Beshak In The News

Galaxy Health Insurance’s maiden products offer a feature where policyholders’ premiums are locked at the age of entry, until they make a claim. The prospect of paying premiums charged to younger age groups as they will be lower is bound to result in savings in premium outgo for individuals. While you can take this feature into account while buying a policy, it should not be the sole parameter influencing your purchase decision.

The regulator had mandated that insurance policies must cover 12 modern treatments including balloon sinuplasty, oral chemotherapy, robotic surgery and stereotactic radiosurgery. However, not all insurance companies provide the correct coverage details for advanced procedures. Regardless of whether or not it is mentioned in a policy document, all insurers have to cover it, as mandated, up to specified sub-limits.

With no restriction on income, Ayushman Vaya Vandana card is universal, and senior citizens can receive free treatment in hospitals, both public and private

In recent years, heart disease has become one of the leading causes of health insurance claims. Not just the old but even younger people are suffering cardiac ailments.

Age plays a pivotal role in health insurance pricing. Premiums are generally lower for younger policyholders and rise significantly with age. How can buying early reduce your premium and extend coverage? Read to find out.

When it comes to choosing between term insurance and whole life insurance, this can be tricky. Term insurance is like renting coverage for a fixed period. During this period, you pay either a lump sum or periodically to get a coverage to give your loved ones a financial security in case of your death. While whole life insurance not only provides lifelong coverage but also has a savings component that builds cash value over time.

According to experts, the claim settlement ratio is too broad, there are a few other metrics that can be reviewed before buying insurance.

The government's free health insurance scheme, AB-PMJAY, will soon include seniors over 70, providing comprehensive coverage with no waiting periods for pre-existing conditions. However, the network of hospitals is limited, and experts recommend maintaining private insurance.

Several general and health insurers also offer Super Top Ups. In case of a critical illness or a hospitalisation where the bill is exorbitant, the base policy coverage often falls short. A super top-up comes in handy in such circumstances.