Top 10 Health Insurance Companies in India for FY 2016-17. Every year, Insurance Regulatory and Development Authority of India (IRDA) announces a list of the best health insurance companies. There are few important features that help it to rate the insurance companies, such as their performances, Incurred Claim Ratio, and overall benefits offered to their customers. Lets us read about top ten health insurance companies in India. 1) Apollo Munich Health Insurance Company Limited Apollo Munich Health Insurance Company had an outstanding record of Incurred Claim Ratio of 63.03% for the fiscal year 2014-15, and it has brought additional benefits like portability and lifelong renewability options in its existing health insurance plans.
Read more 2) Star Health & Allied Insurance Company Limited Star Health & Allied Insurance Company recorded the Incurred Claim Ratio of 63.96% for the fiscal year 2014-15. 3) Max Bupa Health Insurance Company Limited 4) ICICI Lombard General Insurance Company Limited 5) Religare Health Insurance Company Limited Collapse. Driving Any of These Unsafe Cars in India? Get Car Insurance Now!! Knowing about good cars is great. Knowing risks involved in driving is good, whereas being able to eliminate them is great! But, how you can manage those risks? Here, we explain some ideas that will help you to manage risks related to driving. These ideas will make you feel like you have driving superpowers. The reasons behind accidents in India can be many, but we can’t ignore the major reason that is the condition of roads in India. This is where you need a wheel and a prayer to survive, in case you meet with an accident on Indian roads. According to New Car Assessment Programme (NCAP) – (an organization that conduct tests to evaluate cars on the basis of safety) Tata Nano, Alto 800, Maruti Swift, and Hyundai i10, Datsun Go –failed NCAP’s tests and were declared to have high probability of life-threatening injuries and damages, in case they meet with an accident.
They crash the vehicle and rate them on the basis of damage occurred. Now, I have put all your queries in one place. Collapse. Section 80C | Deduction Under Section 80C of IT Act, 1961. Under Section 80C of the Income Tax Act of 1961, a taxpayer is allowed certain deductions that allow him to lower his tax liability against his taxable income. These deductions are as per Budget 2016 and are applicable for AY 2014-15, AY 2015-16, AY 2016-17, and AY 2017-18. Tax deductions are offered for the taxpayer to save tax and to lower the amount of tax he needs to pay. The amount varies with the type of deductions you are claiming. It could be for medical expenses, tuition fees, or donations! These tax exemptions are offered by the Government as a type of encouragement to individuals and corporations to provide for social causes. What Tax Deductions Fall Under I-T Section 80C An individual and HUFs can claim deductions under Section 80C on payments made to the following: Rs.150,000 is the maximum deduction that can be claimed under Section 80C and all its subsections combined.
Subsections of Section 80C, Income Tax Act, 1961 1: Section 80CCC 2. 3. 4. Tax Saving FDs. 5 Things to Check before buying Two Wheeler Insurance. To Remember: The premium of your Two Wheeler depends on its model, city of registration, engine faculty and Coverage Type. The cost of premium differs from city to city, while if your Two Wheeler is higher of price, the premium you will pay for it is higher. Similarly for Engine Faculty, the higher it is, the higher the premium. Under any circumstance, do not opt for lower IDV to save on the premium, because it might cause insufficient coverage amount in case of a claim. 2.) Coverage – Its Types and Benefits: Under the Motor Vehicles Act 1988, it is binding by law to hold a Third Party Liability Insurance. This cover compensates any person or property injured/damaged through your Two Wheeler.
Do remember that it does not cover your Two Wheeler or yourself against any harm or damages. 3.) 4.) Ensure you get the proper and precise IDV: As already mentioned above, higher the IDV—higher is the premium. However, find below an enlistment of the major ones. Exclusions: Inclusions: 5.) 3 Simple and Easily Followed Rules for Amazing Health – Harcourt Health. It seems quite difficult to stay healthy in today’s age. What can be the reason behind the fact that we are not healthy at all? Did you see any key points that we’re missing while planning our everyday diet plan?
I’m also sure that you do skip exercise, which is a key point to include in your daily routine when you plan it. These days, we see so many advertisements on TV, which target different health tips while some of them recommend special diet plans for individuals from different age groups. Exercises Keep You Healthy and Fit Physical exercise is a great way to boost your metabolism, and hence, to keep you healthy and fit. The time has not run out, and you still can gain a healthy body by putting the following health tips to practice in your daily routine: Cut Down Your Toxic Intakes Things we eat and drink nowadays are absolutely toxic to us.
Train Like A Man The workout is essential if you seek a healthy physique of yourself. Take A Sound Sleep Recommendations. Do You Really Need Gap Insurance for Your Two Wheeler? Now-a-days market is flooded with many types of insurance plans. Among these plans, motor insurance plans are getting popular day by day. Millions of people love to commute through two wheelers as it reduces journey time while saving great on maintenance cost. Being a prized possession, two wheelers also can be insured. Two wheeler insurance comes with an option called Gap Insurance. What Is ‘Gap Insurance’? Gap insurance is a sort of motor insurance that car owners can opt to protect themselves against the loss arising from any damage or accident when the compensation amount received from the insurer fails to cover the total amount on the vehicle’s financing agreement or lease agreement.
Benefits of Gap Insurance Gap insurance helps the car owners money-wise by reducing the down payments. Disadvantages of Gap Insurance 1. 2. 3. Who Should Buy Gap Insurance? Gap insurance can offer comfort to those owners who have paid little amount as down payment while buying the two-wheeler. Conclusion: All You Need To Know About “No Claim Bonus” on Car Insurance. Car has become a basic need of everyday life. It is your most reliable mean of travelling to cut off hassle and to save time. Apart from your car, you need to take care some of the points related to thecar insurance. In India, it is mandatory to take insurance for all the cars running on the public roads. This insurance should cover Third Party Liability which means any loss or damage to the third party done by your car will be compensated by the insurer.
With the car insurance, comes attractive offers and “No Claim Bonus” (NCB) is something that can really benefit you hugely. What is No Claim Bonus? If a car owner did not make any claim regarding loss or damage covered under the car insurance in the preceding years then the policy-holder is liable for No Claim Bonus. What Are The Conditions?
How Much Discount Can Be Accumulated? No Claim Bonus can give you discounts on your car insurance premium and it ranges from 20% - 50%. Can NCB Be Terminated or Waived? 1. 2. Conclusion: The Next Ten Years will be the Age of Insurance Aggregators. Back in the 90s, insurance was bought mostly through an agent, where the agent would recommend a plan, explain its benefits, help fill in the policy documents and then periodically collect the cheque for the premium payments. The insurance market has dramatically changed since, with the methods of selling insurance having evolved as a result of the internet boom. You can now buy not only products and foodstuffs online, but insurance products as well. A large number of private players have entered the insurance market over the past few years.
They offer a wide array of insurance products, where customers can evaluate the terms and conditions of each insurer, and then pick the plan that is in line with their budget, expectations and individual requirements. With the growing need for customers to compare insurance products before making a purchase, the concept of insurance aggregators was introduced. Growing popularity of insurance aggregators Role and function of insurance aggregators. Make Sure You Have Travel Insurance before Visiting These Places. Caution! Do not read if you are not daring enough or have a weak heart. This blog is for those who are globetrotters and people seeking adventurous places to visit across the globe. To visit these spooky places, you need to be daring enough, as they will scare the hell out of you.
Doing similar things again and again won’t give you different results; likewise, going on a regular vacation with no zing and fun will snatch away the essence of vacationing. Traveling is a break from your regular tiring life and induces energy, motivation, and zest to endure the harsh life. One cannot speculate all kinds of travel dangers, as they might vary from one place to another. Let’s explore! The Kokoda Trails The Kokoda Trails are humid, treacherous, hot and leech-infested territory, which spreads across 100 kilometers in the southern and northern side of Papua New Guinea. Thousands of people smack out their funk to trek in the deadly trails, which are no less than a lion’s den. El Caminito Del Rey. Health insurance policies 3 Tax Benefits of Health Cover - ForexFog Blog. Most industry barons and financial experts suggest you invest in an adequate health cover before you jump into action and health insurance policies start sketching a financial plan.
In fact, it remains crucial for anyone to invest in a comprehensive health plan to ensure iron-clad insurance cover for self and loved ones. Health insurance not just lends a financial support to you during the times of medical emergencies; it also offers you umpteen tax benefits. The health insurance premiums that you pay help you reduce your taxable income, thereby reducing your tax liabilities. Here, we present 3 tax benefits of health insurance plans. Tax Benefits for Premium Paid – If you’ve been paying the premiums for the health insurance policies of your elderly parents, you qualify for a tax relaxation under Section 80D of the Income Tax Act. Here it is important to remember that intent of tax relaxation depends on the age of the insured for whom you’re paying the premium.
Bonus Points: Over to You! The Role of Insurance Aggregators: Awareness and Beyond. In 2014, 10.4% of the US population lacked health insurance cover. In comparison, only 17% of the Indian population had coverage. Clearly, awareness and access to insurance has still not spread worldwideand the recent boom in insurance aggregators, fueled by technological advancement and cost-effective devices,is trying to bridge this gap. But how far are they succeeding? To answer this question, it is important to first understand what insurance aggregators are. Essentially, they are comparison-cum-shopping sites for insurance policies, which try to put the customer first. The traditional way to purchase insurance comes with a number of problems that can be surmounted by online aggregators.
Firstly, insurance agents are associated with a particular insurance provider and will try to boost their sales. Secondly, access to insurance agents and physical centers of purchase is limited by geography. The insurance-aggregator trend has its own variations. Top 5 Ways to Save Money on Health Insurance Right Now. What do you think is the best and most industrious way to ensure the protection of your health? I bet a health insurance policy because of the unprecedented benefits. If you have health insurance, then you do not necessarily need to worry about your medical expenses and hospital bills. However, things are not ideal every time and you cannot escape extreme atmospheric conditions and so do health issues.
Before we proceed further, let me ask you, do you have a health insurance policy? I suppose not. What could be the reason you never experienced the need of health insurance? Don't Miss a Single Blog Post Sign up for our FREE newsletter Get new articles, advice, tips, and money hacks delivered right in your email inbox! Understanding Premium & Making It Affordable The term premium refers to the amount of money you are liable to pay to your insurer so as to avail certain benefits in particular. 1. Thus, it is evident that you will pay a lesser premium at a young age. 2. Shop Around Compare Plans. Stay Healthy with an Adequate Health Insurance Investment - Everybody Loves Your Money. Life is full of unexpected twists and turns. Though all of us try hard to plan for the road ahead, it is difficult to know what is round the corner. Have you ever thought what you would do if your child fell ill or your father developed diabetes?
According to a recent report, one in four households take resort to either borrowing money or selling valuable assets to finance healthcare costs. This might mean that in Zimbabwe the family’s peanut crop is bartered away or in United States one resorts to internet-based crowd-funding to raise adequate funds. This dilemma which people face for health related expenses is not new. Opting for a health cover Have you financially protected yourself against a situation where you are diagnosed with a serious illness? Why do you need health insurance? Medical bills can weigh you down if you are not covered; more so if you have a family. Top reasons why you need health insurance early in life Health insurance for mental diseases.
Why Innovation in the Health Care Industry Is Difficult. Saturday, August 27, 2016, AM | Across the world, healthcare and its related industries are emerging as the new frontiers of innovation. Traditional models of healthcare delivery have been upended with the emergence of cutting-edge technologies that range from IoT-driven patient care to medical applications for 3D printing. According to data released by the World Bank, healthcare expenditure accounted for up to10 percent of the world’s Gross Domestic Product (GDP) in 2014. And this does not just include the usual roll call of candidates from developed economies. Economies from OECD countries have averaged a growing healthcare expenditure rate of 12.4 percent from 1995 to 2014. In the US, healthcare is a thriving industry with an annual spending of $3 trillion every year. However, emerging economies of Sub-Saharan Africa, Asia and Latin America have actively absorbednew medical innovationsand are in the process of expanding their healthcare sector.
Healthcare is not a monolithic space. Valuable Tips to Make High Deductible Health Plans Affordable – Finance & Insurance. If you have been wanting to reduce your health insurance premium, one route is high deductible health plans (HDHP). However, the downside is that these plans come with a much higher deductible and a higher out-of-pocket cap on your healthcare spending. Unlike conventional plans where out-of-pocket expenses can be flexible, most of HDHP put strict caps on healthcare spending for prescription drugs and in-network care.
For a relatively low premium, the insurance will not kick in till you have met your deductible. When to opt for an HDHP The deductible can be defined as the out-of-pocket expenses which you pay before your insurer pays anything. In 2016, as per the Internal Revenue Service (IRS), an HDHP requires you to pay a deductible of at least $1300 if you have opted for an individual plan or at least $2600 deductible if you have a family plan. Foregoing Medical care is common When deductibles become costly By now you must have deciphered the hidden costs associated with an HDHP. Employer Based Health Insurance vs. Individual Health Plans. Top 5 Eye-opening Tips on Health Insurance - GetMoneyRich.com. 3 Most Important Mantras of Life to Stay Healthy | Health & Wellness | Idiots's Guides. How Small-Scale Business Owners Can Secure Their Company’s Future.
7 Money Saving Tips for Entrepreneurs. Government Health Insurance Entities Need Renovation to Counter Private Players. What You Need To Know About High Deductible Health Plans. The Necessity of Consulting a Financial Advisor for Health Insurance Needs | BusinessBlogs Hub. Top12 Schemes Initiated and Revived by Modi Government. 15 Quick Ways to Save Money on Healthcare - GroundReport. Comparing Top 10 Senior Citizen Health Insurance Plans in India - Zephirmail. How ObamaCare Supports a Smoke-free Healthy Lifestyle - GroundReport. How the Obama Administration is Limiting Short-term Health Insurance Policies | Health Blog. Business Travel Insurance or a Health Cover? Here's What You Should Buy While Travelling to India.
The Next Ten Years will be the Age of Insurance Aggregators. The Cycle of Expenses: Lower Oil Prices vs. Higher Policy Prices | Huffington Post. 5 Simple Ways to Save Money on Health Insurance | Huffington Post. 5 Tax-saving Tips for Entrepreneurs | Huffington Post. Money For Lunch – How to Enhance your Employer’s Health Insurance Coverage? 5 Reasons you Need Health Insurance Before you Turn 30 - Zephirmail. Importance of Financial Compatibility for Newly Weds in India. Understanding Pre Policy Medical Check Ups and its Importance. Why you Should Include Health Insurance in Your Investment. Affordable Care Act Analysis, Insurer Participation and Premium Changes in 2016. Health Insurance Tax Benefits Under Section 80D. How to Claim Insurance After Your Car Is Stolen?