Monthly Archives: June 2016

Top 5 health insurance plans in India that will smash in 2016

We have stepped into the year 2016 with a bunch of new resolutions. Keeping the ever-rising medical costs in mind, one of your many resolutions ought to be safeguarding health of your family members and yourself. To acquire a financial protection from medical expenses you need to avail health insurance plan online. But, how will you understand which type of medical insurance cover is ideal for you and which medical insurance plans will meet your needs perfectly? To ease your quest to find the best health insurance plan in 2016 in India we have come up with a list of 5 best health insurance policies in all categories.

Find the right type of medical insurance plans that serves you best

The very first thing you need to do is understand what type of health insurance plan you need. Health covers can be classified in four categories. A health insurance provider in India offers the following type of health covers.

Individual health insurance plan: The individual mediclaim policy covers only the policyholder. The insured person is the only one to enjoy the benefits of the coverage on offer by the individual medical insurance plan.

Family floater health insurance plan: A family health plan provides coverage to multiple members of one family. You can pay just one premium for a specific sum assured in a year and protect the health of your whole family.

Senior citizen health insurance policy: Senior citizen health insurance plans are essential for those who have already retired and live on savings and pension. Any medical emergency can make a dent on their savings. So, a comprehensive senior citizen mediclaim insurance policy is a must for them.

Critical illness health insurance policy: Critical illness insurance cover protects you against severe illnesses like cancer, stroke. The policy covers massive medical costs and also provides lump sum compensation.

You have to choose any one the above-mentioned categories. Regardless of which type of health insurance plan you opt for here is a list of top health insurance policies from all categories. Let’s start with individual medical insurance policies.

Individual Health Insurance Plan:

If you think an individual health plan will serve your purpose best, you can select any health cover from the table below. The table reflects best individual health insurance policies in India in terms of premium and incurred claim ratio. The premiums are for a 35 year old person who wants coverage of Rs. 5 lacs sum insured. And, incurred claim ratio is the ratio of claims incurred by insurance company to the premiums earned by insurance company.


In essence, when it comes to protecting your and your family’s health you can avail any of the above-mentioned health insurance plans online for complete protection and peace of mind.

In this blog, I have discussed the best Mediclaim insurance online plans that fared well in 2015 and are expected to rock the year of 2016 as well. The compilation of the best health insurance plans in India will hopefully serve you as a useful guide so that you can select a good health insurance company and choose the best health insurance plans in India.

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Health Insurance Companies: Top 10 Companies

medical insurance1

Health Insurance Companies: Living without Health Insurance is a steady stretch and stress. Not just arrives a pestering risk of something genuine event – where a week in the doctor’s facility can cost as much the same number of make in a whole year – however, even the expense of basic specialist’s visits and solutions can purge your wallet quicker than you can fill it. It’s excessively extravagant; excessively complex; excessively elite.

Top 10 Health Insurance Companies

Main top 10 rundown incorporates Health Insurance Companies that offer scope in the United States. Try not to concur with the rundown? Vote in favor of a current thing you think ought to be positioned higher or on the off chance that you are a signed in, includes another thing for others to vote on or make your own particular variant of this rundown. With the significance of health protection comes the need to pick the best health insurance agency for your needs. To help you settle on the right choice, we’ve welcomed criticism from other people who have involvement with the health insurance agencies you need to look over.

E Health

eHealth is an online commercial center helping purchasers, in each of the 50 states and Washington, D.C., discover health protection. It lives up to expectations with more than 180 health insurance agencies and gives more than 10,000 items.

Health Plans America Surveys

Health Plans of America is a useful asset for those hoping to buy health protection. Notwithstanding their quest element of discovering an arrangement, the organization additionally prompts on picking the right arrangement.

United Healthcare has a system of specialists and offices that give health protection to people and superintendents. They are an in-system just organization, which implies clients must utilize suppliers that are secured under their arrangement.

Humana Health Insurance Surveys

Humana is a revenue driven health insurance agency that works with numerous sorts of shoppers. The Louisville, Kentucky-based organization serves families, seniors, military individuals and independently employed people.

Aetna Health Insurance Surveys

Aetna is a huge health insurance agency established in 1853 in Hartford, Connecticut. The people like, superintendents, social insurance experts and different clients with human services and therapeutic administrations.

Kaiser Permanente Insurance Surveys

Kaiser Permanente is a group of more than 17,000 doctors. They work with more than 9 million clients and can alter treatment choices that permit clients to pick specialists in view of their particular history and bios.

Cigna Health Insurance Surveys

Cigna is an insurance agency that works with 35,000 representatives to give social insurance items and administrations to more than 75 million clients. They exist in 30 nations and have been working with patients for more than 200 years.

What Elements Matter Most About Health Insurance Companies?


Deductibles are sums shoppers must pay out of pocket. The higher the deductible, bring down the human services premium.

o Higher deductibles on cataclysmic health protection: Some health protection highlights high deductibles so shoppers pay for routine visits out of pocket.

o Non-complete deductibles: Routine visits don’t number towards these deductibles, so shoppers dependably pay for them out of pocket.

o Cumulative deductibles: Consumers who have more than one relative on their strategy can utilize every secured part’s human services visits to decrease total deductibles.

Home Medicinal Services Administrations Scope

Health protection may take care of the expense of home medical services, administrations for individuals who oblige them.

o Full-time helper: If a patient needs a full-time medicinal services specialist to help him or her with fundamental self-mind, the associates’ pay may be secured by health protection.

o Visiting medical attendant: Some protection arrangements take care of the expense of a medical caretaker weighing in with a patient at home on an every day or week after week premise.


12 Points to Remember Before Buying Medical Insurance

health insurance

Choosing the correct health insurance plan is an important decision for all of us. Not only is health a true wealth, it gives a sense of security and peace of mind for both you and your family. It always assures us of the best chance to get well, just in case something goes wrong.

Most people buy Medical insurance with the only objective to save tax. They, sadly, fail to understand the importance behind buying a comprehensive health insurance plan. In India, over 80% of all financial crises emerge from medical emergencies that can severely dent a person’s monetary health. A medical emergency not only requires huge funds for treatment, but it may also affect a person’s ability to earn his/her livelihood. So it’s often double damaging. Imagine losing a close family member because you couldn’t afford the best treatment. Health insurance, thus, has become a necessity today.

With healthcare costs increasing every day, getting health insurance early in life has become important. As you age, you may get issues like high blood pressure, or diabetes that will reduce your chances of getting an insurance cover. The cost would also go up. It’s better to pay a small price each year and get peace of mind.

But selecting a Medical insurance policy is never easy. Things have somewhat improved after the Insurance Regulatory and Development Authority (IRDA) issued guidelines to bring uniformity in the basic healthcare policies. Several companies, as a result, have reintroduced their basic schemes. The new products have a higher age of entry of up to 65 years, a bigger list of exclusions, and lifelong renewability. It’s now easy to select a simple healthcare policy. But at the same time, insurers have come up with more complex products.

So how do you know which healthcare policy will serve you best? Consider the following points while buying one:

Start early

As already said, the first thing on your list of tasks after landing a job would be to buy a health insurance, not a car. The earlier you start, the better for you because as you grow older you are likely to become less insurable. Some of the benefits that I see while buying a health insurance at an early age are as follows:

  • No medical checkups.
  • Lower chances of rejection for buying a health insurance plan.
  • Coverage for all diseases.
  • Hassle-free policy renewal.

Sum assured

In simple terms, sum assured is the maximum amount you get as coverage in a policy year. It’s the basis of all your claims. Before you select your sum assured, consider the rising costs of hospitalisation and treatment. It’s better to go for a higher cover, but at the same time it shouldn’t be so high that you have to go out of your way to pay the premium. For instance, an insurer assumes that hospital bed cost for a day would be 1% of the sum assured. So if the sum assured is Rs. 1 lakh, hospitalisation cost would be Rs. 1,000 per day. Now if you are hospitalised for five days and the hospital charges more than Rs. 1,000 per day, you have to pay the difference amount.

Co-pay and sub-limits

Insurance companies have introduced co-pay and sub-limits to prevent hospitals billing them unreasonable room rents. In co-pay policies, you have to pay part of the expenses, regardless of the sum insured. For instance, if there’s 10% co-pay in a policy, the insurer will pay 90% of the expenses while you have to bear the balance. Besides, many treatments are capped by insurers to reduce hospital claims. The system is called sub-limits. Choose a policy with fewer sub-limits. Many general insurance companies have no capping on the room rent. Ideally, select a plan which has no co-payment or sub-limits.

Co-Payment Co-Payment

Sub-Limits Sub-Limits

Comprehensive cover

Even if your employer provides health insurance under a group insurance plan, you should still have your own plan that covers the full family. If your employee gives the option to transfer the policy when you leave your job, you shouldn’t ideally consider having a separate policy. Comparing the various policies across companies is also important.

Critical illness

Most comprehensive healthcare policies cover critical illness. It’s not required to go for another policy. It’s better to opt for a comprehensive plan and then top up with accidental insurance which doesn’t cost much. These two would be enough for most of the issues. If your family has a history of a certain disease, like blood sugar or thyroid, you should ideally go for a separate critical illness cover. But there’s no need for families that have not suffered from a genetically passed disease, to buy a critical illness healthcare plan.

Family Floater

It’s always better to invest in a single plan which takes care of your family members including you, such as the Family Floater instead of taking the separate plans for each of the family member as the premium for multiple policies will be higher than the premium for a single policy. Also, In Family Floater the full coverage, if required, can be utilised by a single member of the family.

For instance: There are four members in your family and you buy a non-floater policy of Rs.1 lakh each, you have to pay four different premiums for all the four policies and the sum of these premiums will be higher than the premium of a single Family Floater plan. Also, the claim amount available will be Rs. 1 lakh only for each of those 4 individual policies. On the other hand, if you buy a single Family Floater plan of Rs. 4 lakh, any member can claim whatever amount that went for hospitalisation, within the Rs. 4 lakh limit.

Restore benefit

This feature will allow you to reinstate the basic sum assured, in case you have already exhausted the sum assured and the multiplier benefit within the policy year. But market experts say that the benefit is unavailable on the same illness where the limit has been already exhausted.

However, restoration is beneficial in case of Family Floater plan where the entire sum assured gets exhausted in the ailment of one of the family member and the rest of the family members remain uncovered for the remaining part of the year. In such cases, rest of the family members may get covered for some other ailments than the one for which the treatment has already been done.


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Seven Secrets to Choose the Best Health Insurance In India

health-insuranceMedical costs and the complexity of diseases keep increasing by the day. A minor surgery can cost you anywhere between Rs 30,000 and Rs 60,000, while a cardiac treatment can cost you Rs 5 lakh, depending on the city and hospital you choose. One way to handle this rising cost is by taking a medical insurance policy in your name. In India, there are more than 25 companies offering various medical insurance policies. However, most of these policies are complex in nature and one plan never fits all. Hence, it is very important to note that you have to understand your individual needs in order to choose the right insurance plan. Here are a few points that will help you do this.

  1. Company – There are 28 general insurance companies in India that offer Best Health Insurance In India . It is very important to know the company’s background, management, network of hospitals, claim process (in-house or third party) and claim settlement ratio before choosing the right plan. It is best to choose a general insurance company for your health insurance, rather than a company that offers life and general insurance. This is because the cost for health insurance policies is higher when life insurance companies offer them.

Tip 1: For your health insurance policy, choose a Best Health Insurance In India company that is purely into the health insurance arena.

  1. Inclusions and Exclusions – It is very important to note that pre-existing diseases are not covered during the initial years of the policy. Also, there are a few medical procedures like dental surgery, hernia, etc. which are excluded in the first few years.

Tip 2: Take a close look at the list of excluded diseases before finalizing your health insurance plan.

  1. Sublimit – To tackle the rise in health care costs, insurance companies have introduced sublimit clauses. The most common sublimit is room rent, doctor’s fees and diagnostics. For example, if you are taking a plan for a sum assured of Rs 2, 00,000, the insurer may cap the room rent to the extent of 1%-1.5% of the sum assured, or Rs 2,000 per day, whichever is higher. If it exceeds the specified limit, then you have to pay the balance.

Tip 3: While most companies have sublimit in their policy, do talk to your insurance advisor to find out which companies offer health insurance plans without any sublimit.

  1. Co-payment – Co-payment means the fixed percentage of the total bill which you have to pay in case of a claim. This percentage is already defined in the policy document. The co-payment clause is around 10% or 20% for such policies. For some policies, it can go as high as 40%.

Tip 4: Identify those diseases that come under the co-payment clause before you opt for a health insurance policy.

  1. Renewal age – Most PSU companies and certain public insurance companies provide medical insurance policies with a renewal age of up to 70 or 80 years. It is to be noted that diseases may increase with old age and so, medical costs may be higher. Hence, it is important to have medical insurance at an older age.

Tip 5: Few companies offer senior citizen policies with lifetime renewal, for which the entry age itself is 60 years. For non-senior citizens, it is advisable to look at a policy that offers lifetime renewal to you.

  1. Coverage – If you are unmarried, it is better to take an individual policy. Health insurance policies offer a provision to add new family members at a later stage. If you are married with kids, then it is best to opt for a family floater policy that will cover you, your spouse and your kids. It is ideal to have a separate senior citizen policy for your parents, if they have crossed 60 years of age. This is because the cost of a family floater would be decided on the basis of the highest age of the person in the family and hence, taking such a policy with a senior citizen in it would skyrocket your cost.

If you are living in Tier-1 cities, it is ideal to have coverage of not less than Rs 10 lakh as a family floater, while if it is Tier-2 cities, you can have coverage of not less than Rs 5 lakh.

Tip 6: No claim bonuses will be offered by insurance companies in two different ways. Few of them will offer it to increase the sum assured every year, while few companies offer it as a discount in premium. Choose the one which increases the coverage instead of the discount in premium as the cost of medication increases on a yearly basis.

  1. Cost – Ideally, the cost of the policy should be given least importance while buying medical insurance. If the policy provides you all the benefits and if the cost is a little higher, it is ideal to look at the cost benefit analysis and to take the same as it is worthwhile to pay the cost for the benefit you get.

Tip 7: Don’t compromise on service standards even if you pay extra premium for the same.

To conclude, save, invest, or do whatever you want — but remember that there can be no dispute over the need for health insurance. It offsets the impact of rising healthcare costs and gives you coverage when you most need it.

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Health Insurance Reviews – How they rise, as you grow older?


health-insuranceimgLet’s face it. Most of us are “deal hunters”. We want the maximum “juice” from a product/service in the minimum price. No wonder the big branded stores, in that flashy mall are full with the so called “end-of-season dhamaka sale”

OK. Agree, buying a short term product (like clothing, accessories, electronics), in an off-season sale can help you save huge money, but what about buying a long term product or service?

Buying a long term paying product or service based on short term costs and benefits can be one big blunder. A blunder, you may not even realize till it is too late to migrate from the product.

Let’s look at Health Insurance. Health Insurance is a complex long term product, where both premium and benefits rise, renewal after renewal. While health insurance premium increases on a change of age bracket, you cross over the waiting periods or time bound exclusions in your mediclaim policy for specified illness and pre-existing illnesses, making for a wider health insurance cover.

Health Insurance products in India are under a free price market. Prices are not governed by any government or quasi government body. Health Insurance companies price their products based on the design and construct of the policy, and their internal pricing guidelines/philosophy. The same product with the same features could be priced differentially by two Health Insurance Companies. Moreover the pricing methods could be different as the customer’s age progresses.

As recommended in our earlier blog posts on Health Insurance Reviews, we therefore always recommend that you look at future premiums of your selected health insurance policy, besides comparing current year premiums. This gives you a flavour of the price increase you can expect in the future.

Health Insurance Premiums –  How they increase?

We have attempted at making this exercise easy for you. We plotted the current premium of top health insurance products on a graph,  and here’s what came out.

Premium below is for a Rs. five lakhs family floater for Self + Spouse + 2 Kids, 35 years of age, living in Mumbai.

Notes to the chart:

•             In case where health insurance plans convert into individual plans at older ages (Oriental & Star) we have taken a Rs. 3 Lakhs Individual cover plan for each member till 75 years of age.

•             All Premiums above, are inclusive of service tax.

What do you make out of this trend?

We observe the intensity of change of premium is not the same for all health insurance policies. We noticed that some health policies had very steep premium rise, post 45 years. If you look deeper, it seems that the premium rise was drastic for all the mediclaim policies that have no limits, lower restrictions vis-à-vis mediclaim policies that had limits (room rent limits, surgery limits) and more restrictions.

Are you surprised by the drastic premium rise? You shouldn’t.

Health Insurance Reviews, by design, is a community fund, where the healthy pay for claims of the sick, through premium. If the claims made are even slightly extravagant and unreasonable, in terms of choice of hospitals, choice of rooms, by the community members, just because the policy is “no limits”, it is but natural that the premiums, in turn, would be unreasonable. Frequent jack-up of premiums, could be the price you pay for a “no limits” product. On the other hand, when you buy a policy which has so short term restrictions or limits on expenses, you take a call that you would take care of such deductions from your own pocket.

What should you do?

You should either be prepared to pay for a premium product you have purchased, or you should settle for a balanced product, one which requires you, (rather forces you) to be prudent in your hospital expenditure, your selection of hospital, room etc.

Here’s what I recommend:

•             Do not buy your health insurance policy only based on comparison of the current features and premiums, ensure you look at how the health insurance premiums rise in the older ages.You now need to take a call between a top-end product with super benefits but coupled with steep rise in premium in old ages, or settle with a health insurance policy with basic core benefits, some restrictions on claims, but with more stable rise in premiums.

•             If you are already holding a health insurance policy, and find the premium unaffordable, with the above calculation, explore the possibility of using health insurance portability to port the policy into a more balanced plan.

•             If you aren’t able to port your policy, due to old age, or a past claim, do not get upset, and discontinue your policy, as even at the price you pay, you will definitely be better off than being without a health insurance cover, facing all the healthcare expenditure of your old age, on your own savings.

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Look for the best health cover for family welfare

personal accident insurance

Health policy is an effective way for people to plan for their uncertain medical expenses. It has many benefits for the individuals and family provided you choose the right health insurance policy for them. However, the industry expansion is so vast in past decade that there are around hundreds of health policies being introduced in market by various insurance providers. It is often a dilemma to choose the best health insurance in India for ourselves and family.

Often people think the one which is cheap is the best but it is not this way. Your best policy will be the one that is optimum for your needs and covers you adequately. Getting adequate and right health policy to cover accidental, critical illnesses or other ailments has gained importance amongst people now.

Here are some points you ought to consider in your quest for the best health insurance in India.


No amount of financial back up is sufficient when it comes to health or critical illnesses of our family. But practically speaking you have to come to some consensus to choose suitable amount which depends upon your income source and family requirements hand-in-hand. Always choose premium well within the income source else if you cannot pay in future the policy might lapse.


It is important  you review all the benefits of your health insurance policies such as floater plan, cashless claims, hospitalization, room rent limits, critical cover, medical subsidiaries etc. being covered in your plan well.

Compare policies

Comparison of policies often helps you discover the best health insurance in India for you. Since there are many insurance companies offering a health plan, it is a good idea to do a little homework before selecting the health policy. For this, compare health plans across insurance companies. Internet is the based medium for this. Many health insurance companies have online presence and most companies make their websites really interactive and friendly for visitors seeking online quotes or even basic plan features.

Cashless Claim

Often Cashless claim proves to be the best feature in health plans. Majority of policy holder prefer this option. With a cashless policy, you don’t have to pay single penny if admitted to hospital in case of medical emergencies. The hospital gets the go-ahead from the insurance company for the operation and related procedures upto a maximum of the sum assured of the health insurance policy. Beyond this it’s your dignity in front of family members and a friend which stays intact as you don’t rely on them or borrower money from brokers for getting cured well.


Also, take policies that are renewable till your life time. Else, it will prove very costly for you to pay premiums at higher age also waiting period is more and some disease might also be not covered which are bound to happen during ageing days.

The best health insurance in India is the one that fulfills individual needs at optimum costs with maximum benefits. It should incorporate following characteristics:

  • Designed for health needs of majority of people such as family floaters
  • Purchased at optimum costs
  • Cashless hospitalization should be offered in a wide network of hospitals
  • Higher sub-limits in case of coverage offered
  • It is should be good insurance provider with well reputation in customer service and hassle free claim
  • Claim process should be easy and simple


Insurance – How can you enjoy benefits of top-up in medical plans?

“Health is Wealth” is what we have learnt right from our schooling days. Every day millions of people try to maintain their good health, do work outs, eat healthy nutrients food and follow various diet regimes to stay fit & healthy. But the point is in order to preserve your wealth from the rainy days of ailments you need to shelter it. And the best possible way to do this is by taking a suitable medical insurance that will help you lead a happy and healthy life. Regardless of treatment expenses, everyone has a right to avail the quality healthcare, for which medical insurance plan comes into scenario.

While preserving your wealth is one reason to buy medical policies, another would be number of diseases and high treatment expenses associated with it that has stirred human mind to look for a good medical insurance cover. Many times financial issue in treatment compels people to go for a poor quality of healthcare. In India, there are several new health insurance companies entering into market with innovative and customized products and services. Team of experts in every company work in tandem with a vision to provide innovative healthcare solutions for their customers. They are devised looking into the needs of every section of society.

Medical insurance policies come along with add-ons that aid your medical health plans in many ways. Among various new add-ons people find top-up Medical insurance plans are gaining fame for their usability at low cost premiums. With rising medical expenses even your sufficient medical insurance plan doesn’t support you some times. Then this top-up medical insurance policy covers you from excess medical charges that incurs on your hospitalization. Top-Up Medical insurance policy comes with a threshold limit as deductibles which differ from insurer to insurer. You will have an option to finalize the limit for this top-up medical insurance plan. If you want to claim your medical policy the first half of the amount which is equal to your deductibles is to be paid by you and the remaining half will be paid by your insurance company. Although buying top-up medical insurance is not a serious issue but it’s better to have few checks before buying the plan.


Here is the list of few checks while buying top-up medical insurance plan:


Premiums on such policies are decided on the amount of sum assured you have registered and the sum of deductibles you can bear on your policy. The lower the deductibles the higher your premiums will be. So, you are advised if you could shed some more amounts from your pocket it could reduce your premiums.


You can decide on the amount to deduct from your sum assured. Your insurer will have a certain amount of maximum and minimum limit on your deductibles. Make sure your insurer will pay your deductibles in case of any emergency.

Proposal Forms

You need to provide most of your personal details, which includes your age, occupation number of dependents, etc. your medical insurance provider stores these details for further reference.


Your top-up medical insurance plan coverage comes with exclusions where your claim will be rejected if not adhered by the policy terms & conditions. Make sure to check your policy exclusions before signing up the policy to avoid any further problems.

Age and Medical tests

Checking up for your medical condition is mandatory before buying medical insurance plan. Your health policy premiums are very much decided on your medical conditions. On a whole, top-up medical insurance plans helps to rescue you when you’re in need. Their coverage plans and added benefits will allow you to use it till optimization.

Health Insurance – A health policy gift for our beloved parents

Parents build a shield of protection around you when you’re young. They put all their hard work, heart and soul to nourish us and get the best possible amenities and lifestyle. Once we grow up and become successful in life it becomes our duty to take care of parents. Parents won’t demand much life but what they particular face during old age is the health issues which is a major concern. The best gift that you can ever gift your parents would be a health insurance plan purchase that will not only help them live stress free but also with pride in the society for the way you have been taking care of them.

Good health is like blessing for every human being. It is the only tool that paves way for happy life because healthy body nourishes healthy mind. An individual gets freedom to concentrate on various other aspects of life if he or she is free from any sort of health issues. However, no matter how health conscious they remain an old age person will be prone to health related issues. If not any major issues a mere low or high BP, pain in joints, week eyesight etc. will be common problems that they will face during this age. Therefore it becomes imperative for old age people to get themselves covered under the canopy of health insurance.

Health Insurance

Many insurance companies have come up with various customized plans keeping in mind the ailing age of parents to help them live a stress free life. Such health insurance plan for parents is the provision to take care of this need. Under the shelter of insurance policy, your parents will dwell around with quality treatment even during the later years of life.

While buying health policy for parents just remember that it is not always the planned treatment that cause healthcare expenses but that can even happen due to unanticipated reasons. Unexpected incidents can generate the need of healthcare. Also there are chances of emergency cases that call for immediate action. So as to recover from illness or to curb its way from turning into a critical one, there is a need to take appropriate measures before time slips out of hand.

Today, medical policies are the best tools that can assure a helping hand while facing health related challenges. It gives financial coverage that unburdens the insured from the burden of healthcare expenses. This gives a huge mental relief allowing the individual to concentrate on healthcare needs that being occupied in the thoughts of treatment to be availed. With peace of mind, one can take wise decisions. Health insurance for parents is equally important, when they are traveling. So, if your parents are planning to have a trip either inside the country or abroad, their health should be insured.

Buy parent health insurance plan and show that you care for them. Inspite of you spending a bit of your income for parents they make a sheer effort in giving you some returns in the form of tax benefits, as per the section 80(D) of the Income Tax Act. So, even if you spent a penny for your parents today you will receive some goodies in returns tomorrow because ultimately parent’s heart only wishes to see their child prosper and benefit in every form.

How to get health insurance with pre-existing medical conditions


Health or repetitive conditions affect many thousands of people here in the UK and could strike any one of us, anytime, without prior warning.

However this doesn’t mean we should put our lives on hold and go into hiding, scared stiff that our existence will change the minute we succumb to such indefatigable forces of nature. Instead we want to go on living in pretty much the way we have been up to now; give or take a few tweaks depending on the extent of the medical prognosis.

And this means being treated the same as we were previously too, and being in a position to continue our lives as we were before ill-health struck.

Just because you’ve been unfortunate enough to suffer either a long term illness or recurrent medical condition, it doesn’t mean you shouldn’t be approved for health insurance policies.

Yet the very next question on everyone’s lips is: just how do we go about challenging the disadvantageous situations which tend to crop up in the health insurance industry at the merest mention of a pre-existing illness or condition?

If you do suffer from an ongoing medical condition, you will have probably said words to this effect when applying for any financial product: “Well yes, I do suffer from epilepsy, yet it’s fully under control and doesn’t hamper any part of my life”.

Not too long ago you probably wouldn’t have got past the word ‘epilepsy’ before being pulled up short and refused cover. Mercifully times (and attitudes) have changed, and today more insurers will underwrite a bespoke health policy which takes into account your acknowledged medical situation from the outset. Yet that’s not to say you being accepted and approved for a health policy is a given. Sadly for the most part private medical insurance products tend to exclude both pre-existing and chronic conditions.

The underlying reason for this is that health insurers see some conditions as high risk, and if they weren’t excluded then it would lead to a far greater percentage of claims being made.

This ultimately ensures that health insurance policies would cost policyholders significantly more in terms of increased premiums.