Star Health Forum

The primary difference between individual and group health insurance lies in their scope and ownership. Individual health insurance is a personal health policy purchased by individuals to cover their healthcare costs, offering flexibility in benefits, scope of customisation, and long-term...

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...

In health insurance, the proposer is the person who applies for the policy. This person fills out the form, gives all the needed details, and agrees to the insurance company’s rules. Usually, the proposer is also the one who owns...

Premium loading in health insurance refers to the extra charge levied on people with risk factors such as pre-existing conditions, unhealthy lifestyles, or unfavourable medical histories.

It covers the expenses incurred by an insured individual who is prone to medical emergencies,...

PPN stands for Preferred Provider Network. It is a special group of hospitals selected by health insurance companies where certain treatments have standardized and pre-fixed rates. This means the cost of surgeries or medical procedures is already decided between the...

An optional safeguard, also called an add-on or rider, is an extra feature you can buy along with your main health insurance plan. These are not included by default, but you can add them by paying a little extra. This...

Open enrolment is a set time every year when you can buy a new health insurance policy, renew your current one, or make changes to your coverage. You do not need any special reason to do this during open enrolment....

A National Health Policy is a plan made by the government to make sure everyone in the country gets good healthcare. It sets out what is most important for the nation’s health, what goals to reach, and how to organise...

ICR, or Incurred Claim Ratio, simply tells you how much of the money collected by the insurance company as premiums is actually being paid out for claims.

This is always shown as a percentage.

How does it work?

The formula is very simple:

ICR...

In health insurance, lifetime renewability is a feature that helps you renew your policy annually up to your entire lifetime, with no age restrictions. In simple terms, your insurer cannot deny you the opportunity to have your health insurance renewed...