The amount spent as a premium for the health insurance policy for self and family members including parents is eligible for this deduction.
The third party administrator (TPA) acts as an intermediary between the insurance provider and the person taking the insurance.
Cost per claim has grown by 20-30% because hospitals have raised their prices
Set aside a percentage of your savings for healthcare bills regularly
Health insurance usually covers pre and post-hospitalization expenses, room rent, ambulance facility, doctors' fees and medical expenses.
Health insurance: Renewal is the best time to include any new member of the family in the coverage.
When a policy is taken fresh after it gets lapsed, then the waiting period will start again to get coverage for all pre-existing ailments.
Most people tend to buy health insurance without assessing their needs.
Here are a few things to watch out for while buying a health insurance policy.
If the insurer doesn't resolve the problem within the stipulated timeline, policyholders can turn to Irdai for instant help.