General Insurance Queries

Which Health Insurance policy should I buy for my senior citizen parents

I want to buy a medical policy for my mother, father and me. I cannot decide whether to go for a health insurance or a medi-claim policy. I am looking for something that can help me cover hospital and major medical expenses. My parents are senior citizens (65yrs). I am getting very mixed reactions for the same. Please help me with: a) the difference between health insurance vs mediclaim, b) which one should I consider, considering my parents are senior citizens. Annual premium limit is not an issue. Please suggest?

Aug 3, 2016 by Priyanka, Mumbai | General Insurance

Many insurance agents uses the term health insurance and Mediclaim interchangeably leaving insurance buyers confused between the two types of medical insurance. Mediclaim is an indemnity product, or in... Read More

Please review the Max Bupa Health Insurance Plan selected by me

1. Max Term Life Insurance - 1Cr, 2. Max Bupa Health Insurance (Individual)- 5L. Please review the plan selection. I am 28 yrs old salaried. I am suffering from Lower Abdomen Pain from last 6 months. USG/CTScan/Urine/Blood Report all are ok. Finally referred to Orthopaedic. Adviced for MRI, Vit-D, TSH, etc test. One more thing - On Monday afternoon (in a Hospital) checked my BP 140/85, On Tuesday afternoon same Hospital 151/93, On Wednesday evening a doctor (MBBS, MD) - 120/80. Should I declare all this while filling up the form of Health & Term Plan? Am I in hypertension category? What are the things I have to mention and how. Do I need to send all the reports to the Insurer? Please advice?

Mar 31, 2016 by Indrajeet, Kolkata | General Insurance

Max term life insurance is indeed one of the best term insurance plans. As far as Health Insurance or Mediclaim is concerned, Max Bupa Mediclaim is rated as an average plan by Mint. We are not saying that, Max... Read More

Can Fire Floater Policy be issued for covering stock lying at Shop and Godown

Can Fire Floater Policy be issued for covering stock lying at Shop and Godown?

Mar 23, 2016 by Sumit B, Gulbarga | General Insurance

The answer is yes. You have to choose between a declaration or a floater fire policy depending on your business needs. To avoid the need to adjust the sum insured according to the changing stock value, a stock... Read More

Do you have a write up on critical care insurance offered by Mediclaim GH policy to Citibank Card Holders

My wife and I are 75 and 84 years old and covered since 2001 by mediclaim GH policy to citibank card holders issued by New India Assurance. Do you have a write up on critical care insurance and specifically for super senior citizens like us.

Feb 27, 2016 by Samir Ghosh, 6 South End Park Kolkata 700029 | General Insurance

New India Assurance’s Good Health Mediclaim Plan is available Citibank Card holders. Overall, we think it is a good plan but health insurance needs of every individual is different. Therefore, you should... Read More

Is Individual Health Insurance required if covered by employer

why it is necessary to buy a individual health insurance even if i am covered by Employer

May 19, 2014 by Dipali Borude, Maharashtra | General Insurance

It is not absolutely necessary to buy individual health insurance, if you are covered under the group health insurance plan of your employer and if you feel that the cover is sufficient. However, it is always a good idea to supplement your employer's group insurance plan... Read More

Calculation of Floater Health Insurance Plan premium on renewal

I have a family floater plan, which also covers my 61-year-old mother. What is the process followed by insurance companies to review their premium, especially if senior citizen are included in cover. Is there a maximum age for renewal in a family floater policy?

Jan 9, 2014 by Ajay Singh, Trichy | General Insurance

Most insurance companies review their portfolio and increase premium rates, from time to time. The periodicity of the review and revision varies from one year to few years. Please note the review is at a company level and not specific for any policy. Some policies also have a clause... Read More