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. 

Overseas Travel Policy of 14 Indian Insurance Companies is to be accepted by Embassies for Issue of Schengen (European Visa Authority) Visa

Overseas Travel Policy issued by following Indian Insurance Companies is not to be honoured by Schengen (European Visa Authority) w.e.f.March 10, 2014

1- National Insurance
2- SBI General
3- ICICI Lombard
4- Bharti Axa General
5- L&T General Insurance
6- Religare Health Insurance
7- Raheja QBE.

This decision seems to have come because of various reasons and some of these are

1- Claims not being honoured
2- Policies floating in the market, which were not genuine policies or we can say were fake policies
3- Inability of Visa authorities to verify the genuineness of the policy by accessing the data base of the Insurance Companies as software is not compatible.

We are reproducing the Circular of Visa Authority according to which list of approved or acceptable Insurance Companies is:

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            Schengen States Consular Posts Approved List of Indian Travel Insurance Companies Providing Travel Medical Insurances for Schengen Visa Procedure

                 Effective as of 10 March 2014

                1) Apollo Munich for the age group of 6 months to 70 years

                2) Bajaj Allianz for the age group of 6 months to 70 years

                3) Chola MS for the age group of 0 month to 70 years

                4) Future Generali for the age group of 6 months to 70 years

                5) HDFC Ergo for the age group of 3 months to 70 years

                6) IFFCO Tokio for the age group of 3 months to 70 years

                7) New India Assurance Company for the age group of 0 month to 60 years

                8) Reliance for the age group of 3 months to 70 years

                9) Royal Sundaram for the age group of 3 months to 70 years

                10) Star Health and Allied Insurance for the age group of 6 months to 70 years

                11) Tata/AIG for the age group of 6 months to 55 years

                12) Oriental Insurance Company for the age group of 6 months to 60 years

                13) United India Insurance Company for the age group of 0 month to 65 years

                14) Universal Sompo for the age group of 0 month to 70 years

                 

Consular Posts of Schengen States approved specific travel medical insurance policy schemes for corporate travels of travel insurance companies on this list with 70 years of age as upper limit of appropriate coverage. However, acceptance of travel medical insurance policy schemes for group travels (e.g. tour or incentive groups) with 70 years of age as upper limit of appropriate coverage is conditioned on that Consular Posts of Schengen States would be able to check the coverage of individual members of these groups in the Travel Insurance Portals of Non-Life Insurers of the General Insurance Council (online verification tool). 

Visa applicants are advised to note that other travel medical insurances issued by Indian insurance companies are not accepted for Schengen visa procedure. However, visa applicants may seek to obtain insurance in any other country where claims against the insurance company would be recoverable in a Schengen State.

NOTE¹

Visa applicants for a Schengen visa for one or two entries shall prove that they are in possession of adequate and valid travel medical insurance to cover any expenses which might arise in connection with repatriation for medical reasons, urgent medical attention and/or emergency hospital treatment or death, during their stay(s) on the territory of the Schengen States. Visa applicants for a uniform visa for more than two entries (multiple entries) shall prove that they are in possession of adequate and valid travel medical insurance covering the period of their first intended visit. In addition, such applicants shall sign the statement, set out in the application form, declaring that they are aware of the need to be in possession of travel medical insurance for subsequent stays. The insurance shall be valid throughout the territory of the Schengen States and cover the entire period of the person’s intended stay or transit. The minimum coverage shall be EUR 30 000. Applicants shall, in principle, take out insurance in their country of residence. Where this is not possible, they shall seek to obtain insurance in any other country. When assessing whether the insurance cover is adequate, consulates shall ascertain whether claims against the insurance company would be recoverable in a Schengen State.

¹This note makes reference to Article 15 of Regulation 810/2009 of the European Parliament and of the Council of 13 July 2009 establishing a Community Code on Visas.

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We are surprised to see age limit of 70 years. What will happen to those who are above 70 years? This needs to be clarified. May be IRDA can come up with suitable action to save the image of those companies, who have been blacklisted.

We in Ria Insurance Brokers P Ltd will be pleased to answer queries from you, who are planning to go in for Schengen Visa in the coming months. We are reachable on ria@surekhae.com

Salient Features of Cigna Health Insurance Policy

It is always good to have more entrants to Health Insurance sector as every new entrant brings some innovation in product, which is good or even better for the client.

Some of the features which we have noticed in Cigna product and need appreciation are:

1. Sum Assured of Rs.100 Lakhs is possible. Till recently this was Rs.50 Lakhs / Rs.60 Lakhs in case of Religare Health Insurance. National policy for Senior Citizens has maximum cover of Rs 1 Lakh + Rs 2 lakh for Critical Illness.

2. Overseas Travel -Insured is covered for sum assured or Rs.10 lakhs (whichever is lower) for overseas travel, where medical emergencies can be covered. This means that Overseas Travel Policy need not be required by those policy holders ,who are not bothered about risks like:

·        Baggage loss

·        Passport loss.

This benefit will be a good benefit for senior citizens, who may not need Medical examination for issue of overseas Travel Policy.

3. For those who are opting for Sum Assured of Rs.4.5 lakhs and more – extensive medical tests can be done every year, which cost Rs.6000 to Rs.8000. Going in for medical tests every year can result in early diagnosis of some major ailments. It can avoid pain to the insured and avoid major claim on Insurance Company 

For quotes you may reach us on ria@surekhae.com or call 9810090853

“Compare Online Insurance Quotes” – Why it is Important?

Bajaj Capital Insurance

Compare your insurance quotes online against top insurers. Bajaj Capital Insurance’s hassle free services help you find best insurance quotes in India. Bajaj Capital Insurance helps you choose the right amount of coverage to for your needs.

When you will get online insurance quotes via our online insurance portal, you will receive:

Online Help during Your Quotes

Insurance comparison can be confusing, but for all online insurance quotes at Bajaj CapitalInsurance, we can suggest types of coverage to consider, we will tell you how each coverage works for you.

Money-Saving Tips

We let you know if you should consider going without certain types of coverage to help you budget for insurance plan. Alternatively, you can easily adjust specific coverage and see how those changes affect your rate for insurance cover. Online Insurance Comparison is fast and simple.

 

Purchase Options

For those who start insurance quotes online but decide they would rather support over the phone, just call us at +91 8447425559. We can easily retrieve insurance quotes and help you buy your policy.

 

Backdating Your Life Insurance Policy: Will Save Thousands

Bajaj Capital Insurance

Backdating an insurance policy is legal in the insurance industry. Therefore, the insurance plans launched by any insurance company in the last 1-2 Months can be bought with any date in the financial year starting from 1 April 2014.

Impacts of Backdating Life Insurance Policy-

• ·         Backdating is possible only on endowment and money back policies.
• ·         When backdating a policy, the premium will have to be paid for the backdated period together with interest charges.
• ·         A policy can be backdated to let its maturity coincide with any special day, such as birthday or wedding anniversary.
• ·         The policy matures earlier than it normally would. In endowment policies, this could be an advantage as survival benefits accrue earlier.

Here is an example of how backdating can benefit a person who is looking for coverage:

Amit applies for coverage on September 1. His birthday is September 15 and the insurance policy is approved and issued on September 30. If the policy is backdated to September 14 (the day before the applicant's birthday), he or she can take advantage of lower rates.

When shopping around for life insurance coverage, a consumer should ask whether a company offers backdated life insurance premiums to its policyholders. The savings in premiums over the life of the policy need to be calculated before deciding to buy a policy with premiums calculated in this manner.