Health and Insurance

Rightful Claim and Speedy Settlement

2011-11-17T03:08:00.000-08:00

Any insurance policy is taken out with the sole motive of availing the claim when it arises. To ensure that insurance co.s do not find a way to go around this on the pretext of delayed submission of documents, the Irda has sent a circular to all insurers clarifying that they cannot deny any claims if the delay is due to unavoidable circumstances. The regulator said that the insurers' decision to reject a claim should be on sound logic and valid grounds. Rejection of claims on purely technical grounds in a mechanical fashion resulted in policyholders losing confidence in the insurance industry, giving rise to excessive litigation.

At present the claim to be considered valid, has to be intimated to the insurance company in a prescribed form within 7days. After the claim is registered, the company will give a reference number that needs to be referred to in all future communications. The insurance company will then, carry out investigations, loss assessment and provisioning and make the final settlement.

The circular says insurers need to develop a sound mechanism of their own to handle such claims with utmost care and caution. It does not put any penalty on the insurer for rejecting the claim. The regulator also mentioned that the insurers are advised to incorporate additional wordings in the policy documents and must not repudiate claims unless the reasons for the delay are specifically ascertained and recorded.

The insurers should satisfy themselves that the delayed claims would have otherwise been rejected even if reported in time.

To make claim settlement faster, the policyholder is to fill the claim form, which has details like basic information such as policy number, name of the insured, date, place and reason of hospitalisation or death and the name of the claimant, and submit all relevant documents such as hospitals bills, original death certificate, policy bond, police FIR, postmortem report, certificate and records from the treating doctor/hospital, etc. to the insurer as soon as possible. One should always keep a photocopy of all the bills and the filled claim form for records. Under the regulation 8 of the Irda (Policy holder's Interest) Regulations, 2002, the insurer is required to settle a claim within 30 days of receipt of all documents including clarification sought by the insurer. If the claim requires further investigation, the insurer has to complete its procedures within six months from receiving the written intimation of claim. However, some complicated third-party claims can take years for settlement. The claim amount is either sent through a cheque or remitted to the bank directly.

Basal Metabolic Rate

2011-11-07T23:39:00.001-08:00

BMR is an estimate of how many calories you would burn if you were to do nothing but rest for 24 hours. It represent the minimum amount of energy required to keep your body functioning. Here’s the formula for calculating your BMR:
BMR = 655 + (9.6*weight in kg) + (1.8*height in cm) (4.7*age in years).
So your daily calorie intake to maintain your weight should be: BMR*1.15. To lose weight, cut down on this calorie count significantly.

WHAT IS METABOLISM?
Metabolism is the rate at which your body burns calories. Calories are burnt even when you’re sleeping and eating, because you need energy to keep you going. It differs for everyone. Factors such as muscle mass, genetics, overall weight, age and fat content determine how fast or slow your metabolism is.

HOW CAN YOU REV IT UP?

Eat sensible, Eat healthy. Most people think that the thinner a person, the better her metabolic rate, and that this gives her a license to go on a junk food binge. Junk, oily and spicy food can slow down metabolism because these foods are tougher to digest and they add more to the fat content than to energy levels.
Exercise will hike your metabolism levels simply because your body needs to burn more calories to sustain itself during and after a workout. “People must exercise for at least 30 minutes daily,” says a dietician. “An increased metabolism also helps in faster digestion, so even an occasional heavy meal does not make you feel bloated like it normally would if you work out.”
Sleep like a baby. People who sleep less than seven hours a night cause their systems to slow down the next day-reflexes become sluggish and food is digested slower.
“People do more cardio exercises because they think only these help in weight loss,” says a gym trainer. “But lifting weights and building muscle mass also causes calorie burn and weight loss.”

DON’T TAKE YOUR METABOLISM FOR GRANTED
A common misconception among people is that thin people have a high metabolism. People with high metabolism aren’t necessary thin. If you have a high metabolism, it only leads to a bigger appetite and higher calorie intake. Even the fastest metabolism hardly burns a maximum of 3000 calories in a day. So a high metabolism is of no use if you are eating more than what your body is burning.

WHAT FACTORS INFLUENCE YOUR METABOLISM?
There are some factors that you can control and change, and some factors that you can’t.

Age: Metabolic rate decreases by 5% with each decade.
Gender: Men generally burn calories more quickly than women because they have more muscle tissue.
Heredity: You can inherit your metabolic rate.
Thyroid disorder: Hypothyroidism and hyperthyroidism can slow down or speed up metabolism, but only 3% and 0.3% of the population have them respectively.

Source : Femina, oct 2011

Choosing the Right Health Plan

2011-11-07T23:38:00.001-08:00

Are you caring for any dependents? Do you have any pre-existing conditions? How comprehensive do you want your plan to be? Do you need dental and vision plans? Do you have a chronic illness that requires monthly treatment? What are your month-to-month medical expenses, like prescription drugs? What could happen should you require surgery? What if you were injured in an accident? How much preventative care do you want?

Given the plethora of questions and options in the health insurance space, it is difficult to make a rational choice. One person who can rationally help you find the right health insurance plan is your insurance broker since he would be aware of the latest health insurance products in the market and he has your best interest in mind. It is finally up to you to make an informed decision based on his suggestions.

With insurance going online, getting health insurance quotes has become even simpler. No longer do you need to call up several insurance companies or fill out various different applications for getting health insurance quotes. On sites like healthandinsurance.in, all that you need to do is – enter in your requirements and you will be easily able to compare benefits and costs from different insurers.

Selecting a health plan is a matter of balancing the cost of a plan with the amount of coverage you need, the degree of choice you want and the trade-offs you are willing to make. Fueled by the skyrocketing costs of health care, revolutionary changes have been taking place in the design of health plans to reduce costs while maintaining quality care. There can thus be no dispute over the need for health insurance. Some points that specially needs to be noted are -

Cashless & reimbursement plans
There are two options available. The first is the cashless policy where you don’t need to pay while getting the medical treatment done.The payments are generally done by hospitals through their tie-ups with third party administrators (TPAs). Then there are reimbursement plans where you have to pay at the time of getting the treatment done and then are supposed to apply for reimbursement from the insurance company.

Difference in premium
How much health insurance will cost you depends on your age, the condition of your health, where in the country you live, your income, your job status and the like. When comparing policies, make sure you are comparing the same benefits and coverage. Also check the co-pays or coinsurance, deductibles and waiting period.
The deductible is the amount you must pay out-of-pocket before any medical charges are eligible for reimbursement. Plans with the highest premiums usually have low deductibles. When you choose a plan with a higher deductible, the premiums are usually lower.
Co-insurance is the percentage of covered expenses that you will pay. For example, co-insurance on office visits may be 70/30. This means the insurance company will pay 70% after the deductible, and you will pay 30%.
You will have to serve a waiting period when you start a new health insurance policy or increase your level of cover. There are also waiting periods for particular diseases.

Tenure of the cover
The mediclaim has to be renewed annually and within the specified time.

Size Matters
You should look at the annual limit of your health insurance policy. According to experts, if you hail from a small- or mid-sized town you should look at a cover of Rs 2-3 lakh. If you reside in a metro, then you should not look at covers less than Rs 4-5 lakh.

Clause On Sub-Limits
There are sub limits in mediclaim policies, the most common of them being room rents, doctors’ fees and diagnostics. If you have a sum insured of Rs 1 lakh and the insurer has capped your room rent at 1-1.5% of the sum insured then your room rent cannot exceed Rs 1,000. If it exceeds the specified amount, then you have to pay the balance from your pocket.

Other Clauses

There are mediclaim covers which do not cover pre-existing diseases for four years whereas some which do not cover it for three years. Similarly, ensure there is no ambiguity in the renewal clause of the policy. Another clause is the limit on Pre-Post i.e.expenses which include commuting to the hospital, buying medicines post hospitalisation and so on.

Other Information

Go through the list of hospitals and other facilities you would be able to use under the insurance plan. Equally important is to understand the plan’s procedures for handling claims and complaints.

The Ideal Choice

Keep in mind that there is no one-size-fits-all health insurance plan. The needs of a healthy 20something are vastly different from the needs of a family of four, which are vastly different from a baby boomer entering retirement. Right health insurance can save you from multiple expenses when it comes to paying for emergency or long term health services. Once you’ve settled on a plan, it is imperative to thoroughly understand it and follow its guidelines. And don’t forget you always have the option of claiming a tax benefit of up to Rs 15,000 under Section 80D.

Health Insurance Portability

2011-10-02T23:57:00.000-07:00

After mobile numbers, it is time now for the health insurance policies to turn portable. Uptil now, only motor insurance policies enjoyed this benefit in the insurance industry. With its new set of guidelines, IRDA has finally kicked Health Insurance Portability in from OCT 1^st this year. A much talked about phenomenon but scarcely understood! As is the literal meaning, your policies can now be carried/moved with ease from one insurance provider to the other. The system to share and transfer data of the policyholders is at last in place, clearing the deck for regulator, companies and customers to begin the process. Dissatisfied policyholders, for long, have had no choice but to stick to their existing insurance provider for the fear of losing benefits. They can now continue enjoying the existing benefits while relocating -

Credit for the waiting period benefits accrued with the previous insurer for the pre-existing disease.
No claim bonus carried forward.
Possibility to convert from Group mediclaim, such as the one provided by the employer, to individual health policy. A year after such migration, transfer to any other non-life insurer.

All you have to do is apply to the new health insurer at least 45 days before the premium renewal date of the existing policy. This ensures that the new insurer has reasonable time to verify history of claims which shall be available on common database to all insurers. Strictly adhere to this rule, for the insurer will not be liable to offer portability if the policyholder fails to do so in the prescribed time. However, you can switch your health insurance policy to another insurer only if you have held the policy for a minimum of one year. It is important for everybody to be clear as to how the system will work as there are more than 50 companies who are engaged in health - which includes life, general and specialist health insurance companies. This step will not only help policyholders by giving them a wider choice and providing the insurance providers the impetus to focus more on customer value and engagement, but will also benefit the insurance industry in the long run by bringing in more transparency and allowing them to assess the risk and provide underwriting at the point of sales.

PROCESS : On receipt of application for portability, the new health insurer shall furnish the portability form along with proposal form and other relevant product details. The policyholder has to fill in all the forms and submit the same to the new insurer. Within 7 days of receipt of the completed portability and proposal form, the new insurer, if required, can ask the existing insurer additional information about the policyholder in the prescribed format. The existing insurer is bound to provide such data within 7 days of receipt of such request. Based on the information received, the new insurer shall decide to issue health cover to the policyholder. In case, the new insurer does not communicate its decision within 15 days, then it is assumed that the application has been accepted and later on it cannot reject such application.

Where on the date of renewal of existing insurance policy, the outcome of acceptance of portability is still pending with the new insurer:

If requested by policyholder, the existing policy shall be allowed to be extended for a short period (at least one month) by accepting pro-rata premium for such period.
The existing policy shall not be cancelled until such time a confirmed policy from new insurer is received or if otherwise instructed by the policyholder.
The date of commencement of risk of the policy issued by new issuer shall match the date of expiry of the short period in such cases, and
In case, for any reason, the policyholder subsequently chooses to continue the cover under existing insurer, it shall be allowed to continue by charging a regular premium and without imposing any new conditions.

Thus, it can be seen that ample safeguards are provided in the guidelines to ensure that the policyholder has adequate options and is not without cover at any point of time while the portability is in progress.

This move is expected to increase quality of services and encourage healthy competition among health insurance firms.

Avoid getting Trashed

2011-09-27T03:31:00.000-07:00

The most critical moment in the entire tenure of an insurance policy is when a claim is filed. “Rejection, of any kind hurts.”In an insurance claim, the blow is multitudinal – financial, emotional, physical - thus making it more stressful.

“One of the most common queries we get from people buying a policy is whether the insurance company will honour the claim,” says Rahul Agarwal, founder, Ideal Insurance Brokers (P) ltd., a reputed insurance brokerhouse across the country.

I was diagnosed with vertigo, a type of dizziness, this May. This is not all. The real trouble started after three days of hospitalisation when the TPA of my health insurer deprived me of the cashless claim facility. Though the insurance policy had promised me cashless hospitalisation, I had to pay the bill of Rs. 39,000 from my own pocket.

The TPA refused on absurd grounds like the illness could have been due to some pre-existing ailments and that they needed time to scrutinize the claim. However, when I referred to medical professionals, they told me that my illness had nothing to do with my cardiac ailment which was declared as pre-existing in my health Insurance policy.

While the denial of the cashless facility didn’t necessarily mean repudiation of the claim, it did shake my confidence in the insurance company. I, who has been paying around Rs 18,000 every year since 2009 as premium to the Health Insurance Co., felt cheated.

The figures of claims rejected/ pending as of today would definitely make any policyholder dubious about the efficiency of his insurance cover. But this is only half the picture. The no. of claims settled is no less. The stringent procedure followed to settle Insurance claims is to ensure that only genuine claims are paid. In fact, if Insurance companies show leniency and keep accepting bogus claims, it may cost customers more in the form of higher premiums. It is thus the duty of the policyholder to follow all policies and procedures given in the insurance document and not give the insurer any chance to reject his claim – health or otherwise.

Here, I list some broad reasons why our insurance claims may be rejected and ways to steer clear of them –

Reason:	Solution:
NON-DISCLOSURE, partial disclosures and wrong disclosures of significant facts such as age, nature of occupation, income, existing insurance policies, major ailments or pre-existing medical conditions.	Full Disclosure. When applying for the product, understand the consequences of concealing or giving incorrect information.
LACK OF KNOWLEDGE regarding covers and exclusions under the policy. We are not even aware when breaching a condition mentioned in the policy document.	Go through the policy terms and conditions and understand them well before purchasing. When in doubt, seek clarifications from the advisor.
DISCREPANCY IN PROPOSAL FORM because we often refrain from filling our forms and depend on third parties. They are often not aware of details and an imp fact might be inaccuratly represented.	Fill up the proposal form yourself. Submit genuine documents in an orderly and timely manner to the insurance company with details. If any discrepancy is found in the policy, immediately get it rectified.
SURPLUS EXPENSES. Private hospitals, in their quest to generate maximum revenue, sometimes perform medical procedure which may not be necessary. In motor, usually bills are blown out of proportion. These irregularities, when caught by the insurer, results in rejection of the claim.	Avoid extra costs. Make sure the medical process undergone was necessary. Do not include motor repair charges of pre-existing damages or costs not covered under the policy in the claim.

Use multiple plans efficiently

2011-09-08T05:31:00.000-07:00

It’s not uncommon for an individual to be covered by two, or even three, health insurance policies. One reason for this is the rise in the cost of health-care services in the past decade. Ten years ago, a Rs. 2 lakh health insurance cover was considered fairly sufficient for an entire family. Today, it will barely be enough to pay for a five-day stay in a hospital. Also, medical insurance cover from employers is not sufficient. In both circumstances, one has to buy another policy.

But while a larger insurance cover is a good thing, multiple health insurance policies can lead to confusion when making claim. Should a person claim only from one insurer? Does he need to inform his insurer about the additional covers? Will the hospital allow two cashless claims for the same illness? Will he get the no-claim bonus if the second policy is not invoked? It’s all quite confusing for the policy holder, who might be under strain due to the illness.

The first things to know is that it pays to inform all insurers whenever there is a hospitalization. This does not mean that one can separately claim the expenses from each of them. “You cannot profit from a medical insurance plan”, says Joydeep Roy, chief executive of L&T General Insurance Company. It’s only that by informing all the insurers, the policyholder is able to optimally utilize the cover available to him. The claim has to be paid by the insurers in the same proportion as their health cover. Say, a policy holder has two policies – one for Rs. 2 lakh and the other for Rs. 1 lakh. If he makes a claim of Rs. 1.5 lakh, the first policy will pay 2/3^rd of the amount (Rs. 1 lakh) while the second policy will pay the remaining 1/3^rd (Rs. 50,000).

This sharing is subject to the terms of the policies. “There is a contribution clause in most policies. The expenses are shared by the insurers proportionately,” says Sanjay Datta, head of customer service (health and motor insurance) at ICICI Lombard General Insurance.

You may want to know why the person would claim from the second policy. After all, isn’t his Rs. 2 lakh cover his expenses. Perhaps not, because unlike in the past, most health plans now have limits on the expenses under different heads, For instance, there is usually a cap of 1% of the sum assured on the room rent per day. So, a Rs. 2 lakh policy will only reimburse up to Rs. 2,000 a day. This means that an insurance plan may not fully cover your medical expenses(see table*) . It is also a good reason why one should study the policy features in detail, especially the fine print on benefits, before buying one.

Financial planners advise that whenever the need for hospitalisation arises, one should inform the third party administrators (TPAs) of all the health policies held by the person. For instance, if you have three policies (one from your employer, one from your spouse’s employer an done bought on your own), you will need to mention that you have additional cover at the time of making a claim. Claim forms require the policyholder to state if he is covered under any other medical policy or group insurance scheme. “ The policyholder can choose to claim from only one insurer. If he has another policy but the claim has been made only with us, we will process and settle the claim as per norms. Later, we can pursue with the other insurer for their share of the claim,” says Subrahmanyam B., vice president & head, health vertical, Bharti AXA General Insurance.

However, if one of the policies has been bought recently and still in the waiting period, then the policyholder can claim only from one policy which is already in effect.

Insurance companies require you to submit original bills and documents at the time of making claim. Since you will be claiming from more than one insurer, request the hospital to provide you with

certified duplicate copies of the treatment summary, bills and discharge slips. That’s easier said than done because hospitals are fussy about these things. If your hospital is not helpful, submit the originals to the primary insurer and attested photocopies to the others. Like we said, if all insurers are in the loop, you will not face any problem.

*Why a Rs 1 – Lakh health plan won’t fully cover a bill of

Rs. 65,000

Expense Head	Expenses Incurred	Limit as % of sum assured	Claim allowed
ICU charges (Rs. 8,000 x 1 day)	Rs. 8,000	2% per day	Rs. 2,000
Room rent (Rs. 3,000 x 5 days)	Rs. 15,000	1% per day	Rs. 5,000
Doctor/surgeon/ Anaesthesist fee	Rs. 20,000	25% per illness	Rs. 20,000
Surgery, implants, medicines, treatment and diagnostics	Rs. 20,000	50% per illness	Rs. 20,000
Ambulance	Rs. 2,000	Rs. 1,000	Rs. 1,000
Total	Rs. 65,000		Rs. 48,000

In the above example, while some of the expenses were fully covered, the limits on certain heads such as ICU charges, room rent and ambulance service reduced the amount of reimbursement.
If the policyholder has another health insurance plan, he may be able to get the full claim.
In the case of multiple plans, insurers will bear the cost proportionately to the cover they offer.
Multiple health plans enlarge your cover but also makes the claim process cumbersome. You can avoid this by getting additional cover from the same insurance company.

Source: Times of India

Have you used your cashless card yet?

2011-08-10T02:01:00.000-07:00

The concept of health insurance in India is seeing a continual improvement in the past few years. One such result is cashless medical insurance which allows the policyholder to be hospitalized without the harassment of immediate payment, especially during emergencies. You just intimate your Third Party Administrator (TPA) of your situation and avail the medical treatment. TPA verifies your policy details, on behalf of the insurer, and gives clearance for the cashless services to be processed. In case of a planned visit, you should first inform the TPA and then avail treatment under the network of hospitals. Thus the most important research here is the number of tie-ups your cashless insurance carrier has with hospitals across the country.

Needless to say, the more hospitals your medical insurance provider has in its network, the easier it will be for you to avail its benefits.

Though Insurance companies hype cashless settlement policies as customer-friendly and convenient, for many who have bought these policies, the experience has not lived up to the promise. Many-a-times the insured has to either pay the hospital himself and get it reimbursed later, or run from pillar to post for the 'pre-paid'

facility, in which case the entire essence of a cashless facility vaporizes. Reasons behind it are many, the primary ones being the ignorance of the user and the hospitals overcharging patients under cashless claims.

It is thus worthwhile to keep the following in mind, when availing cashless -

For planned hospitalisation, send the pre-authorisation form to the TPA, at least a week before the surgery.
In case of accidents, make sure the doctor fills in fields like time of accident and evidence of alcohol abuse. A partially filled or illegible form sent to the medical team means it will be sent back to the hospital for clarification and cause more delay.
If you are accompanying the patient then mention your cell phone number on the pre-authorisation request to ensure that the TPA can get in touch with you immediately.
Carry your cashless settlement card at all times. This is of significant help in case of an emergency.
Find out which of the network hospitals is close to your house or place of work.
Be clear about which expenses and surgeries are covered by your policy.
Don't forget to renew your policy every year.

Can the Insurers walk out of contracts mid-term?

2011-08-01T06:10:00.001-07:00

According to the regulations, a policy can be cancelled only if there is a case of fraud, misrepresentation or non-disclosure of material fact from the insured.

But, few corporate have faced the problem of cancellation in their group health in the mid-term because of high claims, which according to IRDA isn’t allowed.

There were a series of complaints from group health insurance customers which lead to this move by IRDA. A circular has been issued to all the companies stating that insurance policies cannot be cancelled mid-term.

Both the insurance industry and the insurance policy holders have their own stand on the decision. According to the people in industry, after giving enough notice to make alternative changes, including cancellation clause has been a regular practice internationally and historically. Plus, in the cases where cover has been provided on the basis of reinsurance, it is important to have a cancellation clause because the reinsurance companies have the similar clause.

But again, there are different views as well. If we think from the side of the policy holder, he takes the policy trusting that his claims will be settled. Just to increase the top line, insurance companies should not overlook the risk involved with the client. A proper underwriting should be done before the policy is issued to the client.

So, what is your take on the issue? Do you think IRDA did the right thing?

Source: Times of India

Good news for those who believe in non-allopathic treatment :)

2011-07-29T23:58:00.000-07:00

As we are aware, most of the health insurance policies only cover allopathic treatment but other form of treatments like ayurveda, homeopathy, etc were not covered. And we all know that, now days people are moving to these so called ‘less harmful’ form of treatment esp when it comes to chronic ailments like spondilytis, arthritis and epilepsy but again even these treatments are not very ‘cheap’.

So for the relief of those, few insurance companies have included such alternative forms of treatment under their cover, especially ayurveda. Though it has been limited to individual or govt. scheme or corporate policy from company to company but yes the first step has already been taken. And ofcourse, there are limits on the amount which can be claimed.

Naturopathy treatments are excluded in all policies, while few cover unani and homeopathic. This is because other forms of treatments have no standard treatment protocols and highly varied costs thus making it difficult to actuarially compute the cost to be covered. Even under ayurveda, select procedures are covered to ensure people do not misuse a policy for a basic rejuvenation procedure.

It is important to note that there is no standalone cover available for covering alternative treatments. You will have to buy a standard health insurance cover from these select insurers and others who start offering the non-allopathic coverage.

Before you head for alternative treatment and make a claim, see whether the treatment is listed in the insurance policy document. Insurers are particular about the specific treatments covered.

Source: Economic times

Waiting period for Health Insurance

2011-07-19T03:05:00.000-07:00

Did your claim got rejected because your disease was not covered in the first 2 years of the policy??

Are you suffering from some Pre Existing Disease and want to cover the same??

There are many diseases like Appendicitis, Hernia, Cataract, etc for which an individual can delay the treatment. Many people apply for a policy after discovering they are suffering from one of these diseases. So to avoid such intentional claims, the Waiting Period clause is there in All Health Insurance policies in India.

So, when you sign up for a new health insurance policy, it doesn’t get implemented with immediate effect. The policy comes into effect after a ‘waiting period’, which depends on the kind of insurance and factors such as

· The nature of disease

· Your medical history

· The Insurance company

· The Insurance Policy Chosen

In other words, the insurer is liable to entertain any claim amount filed only after this waiting period. If an individual undergoes an accident or undergoes hospitalization during the waiting period, the customer may not be covered for a loss.

As mentioned before, the concept of waiting period exists across different kinds of insurance policies, and the quantum of waiting period may differ depending upon the insurer and the nature of the insurance policy. However, following are the broad indicators of waiting period.

1) There is an initial waiting period of 30 days during which no claims is entertained (except maybe an accident case where it has to be proved the accident happened after issuance of policy)

2) There is an initial waiting period of 1-2 years for diseases like Appendicitis, Hernia, Cataract, Gall Bladder or Kidney Stone, Piles, Tonsillitis, etc

3) Pre -existing diseases are normally not covered till 4 years of the policy. Previously pre existing was not covered at all. However, now IRDA has made in mandatory for Insurers to cover pre existing after 4 claim free years. In fact, some insurers are also covering pre existing after 1 year like the Varishtha Policy of National Insurance

4) Diabetes and Hypertension can be covered in many policies from Day 1 on payment of extra premium. Else Diabetes will fall under the Pre Existing Clause

5) Maternity can be covered in companies like Apollo DKV and Max Bupa after a certain waiting period too

A pre-existing disease refers to any medical condition of an individual prior to the commencement of the policy. Now the policy may be effective for any other ailments in the first few years of the policy. Buy any claim filed for illness related to the pre-existing disease will not be covered in the first 1-4 years of the policy as stated in the policy document. This feature is most common in insurance policies designed for senior citizens. Also, the insurers may insist that you stick with the same insurer if you want the cover to continue without further waiting periods in future.

However, when a corporate takes a Group Policy for all its employees, they can customize the policy to remove the “waiting Period” clause and even “pre existing” disease or “maternity” can be covered from the first Day of the Policy.

For more details, feel free to mail to our Health Insurance Help Desk at health@healthandinsurance.in or call at (+91) 98 30 01 23 88

Healthy lifestyle

2011-07-14T00:38:00.000-07:00

It may be easy to forget the importance of living a healthy life when we’re going through the daily grind. It may be even easier to get caught up in what’s convenient instead of what’s good for us. However, the benefits you can enjoy with a healthy lifestyle are worth making healthy living a priority!

Here are three healthy living tips that can be used along with your adequate health insurance, to better your health, increase your happiness, and enjoy life to its fullest:

1. Rest and rejuvenate. The biggest healthy living tip that many people overlook is the need for sleep.

Life can get hectic. When we don't have enough time to get things done, most of us opt to stay up late to make up for the lack of time. Or perhaps our busy minds prevent us from getting a restful sleep in the first place. However, getting less sleep is actually counterproductive to doing anything efficiently, effectively, or well!

· Getting enough sleep enables you to work and pursue your passions vigorously. It rejuvenates your body, mind, and attitude. You should have an ergonomically correct mattress and pillow to ensure you get the best sleep possible.

2. Eat nutritious food. Another healthy living tip is to eat a healthy, balanced diet. Many people believe that they don’t need to eat nutritious food or watch their diet because they don’t need to lose weight. This couldn’t be further from the truth! You should put only the best foods in your mouth no matter how much you weigh, what size you wear, or how fit you look.

· What you eat affects your entire body, including your brain. By eating nutritious foods YOU CAN think clearer, feel happier, enjoy more energy and avoid illness and pay less medical insurance premium!!. Strive to eat more raw vegetables and fruits instead of processed or packaged foods.

3. Affirm the positive. Having a positive mindset is the key to living a fulfilling life. Many people don’t realize the importance of living and thinking positively. As a result, they inevitably find themselves allowing negative things to rule their mind and body.

· Your attitude is one of the most important contributors to both your happiness and health.

Like every other healthy living strategy mentioned, being positive all the time (or even most of the time) may take some effort. However, an easy way to incorporate positive thoughts into your everyday life is to use affirmations.

Many people use affirmations to help them think more positively as they go about their daily life. Positive affirmations are simply statements you can use to replace the negative thoughts running through your head.

· A good affirmation encourages you to live the healthiest lifestyle possible and be the best that you can be.

Positive affirmations often remind you about how important it is to take care of yourself. An example could be, "I can neutralize bad habits with good food, exercise, and healthy living."

This is a simple way to be reminded of how important your body is, and how important your mental health is and hence how to keep it healthy. This is more relevant in country like India. Health insurance in India is yet to reach the mass.

Hence self help is the best way to protect your health.

You have a whole toolbox and support system at your disposal to help make your life happier and healthier. All you have to do is take action!

Insurance Brokers ---- for you!

2011-06-06T01:40:00.001-07:00

Not everyone is aware of the concept of brokerage in Insurance. Well, people are not even aware of benefits of insurance, that’s why only 3% of Indians are insured. Irony is that 2% are insured either by govt. or by employer. If we want to define Insurance in one line, it will be ‘Insurance is all about transferring your risks’. Wow! In an economy where health expenditure can easily make a whole in your pockets, if given a chance why will not anyone go for health insurance or mediclaim? Sometimes…in fact most of the times, we think….this is not the right time….we are healthy enough….but think again…are you really healthy enough and there is no probability that you will fall sick? We feel that adversity will never knock on your door before arriving.

Trust us…BEST TIME to buy a health insurance policy IS NOW! Most of the policies have waiting period of 3/4 years for pre-existing diseases and for certain other diseases; there is a waiting period involved. Think about your parents, your dependent children….giving them a healthy future is the perfect gift.

So, where brokers come in picture? Brokers are an IRDA (Insurance Regulatory Development Authority) accredited firm who deal with all the insurance companies. The basic difference between an insurance agent and a broker is: broker will represent a client to the insurance company as compared to an agent who represents an insurance company to the client. Brokers under the strict guidelines of IRDA should have sound technical employees to deal with the clients. Brokers take full responsibility for your policy documentation, renewal and claim settlement.

HEALTH INSURANCE IS OUR BIRTH RIGHT and we all should avail it. Taking few minutes out of our busy schedules to invest for a healthy future is not at all a bad bargain.

Some health tips :)

2011-05-31T22:17:00.000-07:00

I know, you all must have read lot of health tips...and trust me its necessary....definitely...so some of the tips which I follow:

1.   Green tea is very helpful for preventing tooth decay, foot odor, diarrhea, stress, depression, heart diseases etc.
2. Vegetables should be sliced in bigger pieces so that its vitamin content remains intact...can tell your cook to do that
3.       Try and avoid excess sugar in your drinks like tea, coffee, fresh juice etc.....doable...very easily
4.       Mixture of lemon and honey not only helps in cough, but also lowers the cholesterol levels and keeps check on your waist line :) ....this one is the best one :P
5.       Including basils in your diet can be very effective for preventing many diseases like hepatitis, typhoid etc
6.       Dehydration is the worst we can do with our bodies since our bodies are made up of 70% of water, hence it’s important to drink sufficient water in order to keep your skin and body healthy... I always keep a water bottle handy
7.       Laughter is the best medicine as we all know, smiling on simple jokes relaxes your facial muscles.....life is too short to live....I can't afford to loose my time for stress, tension ...
8.       Try and take out some time for workout every day. This will not only keep you fit but also bring discipline to your body.....oh yeah
9.       The National Sleep Foundation recommends you switch to decaf--or nothing--at least six hours before bedtime to ensure your body is ready for rest
10.   Cigarettes contain strong stimulants that can keep you jittery for hours. And while you might feel drowsy after you have a drink or two, alcohol also has a stimulating quality that can keep you up at night
11.   Avoid escalators and lift whenever possible, take staircase instead....not when your office is on 15th floor....may be till 3rd floor take the staircase...then lift zindabad :)

Medicare Change Smooth So Far

2011-05-26T22:27:00.001-07:00

One of the most significant savings envisioned in the new health- care law - limiting payments to the private health plans that cover 11 million older Americans under Medicare - is, so far, bringing little of the turbulence that the insurance industry and many Republicans predicted.

The law, which sets in motion the broadest changes to the U.S. health-care system in decades, will hold down the amount of money the government gives to Medicare Advantage plans, which are available to patients who prefer a managed-care version of the program. The savings is forecast to amount to $145 billion by the end of the decade.

Whether the payment changes are warranted was a contentious subplot in the protracted debate over the legislation. Democrats argued successfully that the private plans were being overpaid and could withstand the changes. Republicans warned that such plans would raise prices, lower benefits or cause defections from the program, stranding the elderly people who rely on them.

New Rules Require Insurers To Spend More On Health Care

2011-05-26T22:26:00.000-07:00

Here a radical idea: What if health insurance companies had to spend most of the money they collect in premiums to provide actual health care for people they insure?

As part of the health care reform enacted by Congress, new federal rules announced last week will require exactly that.

Beginning next year, insurers will have to spend at least 80 percent of every premium dollar on health care. Those selling large-group coverage will have to spend 85 percent on care.

Insurance companies refer to the amount they spend on your health care as their "medical loss ratio" Those that do not meet the new standard will have to give rebates to their customers. As many as 9 million Americans could receive such rebates in 2012.

For about 180 million Americans with private health insurance — everyone who gets insurance through his job or buys it on his own — the new rules are a very good thing.

That especially true for people in the so-called individual market. Most Missourians who buy insurance on their own are covered by companies that now do not meet the new standard.