Newest Questions
Tax Implications of Receiving a Health Insurance Payout in India
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The rising medical costs in India make health insurance an essential financial protection for individuals. Policyholders use claim payments and treatment reimbursements for their medical expenses, but they have a common concern: are the amounts really taxable?
The Income Tax Act...
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What is Usage-Based Health Insurance?
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Usage-based health insurance is a personalised insurance model where your premium is influenced by how you manage your health, rather than being a fixed, one-size-fits-all cost. It builds on the broader idea of usage-based insurance - where pricing adapts to...
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Role of KYC in Health Insurance
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Know Your Customer (KYC) is a mandatory process when availing health insurance. It requires verifying a policyholder's photo identity and address to prevent identity misuse, ensure regulatory compliance, and facilitate hassle-free claim settlements.
The Insurance Regulatory and Development Authority of India...
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Which Insurance Covers Heart Disease from Day One?
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There is no such health insurance policy that can cover heart disease from day one, since it is categorised as a pre-existing condition. You need to wait for at least 30 days or a maximum of 4 years to make...
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What is the Waiting Period for an Existing Disease in Health Insurance?
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Buying health insurance is the best thing you can do to secure your savings from the financial burden of unexpected medical emergencies.
However, if the policyholder already has certain diseases, such as diabetes, hypertension, and asthma, before purchasing a policy, there...
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What is the Moratorium Period and How Does it Affect My Policy?
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The moratorium period, or look-back period, is the period after which insurers generally cannot deny claims for pre-existing diseases, such as diabetes, unless there is evidence of intentional misrepresentation or the condition falls under a permanent exclusion.
As for the duration...
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What is the Difference Between Copay and Coinsurance?
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Health insurance plans are designed to help cover medical costs, but they don’t pay for everything. When you visit a doctor, buy medicines, or get tests done, you may still need to pay part of the bill yourself. Two common...
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What is the Importance of Digital Literacy in Insurance?
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In the insurance field, digital literacy is the process by which an insured person searches, evaluates, and manages his health insurance information through digital media. For the people of India, regardless of whether they are youths or elderly citizens, digital literacy...
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Why Should I Buy Health Insurance Online Instead of Offline?
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If buying health insurance is on your checklist, you may be confused between online and offline methods. Although both of these options have some specific advantages, online processes are often more sufficient due to increased flexibility, transparency, and cost-effectiveness.
In fact,...
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How does Predictive Analytics Work in Health Insurance?
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Predictive analytics in health insurance works by analysing large volumes of historical health and claims data to forecast future risks, costs, and patient outcomes. Insurers collect data from sources such as electronic health records, claims histories, and healthcare systems, then...
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