Health Insurance Experts Blog

Upgrading your Health Insurance Coverage

If you have bought your own personal health insurance before 2010, in all probability, you have sum insured coverage of less than Rs. 4 Lakhs. While it’s great to hear that you at least have your own independent health insurance, and are not dependant on your employer, it’s high time you realize that with the skyrocketing healthcare inflation, the sum . . .

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 Claim Settlement Ratio in India - Uncovering the true facts

Whenever I find time, I enjoy listening to call records of our advisory team with our clients. It’s great learning, and is full of interesting insights. One question which is very hot amongst customers is regarding Claim Settlement Ratio of Health Insurance Companies in India from IRDA. I presume that this is to understand how efficient Health Insurance companies are in . . .

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 . . .

Religare Health Insurance's new product – “Care” : How good is it?

Specialized Health Insurance companies have brought tremendous innovation, and choice to the market. In fact, this morning I was thinking how the choice and convenience would have been if we did not have these players, and only depended on the “general” General Insurance companies. Now, the fourth specialized health insurance company in India, Religare Health Insurance recently launched its first product . . .

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. . . .

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 . . .

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