health insurance

The increase in unhealthy lifestyle & cost of medical care has made health insurance an absolute necessity in today’s time. This has led more and more individuals to buy health insurance. However, most individuals want an affordable premium but also want the highest possible sum assured. Of course, the basic structure of insurance does not allow buyers to buy health insurance with high sum assured unless they are willing to pay higher premium amount. There is a solution to this problem – it is known as cumulative bonus. In this article we discuss cumulative bonus and the best way to avail it:               ·         Cumulative bonus in a health insurance policy is the reward provided by the insurance company. This reward is provided at the time of renewal in form of increase in the sum assured or decrease in the premium amount. The extent of this reward differs from one insura...

Many corporates nowadays provide their employees with a health insurance policy. These policies are bought as group insurance policies with the same coverage provided to each and every employee. Many people think of this insurance as enough to provide them protection in case of any emergency. However, that is not the case. There can be situations where the corporate health insurance policy may prove inadequate to meet your requirements. This is why it is important to buy another policy apart from the corporate health insurance policy. In this article, we look at some of the reasons why you should buy a separate health insurance policy from your corporate health insurance:   ·         Inadequate policy: The most obvious drawback of trusting one’s corporate health insurance blindly is that it is not customized for every employee. The employee accepts a generalized health plan that may not account for some of the diseases he/she may be...