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10 Important Health Insurance Terms You Should Know

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  The importance of health insurance is growing each year. As the panic of the Corona pandemic has shown us, health is truly more important than anything. A good health insurance plan will ensure that your savings stay saved while you get first-rate and focus on recovery when a health crisis strikes. For this reason, you must choose a plan that suits your budget and coverage needs. However, like most insurance policies, health insurance has a set of jargon that can confuse a potential policyholder.    To help you out, we are explaining 10 important health insurance terms in this article that will hopefully help you in the process of choosing a good insurance policy. Let’s take a look.      1.Pre-existing diseases/conditions   The diseases or conditions that the policyholder has prior to purchasing the health insurance plan is referred to as pre-existing diseases. Usually, such diseases are excluded or there is a waiting period before they are covered.    2. Deductibles
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4 Reasons You Should Have a Personal Accident Insurance Policy

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  A personal accident insurance policy covers you against unforeseen accidents. In a day and age where accidents are common, it becomes important to ensure that one is financially prepared when such events strike. This policy is ideal for those who have dependents to take care of, as a bad accident can affect one’s ability to earn and support their family. Even so, many people do not think this type of policy is important to have as a part of their insurance portfolio.    In this article, we give you 4 reasons you should have personal accident insurance .     1. Your health insurance coverage may not be enough    Many people think that their Mediclaim policy will be enough when they suffer an accident. However, one needs to keep in mind that Mediclaim policies only help pay for the hospitalization expenses. The expenses paid would also be limited to the sum insured of the policy. In case the accident is severe and requires several procedures to recover the patient, the cost
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Looking at 4 Benefits of Cashless Health Insurance

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  One of the biggest difficulties one suffers during medical emergencies is the worry of arranging high amounts of cash to pay for the treatment of the patient. This pressure of paying heavy treatment costs often leads to more stress for the patient as well as the caretakers. Nowadays, there is one solution to this problem that is fast catching up - cashless health insurance . In this type of health insurance plan, the payment is handled directly between the insurer and the hospital. In this article, we look at 4 benefits a cashless health insurance plan can bring to you.    1. You do not have to pay cash upfront   Cashless health insurance eliminates the need to pay cash upfront for the treatment of the insured members. When the insured is admitted to a hospital or undergoes any procedure included in the policy, all they have to do is contact their insurer. Hospitals often have a desk where they accept requests for cashless treatment. All you would have to do is fill a form an
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5 Things You Need to Know About the Pradhan Mantri Fasal Bima Yojana

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  Agriculture is one of the most important sectors of our Indian economy. To ensure that this sector stays financially safe and progresses at the right speed, the government of India has developed the Pradhan Mantri Fasal Bima Yojana . It is a crop insurance scheme that aims to provide affordable crop insurance to farmers across the country. Launched in 2016 under the motto, ‘One Nation, One Crop, One Premium’, the insurance scheme has many interesting features to look for. Let’s consider them in detail.    1. Extensive coverage   The Pradhan Mantri Fasal Bima Yojana offers comprehensive coverage to crops against a variety of non-preventable risks. The risks covered include drought, dry spells, flood, inundation, storms, hailstorms, lightning, landslides, cyclones, pests, and diseases widely spread, fires caused due to natural reasons, and so on.    2. Additional coverage through add-ons    The state governments and UTIs can choose from a variety of add-on offered along
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5 Commonly Asked Questions on the Pradhan Mantri Fasal Bima Yojana

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  Launched in 2016 with an intention to cover the total sown area of the country, the Pradhan Mantri Fasal Bima Yojana (PMFBY) is a crop insurance scheme for all types of farmers. The motto with which this scheme was launched is “One Nation, One Crop, One Premium”. A crop insurance scheme that provides extensive coverage to farmers on several fronts was highly needed, and the PMFBY has filled that need adequately. Even so, the awareness regarding this useful scheme is quite less.  To help in this regard, we take a look at the top 5 FAQs on the Pradhan Mantri Fasal Bima Yojana and answer them for your benefit.    1. What are the objectives of the PMFBY?   The primary aim of this crop insurance scheme is to offer financial support to farmers when their crops suffer damages and losses. Thus, it wants to make crop insurance accessible to all farmers at an economical price. The scheme also has an objective to ensure that farmers’ incomes do not get hit adversely as a result of crop d
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