Finance : Rising medical costs and low coverage make health insurance critical. Learn how modern plans protect your finances while offering ...
Finance : The joy, anticipation, and planning that accompany pregnancy are unmatched. But amid all the excitement, it's easy to overlook one...
Income Tax : Explore the pitfalls of rushing into tax-saving investments like life insurance, medical insurance, and ELSS. Learn why careful pl...
Income Tax : Discover top tax-saving investment strategies in India, including options like PPF, life insurance, mutual funds, and mediclaim po...
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Corporate Law : We invoke your kind attention towards the repeated violation of Drugs & Cosmetics Act by selling pharmacy through their respective...
Service Tax : A new 10.3% service tax has been introduced on all cashless mediclaim transactions from July 1, to be paid by Third Party Administ...
Finance : Medical care at overseas hospitals could well be within your reach with a number of health insurance providers planning to launch ...
Corporate Law : There have been several representations from consumer associations and policyholders for enabling portability of health insurance ...
Corporate Law : The Public Sector General Insurance Companies have been incurring health insurance claims in excess of premium received and after ...
Corporate Law : Statement in Response to Calling Attention Motion Notice on Unilateral Revision / Withdrawal of Medical (Cashless) Insurance Produ...
Corporate Law : Concerned over the plight of patients after withdrawal of the cashless treatment facility by some hospitals at the behest of PSU i...
Corporate Law : Mediclaim policyholders, who are not satisfied with the service of their existing service providers, will be able to switch to ano...
Recently, My Father in law was hospitalised and had a surgery. Strangely, all visitors asked “Do you hold a Health Insurance? Expenses are covered nah?” Listening to this I had decided that my next article had to be on Health Insurance. So in this ‘Thoughtful Thursday’ we are covering everything you want to know about […]
Section 80D, inter-alia, provides that a deduction upto Rs 30,000/- shall be allowed to an assessee, being an individual or a Hindu undivided family, in respect of payments towards annual premium on health insurance policy
Most of the times, amidst having taken a health insurance policies from reputed companies, we end up paying from our pockets. Ignorance is the major cause for us to put ourselves in this situation. Well, you have a policy, spent majorly on an illness but your claim is rejected. I know how frustrated it would have been for you. Ok, what can be done in this situation? Is there a way to get your claim accepted and you get your spending reimbursed?
CA Sandeep Kanoi Union Finance Minister Arun Jaitley is expected to present his budget either in last week of June 2014 or in First week of July 2014. With Budget around the corner the Taxpayers are very enthused about expected tax reliefs from Mr. Arun Jaitley and started thinking that good days are around the […]
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 providing necessary policy servicing at the new location. Further, employees shifting from one organization to another organization many times lose health insurance cover due to lack of portability of the health insurance policies. It is essential to protect the policyholders against discontinuity and consequential loss of Pre Existing Diseases (PED) cover by making the health insurance plans portable across the insurance companies. The portability will also ensure that the policyholder is not tied to one single insurer throughout his life for fear of losing the cover of PED.
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 exceed 140% of the premium income.
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 Motion Notice regarding situation arising out of the unilateral revision / withdrawal of the Medical (cashless) Insurance Products by the Insurance Companies in the Public Sector, in Rajya Sabha, today:
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 full sum.
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.
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, to begin with.
