I know this topic keeps a lot of you up at night: health insurance. Specifically, the dreaded question: does health insurance go up after a claim? Or, to put it another way, does health insurance premium increase after claim? Look, we all get health insurance for peace of mind, right? To protect us when those unexpected medical bills…
Medi Assist is a TPA, or Third Party Administrator, one of the largest TPAs in India. The company has launched its Initial Public Offering (IPO) on January 15, 2024. Medi Assist helps people who have health insurance use their benefits. They do this in three main ways: Medi Assist acts as a bridge between insurance…
Long back, I faced an issue with my health insurance policy. Our claim got rejected on the grounds of pre-existing disease. It happened in Yr-2008 when I used to work in Kolkata. We were very unprepared for the claim rejection. Moreover, I was also unaware of the criticality of such a clause. Hence, that episode made…
Buying insurance cover with home loan is not mandatory. But still, banks “insist” the borrower to avail this facility. What one must do? If buying insurance cover with home loan is not mandatory, then why the lender (banks) insist on it? There are banks who may not even accept the home loan application without insurance…
One day my Life Insurance agent approached me and informed me about a child insurance plan. That insurance policy provided insurance coverage of Rs 10,00,000. Upon purchase of this child plan, the annual premium payment was Rs 52,000 for next 18 years. The returns will be affected at the end of 18th year, 19th, 20th, 21st,…
Insurance planning is essential. It helps people to manage the potential risk that may come in future. The probability of occurrence of such a risk is bleak, but if it comes it has a high cost implication. This is why it is better to plan from a very early stage. What risks we are talking…
One day I was discussing with my friend about term insurance plans in India. Our thoughts were so different about the term plan that we nearly had a tiny fight. But the end was meaningful. Both of us agreed on a point with a conclusive evidence. No financial plan can be complete without inclusion of…
