Hospital Daily Cash Insurance By SBI

Hospital Daily Cash Insurance By SBI

There is nothing in life that follows a pre-decided pattern. An illness, ailment or accidental body injury can take a toll on your finances. SBI General health insurance offers hospital daily cash that helps you to take control of such situations.
The plan offers you the fixed benefit for every day of hospitalization regardless of the hospitalization benefit. It offers the extra-layer of protection as it looks after the additional charges that aren’t covered by your basic insurance.

In the case of the accidental bodily injury or illness occurs or manifests during the policy duration which causes the hospitalization, then the benefit of hospitalization would be paid as per the predefined deductibles.

Exclusions

SBI General health insurance won’t be liable for the following situations.

1. Any condition, illness or injury for which you’ve been diagnosed and the received medical treatment, had symptoms or signs before buying your policy and any ailments contracted within the first 30 days of the start of your plan.
2. Specific diseases and surgeries such as hydrocele, hernia, etc will be covered when the waiting period of one year is over.
3. Particular diseases such as hysterectomy, cataract etc. will be covered when the waiting period of two years are over.
4. Joint replacement surgery would be covered when the waiting period of three years are over. If a joint replacement surgery is required because of an accident, then it will be covered.
5. Treatment due to pregnancy and childbirth including c-section, and any treatment regarding the pre-natal and post-natal care.
6. Any treatment related to mental disease/illness, psychological or psychiatric disorders.
7. Any treatment expenses related to AIDS.
8. Any treatment arising due to any substance abuse, drug or alcohol consumption and de-addiction treatment.
9. "Day care Treatments” expenses are not included.

Plan Options

SBI General health insurance comes in 4 options that provide the daily cash benefit. The following are details of these plans.

All You Require to Know About IFFCO Tokio Individual Medishield Policy

All You Require to Know About IFFCO Tokio Individual Medishield Policy

Individual Medishield Policy one of its kind health insurance plan introduced by IFFCO Tokio General Insurance Company. It is one of the popular IFFCO Tokio health insurance policies available in the market. Buyin this policy, you can avail cashless hospitalisation facility at 3000+ network hospitals in India.
Also, your pre and post hospitalisation expenses are being reimbursed. Let’s have a detail glance at the policy here:

IFFCO Tokio Individual Medishield Policy at a Glance:

Eligible Age	The minimum age to avail the coverage offered by the policy is 3 months and maximum age is 80 years. Children from 3 months to 5 years are eligible to be covered if both parents are included.
Policy Type	Individual.
Terms & Conditions	Up to the age of 45, there is no medical check-up required. After attaining 45, one need to do check-ups like blood sugar, ECG and urine test for getting the coverage. In case of age beyond 55, additional medical checkups are required.
Renewability	You are required to renew the policy time to time. The insurer provides online renewal facility also. However, it is mandatory to renew the policy before it expires or within 30 days from initiation.
Features	You can avail the treatment in India only.
Scopes	All resident individuals can apply for the policy.
Sum Assured	Avail family health package cover on discounted premium rate.
Premium	To get the hospitalisation facility, it requires the patients to be hospitalised at least for minimum 24 hours.
Discount	Ayurvedic and Homoeopathic hospitalisation expenses are also included.
Bonus	For every claim free year, obtain a cumulative bonus of 5% at renewals. The maximum of you can avail is 50%. If a claim is made then 10% of the bonus will be reduced at next renewal.
Exclusions	For any pre-existing illness to be covered, a waiting period of 3 years is applicable.         Any pre-existing disease for a period of 3 years is not covered.         Any expense related to spectacles, contact lens or hearing aids is not covered      Dental expense is excluded      Cost of external medical equipment are excluded

What is Covered?

• If any physical injury occurs within the policy tenure, it covers hospitalisation costs incurred for treatment.
• ICU charges and Room rent are covered applying a specific limit.
• A maximum of 0.5% of the basic sum insured is provided for registration, service charges and surcharges.
• Pre and post hospitalisation nursing charges are included.
• Surgeon, Anaesthetist, consultant’s fee is included.
• The policy also covers medicine costs, expenses for oxygen, pacemaker, artificial limbs, operation theatre costs, dialysis, chemotherapy etc. 
• Up to 1.0% of the basic sum insured is offered as ambulance costs, which don’t exceed Rs. 1,500. 
• You can avail daily allowance of Rs. 250 for hospitalisation.
• Domiciliary hospitalisation facility is available.
• Get pre and post hospitalisation costs reimbursed for a maximum period of 60 days each.
• Organ donors can avail hospitalisation expenses during an organ transplantation of the insured person.
• Health-check up expenses after 4 claim free years 
• In case of specific treatments, package costs of hospitals are covered

Hence, you can consider Iffco Tokio Individual Medishield Insurance Policy, which provides financial assistance to you and your family in case of an illness or accident resulting hospitalisation. You can avail cashless hospitalisation facility at its network hospitals and remain stress-free during an unforeseen situation. By purchasing this plan online, you can also avail extra benefits associated with the plan including fast claiming process, fast application and last but not the least discount on premium. For detail information, visit the insurer’s website.

Group Health Insurance or Individual Health Insurance: A Comparison

Group Health Insurance or Individual Health Insurance: A Comparison

When it comes to group or individual health insurance, it is always contentious to say which one is more beneficial as both have their own shares of contribution towards the financial market. If you are not new to the term ‘Health Insurance’, you perhaps feel the urge of having a plan that secures your health.

Bur for a newbie, it is good to know how health insurance is a handy choice for meeting all hefty medical expenses during an emergency. Moreover, you can invest for long-term as well, knowing the fact that your health is protected, which otherwise can leave you bankrupt.

Group insurance is when a group of people is provided with medical coverage by an employer or an association. On the other hand, the medical insurance you buy on your own is individual health insurance. No doubt there are N numbers of health insurance places introduced by various insurance companies which might create perplexity in choosing the right plan for you. However, in terms of health insurance, Tata Aig Health Insurance is one of the trusted names in the market. However, before buying one, you should compare both the policies and select the one as per your requirement. Though both provide basic health coverage, there are some prominent differences, which you should consider at the time of buying one. In this article, we try to provide an apparent comparison of group and individual health insurance.

Group Health Insurance	Individual Health Insurance
A group health insurance plan is initiated by the employer for a group of employees.	Individual plan caters to an individual and can be framed as per his needs.
Cumulative risk of all the members is the deciding factor of premium rate.	During the time of determining the premium rate, factors like age, family medical history, health etc. are considered.
The members are part of this plan till the time they work with the organisation.	An individual can choose the plan-tenure as per his convenient.
No member can use the policy for your personal need such as applying for a loan.	This is opened by your name which allows you to use this as an asset to apply for a loan.
The service provider can cancel your coverage at any time. It is the sole controller of the policy.	You can control the policy as per requirement. This will be discontinued only if you give consent.
Medical examinations are not compulsory up to the definite amount of coverage.	At any cost, medical tests are mandatory to open an individual health insurance policy.
Premium is liable t o be deducted from the salary directly.	The individual requires paying the deductibles on given time.
Group policies are to some extent cost effective, can avail maternity facility.	Individual plans are expensive and very few individual plans cover maternity coverage.
You need not worry about pre-existing diseases as your group plan covers them as well. You can file a claim after a waiting period of 30 days.	Pre-existing diseases are covered after 12 months or can exceed more. Again, you can’t make a claim during the waiting period unless it is an emergency.
After your retirement, the group health insurance policy is no use of yours or even you are not a part of this plan than.	You can renew the individual plan each year by paying a minimal premium for a long-term period.

If we compare the benefits of both the plans, group insurance plan seems more effective but only for the time, you are associated with the organisation. Once you leave, there is no use of this policy. So, a stand-alone health insurance place is what we can suggest for you! 

5 Questions to Ask Before Filling a Car Insurance

5 Questions to Ask Before Filling a Car Insurance

Making an insurance claim is a simple and stress-free process if everything goes well. As a policyholder, you always tend to file your claim in a hassle free manner. With the advent of many car insurance companies, it is most important to know your plan thoroughly.

If you’re lucky, you won’t need to claim car insurance. But that doesn’t take the guarantee for any mishap. So it is better to figure out if you have a good insurance or not. And until you use it, you can’t measure it.

It is a must for you to read the terms and conditions while buying an insurance plan. But whether you read it or not, you should know what your car insurance covers. And this way you can find out whether the plan is good for you or not. It is probably not the best time to decide if you have a good insurance plan or not when you’re in the middle of a stressful situation. The market is full of insurance companies and many plans have arrived to excite you the most. There is no exception with auto insurance. As the competition rise, the car insurance companies have come up with stirring plans, leaving the only option for you to compare and decide. Among them, you can consider Future Generali Car Insurance plan and relate your requirement with their quotes. Hereby, in this article, we offer up few advice and questions that you should ask before filing a car insurance claim. Here we go:

1. Does My Car Insurance Cover Rental Reimbursement While My Car is Being Fixed?You may not need to buy the coverage separately if your motor insurance company includes a minimum amount of rental reimbursement. Obviously, if the amount is not up to your mark, then you should buy one.
2. Does My Policy Cover Someone Else Driving the Car at the Time of Accident, Irrespective of Listed as a Driver or Not in the Policy?Some insurance companies straightway reject insurance claims based on that the driver was not listed on the policy at the time of buying. The treatment varies company to company and you should know it well how your company treats it.
3. Do I Have to Repair My Car After an Insurance Claim?It is mandatory to get the car repaired if you have a loan on your vehicle and or want to continue with full coverage on your vehicle. In case you don’t want to go with full coverage and own the vehicle outnright then it is completely your call whether to make the repairs or not.
4. What are all included in a Comprehensive Car Plan?A comprehensive plan covers everything from deer, theft, fire, vandalism except collision. 
5. Will My No Claim Bonus Get Transferred if I Change My Insurance Company?Yes, No Claim Bonus can be transferred. You’ll have to produce a proof stating that the NCB earned by you from the current insurer. You can produce a letter confirming the NCB entitlement from the previous insurer as a proof.

Car insurance claims and related questions go hand in hand. Relating these FAQ’s, with your requirement while buying a plan is necessary. It is true that no policy can cover the possible situations, but most good policies almost cover most of them. Sometimes, people decide not to have certain coverage, as they are too expensive or not necessary or their car is not worth having them. Hereby, you should know your requirement. You can take help from the agent. They’ll guide you better to choose the proper plan that suits your need. However, it is always advisable to compare various plan and shortlist the final one!

5 Common Myths about Two Wheeler Insurance

5 Common Myths about Two Wheeler Insurance

While bike riders are familiar with the equipment of their vehicle like helmets, lights, mirror, a few of them know a lot about two-wheeler insurance. Since the financial market embraces new heights and various insurance companies come up with exciting insurance plans, Bike insurance has started gaining the importance among policy buyers.

Two-wheeler Insurance is a standalone insurance plan, which provides coverage for liability, loss, damage or medical expenses during the course of your driving tenure. In every aspect of our lives, more or less, we are surrounded by certain myths. The insurance sector is no exception. Like driving, where abound of misconceptions exist, vehicle insurance also has its share of myths which may misguide you. In this article, we want to make you familiar with certain myths related to two-wheeler insurance, to restrain you from making any mistake by randomly following them.

5 Common Myths Related to Two-wheeler Insurance

1. Bike Insurance is Expensive
   It is a misconception that two-wheeler insurance is expensive. As compared to other insurances, Bike Insurance premium is lesser than the others. Also, one can buy two-wheeler insurance at a lesser price, which starts from Rs. 2
2. Insurance is for Only Professional Cyclists 
   We don’t deny the fact that professional cyclists for sure need vehicle insurance. But it is also mandatory for those who love their bike! Insurance protects the vehicle against liability, damage, or loss. Bajaj Two wheeler Insurance plan provides coverage for loss or damage natural calamities as well. The accidental coverage provides by this plan is INR 2 lakh for the individual driver of the vehicle.
   
   
3. Can’t Renew Policy If It Breaks
   The biggest myth lies around an expired policy is that you can’t renew it. Well, reality says it is not like that. There is another way out to renew your policy even after a long break. With the help of break-in insurance, a vehicle owner can renew a policy. However, it is advisable that the break shouldn’t exceed 90 days.
   
   
4. I Will Lose My No Claim Bonus If Transfer the Policy for One Insurer to Another
   But in reality, your No Claim Bonus follows you, wherever you go! No Claim Bonus is a reward given to a vehicle owner if in case he/she hasn’t filed a claim for insurance for the entire length of the policy. Fortunately, NCB is transferable from one insurance company to another without reducing the benefits. Provided one has to transfer it within 90 days of the expiry of the old insurance policy.
   
   
5. Inspection is Mandatory
   Well, it solely depends on your vehicle type. For two-wheeler, inspection is not required if the break is not more than six months. Your vehicle documents are sufficient. But in the case of car insurance, it is completely opposite and insurance will only be given after thorough inspection of your car.

Over the time, two-wheeler insurance market has changed a lot. Insurance companies are now focusing more on their products to woo their customers. By introducing online insurance policies in two-wheeler sector as well, the companies ensure that their customers continue with them year after year. Myths are always part and parcel of every aspect. Insurance sector also experiences the same. However, it is up to you, how you deal with and come up with a wise decision.