Converting your employer group health insurance into an individual policy- Is it Important?

Converting your employer group health insurance into an individual policy- Is it Important?

Insurance policies, as we all know, have become a necessity in everyone’s life and many of us are benefitted by being covered with an insurance cover provided by our employer. Though the benefits at the outline remain the same, group health insurance policies and individual health insurance policies are entirely different from each other. The clauses are aplenty and their implications catch you unawares just when you want to avail the benefit. A simple comparison between these two kinds of policies based on the terms that they are applicable upon…

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Why you must know these five facts about Health Insurance?

Why you must know these five facts about Health Insurance?

Healthcare expenditure shows up its ugly face in all our lives at some time or the other. While some of us would care less to spend on our own health, we would go all out to ensure that our loved ones get the best recent medicine can offer. 70% of healthcare expenses are spent out –of-pocket and 70% of this is spent on medicines.  Drugs that are actually necessary to keep a person’s vitals stable.  Putting facts on the table, these are the very medicines that actually keep a person…

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Things to keep in mind while buying health insurance

Things to keep in mind while buying health insurance

For the normal person buying medical insurance is a sensible practice that has the added encouragement provided by the government in the form of a tax deduction for the premium paid U/s 80D. Not having medical insurance is either a sign of wealth or foolhardiness. Paying a small price relative to the comfort of having a financial backing during medical emergencies is a non-negotiable essential insurance cover. Those who do not want or decide they do not need medical insurance either have liquid wealth that can pay for any medical…

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