Health Insurance Experts Blog

IRDA Health Insurance Regulations and Standardization Guidelines - How do they impact you?

Good news! Thanks to the continuous efforts of social worker and activist Gaurang Damani and the Mumbai High Court,we are finally seeing good changes in Health Insurance. In February, IRDA approved IRDA (Health Insurance) Regulations 2013. Following the regulations, the IRDA issued health insurance standardization guidelines to Insurance Companies and TPAs.  The regulations and the guidelines, straighten many grey areas, bringing . . .

Health Insurance Benefits that could turn into a curse!

I love the line in the George Clooney movie The Descendants: "you give your children enough money to do something but not enough to do nothing" I think we all will agree with this: "Too many benefits can spoil, more than they can help." So yes...in short...Benefits can hurt you, specially when they are extravagant, and open-ended. This applies to Health Insurance too. . . .

Report Card: Customer Experience Survey Review

At medimanage.com, we wake up everyday to build a service which actively "listens" and persistently "strives" to match customer expectations. We recently conducted an online experience survey with Customers/prospects, who, in the past, have interacted with our Advisory team, for Health Insurance policies. We sent this survey out to around 4000 customers. 476 of them responded. We would like to thank each . . .

Health Insurance Coverage - Planning for your Retirement and beyond

"....he never saved money or invested in mediclaim facilities and that's why he went through financial crunch," said Vijay Hangal, on the demise of his father, the legendary AK Hangal, (best known for his "Rahim Chacha" role in the iconic movie "Sholay") This comes as a surprise to many of us. How can a famous film personality, who continued working till . . .

Should I renew my health insurance policy?

Why the *#$! <insert your favourite cuss word> did I buy this health insurance policy at all? I just want to trash it. If this is you, please spend 5 minutes on this article. No I am not again selling you the policy. The article simply puts light on what you lose and what are the options you have, going forward. . . .

Apollo Munich's Senior Citizen Health Insurance - Optima Senior - Review (Including Comparison)

Its monsoon, and its raining products in the Health Insurance space. It unbelievable that, 3 of our last 5 blogs are about new product launches. But, wait this one is different, this is a rare launch of a Senior Citizen Health Insurance policy! Its great news for our Senior Citizens, as more products gets tailored for them. Till recently, we had . . .

New Launch!: Max Bupa Health Assurance - Fixed Benefit Plan - Review

Following the tradition of breaking exclusive news on health insurance products (We were the first to break news of L&T's Health Insurance product, Tata AIG's MediPrime, Apollo Optima Restore, and ICICI Lombard's Complete Health Insurance) we provide you another exclusive news. Remember, you read it first at Medimanage.com.  As discussed earlier in this blog, Fixed Benefit Health Insurance Plans, work very well as . . .

How IRDA is planning to change Health Insurance in India?

On 30th May 2012, IRDA published an exposure draft of IRDA (Health Insurance) Regulations 2012. The exhaustive 44 page new draft regulations for Health Insurance released,  reflect IRDA's continued efforts and intentions to "clean up" the grey areas in Health Insurance in India.  Here are the highlights.  All Health Insurance products henceforth would be renewable for lifetime, without any renewal ceasing age.  Grace . . .

ICICI Lombard's Complete Health Insurance : Review - Exclusive First Look

Medimanage.com Exclusive: The "big boys" of the Private sector, ICICI Lombard, Bajaj Allianz, Reliance somehow never revolutionized their products in Health Insurance, since they were launched in the decade of 2000. For instance, most of these companies, didn't offer "Lifetime Renewals", and more often than not, restricted their cover to Rs. 5 Lakhs sum insured At the same time, specialized insurance . . .

Uncovering Room Rent Limits in Health Insurance and their implications on Claims

Many health insurance policies, specially the policies from PSU/Govt. Health Insurance Companies, and most of the Group Policies (The health insurance through your employer or Bank Policies) have limits on room rent. The limit basically puts a cap on the per day room rent you can claim, linked mostly to the sum insured (total coverage) you are entitled to.  A recent . . .

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