Bariatric surgery is a viable option for people with morbid obesity who fail to lose weight through traditional methods. Policyholders should review their plan’s terms and conditions to ensure coverage and fulfil specific criteria for validating their bariatric surgery coverage. There are three types of bariatric surgeries, and patients should consult a medical professional to determine the most suitable option. Finally, the cost of bariatric surgery varies depending on various factors. You should consult healthcare professionals to determine the most affordable and effective option within your budget.

Does health insurance cover bariatric surgery?

Most health insurance policies include bariatric surgery as per the guidelines established by the Insurance Regulatory and Development Authority of India in 2019. However, checking the terms and conditions of the insurance that covers bariatric surgery is advisable to ensure coverage. Health insurance policies cover bariatric surgery only if a person meets certain conditions, such as being aged at least 18 years and having a BMI or body mass index of 40 or higher. If the BMI is between 35 and 40 and the patient has comorbidities such as diabetes, heart disease, or stroke, a policyholder will receive coverage for the surgery. Additionally, the patient must provide a doctor's prescription and relevant diagnostic test reports to claim coverage. Finally, patients should expect to wait for the coverage to begin, as most insurance for bariatric surgery has an initial waiting period of around 30 days. Individuals with pre-existing conditions may have to serve another waiting period of 2 to 4 years.

Types of bariatric surgery

There are three types of weight loss surgeries: Laparoscopic Sleeve Gastrectomy (LSG), Roux-en-Y Gastric Bypass, and Mini Gastric Bypass (MGB).

• Laparoscopic Sleeve Gastrectomy involves removing the outer margin of the stomach to restrict food intake, reducing the stomach to about 15% of its original size.

• Roux-en-Y Gastric Bypass involves:
• The process of partitioning the stomach into a smaller upper section and a larger lower section.
• Reattaching the small intestine to the pouch.
• Creating a bypass for food to absorb fewer calories and nutrients.

• Mini Gastric Bypass, also known as Single Anastomosis or Omega Loop gastric bypass, restricts food intake, causes malabsorption, and alters gut hormones responsible for appetite control.

• Unlike the standard Roux-en-Y Gastric Bypass, MGB involves only one anastomosis and can be performed in less time and with fewer early complications.

The various surgeries come with their own set of advantages and disadvantages; hence patients must seek guidance from a healthcare expert to decide on the most suitable choice.

How much does bariatric surgery cost

The weight loss surgery cost can vary depending on various factors, such as a patient’s health conditions. Remember to ask the insurance provider, “is bariatric surgery covered by insurance” before choosing any type of surgery.

• The cost of weight loss surgery in major cities of India varies from Rs 1,36,000 to Rs 4,58,000.
• In Mumbai, the cost ranges from Rs 1,90,000 to Rs 3,58,000, while in Delhi, it ranges from Rs 2,30,000 to Rs. 4,58,000.
• In Bangalore, the cost is between Rs 2,20,000 and Rs 3,48,000, while in Kolkata, it is between Rs 2,36,000 and Rs 3,26,000.
• In Pune, the cost ranges from Rs 1,36,000 to Rs. 2,76,000, and in Hyderabad, it is between Rs 1,48,000 and Rs 2,66,000.

As we age, the risk of developing critical illnesses increases, making planning for unexpected healthcare expenses essential. Critical illness insurance for senior citizens provides financial protection against life-threatening ailments and lifestyle diseases that are expensive to treat. We will discuss the advantages of acquiring critical illness insurance for those aged over 60. Such policies provide coverage for exclusive therapies, medicines, and domestic medical services not included in standard health insurance plans. Furthermore, we will delve into how this supplementary coverage can safeguard retirement funds and offer reassurance for senior citizens and their loved ones.

What Is Critical Illness Insurance For Senior Citizens

The fast-paced and stressful lifestyle of modern times has resulted in a rise in lifestyle diseases, such as hypertension, diabetes, and others, leading to serious health complications later in life. However, one can live a healthy life with proper management and treatment. Critical illness insurance policies help you deal with the expenses related to critical conditions and lifestyle-related diseases. It’s imperative to invest in a top-tier health insurance plan that safeguards you financially from these ailments since the treatment for these critical illnesses is exorbitant, and the resultant financial burden is unsettling.

Before purchasing a senior citizen critical illness policy, it is crucial to consider various factors, such as present age, number of dependents, and health status. For example, suppose you have certain family members who are senior citizens and dependents. In such circumstances, you may want additional coverage for sudden healthcare emergencies, such as heart attacks. Thus, it is always advisable to opt for a critical illness cover for senior citizens with sufficient financial support. Additionally, people who smoke regularly, have high-stress jobs or are more at risk of developing health problems with advancing age should start to plan early to overcome hurdles while purchasing insurance.

Your present financial position is also crucial to consider as the cost of quality healthcare continuously increases, and inflation is bound to happen. Consequently, it is essential to think about all these issues while deciding on the adequate sum insured.

Why Should You Buy Critical Illness Insurance For Senior Citizens

While traditional health insurance coverage can help with medical expenses, it may not cover all the costs associated with a critical illness. For this reason, senior citizens must consider obtaining a separate critical illness insurance plan.

• A critical illness policy for senior citizens can provide additional financial coverage in the event of a severe medical condition. This type of insurance can cover specialised treatments, medications, and domiciliary treatment, which do not typically get covered by regular health insurance policies. This additional coverage gives those aged over 60 the financial resources they need to cover the costs associated with a critical illness.
• A critical illness’s potential impact can have severe repercussions on the retirement savings of senior citizens. In the event of a severe medical condition, senior citizens may have to withdraw funds from their retirement savings to cover expenses not covered by their standard medical insurance plan. This could significantly impact their retirement plans and leave them with a shortage of funds in their twilight years. Investing in a separate critical illness insurance policy can help alleviate these concerns.
• Critical illness insurance provides a safety net to senior citizens and their family members, as they have additional financial coverage in the event of a severe medical condition.

In conclusion, senior citizens should consider obtaining a separate critical illness insurance plan in addition to their regular health insurance coverage. One can also opt for it as an add-on coverage to widen the scope of coverage of their primary healthcare policy. This can ensure they have the requisite financial resources to meet the extra expenses related to a critical illness and protect their retirement savings.

As individuals age, their risk of developing health problems increases, leading to higher healthcare expenses. Senior citizens are more prone to chronic conditions, such as diabetes, heart disease, and hypertension, which require regular medical care. Due to their limited income and retirement funds, seniors may struggle to pay medical bills, making health insurance a necessity.

Senior citizen insurance, also known as elderly health insurance or senior health insurance, is designed to provide medical coverage to people aged over 60 years. The insurance policy in question considers the different healthcare requirements of older adults and offers extensive medical coverage at reasonable prices.

Medical insurance plans for senior citizens offer coverage for hospitalisation expenses, medical tests, doctor consultations, ambulance services, and pre-existing illnesses. Additionally, some insurance providers may offer add-on benefits to increase the coverage scope. However, amid all these benefits, there is one common query around this policy — Is a Mediclaim policy for senior citizens without medical tests available?

Can You Get A Senior Citizen Health Insurance Without Medical Tests?

In reality, senior citizens must undergo medical tests before their policies get approved. These tests help the insurer to determine the policyholder’s health status and the risks involved in covering them. For example, a senior citizen with pre-existing conditions such as diabetes or hypertension may be deemed to be at a higher risk of making a claim and may get charged a higher premium.

Any health insurer offering Mediclaim for senior citizens without medical tests can result in significantly lower coverage amounts and higher premiums. Insurers provide coverage without a medical exam for people up to the age of 45.

Things to Remember Before Buying Senior Citizen Health Insurance

• Cashless hospitals:

Network hospitals offer cashless medical treatment to policyholders, particularly senior citizens who frequently require medical attention. Managing treatment expenses can be challenging if the insurance provider does not have a network hospital in the policyholder's area.

• Waiting period:

Policyholders cannot claim for various illnesses or conditions during the waiting period, typically ranging from a few months to four years. It is crucial for senior citizens, who often have pre-existing medical conditions or may require frequent medical attention, to check the waiting period for such conditions.

• Daycare procedures:

These medical treatments or procedures do not involve an overnight stay at the hospital for the patient. Senior citizens may require such procedures frequently due to age-related health conditions. Therefore, checking if the health insurance policy covers daycare procedures and the extent of coverage is essential.

• Claim procedure:

To ease the claim process, senior citizens should choose insurance policies with simple reimbursement procedures, preferably online or over the phone, as they may face physical limitations in visiting the offices of their insurance providers. Also, completing extensive paperwork may be difficult for them. Additionally, it is essential to verify the insurer’s claim settlement ratio for reliability.

• Alternative treatment:

Most senior citizens often prefer alternative treatments like Ayurveda, Yoga, Naturopathy, and Homeopathy to treat various ailments. Hence, it is essential to consider health insurance policies that provide coverage for alternative treatments.

The Income Tax Act’s Section 80D offers a silver lining to taxpayers by enabling them to avail deductions for health insurance premiums disbursed towards their own well-being, family, and Hindu Undivided Family or HUF members. This deduction can help taxpayers reduce their tax liability, making it an attractive investment option. However, you must meet specific conditions and limits to be eligible for these deductions.

What is the Maximum 80D Tax Deduction Limit for Health Insurance?

Individuals and HUFs can breathe a sigh of relief as Section 80D of the Income Tax Act gives them the opportunity to avail of deductions for the health insurance premiums they've paid. The 80d deduction limit for individuals is Rs 25,000 for policy fees or premiums paid for themselves, their spouse, and dependent children. For premiums paid towards their parents’ health insurance, individuals can claim an added deduction of up to Rs 25,000 or Rs 50,000, depending on their parents’ age. If any health insurance policy does not cover medical expenses for senior citizens (i.e., you, your parents, or any family member), you can claim a deduction of up to Rs 5,000 within the Rs 50,000 80d limit. In case the individual, spouse, dependent children, and parents are all senior citizens, you can claim a maximum deduction of Rs 1,00,000 under this Section.

HUFs can claim an 80d maximum limit deduction of Rs 25,000 or Rs 50,000 for premiums paid for members aged under 60 or 60 and above, respectively. It’s worth noting that payments made in cash for health insurance premiums do not fall under the purview of deductions under Section 80D.

What are the Eligibility Criteria to Claim 80D Tax Deductions?

Health insurance is an essential part of your investment portfolio as it provides financial protection during medical emergencies and allows you to claim a maximum deduction under 80d. Unfortunately, many of the Indian population are not covered under health insurance,Different leaving them vulnerable to high medical expenses.

types of health insurance policies are available, such as individual, family floater, health insurance for seniors, and critical illness insurance.

• Only individual or HUF taxpayers are eligible to request write-offs under Section 80D for medical insurance premiums paid for themselves, their spouse, dependent children, and parents.
• Other entities like companies or firms cannot claim this deduction.
• Section 80D permits deductions for a range of payments, such as expenses for preventive health check-ups, medical costs incurred by senior citizens not covered by health insurance plans, and contributions made towards notified schemes.

In conclusion, investing in health insurance is a wise decision to secure your financial future and reduce your tax liability.

Imagine you have finally taken the step to secure your health and well-being by purchasing a health insurance policy. You feel relieved, knowing you have taken a proactive measure towards protecting yourself and your family. However, you soon realise that your policy comes with a waiting period for pre-existing illnesses. Suddenly, you feel a sense of uncertainty and wonder how this PED waiting period will affect you in the event of a medical emergency. So let’s talk about what exactly does waiting period in health insurance denotes, its duration, and factors to consider before finalising a policy and investing in it.

What are pre-existing illnesses?

Pre-existing illnesses are health conditions an individual already has before taking up a health insurance policy. These can range from chronic ailments like diabetes, heart disease, and asthma to terminal illnesses like cancer. Such illnesses get considered as pre-existing ailments if a person receives treatment for any ailment falling in this category before purchasing the insurance policy.

For instance, if a person has diabetes before taking up a health insurance policy, it will get considered a pre-existing illness. In case the policyholder needs medical treatment for diabetes, the insurer may not provide coverage or may provide it with certain restrictions and limitations.

Many insurance companies offer policies that cover pre-existing illnesses, but they may come at a higher premium or with various exclusions. One must exercise due diligence and carefully analyse the policy document, comprehending all the terms and conditions before making an informed decision. 

How much waiting period can there be for pre-existing illness?

Insurance companies determine the waiting period for pre-existing illnesses in health insurance policies. For instance, a healthcare policy you choose may have a 2-year waiting period for health insurance. In other words, you cannot make any claim for pre-existing illnesses or other ailments specified in the plan before the two-year period expires.

The waiting period for pre-existing illnesses in medical insurance policies may vary between insurance companies, but it generally falls within the 12-48 months bracket. The waiting period comprises the following parameters.

The waiting period for pre-existing diseases can vary depending on the disease type. Some diseases, such as hypertension or diabetes, are considered chronic conditions. Therefore, the waiting period for these diseases may be longer than other conditions.

The waiting period may also depend on the severity of the pre-existing condition. The waiting period may be more if the ailment is severe and requires significant medical treatment.

The policyholder’s age is also essential in determining the waiting period. The waiting period for pre-existing diseases is typically longer for older policyholders as they are more likely to have such health issues.

Important things to note about the health insurance waiting period

Here are some key aspects to note about health insurance waiting periods:

• Duration:

The waiting period for pre-existing illnesses generally ranges from two to four years, while the waiting period for specific treatments may be shorter.

• Coverage:

During the waiting period, a policyholder is ineligible for any benefits or coverage for the specific illness or treatment mentioned in the policy.

• Disclosure:

It is essential to disclose all pre-existing illnesses or medical conditions during policy purchase to avoid rejection of claims or cancellation of the plan.

• Renewal:

Waiting periods are usually applicable only for a specific period of the policy. A policyholder becomes eligible for the full benefits of the policy, including coverage for pre-existing illnesses, if he/she continues to renew the policy on time and completes the policy’s waiting period for specific ailments.

• Exclusions:

Certain policies may have permanent exclusions for pre-existing illnesses or specific treatments.

• Impact on premiums:

Policies with shorter or no waiting periods may have higher premiums than those with a more extended waiting period.

India has a high rate of accidents, which can result in huge financial expenses for the victim and his/her family. With the rising number of accidents on Indian roads and workplaces, it has become essential for individuals to have personal accident insurance. Let us start with getting into knowing what personal accident insurance meaning is.

Personal accident insurance provides monetary compensation in case an accident results in injury, disability, or death of a policyholder. This type of insurance can help individuals and their families cope with the financial impact of an accident and its aftermath.

Scroll down to learn in detail about personal accident policy.

What is Personal Accident Insurance?

These policies provide financial assistance against an accident resulting in injury, temporary or permanent disability, or even the demise of a policyholder. A personal accident insurance policy covers the insured person against accidents that occur while he or she is travelling, working, or participating in any other activities.

It is also important to know the features of the coverage that such plans offer. Some of the prime features of a personal accident insurance policy include coverage for medical expenses, accidental death, as well as permanent/temporary disability. Medical expenses coverage provides reimbursement for expenditures incurred as a result of an accident.

Personal injury protection insurance provides a lump sum payment to the nominee in the event of the insured person’s accidental death or permanent disability resulting from an accident. Temporary disability coverage provides a weekly or monthly benefit to the policyholder.

Benefits of Personal Accident Insurance

Understanding personal accident policy also requires being aware of the benefits it offers. The policy provides financial security to the insured person and his or her family from the adverse consequences that an accident can lead to. It offers much-needed peace of mind to the insured person and his/her family, knowing they will receive coverage against the financial impact of an accident.

Also, personal accident insurance policies are affordable, and the premium rates are reasonable. You can customise such plans based on your particular requirements. As per the Income Tax Act, a policyholder can avail of tax deductions for the premium paid towards a personal accident insurance policy under Section 80D.

Personal accident insurance policies do not require a medical examination for the policyholder to purchase the policy. One can also buy add-on covers, such as accidental hospitalisation rider, accidental death and dismemberment rider, etc., which provide additional coverage to the insured person.

Advantages of Buying Personal Accident Insurance

A personal accident policy provides a financial cushion to the insured and his/her family against accidents. The policy provides several benefits, such as financial security, peace of mind, affordability, customisation, tax benefits, worldwide coverage, and additional riders. Every individual should consider purchasing a personal accident insurance policy to ensure financial protection against accidents.

Apart from having a clear understanding of what is a personal accident policy, you must consider some factors before buying one. You must choose the coverage amount of a personal accident policy based on your particular needs and financial capabilities. It is essential to thoroughly read and identify the exclusions stated in the policy document. Some personal accident policies may have a waiting period before the insurance plan becomes effective. The waiting period may range from a few days to some weeks. Now that you have sufficient details about personal accident policy do a quick search and buy personal accident insurance at the earliest.

Mediclaim after 60 years is crucial as it provides financial support during medical emergencies, which is common in this age group. With age, the risk of developing chronic diseases and health complications increases, which requires continuous medical attention and medication. The cost of medical treatments has also increased significantly in recent years, making it even more important to have health insurance. Without a mediclaim policy after 60 years, the burden of medical expenses can quickly drain the savings of senior citizens and affect their financial stability, making it essential to have robust health insurance coverage.

Need of a Mediclaim Policy After 60 Years

With age, the risk of developing chronic diseases, such as heart disease, hypertension, and diabetes, increases. These medical conditions require continuous medical intervention, which can be expensive. Therefore, having a mediclaim policy after 60 years is crucial to ensure that you do not have to bear the financial burden of these medical expenses.

Also, financial capacity may get somewhat restricted in old age. After retirement, there is a significant drop in income, and one has to rely on his/her savings to manage expenses. In such circumstances, medical emergencies can quickly drain your savings. A mediclaim policy for those over 60 years provides financial support during such emergencies and ensures that their savings remain intact.

Furthermore, with the advancement in medical technology and increasing demand for quality healthcare, medical treatment costs have risen significantly in recent years. This makes it even more necessary to have a mediclaim policy that covers your healthcare expenses.

Things to Consider While Buying a Mediclaim Policy for 60+

When buying a mediclaim policy after you reach 60, choosing a coverage amount sufficient to cover all your medical expenses is essential. As you age, medical expenses tend to increase, so opting for a policy with higher coverage is crucial. It is important to note that some mediclaim policies come with co-payments and deductibles, meaning you will have to shell out a specific percentage of the medical expenses yourself. Therefore, checking the co-payment and deductible clauses before buying a mediclaim policy is crucial.

Most mediclaim policies have a waiting period of 2-4 years for pre-existing ailments. Therefore, choosing a policy that covers pre-existing conditions or has a shorter waiting period is important. Next, it is crucial to check the network hospitals of the insurer offering the mediclaim policy before buying it. This will ensure you can avail of cashless hospitalisation at the nearest network hospital without worrying about medical expenses.

Do consider the premium as the amount for mediclaim after 60 years tends to increase with age. Therefore, comparing the premiums of different policies before buying one is essential.  

In conclusion, mediclaim after 60 years is essential for senior citizens as it provides financial support during medical emergencies. Remember to consider the coverage amount, co-payments, deductibles, waiting period for pre-existing ailments, network hospitals, and premiums. By considering all these aspects, you can pick a policy that suits your medical requirements and budget.

The loss of a tooth, whether due to injury, decay or age, can significantly impact one’s quality of life. It can affect one’s confidence, ability to eat and speak, and overall well-being. Fortunately, a dental implant has emerged as a reliable and practical remedy for a missing tooth. Yet, opting for dental implants can be pricey, and not everyone can afford it. Many people in India are unaware that they may have options to help offset the cost of dental implants. This article delves into various methods to help cover dental treatment costs.

Will a Health Insurance Plan Cover Dental Treatment Expenses?

Typically, standard health insurance plans exclude coverage for dental treatments. The patient must bear any expenses for dental procedures that aim to improve facial appearance. Health insurance providers will only cover dental procedures that are medically necessary and recommended by a certified medical practitioner. In cases where a condition has the potential to become life-threatening if left untreated, health insurance will also provide coverage for dental treatment.

Several insurers have recently started providing dental insurance as an add-on. This additional coverage offers protection for oral check-ups, root canal procedures, extractions, preventive treatment, and filings. On the other hand, dental insurance usually excludes cosmetic treatments like dentures, prostheses, jaw alignment, and orthodontics.

Dental treatment can involve costly procedures. Hence it is extremely important to go through the policy wording to comprehend the exclusions of your healthcare plan. If you have a doubt and require clarification about the exclusions and limitations of your medical policy, you must reach out to your insurance provider. You can talk to the insurer’s customer care department or visit the nearest branch of the insurance provider. It would be wise to have all your queries answered before you invest in the policy.

What are the Ways to Cover Dental Treatment Costs?

You can cover dental-related treatment costs in the following ways.

• Dental Cover:

Purchase a dental insurance rider to supplement your health insurance coverage and deal with dental issues.

• Government Schemes:

The Government of India offers several schemes that provide eligible individuals with free or subsidised dental treatment.

• Payment Plans:

Many dental clinics in India offer payment plans that allow patients to pay for treatment in instalments over time. This can be a good option for those who cannot afford to pay for such treatments upfront.

• Medical Crowdfunding:

This is becoming an increasingly popular way to raise funds for medical expenses, including dental treatment. Multiple platforms in India allow individuals to create fundraising campaigns and share them on social media to raise money for dental treatment. One must bear in mind that such platforms do not cater to people looking for cosmetic enhancements.

• Dental Colleges:

Many dental colleges offer treatment at a reduced cost compared to private clinics. Dental students conduct various procedures and offer treatment under the supervision of experienced dentists. This can be a good option for those who cannot afford private dental treatment.

As a health insurance policyholder, you are familiar with the protection and peace of mind that comes with healthcare coverage. However, policyholders who maintain good health and avoid filing claims can earn an additional benefit — the No Claim Bonus. This incentive serves as a means to motivate policyholders to prioritise their health and take preventive measures to avoid illness or injury. While the No Claim Bonus is another technical term in the context of health insurance, comprehending its workings can bring significant advantages. Let’s talk about how does no claim bonus work in health insurance and how as a policyholder, you can avail of its advantages.

How Does NCB in Health Insurance Work?

To understand how NCB in health insurance works, comprehending its type is crucial.

• Cumulative bonus:

Insurers provide an additional percentage of the sum insured for every claim-free policy year. For each year you do not claim on your health insurance policy, your sum insured grows by a certain percentage up to a pre-specified limit.

For instance, let’s say your health insurance policy has a sum insured of Rs 3,00,000 and a cumulative bonus of 10%. You refrain from filing any claims on your health insurance policy during the initial year. As a result, your sum insured will increase by 10% to Rs 3,30,000 in the second year. If you still don’t make any claims in the second year, your sum insured will increase by another 10% to Rs 3,60,000 in the third year, and so on. This can be a substantial advantage, raising your coverage without any additional premium payments.

• Discount on premium:

The discount on premium NCB works as follows. Let's say your health insurance policy includes this benefit, and you don't make any claims in a policy year. In that case, the insurer will offer you a discount on the premium for the following year. This discount can progressively increase with each subsequent claim-free year, reducing the cost of your health insurance policy’s premium while incentivising you to maintain a healthy lifestyle.

Benefits of No Claim Bonus in Health Insurance

Here are some of the advantages of NCB in health insurance:

• Premium discount:

One of the primary benefits of NCB is that you may receive a discount on the premium for the following policy year. This discount can increase with every consecutive claim-free year.

• Increased coverage:

NCB may also increase your sum insured without incurring extra premiums. This increase in the sum insured can be helpful in the event of a medical crisis that necessitates a higher level of coverage.

• Guaranteed renewal:

A no-claim bonus also ensures that your policy remains valid and renewable as long as you continue making timely premium payments.

Life as a single parent is not easy, and one of the many challenges is making sure that your family’s healthcare needs are covered. Subsequently, investing in health insurance for single parents ensure that their children receive suitable and timely medical care. With the high costs of medical care, having a health insurance policy is essential not only for the children but also for the well-being of the single parent. Given that as a single parent, it is your sole responsibility to plan your and your family’s well-being, single parent health insurance plans can be one of your best bets.

In this post, we will discuss health insurance for single parents and the importance of having health insurance as a single parent.

Health Insurance Options for Single Parents

Here are some different types of health insurance for single parents in India that you can consider purchasing:

• Individual Health Insurance:

This is a basic type of health insurance plan that single parents can avail of. It provides coverage to a single parent and his/her children.

• Family Floater Health Insurance:

This is one of the best health insurance for single parents. This policy covers the entire family, including dependent children, under a single policy.

• Critical Illness Insurance:

This policy covers specific illnesses like kidney failure, heart attack, cancer, etc. The insurer gives a lump sum amount to the policyholder on the diagnosis of the illness.

• Group Health Insurance:

Some employers offer group health insurance policies to their employees. Single parents can check with their employers if they offer such policies.

• Senior Citizen Health Insurance:

This policy provides coverage to senior citizens who may be single parents and have dependent children. Single parents aged over 60 should definitely invest in a comprehensive senior citizen health insurance plan.

• Maternity Health Insurance:

Medical insurance for single moms covers expenses related to pregnancy and childbirth. It can be useful for would-be-moms who are single or women who have recently given birth. Maternity coverage is a highly beneficial health insurance for single moms.

• Personal Accident Insurance:

This policy covers accidents resulting in disability or death. Single parents who are the sole earners in the family may find this policy particularly useful.

Importance of Health Insurance for a Single Parent

As a single parent, you are the sole provider for your family, and your children’s health and well-being are your priority. Having single parent health cover is necessary for numerous reasons. With single parent health insurance plans, you and your children can access healthcare services without worrying about the cost. Regular check-ups, timely treatment, and preventive care for illnesses and injuries can help keep your family healthy.

Furthermore, medical bills can quickly add up, and without health insurance, you may have to pay them out of pocket. This can put a significant strain on your finances and make it difficult to provide for your family’s other needs. The fact that you and your children will get covered by health insurance can provide you with peace of mind. You can take care of your family’s needs without worrying about unexpected medical expenses.

Critical illnesses and accidents can happen to anyone, irrespective of a person’s health or age. This accentuates the need for health insurance for single parents. Health insurance can provide you and your children with the much-needed cushion against the financial impact of these catastrophic events.

Being a Non-Resident Indian or NRI comes with its own set of challenges, and taking care of your parents’ health when living abroad can be one of them. As your parents grow older, their medical needs may increase, and being away from them can make it difficult to ensure their well-being. This is where health insurance for NRI parents in India comes into play. It is a crucial step towards ensuring the health and financial security of your loved ones back home. 

Can NRIs Buy Health Insurance for their Parents Residing in India?

NRIs can obtain health insurance coverage for their family members residing in India, including their parents. Depending on their specific requirements, NRIs can choose from various options such as senior citizen health policies, family floater plans, and critical illness coverage. Additionally, NRIs can opt for a healthcare policy that covers both themselves and their parents in the event of medical expenses in India.

Health insurance providers typically confine their coverage to medical expenses incurred within India unless the policy specifies overseas coverage. However, travel insurance may cover medical expenses incurred overseas, but only in cases where the policyholder falls ill while on a trip. It is crucial to note that there is an exhaustive list of exclusions in travel insurance policies in terms of medical treatments.

Therefore, if an NRI residing in the United Kingdom requires medical treatment in that country, health insurance purchased from an Indian insurer will not cover the incurred expenses.

Benefits of Buying a Health Policy for NRI Parents in India

• Financial security:

Healthcare expenses can quickly add up, especially for critical illnesses or hospitalisation. With a healthcare policy, your parents can receive quality treatment without worrying about the monetary burden. The insurance policy will cover expenses related to hospitalisation, surgery, medicines, and other medical procedures, thereby providing financial security.

• Cashless treatment:

Most health policies provide cashless treatment facilities in one of the network hospitals. That means your parents can receive medical care without any upfront payment. This benefit is especially crucial in emergencies when there may not be enough time to arrange cash or insurance reimbursements.

• Coverage for pre-existing conditions:

Older adults are more likely to have pre-existing medical conditions, making it challenging to find a suitable healthcare policy. However, many insurance providers offer policies that cover pre-existing ailments following the completion of a waiting period. 

While health insurance for HIV patients in India has improved in recent years, it remains limited. Insurance providers offer some benefits, including in-hospital care, but accessing healthcare services can still be a challenge for those living with HIV. A comprehensive approach is needed to address these challenges and ensure HIV-positive patients receive the care and support necessary to maintain their health and well-being. Living with HIV can significantly impact a person’s health, weakening the immune system and leaving him/her vulnerable to illnesses. As a result, insurance companies often hesitate to provide health coverage to individuals living with HIV, which further increases the challenges they face

Does Health Insurance Cover HIV?

Disability rights groups have long recognised the need for insurance coverage for people with disabilities, including those living with HIV/AIDS. However, progress has been slow in this area, and these individuals have often faced discrimination when it comes to accessing healthcare.

Fortunately, recent developments in India have brought about a positive change. Following the Delhi High Court direction, the IRDAI has mandated private insurers create policies specifically catering to vulnerable groups, including health insurance covering HIV treatment.

This initiative aims to ensure everyone has access to appropriate and quality healthcare, regardless of their medical history and represents a significant step forward for enforcing rights in India.

Why Is Health Insurance For HIV/AIDs Patients Necessary?

In India, health insurance coverage for HIV-positive patients is generally limited, with most insurance companies refusing to issue healthcare plans. However, a few insurance providers offer benefits to HIV-positive patients, which can significantly relieve those living with the condition.

• One of the benefits available via medical insurance for HIV patients is in-hospital care, which covers all expenses related to in-patient care. This includes physician fees, nursing charges, surgery costs, and diagnostic tests. This ensures that individuals can receive comprehensive medical treatment for their condition without facing financial constraints.

• Some insurers provide pre- and post-hospital care, which covers healthcare expenses before and after hospitalisation.

• Emergency ambulance services are also available for transportation to and from the hospital, ensuring patients receive prompt medical attention in an emergency.

Some HIV positive health insurance providers offer coverage for daycare treatment, i.e., treatment at a daycare facility or hospitalisation for less than 24 hours.

What Are The Challenges Faced In Offering Health Insurance For HIV/Aids Patients?

Managers, policy-makers, physicians, and counsellors have identified several difficulties in offering Mediclaim for HIV patients. This includes challenges people living with HIV (PLHIV) face in accessing service centres.

• One of the most common issues is the long distances that PLHIV must undertake to reach the service centres, compounded by their financial difficulties. As a result, many patients need help to afford to commute to these centres.
• Limited counselling centres make it even more challenging for such patients to access specialised services and care.
• Insufficient awareness about HIV/AIDS in the community and among medical staff leads to a lack of timely referrals to services.

ICICI Lombard Health Insurance Cashless Network Hospital List in Akluj, Maharashtra

Explore ICICI Lombard’s health insurance plans :

• Family Health Insurance
• Personal Accident Insurance 
• Top Up Health Insurance
• Arogya Sanjeevani Policy
• Corona Kavach Policy
• Senior Citizen Health Insurance
• Parents Health Insurance
• Children Health Insurance

which offers people much needed financial backup during any medical emergencies.

ICICI Lombard Health Insurance Cashless Network Hospital List in Akola, Maharashtra

Explore ICICI Lombard’s health insurance plans :

• Family Health Insurance
• Personal Accident Insurance 
• Top Up Health Insurance
• Arogya Sanjeevani Policy
• Corona Kavach Policy
• Senior Citizen Health Insurance
• Parents Health Insurance
• Children Health Insurance

which offers people much needed financial backup during any medical emergencies.

ICICI Lombard Health Insurance Cashless Network Hospital List in Ahmednagar, Maharashtra

Explore ICICI Lombard’s health insurance plans:

• Family Health Insurance
• Personal Accident Insurance 
• Top Up Health Insurance
• Arogya Sanjeevani Policy
• Corona Kavach Policy
• Senior Citizen Health Insurance
• Parents Health Insurance
• Children Health Insurance

which offers people much needed financial backup during any medical emergencies.

The incidence of diabetes has been increasing globally, with gestational diabetes being a significant concern. Gestational diabetes is a particular type of diabetes that develops during pregnancy and can pose a threat to the health of both the mother and the baby. In this post, we will discuss what gestational diabetes is, its coverage under health insurance, and gestational diabetes insurance coverage in India.

What is Gestational Diabetes?

This is a condition where an expectant mother’s body cannot produce adequate insulin. Inadequate insulin makes it difficult to regulate the increased demand for blood sugar during pregnancy. This leads to elevated blood sugar levels, which can be risky to the health of both the mom-to-be and the baby. Gestational diabetes usually develops during the second or third trimester of pregnancy and can cause complications such as premature birth, preeclampsia, and an increased risk of developing type 2 diabetes. However, with proper management and treatment, most women diagnosed with gestational diabetes can have healthy pregnancies and babies.

Does Health Insurance Cover Gestational Diabetes?

Yes, health insurance policies usually cover gestational diabetes under their maternity or pregnancy-related benefits. Gestational diabetes insurance coverage may include prenatal and postnatal care, delivery expenses, and any complications that arise during pregnancy, including gestational diabetes. However, the extent of gestational diabetes insurance coverage may differ based on the healthcare policy and the insurer.

It is important to check with the insurance provider about the specific coverage for gestational diabetes before purchasing the policy. You may also not receive coverage for pre-existing conditions under some medical insurance policies, and gestational diabetes may be considered a pre-existing condition in some cases. You must understand the plan’s terms, conditions, inclusions, limitations, and exclusions to ensure that it covers gestational diabetes and meets your specific needs.

Health Insurance for Diabetes Patients in India

In India, health insurance plans for diabetes patients are available with different coverage options and features. These plans aim to provide financial protection to individuals with diabetes and help them manage their healthcare expenses.

Individual health insurance is among India's most general categories of medical insurance plans. These plans cover an individual and provide benefits such as hospitalisation expenses, doctor consultations, and diagnostic tests. The gestational diabetes insurance coverage may vary from plan to plan, and choosing one that offers adequate coverage for diabetes-related expenditures is important.

Another category of medical insurance policy available is family health insurance. These plans cover the entire family, including the policyholder’s children, spouse, and parents. Such healthcare policies provide coverage for doctor consultations, hospitalisation expenses, diagnostic tests, and medication for all family members. Family health insurance plans may also cover diabetes-related expenses, but the extent of coverage may vary depending on the policy.

Some health insurance plans cover pre-existing ailments, including diabetes. However, the premium for these plans may be higher than regular healthcare policies. Understanding the policy’s terms and conditions before purchasing it is essential.  Do remember to check whether the plan chosen by you covers pre-existing conditions.

Usually, maternity insurance plans cover gestational diabetes. Such plans cover the medical expenses related to pregnancy, childbirth, and postnatal care. These plans provide financial protection to women during pregnancy and help manage the high costs of medical care associated with pregnancy and childbirth.

These policies typically cover expenses such as prenatal and postnatal consultations, diagnostic tests, and costs related to delivery and hospitalisation. Healthcare policies may vary in terms of the extent of coverage; it is important to choose a plan that offers adequate coverage for gestational diabetes-related expenses.

In addition, some medical insurance plans also cover expenses related to diabetes management. These expenses may include doctor consultations, diagnostic investigations, medication, and medical devices like insulin pumps and pens or continuous glucose monitoring systems and glucometers. Some plans may also cover expenses related to diabetes-related complications, such as kidney disease, eye damage, and nerve damage.

In conclusion, healthcare plans in India offer coverage for diabetes patients with various coverage options and features. It is important to compare the benefits and features of different gestational diabetes insurance coverage plans before choosing one that meets your specific needs. Remember to check whether the policy matches your particular requirements and read the policy documents to thoroughly understand the terms and conditions to ensure that it covers diabetes-related expenses.

We all know that life is unpredictable, and it’s essential to remain prepared for any unexpected events that might come our way. One such event that can cause a financial and emotional burden is a medical emergency. In such cases, having health insurance is crucial. One may not be aware that there is a particular type of healthcare card that can enhance the entire process of accessing medical treatment. It is known as a cashless health card.

What is a cashless health card?

A cashless health card is a convenient and hassle-free way to receive medical treatment without worrying about expenses. It is a card issued by an insurance company that allows policyholders to get cashless treatment at network hospitals. Generally, the cashless health card comprises critical information such as the policyholder’s personal details, insurance policy number, and the insurer’s customer care team contact information.

With a health insurance card, the policyholder does not have to shell out payments upfront for medical treatment at a network hospital. In this case, the hospital does not give the bill to the policyholder but instead sends it directly to the insurance provider for payment settlement.

Cashless health card benefits

• Hassle-free access to medical treatment:

With a cashless health card, a policyholder can avail of medical treatment at any network hospital without worrying about making upfront payments. The card serves as a payment mode, and the policyholder can receive treatment without any hassle.

• Quick settlement of claims:

The settlement of claims is quick and hassle-free with a cashless health card. The policyholder does not have to worry about submitting multiple documents or waiting for reimbursement of the expenses incurred on medical treatment.

• Comprehensive coverage:

Medical insurance cards offer exhaustive financial protection for various medical expenses, including hospitalisation, surgeries, diagnostic tests, and other medical procedures.

• Peace of mind:

The cashless health card provides policyholders with a sense of security and peace of mind, knowing they will get covered in the event of a medical emergency. It offers a sense of assurance that is crucial during illness or medical emergencies.

How to get a cashless health card?

• Choose a medical plan:

The first step is to select a health insurance plan that offers a cashless health card. One can do this by researching various health insurance plans and their benefits.

• Submit documents:

After choosing a health insurance plan, the policyholder needs to submit the required documents, such as documents showing proof of age, identity, address, and medical history, to the insurance company.

• Pay premium:

The policyholder must pay the insurance premium through various online modes of payment.

• Receive health card:

Once the policy is issued, the policyholder will receive a cashless health card with the policy documents

• Activate the card:

Policyholders need to activate the card before using it. One can do this by contacting the insurance company’s customer care or following the activation process mentioned on the card.

• Use the card:

After activation, the policyholder can use the cashless health card to avail of medical services at a network hospital.

Personal accident insurance provides coverage for unexpected accidents and can offer peace of mind to those who worry about the financial consequences of an injury or death. However, not all accidents or incidents get covered under personal accident insurance. It is important to understand what contingencies are excluded from the policy to avoid any surprises in the event of an unfortunate occurrence.

Which Contingency Does Not Get Covered Under Personal Accident Insurance?

If the policyholder has a pre-existing medical issue before buying the policy, any accident related to that condition does not get covered under the plan. To get coverage for these you would need to buy a health insurance plan and go through the necessary waiting period.

If the policyholder is injured while participating in an activity that is unapproved or not covered under the policy or if he/she participates in any activity without the insurance company’s prior approval, the insurer will not provide any financial assistance.

Personal accident insurance does not cover injuries or death resulting from mental illness or emotional distress. That means if a policyholder suffers from depression, anxiety, or any other mental health condition and meets with an accident, the insurer will not provide any financial assistance.

Injuries sustained while participating in hazardous sports or activities such as bungee jumping, mountaineering, or skydiving do not get covered under personal accident insurance.

If the policyholder is involved in an incident classified as an act of war or terrorism, the insurance company will not provide any compensation for the resulting injuries or death.

Personal accident insurance does not cover any injuries that are self-inflicted, intentional, or caused by a policyholder’s negligence. This includes injuries resulting from the policyholder’s participation in illegal activities, such as drug abuse or alcoholism.

Personal accident insurance typically excludes coverage for injuries sustained while flying a private aircraft. That is because a private aircraft carries a higher risk of accidents due to the lack of safety regulations and oversight.

It is important to have clarity when it comes to understanding which contingency does not get covered under personal accident insurance. If you have any questions about your policy, be sure to contact your insurance provider for clarification and clear your doubts.

Healthcare costs are on the rise, and critical illnesses, such as cancer, paralysis, heart disease etc., are becoming increasingly common. Treating these critical illnesses requires prolonged medical intervention or involves a high cost to get quality health care or both. Such illnesses not only affect the individual but also significantly impact his/her family’s finances. Therefore, it is important to buy critical illness insurance for family members to ensure they receive adequate financial support during times of crisis.

What is Critical Illness Insurance for a Family?

Critical illness refers to a severe and life-threatening medical condition that can have a significant impact on a patient’s health, lifestyle, and finances. Examples of critical illnesses include kidney failure, heart attack, cancer, stroke, and major organ transplant.

Critical illness insurance for the family provides financial coverage to the policyholder and his/her family against critical illnesses covered by the policy. This type of insurance pays a lump sum amount to the policyholder and the person’s family upon diagnosis, which one can use for medical expenses, loss of income, or any other expenditures that may arise due to the critical illness. It provides financial stability during a difficult time, allowing the person to focus on recovery without worrying about the economic burden of the illness.

What are the Benefits of Critical Illness Insurance for Family?

Some significant advantages of critical illness insurance for the family are listed below.

• Financial Security: Critical illness insurance provides financial security to the policyholder and the person’s family during medical emergencies resulting from such ailments. The policyholder can use the lump sum amount paid by the insurer to cover loss of income, medical expenses, or any other expenditures associated with the treatment.
• Coverage for Multiple Illnesses: Policies offering critical illness insurance provide coverage for a range of critical illnesses, such as stroke, cancer, kidney failure, and heart disease. The policyholder can choose a policy that covers the specific illnesses that he/she might have the risk of developing.
• Tax Benefits: Under the ITA or Income Tax Act, the premium you pay towards critical illness insurance becomes eligible for tax deductions.
• No Claim Bonus: If the policyholder refrains from making any claim during the policy period, he or she can receive a no-claim bonus. The insurer can offer this in the form of a higher sum insured or a reduced premium.
• Peace of Mind: Having critical illness insurance provides policyholders and their families peace of mind, knowing they will receive coverage financially in case of a critical illness.
• Quick Disbursal of Funds: Critical illness insurance pays a lump sum upfront to a policyholder, which the person can utilise for any expenses related to the illness.

How to Choose the Best Critical Illness Insurance for Family?

While choosing a critical illness cover for the family, consider the following factors:

• Coverage: Choose a policy that covers the maximum number of critical illnesses and provides comprehensive coverage.
• Sum Insured: Buy critical illness insurance that offers an adequate sum insured to cover the medical expenses and other costs for the patient’s treatment.
• Premium: Compare the premium of different policies and go for one that extends the best coverage but at a reasonable premium.
• Waiting Period: Check the policy’s waiting period; pick one with a lesser waiting period.
• Claim Settlement Ratio: Check the company’s claim settlement ratio before investing in the policy. A higher claim settlement ratio shows the company is reliable and efficient in settling claims.
• Exclusions: Carefully read the policy documents to understand the exclusions and limitations. Choose a policy that has fewer exclusions and provides comprehensive coverage.
• Network Hospitals: Check the insurance provider’s list of network hospitals. Select a policy that covers a vast network of hospitals.

How to Buy a Critical Illness Plan Online?

Follow the simple steps mentioned below to buy a critical illness plan online.

• Research: Explore different insurance companies and their critical illness policies online.
• Compare: Make a comparison in terms of the coverage, premium, waiting period, and claim settlement ratio of different policies offered by various insurers.
• Choose: Opt for a policy that provides comprehensive coverage at a reasonably priced premium.
• Fill Application: Filling out the application form with accurate details and providing all the required documents is necessary.
• Make Payment: Pay the premium online using Internet banking or your debit/credit card.

Critical illness cover for the family can provide peace of mind and financial support during a medical crisis. It is a valuable investment for those looking to safeguard their family members from unforeseen financial troubles.

Cancer insurance coverage is a safety net that provides financial protection and support to those affected by the unpredictable and often expensive cancer treatment.

When a person is diagnosed with cancer, their world turns upside down. The physical and psychological toll can be overwhelming, and the last thing they need is to worry about the financial implications of cancer treatment. Cancer treatment insurance coverage can help alleviate this burden by providing coverage for medical and related expenses. With this coverage, patients can focus on their health and well-being during the cancer treatment journey without worrying about the associated costs. In this post, let’s discuss the advantages of cancer treatment insurance coverage and how it can be a valuable asset for anyone dealing with this challenging disease.

What is Cancer Insurance Coverage?

Cancer insurance coverage assures policyholders that they will not have to bear the financial burden of treatment alone, allowing them to focus on their health and well-being.

Suppose, Mr X, a 30-year-old family man, buys this medical coverage with Rs 15,00,000 sum insured. The policy period is 20 years. When X reaches the age of 40, he develops a cancerous tumour which is in its initial stage. Since he has insurance coverage, he will receive the sum insured amount as per the percentage specified in his policy. But at this point, the coverage amount reduces.

After the passage of a few years, the tumour reaches an acute stage, prompting the insurer to disburse the remaining sum insured, and the coverage ends. Notably, the payout from the policy is contingent upon the stage of cancer identified.

What Does Cancer Insurance cover?

Typically, cancer insurance covers the following:

• Overall comprehensive coverage
• Regular checkups
• Pre-hospitalisation charges
• Post-hospitalistion charges

While knowing about the coverage of a cancer policy, you should also understand what it doesn’t cover. Here are the details of what the policy doesn’t cover:

• Pre-existing ailments related to cancer
• Cancers due to sexually-transmitted diseases like AIDS, HIV
• Cancers that may have progressed due to congenital diseases
• Cancers that progress from overuse of drugs or alcohol
• Cancers that progress from different sources of pollution (chemical, biological sources, etc.)

Benefits of Cancer Treatment Insurance Coverage

Cancer treatment insurance coverage can be highly beneficial. It can cover the cost of medical treatment and related expenses. 

Here are the benefits of the coverage:

• Top-quality care: By investing in cancer treatment insurance, individuals can secure access to high-quality medical services, including cutting-edge technologies and top-notch medical practitioners.

• Reduced financial burden: Seeking insurance coverage for cancer treatment can be a strategic move as it can help alleviate the financial stress that accompanies medical care. Such coverage can mitigate or even eliminate the expenses that arise from cancer treatment, reducing the out-of-pocket burden on patients and their families.

• Coverage for all stages of cancer: Cancer treatment insurance can offer comprehensive coverage, spanning from the initial diagnosis to the follow-up care. With this coverage, policyholders can receive a lump sum payout allocated to different stages of cancer treatment, with a portion dedicated to the early-stage treatment and the remainder available for advanced-stage care.

• Flexibility: Having insurance coverage can offer the freedom to select the optimal treatment approach that aligns with individual requirements and personal preferences.

• Home care: With cancer treatment insurance, policyholders may be eligible for coverage of expenses related to in-home care, including services provided by nursing or personal care professionals.

• Coverage for transportation: Frequent visits to the doctor are often necessary during cancer treatment, which can result in significant expenses. If you have insurance coverage, it usually covers the transportation costs that arise from your cancer treatment.

• Dealing with mental health: The emotional impact of cancer can be challenging to manage. However, with cancer treatment insurance, one may obtain coverage for mental health services with lump sum payouts, such as counselling or therapy, to support their well-being during treatment.

Conclusion

A critical illness like cancer can cause a huge setback physically, emotionally, and financially. Having proper health insurance coverage can relieve a lot of burden. Hence, when choosing a cancer coverage policy, you should check the coverage in detail, including the inclusions and exclusions. Getting a good cancer treatment insurance policy is a great investment which will benefit you in distressing times.

Also Read:

• Insurance Plan With Cancer Coverage
• Cancer Health Insurance Policy
• What is the Waiting Period for Cancer Insurance?
• Critical Illnesses & Treatment Costs in India