Sanjeev Jain’s Post

Raj and Priya, a young couple in their early 30s, purchased the health insurance policy in 2020. Initially, they opted for this policy due to its low premium and coverage for basic health expenses. However, they soon realized that the policy did not cover several important treatments and procedures, such as advanced surgeries and critical illnesses. As a result, they had to cover a significant portion of their hospital bills out of pocket. They also faced long wait times and unhelpful responses when contacting customer support. What can they do? The solution to their problem is to switch to new-age plans that offer diverse benefits according to one's life stage. For someone as young as Raj and Priya, it is crucial to have a sum insured of at least Rs. 1 crore. These plans are very affordable and start at Rs. 14,000 annually. Health insurance portability allows you to switch your health insurance plan from one insurer to another at the time of your policy renewal. You must send a portability request to the insurance company you want to switch to at least 45 days before your existing policy is due for renewal. Your health insurance plan may have limitations such as:  1. Room rent capping of Rs. 5000 per day  2. Annual Health checkups once every four years  3. No maternity benefit How to choose the right insurer? Which plan should you choose and more? Find out more here: https://bit.ly/3KPElY7 #healthcare #health #insurance #healthinsurance #besthealthinsuranceplan

Grace period rules changed for health insurance: Check new guidelines for policyholders Full Article Link >>> https://lnkd.in/gfruBWqz Welcome To Latest IND >> Fastest World News The Insurance Regulatory and Development Authority of India (IRDAI) mandated health and general insurance companies to provide coverage during the grace period when health insurance premium is paid in installments, the insurance regulator said in an official circular. IRDAI mandates health insurance coverage during grace periods((Getty Images)) […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

Understanding health insurance may seem daunting, but it doesn't have to be. Having clarity on these 12 questions can empower you to make informed choices regarding your healthcare coverage, easing any confusion or intimidation you may feel. #Healthcare #Insurance #healthinsurance #InsuranceEnterprise #Enterprise #USA #America

What is the Waiting Period in Health Insurance? In case of a health insurance policy, all the benefits of your medical plan might not available immediately. This is because of a compulsory period of the insurance policy known as waiting period. While you might already know this, you might not yet have a clear understanding of how long the waiting period of your health insurance policy is and its importance. In simple words, waiting period in health insurance plans is the period for which you need to wait before getting the insurance benefits, hence the name. It begins from the date of policy commencement, and the insured cannot claim health insurance benefits during this time. The duration of waiting period in health insurance plans may vary from one insurance company to another. Also, there can be some exceptions related to this waiting period, like accidental claims for immediate hospitalization. In general, the minimum initial waiting period is at least thirty days. For Life insurance policies its usually 90 days. #SLIC #SriLankaInsurance #SriLankaInsuranceLife #healthinsurance #WaitingPeriod

Wondering how to find the best health insurance? Expert advice here from UMD's prof Rebecca Gourevitch on MoneyGeek.com https://lnkd.in/ee9ffwxB #healthinsurance

What is 'cohort-based pricing' in #insurance? Why are some health insurance firms advocating for it? What do critics have to say? Anshul Majumdar breaks it down | #PersonalFinance #HealthInsurance #Premium

As I 🛫 to the Informa Patient Support Services Congress, this article is a reminder of the why behind our travel and collaboration with many stakeholders! #patientsfirst #access #advocacy

#MCPersonalFinance | Health Insurance Hacks: Here’s a list of dos and don’ts when buying a medical policy 🏥🛡️ Find out more⤵️ https://lnkd.in/dzGST4Rm #HealthInsurance #Hacks #MedicalPolicy | Preeti Kulkarni

🏥 Learn about copayments and coinsurance in health insurance to better manage your healthcare costs and access necessary care. 💰💼 #healthinsurance #copayments #coinsurance 🩺