The insurance regulator IRDAI has asked all health insurance companies to NOT increase health insurance premiums for senior citizens by more than 10% per annum. Also, insurers would now need to take prior permission from IRDAI if they need to…
Category: Health Insurance
Rs 1 crore ADITI Health Insurance (in Rs 10,000) by Narayana: Review + Features (2024)
Narayana Health Insurance, a newly launched insurance venture of the reputed Narayana Hrudayalaya group has made a surprising announcement. They have launched a Rs 1 Crore Family Floater Health Insurance (for 4 family members) plan named ADITI for a shockingly…
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IRDA’s New Health Insurance Master Circular 2024 (Download PDF Circular)
IRDA has released a new circular named Master Circular on IRDAI (Insurance Products) Regulations 2024 - Health Insurance on May 29th, 2024. This circular introduces significant changes to the health insurance industry in general and to your personal health insurance…
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Do health insurance Premiums increase with age?
Do health insurance premiums increase with age in India? Yes, that’s right. The health insurance premiums increase with the age of the policyholder in India. And this is true even for the existing policyholders. Their premiums can increase at the…
Health Insurance or Life Insurance – Which to buy first?
Life vs Health insurance. Both are important for most people. So its actually not about health insurance vs life insurance. Rather it's about life insurance AND health insurance. And sooner or later, one should have both these insurances in one’s…
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Health Insurance alone Not Sufficient for Old Age
Many people 'hope' that their health insurance plans will be sufficient to take care of post-retirement health and medical expenses. But this 'hope' may not last for long. I wrote an article on this topic sometime back. Why Having only…
Is Employer Group Health Insurance sufficient in India?
When it comes to health insurance, most people have only their employer’s group health insurance coverage in India. It’s like that the salaried Indians are more content with group health cover which is provided by their employers. As a result,…
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Tax Saving on Health Insurance (Section 80D) – Detailed Guide for FY 2024-25
Health insurance is like an umbrella - something that you don’t need every day; but once in a while when it rains, it really saves the day for you. On all other days, you won't miss it. But when it…
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A Portfolio to ensure that Life doesn’t F*** You!
Yes. There is a portfolio that you should create if you don’t want life to f*** you. And no, it does not include any shares. I am talking about having an insurance portfolio. Many of you may feel that this…
Why you should convince your Close Relatives to get Insured too?
Shouldn’t you just be bothered about getting you and your immediate family’s life and health insured? Ofcourse you should be. Immediate family comes first. And you don’t want to leave their health and post-your-death-family-expenses to chance. Isn't it? So definitely,…
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Health Care Inflation: Are Your Prepared for this Future Horror?
Rising cost of healthcare is not a new thing. But since most people in present generation are young, they don’t discuss it often. But still, the idea of health care inflation cannot be ignored now. Lets see why?…
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Yes. Buying Health Insurance protects Your Wealth, not Health.
For the past few weeks, I have been doing quite a lot of research on finding the Perfect Health Insurance Policy. And my research has led me to one simple conclusion. That there is no such thing as the Perfect…
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292 Words to Change Your Financial Life…Today!!
This post is inspired by Rohit’s brilliant post on how to manage your money. I am borrowing a few of his ideas & adding a few myself. Never depend on just one source of income. Save at least 20%…