Please suggest me a policy which covers pre existing diseases in a lesser period?

In Star Senior Citizens Red Carpet all pre-existing diseases are covered from first year, except those for which treatment or advice was recommended by or received during the immediately preceding 12 months from the date of proposal. Disease for which treatment or advice was recommended by or received during the immediately preceding 12 months from the date of proposal will be covered from second year onwards. To read more benefits see Star Senior Citizens Red Carpet- Worth Considering

I want a senior citizen policy in India which has maximum renewal age?

Turning sixty is a major milestone and for people, a time to start being more careful about their health. It is a matter of concern that insurance policies are hardly available to address this critical requirement. Star Senior Citizens Red Carpet is designed specifically for senior citizens. It provides cover for anyone over the age of 60 and permits entry right up to the age of 69 with continuing cover after that till 80. To read more policy benefits or features see Star Senior Citizens Red Carpet- Worth Considering

Do you get health insurance if you are an overweight?

Today, with India’s changing lifestyles, there are rising BMIs and increasing waistlines. According to World Health Organization, by 2011-2020, obesity is going to replace heart diseases as the worst killer. With Indians being prone to Diabetes Mellitus type 2, we are all set to have many complicated health problems in the future. When Insurance Companies see you are overweight, they see more number of claims and this is the reason that your waistline may be the barrier between you and health insurance. This is the reason some companies are refusing cover on the basis of being overweight. To read more see You may miss on Health Insurance if you are Fat

Can being Overweight Prevent You From Obtaining Health Insurance?

During the past 10 years there has been a dramatic upturn in Obesity and overweight adults. Being overweight makes a person a good target for all diseases like Hypertension, Diabetes, Heart Disease, and Kidney failure, Arthritis, Stroke and even Cancer. Health insurance depends on individuals pooling money to share the risk, when the risk as in the case of obesity increases, people have to chip in more money or decrease the risk. This is the reason some companies are refusing cover on the basis of being overweight. When they see you are overweight, they see more number of claims and this is the reason that your waistline may be the barrier between you and health insurance. To know more read You may miss on Health Insurance if you are Fat

How do you go about renewing your health policy in India?

One of the easiest ways of getting your renewals on time is to take the help of your insurance advisor who has been your expert advisor when buying the policy, in claiming, and in everything pertaining to the health insurance policy. Or else the other ways are:

• Use your usual reminder tools, like your mobile, your planner.
• Mark a circle on the date in red ink on the calendar you use to mark important appointments. Make sure that this is the calendar that you most look at when you are at work.
• Keep a reminder for a month in advance of the due date. And one for 15 days in advance. This will keep you in the loop and you would also get enough time to prepare yourself for the payment at the right date.

And many more to read them all see What you should know about Renewal of your Policy

What would happen if I forgot to renew my Health Insurance policy on time?

Renewing your Health Insurance Card enables you to obtain a new card if you are still eligible for the Health Insurance Plan. But if you forgot to Renew your Health Insurance Policy in India then following are the consequences:

Increase in Premium: If your existing policy lapses and you opt for a new policy, you will have to shell out an increased premium amount for the new policy.

Pre-existing disease: If you miss your renewal date, then for the new policy your previous claim will be considered as a pre-existing disease/illness and will not be covered.

Coverage: If the policy lapses, then the new policy that you buy will make you wait for another claim free four years before covering your pre-existing disease.

Bonus: For each claim free year a bonus of ten per cent is added to the coverage amount subject to a limit of 50 percent. After four claim-free continuous renewals, that is at the time of the fifth renewal, you are entitled to a free medical check-up up to one percent of your sum insured. But if you miss to renew the policy, you will miss these benefits too.

Here there is a good article What you should know about Renewal of your Policy, which tells about why renewal is very important.

Why Critical Illness plan is important?

• Critical Illness cover insures against a fixed number of serious diseases.
• The insured receives the entire amount at once.
• It can be taken alone or along with the health insurance.
• Hospitalization is not necessary for Critical illness cover, diagnosis is enough.
• Insurance Company doesn’t pay if- the insured dies within 30 days of the diagnosis of the critical illness.
• Insurance Company doesn’t pay if- the claim is made 90 days of buying the policy.

Thus, Critical illness cover protects from the financial problems that would come with the illness giving relief at the times of distress. To know some benefits of buying Critical illness plan check Critical Illness: Better be prepared than Regret!

What are the Reasons to buy Critical Illness Plan?

A Critical Illness plan means you can insure yourself against the risk of serious illness. Most critical Illness plan generally cover 8-9 diseases which are Cancer, Stroke, Aorta graft surgery, Coronary artery bypass surgery, First heart attack, Kidney failure, Major organ transplant, Multiple sclerosis, Paralysis, Primary pulmonary arterial hypertension. And the amount that you get is tax free. You would not have to pay anything to the government for it. Also the premium amount you pay is deducted from your taxes. For Critical Cover, hospitalization is not necessary; a diagnosis report from a consultant is enough. To read more such reasons or benefits check Critical Illness: Better be prepared than Regret!

How important is Health Insurance for Parents?

Life is not predictable and uncertain events can occur anywhere and anytime. In such times, if a person is secured with health insurance he will get the timely medical treatment and also doesn’t have to worry about the huge expense which is required for the treatment. There are many reasons why your parents need to be insured:

Rising Medical Costs & Affordability: Then think about the major health crisis which can arise anytime in old age. During such times, health insurance can always help you and avert the pressure of making dent in your pocket.

Security: Having a health policy facilitates you to get treatment from good network of hospitals without any delay. With health insurance, parents can also get the benefits of cashless service if they have to undergo any planned surgery without any tension and hassles.

Pre Existing Diseases: They have to wait for a period of four years to get cover against pre existing diseases.  To avoid this, one can do a normal check up after age of 45 and then buy a health insurance policy.

Tax Benefits: Every tax payer can avail an annual deduction of Rs. 15,000 and in cases of senior citizens you get the tax benefit of 20,000.

To read more check Health Insurance- A must for your Parents

Why is Health insurance a must for your parents?

The best way to secure your parents against the future health problems is buying a health insurance policy for them. Health insurance is an insurance that covers your medical expenditure. Life is not predictable and uncertain events can occur anywhere and anytime. In such times, if a person is secured with health insurance he will get the timely medical treatment and also doesn’t have to worry about the huge expense which is required for the treatment. It is always safe to secure your health, no matter of your age! To read more such reasons check Health Insurance- A must for your Parents