
PolicyX's Health Insurance Price Index witnessed a major shift in Q2 2021 with an increase of 4.87% to Rs 25,197

The purpose of health insurance is to act like a financial shock absorber that prevents your personal savings from the impact of rising medical costs

Read your policy terms and conditions carefully to understand what is included and excluded under AYUSH treatment
After the severe second wave of covid-19 infections, the need for having a health insurance plan has become even more important

Insurers either not offering group covid cover policies or have sharply increased the premium rates making it unviable for corporates

It is always advisable to have a basic health insurance policy first and then increase its coverage by buying a top-up policy

IRDAI has allowed insurers to offer "homecare/domiciliary treatment" as an add-on cover, which can be bought with new as well as existing policies

Not only big corporates but also MSMEs have started opting for health insurance covers amid the second wave of Covid-19

Gifting your father a comprehensive health insurance policy is a good idea not just for him but it can also be extended to the entire family

One has to be clear on why they are making the switch. This is to ensure that you know which benefits to look for when you zero in on the next plan