare. In case, you have any doubt regarding a plan, these comparison websites will provide you with online chat support and a customer care number. Talk to the comparison company about what you are expecting from your insurance coverage. It will help you as soon as possible. Even it will help you to buy an insurance plan from the comfort of your home. Such facilities are not offered earlier. But the internet has given you such a wonderful platform. Indians do have to realize the fact that online is the best way to compare insurance policies. Without taking leave from your office, you can able to find out the best health plan for yourself or your family. So, why are you wasting your precious time by adopting traditional way of comparing insurance policies? Go with online comparison sites.

Bajaj Capital Insurance is a leading online health insurance comparison company. It helps Indians to choose every type of insurance plan. The reputed website has alliance with top insurance companies of India including Max, Kotak etc….. The site will help you to compare various type of health insurance policies and at the same time, it will allow you to buy your favorite plan instantly. 

Bajaj Capital Insurance: Compare & Get Guidance to Choose the Best Health Insurance

Bajaj Capital Insurance, a leading Indian online life insurance and general insurance comparison portal, is all set to make your selection for health insurance easy, fast and profitable. It provides comparison facility of the insurance services according to pricing, key features and quality. Find the best health policy according to your requirements without spending much time. Bajaj Capital Insurance has made the comparison process fast through health insurance FAQs, dos and don’ts and instant guidance from expert health advisors. You can able to find healthinsurance for critical illness, family and group, and senior citizen.

Bajaj Capital Insurance has tried to include the health policies in its list that provide support during bad health issues. A health insurance covers cumulative bonus, cost of health check-up that you face from time to time, minimum time to stay in hospital, hospitalization expenses and cashless facility. Bajaj Capital Insurance is providing comparison of health insurance policies of well-known insurance companies of India including Apollo Munich, Religare, L&T, Max Bupa, National Insurance, and Star Unique Health etc… Tax benefits are covered in every health insurance plan.

The Managing Director of the Bajaj Capital Insurance says, “Each insurance plan we have included in our list is first analysed by our experts. With this web portal we are trying to support all Indians who wish to have the best insurance plan that can secure their future.”

Talk to our experts who will always available to help you out. Bajaj Capital Insurance firmly believes in “health is wealth” concept. Selecting a premium class health insurance provides provides protection for your health in which you will get an assurance to reimburse your medical expenses. It is the best way to secure your health.

About bajajcapitalinsurance.com-

Bajaj Capital Insurance is the most respected web portal for insurance comparison and purchase. It provides health insurance, life insurance, motor insurance, travel insurance and various types of other insurance comparison and purchase facility. Online and phone call support from expert insurance adviser is also provided. Bajaj Capital Insurance is the portal that saves your quality time that you might spend on searching insurance policies, comparing and analyzing. It is easy to compare insurance plans from Bajaj Capital Insurance.  Bajaj Capital Group has been awarded with Financial Advisor Award by CNBC-TV18. It won Best Wealth Management Company award for the year 2008-2009. Bajaj Capital has bagged many prestigious awards and appreciated by top insurance companies time and again.

For More Information contact +91 8447425559 or info@bajajcapitalinsurance.com or visit www.bajajcapitalinsurance.com

Compare Online Health Insurance: The Fastest Way to Choose the Best Policy

Bajaj Capital Insurance

Life is precious. Every person has the right to make their lives safe and beautiful. Health insurance is a wonderful medium to secure your life from hazardous diseases and incidents. Having a health insurance gives an assurance that you are capable enough to combat with your health issues because such insurance policies provide coverage of hospital bills and medicines. Without thinking of how to arrange money you can undergo medical treatment and safe your life.

These days, there are various types of health insurance plans to choose from. Various prestigious companies have come forward with lucrative health insurance plans. It is advisable to not to get panic and don’t be in hurry while choosing a health plan. Give yourself proper time to compare plans, prices and companies in order to find out the best health policy.

Compare Health Insurance Companies

Your foremost step is to shortlist the insurance companies. A good amount of money you invest in a health insurance plan and at the same time, you have a hope that the policy will help during our needs. There are several cases noticed where insurance companies fail to provide on time support. Also, there are many incidents in which the claimed money are not provided. Comparison of health insurance companies will enable you to reach to the company that cares its consumers and provides all the support that the plan has promised to provide. Always choose a prestigious insurance company that has no such negative reviews.  

Compare Health Insurance Plans

For this, analyse your health needs. Family and individual health insurance policies are available to choose from. If you are single, you will need less coverage. If the family has children, you could require a plan that covers lots of preventive care. Consider your future health care issues. When you analyse health needs, it will not very difficult for you to choose the right plan. You will not get confused by seeing varieties. Compare health insurance online! It is the fastest medium to choose the best plan for yourself. There is no need to use pen-paper because online comparison is fast and easy.

Compare Health Insurance Prices

Ask for quotes for the plans you have found suitable for yourself. Comparison of pricing of the health insurance policies that you have shortlisted is necessary. Decide how much you can afford in your insurance premium. If you have a reliable income, you can bear the plan that provides wide ranges of health coverage. Try to confirm that how the premium can be paid off. Usually, insurance companies provide flexibility to pay monthly, quarterly or yearly. Confirm the late fee charges and flexibility to extend the date of premium. Make sure that the insurance company is not going to increase the premium price in future. Talk to your agent. It may help you to choose the best health insurance plan. But when you mix your own ideas with the agent’s ideas, you could be able to choose a well-suitable health insurance policy.