health insurance – Health Insurance and Hospitals 9886568000

Health and Term insurance with mutual funds

Online updates — Sun, 02 Mar 2025 08:38:30 +0000

Health and Term insurance with mutual funds

A Complete Financial Planning for Lifetime Independence

Whatever you do, plan before you do. No one had lost due to planning. You should know what you need and plan accordingly. Plan for your Financial independence is a goal that everyone aspires to achieve. It means having the freedom to live life on your own terms without depending on anyone else, including employers or family members. A well-rounded financial plan that includes health insurance, term insurance, and mutual funds can help you achieve this goal. Together, these three components create a robust safety net and a wealth-building strategy that ensures financial security throughout your lifetime. Mutual fund returns are subject to market conditions, but long-term investing and planned withdrawal will help the investor beat inflation.

Health Insurance: Protecting Your Well-Being

Health emergencies can strike at any time, and the rising cost of medical treatments can derail even the best-laid financial plans. Health insurance acts as a shield, protecting you and your family from unexpected medical expenses. Here’s why health insurance is a must-have:

- Covers Medical Expenses: From hospitalization to surgeries and critical illnesses, health insurance ensures you don’t have to dip into your savings during medical emergencies.
- Cashless Treatment: Most health insurance policies offer cashless treatment at network hospitals, reducing the financial burden during emergencies.
- Tax Benefits: Premiums paid for health insurance are eligible for tax deductions under Section 80D of the Income Tax Act, making it a tax-efficient investment.

By securing a comprehensive health insurance plan, you ensure that your savings and investments remain intact, even in the face of health-related challenges.

Term Insurance: Safeguarding Your Family’s Future

While health insurance protects you during medical emergencies, term insurance ensures your family’s financial security in your absence. Term insurance is a pure life cover that provides a lump sum payout to your beneficiaries in case of your untimely demise. Here’s why term insurance is essential:

- Affordable Premiums: Term insurance offers high coverage at relatively low premiums, making it an affordable way to secure your family’s future.
- Financial Security for Dependents: The death benefit from term insurance can help your family pay off debts, cover living expenses, and maintain their standard of living.
- Peace of Mind: Knowing that your loved ones are financially protected allows you to focus on your goals without worry.

Term insurance is the foundation of any financial plan, ensuring that your family’s needs are met, no matter what.

Mutual Funds: Building Wealth for the Future

While health and term insurance provide protection, mutual funds are the key to building long-term wealth. Mutual funds allow you to invest in a diversified portfolio of stocks, bonds, and other securities, managed by professional fund managers. Here’s how mutual funds contribute to financial independence:

- Systematic Investment Plans (SIPs): SIPs allow you to invest small amounts regularly, making it easier to build wealth over time. This disciplined approach helps you take advantage of market fluctuations and benefit from the power of compounding.
- Diversification: Mutual funds spread your investments across various asset classes, reducing risk and maximizing returns.
- Flexibility: With a wide range of mutual fund options (equity, debt, hybrid, etc.), you can choose funds that align with your risk appetite and financial goals.
- Long-Term Wealth Creation: Mutual funds have the potential to deliver higher returns compared to traditional savings instruments, helping you achieve goals like retirement, children’s education, or buying a home.

By investing in mutual funds, you create a source of passive income and build a corpus that can sustain you throughout your lifetime.

Combining Health Insurance, Term Insurance, and Mutual Funds

The combination of health insurance, term insurance, and mutual funds creates a comprehensive financial plan that addresses both protection and growth. Here’s how they work together:

- Health Insurance: Protects your savings from being wiped out by medical emergencies.
- Term Insurance: Ensures your family’s financial security in your absence.
- Mutual Funds: Helps you grow your wealth and achieve long-term financial goals.

This three-pronged approach ensures that you are prepared for life’s uncertainties while also building a secure financial future.

Why You Don’t Need to Depend on Anyone Else

Relying on a company health and life insurance or others for financial security can be risky. Job losses, economic downturns, or changes in personal relationships can leave you vulnerable. By creating a financial plan that includes health insurance, term insurance, and mutual funds, you take control of your financial destiny. Here’s how:

- Self-Reliance: You are no longer dependent on an employer or anyone else for financial security.
- Flexibility: You can adapt your investments and insurance coverage as your life circumstances change.
- Peace of Mind: Knowing that you and your family are protected allows you to focus on living life to the fullest.

Health insurance, term insurance, and mutual funds are the pillars of a complete financial plan. Together, they provide protection, security, and growth, ensuring that you are prepared for life’s challenges and opportunities. By investing wisely and securing the right insurance coverage, you can achieve financial independence and live life on your own terms. Remember, you are your own boss, and with the right financial planning, you can create a lifetime of security and prosperity.

Call 9886568000 for more information

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Buy a Health Insurance policy

Online updates — Sat, 15 Jun 2024 15:07:14 +0000

Buy a Health Insurance policy

Affordable health insurance plans

Health insurance is a critical component of financial planning, providing a safety net against unforeseen medical expenses. Since 2007, Shivakumar has been guiding individuals in choosing the right health insurance policies. This guide will explore the importance of health insurance, tips for finding affordable options, understanding cashless benefits, restoration and recharge features, best claim settlement practices, and the significance of after-sale services. We’ll also address frequently asked questions to help you make an informed decision.

Why Buy a Health Insurance Policy?

Health insurance is essential for several reasons:

1. Financial Protection: Covers medical expenses, reducing the financial burden during emergencies.
2. Access to Quality Healthcare: Ensures timely and appropriate medical treatment.
3. Preventive Care: Covers preventive services and regular check-ups, promoting long-term health.
4. Tax Benefits: Premiums paid for health insurance are eligible for tax deductions under Section 80D of the Income Tax Act in India.

Finding Affordable Health Insurance

1. Compare Plans: Use online comparison tools to compare premiums, coverage, and benefits from various insurers.
2. Consider Your Needs: Choose a plan that matches your healthcare needs and budget.
3. Opt for Family Floater Plans: These plans cover the entire family under a single premium, often more cost-effective than individual policies.
4. Look for Discounts: Many insurers offer discounts for long-term policies or online purchases.
5. Healthy Lifestyle Discounts: Some insurers provide lower premiums for policyholders who maintain a healthy lifestyle.

Understanding Cashless Benefits

Cashless benefits are a significant advantage of modern health insurance policies. Here’s how they work:

1. Network Hospitals: Insurers have tie-ups with various hospitals where policyholders can avail of cashless treatment.
2. Simplified Process: The insurer directly settles the medical bills with the hospital, reducing out-of-pocket expenses for the insured.
3. Emergency Situations: In emergencies, cashless benefits ensure immediate treatment without worrying about arranging funds.

Restoration and Recharge Features

Restoration and recharge features are relatively new but highly beneficial aspects of health insurance:

1. Restoration Benefit: This feature restores the sum insured if it gets exhausted during a policy year. For example, if you have a policy with a sum insured of ₹5 lakhs and you claim the entire amount, the insurer will restore the ₹5 lakhs for future claims within the same policy year.
2. Recharge Benefit: Similar to restoration, the recharge benefit automatically reinstates the sum insured if it gets depleted. However, this feature may come with specific conditions, such as the recharge amount being available only for unrelated illnesses.

Best Claim Settlement Practices

A high claim settlement ratio indicates an insurer’s reliability. Here are some tips for ensuring a smooth claim process:

1. Choose a Reputable Insurer: Research insurers’ claim settlement ratios and customer reviews.
2. Understand Policy Terms: Be aware of inclusions, exclusions, waiting periods, and sub-limits.
3. Keep Documentation Ready: Maintain all necessary documents, including medical records and bills.
4. Timely Claim Submission: Submit claims promptly with all required documents to avoid delays.
5. Seek Assistance: Don’t hesitate to contact the insurer’s customer service for guidance during the claim process.

Importance of After-Sale Services in all insurance plans

After-sale services play a crucial role in ensuring customer satisfaction and policyholder retention. Key aspects include:

1. Customer Support: Access to 24/7 customer support for queries and assistance.
2. Policy Renewal Reminders: Timely reminders for policy renewal to avoid lapse in coverage.
3. Health Check-Up Facilities: Complimentary health check-ups and wellness programs.
4. Grievance Redressal: Efficient handling of grievances and complaints.

Frequently Asked Questions to buy a health insurance policy

Q1. How do I decide the sum insured amount?

A1. Consider factors like age, health condition, family size, and medical costs in your city. A higher sum insured is advisable for comprehensive coverage.

Q2. What are pre-existing diseases, and how do they affect my policy?

A2. Pre-existing diseases are medical conditions diagnosed before buying the policy. Insurers may impose a waiting period before covering these conditions.

Q3. How can I ensure a smooth claim process?

A3. Understand your policy, keep necessary documents ready, and submit claims promptly. Contact customer support if needed.

Q4. What is the difference between individual and family floater plans?

A4. Individual plans cover one person, while family floater plans cover multiple family members under a single sum insured, often at a lower premium per person.

Q5. Can I port my health insurance policy?

A5. Yes, policyholders can switch insurers without losing continuity benefits, such as waiting periods for pre-existing conditions, through the porting process.

Q6. What are critical illness policies?

A6. Critical illness policies provide a lump-sum payout upon diagnosis of specified serious illnesses, such as cancer or heart disease, regardless of actual treatment costs.

Q7. How do no-claim bonuses work?

A7. No-claim bonuses reward policyholders for not making claims in a policy year, typically by increasing the sum insured or offering a premium discount.

Choose and buy a health insurance policy that requires careful consideration of various factors, from affordability and coverage to claim settlement and after-sale services. Since 2007, Shivakumar has been helping individuals navigate this complex landscape, ensuring they receive comprehensive and reliable health coverage. By understanding the key benefits and features of health insurance, you can make an informed decision that safeguards your health and financial well-being.

Buy a Health Insurance policy by calling 9886568000

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What is not covered by health insurance?

Online updates — Wed, 03 Apr 2024 06:48:51 +0000

What is not covered by health insurance?

The world of health insurance can often feel like a complex puzzle, particularly when trying to understand what is and isn’t covered by a typical health insurance plan. While specific coverages can vary significantly from one policy to another, certain exclusions commonly appear across the board. Understanding these exclusions is crucial for policyholders to avoid unexpected expenses and make informed decisions about supplemental coverage or savings. Here’s an overview of what is typically not covered by health insurance. Cashless treatment is preferred in almost all health insurance plans.

1. Pre-existing Conditions (Initially)

Many health insurance policies exclude coverage for pre-existing conditions, at least for a specified waiting period. A pre-existing condition is any health issue that was diagnosed or treated before the start of the insurance policy. However, the definition and the duration of the waiting period can vary between insurers. Some policies may eventually cover these conditions after the waiting period has passed, typically ranging from a few months to several years.

2. Cosmetic Surgery

Cosmetic procedures that are performed for aesthetic reasons, rather than medical necessity, are generally not covered by health insurance. This includes surgeries like facelifts, liposuction, and elective cosmetic dental procedures. However, reconstructive surgery following an accident or surgery to correct a congenital anomaly might be covered.

3. Dental and Vision Care (Typically)

Standard health insurance plans often exclude routine dental and vision care, including eye exams, glasses, contact lenses, dental exams, cleanings, fillings, and dentures. Some insurers offer separate dental and vision plans or riders that can be added to your health insurance for an additional cost.

4. Alternative Therapies

Many health insurance policies do not cover alternative or complementary therapies such as acupuncture, homeopathy, naturopathy, and chiropractic services. Coverage for these services is increasingly common, but it is far from universal and often requires specific riders or additional policies.

5. Infertility Treatments

Infertility treatments, including in vitro fertilization (IVF), are often excluded from health insurance plans. Some states and policies may offer limited coverage, but typically, these treatments are considered elective and require out-of-pocket payment.

6. Elective Procedures

Procedures deemed non-essential or elective are usually not covered. This can include elective abortions, some types of bariatric surgery (unless medically necessary), and gender reassignment surgery, depending on the policy and the legal framework of the location.

7. Travel Vaccinations and International Treatment

Travel vaccinations are generally not covered under health insurance plans. Moreover, receiving medical treatment abroad is often excluded unless the policy specifically includes international coverage or is designed as a travel health insurance plan.

8. Experimental Treatments and Off-label Drug Use

Treatments that are considered experimental or investigational are typically not covered. This can include new drugs, innovative therapies not yet widely accepted, or off-label drug use (using a drug for a condition other than the one it was approved for).

Conclusion

Understanding what is not covered by your health insurance policy is as crucial as knowing what is covered. It helps you plan for out-of-pocket expenses and decide whether you need additional coverage. Always review your policy’s summary of benefits and exclusions carefully, and consult with your insurance provider to clarify any doubts. Being well-informed enables you to navigate the healthcare landscape more effectively and make choices that best suit your needs and financial situation.

Call 9886568000 to buy a health Insurance policy

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Dharamshila Narayana Superspeciality Hospital Delhi

admin — Fri, 25 Aug 2023 14:46:58 +0000

Dharamshila Narayana Superspeciality Hospital

Vasundhara Enclave,

Near New Ashok Nagar Metro Station,

Dallupura, New Delhi, Delhi – 110096

HELPLINE: 180 0309 0309

EMERGENCY: 080 6750 6880

EMAIL: info.dnsh@narayanahealth.org

Website: https://www.narayanahealth.org/hospitals/location/delhi

Dharamshila Narayana Superspeciality Hospital Delhi

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Dr. Shweta’s Dental Clinic New Delhi

admin — Sat, 19 Aug 2023 12:56:42 +0000

Dr. Shweta’s Dental Clinic

D – 42 New Delhi, Delhi – 110019

Phone: 09811227991

Email; drpuneetbatra@dentistindia.in

Website: https://www.facebook.com/dentistryatbest/

Dr. Shweta’s Dental Clinic New Delhi

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