Buying health insurance for the first time? 5 things you must check
Can your health insurer use the ‘material change’ clause to raise premiums or reject claims? Know your rights
Health insurance policy renewals are standard. However, some health insurance companies are introducing a 'Material Change' clause in their health policies, prompting policyholder concerns. This clause allows insurers to alter premiums and policy terms. Experts suggest this may conflict with IRDAI regulations. Read on to find out how you can handle such situations and understand your rights under IRDAI regulations.
How smoking and alcohol affect health insurance premiums and claims in India?
Excessive smoking and alcohol consumption don’t just affect your health, but also influence how insurers assess risk, determine premiums and pay your claims.
Why health insurance claims get rejected in India and how to fix the trust deficit?
Once there is a claim, especially a large one, some insurers slam the brakes and initiate in-depth investigations that should have been done at the onboarding stage. All too often, customers end up being labelled “fraud” and claims are rejected or policies cancelled. Such a defensive and sceptic stance comes as a shock to customers.
Up to Rs 7 lakh insurance cover for every salaried employee: How family of deceased EPFO member can claim this EDLI cover amount
The Employees’ Deposit Linked Insurance (EDLI) Scheme offers lump sum death benefits to private sector employees, ranging from Rs 2.5 lakh to Rs 7.5 lakh. Recent amendments ensure a minimum of Rs 50,000 even for early deaths and consider gaps in service continuity for eligibility.
