Mediclaim

Here’s Why 30’s Is the Perfect Time to Buy Health Insurance Plans in India

Finance - A medical emergency can heavily impact your emotional as well as financial life. Hence, it is prudent that you buy a health insurance plan early in life. You should even consider buying critical illness insurance and personal accident insurance for specific coverage. Moreover, when you buy health insurance plans in your early 30s, you get...

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Tax on medical reimbursement received & expenses paid

Finance - All of us in our day to day life are incurring medical expenses either for ourself or for the dependent family members like spouse, children, parents, brothers and sisters. In this article we are going to talk about the funding of these medical expenses and income tax treatment of these expenses and reimbursements thereof (if any)....

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Tax benefit on Insurance Premium, Mediclaim & Medical Expenses

Finance - Article discusses about Deduction in respect of Life Insurance Premium, PPF, NSC, etc. [Section 80C]/ medical insurance premium [Section 80D]/ expenditure on training/ medical treatment of a dependent, being a person with disability [Section 80DD]/ expenditure on medical treatment of specified diseases [Section 80DDB], Amount of deduction...

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5 Last-Minute Income Tax Saving Instruments

Finance - By now, you might have already submitted investment proofs to your company’s finance department to claim a tax deduction. However, if you have been running behind date, here are some useful tips to save your hard-earned money and taxes before the D-day. ...

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Checklist to buy Health Insurance; Select Insurance Company & Tax Benefits

Finance - So, this is It? Checklist to Choose your Best Health Insurance Policy:- 1. Hospital Room Rent Eligibility, 2. Co Payment and Sub Limits for diseases (if any), 3. Waiting Period for Pre Existing Disease, 4. Waiting period for few specific diseases like Cataract, Hernia etc, 5. Cover Amount and Premium charged as compared to other players w...

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Service tax applicable on all cashless mediclaim transactions from July 1 2010

Finance - A new 10.3% service tax has been introduced on all cashless mediclaim transactions from July 1, to be paid by Third Party Administrators (TPA) to hospitals later. What does this mean for consumers? According to lawyer and consumer activist Jehangir Gai, "Consider that a patient with a cover of Rs 1 lakh has been allowed a claim of the fu...

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Soon mediclaim for treatment at overseas hospitals

Finance - Medical care at overseas hospitals could well be within your reach with a number of health insurance providers planning to launch a premium health cover shortly. Health insurance providers, both private and state-owned, are readying products targeted at high networth individuals that would provide a cover of about Rs 50 lakh....

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Portability of Health Insurance Policies from 1st July 2011

Ref: IRDA/HLT/MISC/CIR/030/02/2011 - (10/02/2011) - There have been several representations from consumer associations and policyholders for enabling portability of health insurance policies from one insurer to other insurer. Persons shifting from one region to other regions are many times put to disadvantage due to lack of insurers’ office provid...

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449 Hospitals to Provide Cashless Facility to the Insured and also Package Rates for 41 Common Surgical Procedures

NA - (21/08/2010) - The Public Sector General Insurance Companies have been incurring health insurance claims in excess of premium received and after factoring in acquisition costs, which are around 10%, and the management expenses which are over 25%, the Combined Ratio i.e. the total expenses for health portfolio exce...

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Withdrawal of Medical (Cashless) Insurance Products by Public Sector Insurance Companies

NA - (18/08/2010) - Statement in Response to Calling Attention Motion Notice on Unilateral Revision / Withdrawal of Medical (Cashless) Insurance Products by Public Sector Insurance Companies. The Minister of State for Finance Shri Namo Narain Meena made the following Statement in response to the Calling Attention Motio...

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Efforts on to restore cashless treatment facility

NA - (13/07/2010) - Concerned over the plight of patients after withdrawal of the cashless treatment facility by some hospitals at the behest of PSU insurance firms, noted heart surgeon Naresh Trehan on Monday said all-out efforts are underway to resolve the issue....

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Mediclaim policyholders will soon be able to switch their health cover providers

NA - (23/06/2010) - Mediclaim policyholders, who are not satisfied with the service of their existing service providers, will be able to switch to another insurer soon without any change in the premium outgo.However, this facility will be available to those policyholders who are insured for a sum of Rs 1 lakh and above...

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Recent Posts in "Mediclaim"

Here’s Why 30’s Is the Perfect Time to Buy Health Insurance Plans in India

A medical emergency can heavily impact your emotional as well as financial life. Hence, it is prudent that you buy a health insurance plan early in life. You should even consider buying critical illness insurance and personal accident insurance for specific coverage. Moreover, when you buy health insurance plans in your early 30s, you get...

Read More
Posted Under: Finance |

Tax on medical reimbursement received & expenses paid

All of us in our day to day life are incurring medical expenses either for ourself or for the dependent family members like spouse, children, parents, brothers and sisters. In this article we are going to talk about the funding of these medical expenses and income tax treatment of these expenses and reimbursements thereof (if any)....

Read More
Posted Under: Finance |

Tax benefit on Insurance Premium, Mediclaim & Medical Expenses

Article discusses about Deduction in respect of Life Insurance Premium, PPF, NSC, etc. [Section 80C]/ medical insurance premium [Section 80D]/ expenditure on training/ medical treatment of a dependent, being a person with disability [Section 80DD]/ expenditure on medical treatment of specified diseases [Section 80DDB], Amount of deduction...

Read More

5 Last-Minute Income Tax Saving Instruments

By now, you might have already submitted investment proofs to your company’s finance department to claim a tax deduction. However, if you have been running behind date, here are some useful tips to save your hard-earned money and taxes before the D-day. ...

Read More
Posted Under: Finance |

Checklist to buy Health Insurance; Select Insurance Company & Tax Benefits

So, this is It? Checklist to Choose your Best Health Insurance Policy:- 1. Hospital Room Rent Eligibility, 2. Co Payment and Sub Limits for diseases (if any), 3. Waiting Period for Pre Existing Disease, 4. Waiting period for few specific diseases like Cataract, Hernia etc, 5. Cover Amount and Premium charged as compared to other players w...

Read More
Posted Under: Finance |

5 Benefits of Health Insurance

Health care plans provide tax benefits. Premiums paid towards your health care policy are eligible for tax deductions under Section 80D of the Income Tax Act, 1961. If you are under 60 years of age, you may claim up to INR 25,000 tax benefits on health insurance premiums for yourself, your spouse, and dependent children, and an additional...

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Posted Under: Finance |

Taxability of Medical Insurance Premium paid by employer in employees hand

Many companies as a part of the compensation to employees and its HR policy pay for the health insurance of the employees and it’s family. The premium is paid by the company for the benefit of the employees.However, the HR department needs to understand the tax implication for the premium paid in the hand of the Company/Organisation an...

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Posted Under: Finance |

मेडिकल टेस्ट के खर्च पर भी बचा सकते हैं टैक्स, जानिए कैसे

हर वित्त वर्ष के अंत में वित्तीय सेवाएं देने वाली कंपनियां बहुत सक्रिय हो जाती हैं. इनमें बैंक, बीमा कंपनी और फंड हाउस शामिल हैं. ये...

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Posted Under: Finance |

Term Insurance – A well-wisher at every hour of life

Financial planning is a process of meeting the goals of life with the help of proper finance management techniques. This includes elements of wealth creation, planning for certain milestones in your life and the most important of them all – planning for emergencies and contingencies. Term insurance not only offers peace of mind but ...

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Posted Under: Finance |

Rider Cover: The Added Element that Enhances Your Basic Health Cover

These days, having a Mediclaim policy in India is not a choice but a necessity. Your daily requirements and needs change with time, so do your health insurance needs. The basic health insurance cover that you had at the age of 25 years may not fulfill your insurance requirements of at the age of 40 […]...

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Posted Under: Finance |

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