In a country where home remedies are very common and a large number of people have faith in Ayurvedic treatment and Homeopathic treatment-Is it not surprising that Insurance companies do not cover these systems of treatment?
Now the change is coming.Iffco Tokio now covers Ayurvedic treatment while for post hospitlization treatment Star Health will cover the Homeopathic treatment.
Monday, 24 September 2007
Sunday, 23 September 2007
Now HIV patients will be able to buy Health Insurance
Star Health and Allied Insurance Company, is all set to offer India’s first-ever insurance policy for HIV patients, based on the stage of the disease. This is a news,which brings comfort to those wo have been suffering from this disease ,which needs expensive medicines for treatment.
Patients with HIV, who were so far denied medical insurance, will now have the comfort of applying for health cover. The insurance policy for HIV patients, will be issued on the stage of the disease. The company will tie up with 1,800 hospitals and labs to conduct the CD4 test for patients seeking insurance. Dr Mohammed Arif, the officer in charge of the policy, said, “Our officers would approach government agencies, NGOs, societies and other registered bodies for creating awareness about the policy.” There is no age limit for the policy. A pre-insurance medical test would be conducted on people wishing to apply for it, which would include a CD4 test. Only those with a CD4 count of more than 350 would be covered. The cost of the tests would be borne by Star Health, added Dr Arif. happened thereafter.”
Premium rates are awaited .
Patients with HIV, who were so far denied medical insurance, will now have the comfort of applying for health cover. The insurance policy for HIV patients, will be issued on the stage of the disease. The company will tie up with 1,800 hospitals and labs to conduct the CD4 test for patients seeking insurance. Dr Mohammed Arif, the officer in charge of the policy, said, “Our officers would approach government agencies, NGOs, societies and other registered bodies for creating awareness about the policy.” There is no age limit for the policy. A pre-insurance medical test would be conducted on people wishing to apply for it, which would include a CD4 test. Only those with a CD4 count of more than 350 would be covered. The cost of the tests would be borne by Star Health, added Dr Arif. happened thereafter.”
Premium rates are awaited .
Health Insurance Summit in Mumbai on Oct 5
CII is organizing Health Insurance Summit 2007 in Mumbai on Oct 5.This is a good sign ,which shows the importance which Health Inusrance is getting in the country.
You may visit CII site for details
You may visit CII site for details
Now OPD cost can be covered under Health Insurance
We are feeling the impact of market economy in a big way as ICICI Lombard has introduced a new health insurance product called Health Advantage. This is the first product to cover OPD bills paid for consulting doctors/dental treatment expenses/ over the counter purchase of medicines and orthopaedic treatment. It also covers surgeries, accidents and sudden illnesses that usual health insurance products do not cover.
Naturally nothing comes free in this world and you have to pay a cost for the everything which is worthwhile.But all this is at a cost. The premiums for the policy are three times the premiums you might be paying for ordinary health policies.
The Tax advantage is significant as the policy is specially designed to give the customer tax benefit of Rs 15,000 (Rs 20,000 for senior citizens) under Section 80D. Says ICICI Lombard’s marketing head Karthik Jain, “This policy would be most suitable for people who fall under the higher tax slab of 30 percent.”
Cover. Health Advantage covers all preexisting diseases if the policy is renewed for the third consecutive year. In contrast, most healthcare policies cover pre-existing diseases only after the fourth or fifth continuous renewal.
Premium advantage. The premium has been fixed at Rs 15,000 for ages 5 to 60, and Rs 20,000 for ages 61 to 70. The same premiums are charged for a sum assured of Rs 2 lakh or Rs 3 lakh with different sets of benefits. There are two types of benefits that the policy extends: hospitalization expenses and outpatient treatment expenses. In a Rs 3 lakh cover, the hospitalization expenses get increased by another Rs 1 lakh, but the outpatient expenses are reduced by Rs 500.
We are getting more details of this policy and will cover in another blog in a day or so.
Naturally nothing comes free in this world and you have to pay a cost for the everything which is worthwhile.But all this is at a cost. The premiums for the policy are three times the premiums you might be paying for ordinary health policies.
The Tax advantage is significant as the policy is specially designed to give the customer tax benefit of Rs 15,000 (Rs 20,000 for senior citizens) under Section 80D. Says ICICI Lombard’s marketing head Karthik Jain, “This policy would be most suitable for people who fall under the higher tax slab of 30 percent.”
Cover. Health Advantage covers all preexisting diseases if the policy is renewed for the third consecutive year. In contrast, most healthcare policies cover pre-existing diseases only after the fourth or fifth continuous renewal.
Premium advantage. The premium has been fixed at Rs 15,000 for ages 5 to 60, and Rs 20,000 for ages 61 to 70. The same premiums are charged for a sum assured of Rs 2 lakh or Rs 3 lakh with different sets of benefits. There are two types of benefits that the policy extends: hospitalization expenses and outpatient treatment expenses. In a Rs 3 lakh cover, the hospitalization expenses get increased by another Rs 1 lakh, but the outpatient expenses are reduced by Rs 500.
We are getting more details of this policy and will cover in another blog in a day or so.
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