When buying a health insurance cover from his bank, Antriksh Hooda, 30, was told about a family floater plan that also has a maternity cover. That was tempting to Antriksh, married for two years and planning for a child.
Last year, P Koilraj, a worker of Upsana Engineering in Hosur, Tamil Nadu, passed away in the workplace. In March this year, Shankar Muthale, a VRL Logistics employee, died during his daily commute to work in Hubli.
With lifestyle illnesses, such as cancer, heart attack, stroke, paralysis, becoming more common and advances in medical technology ensuring patients survive such ailments, critical illness (CI) covers are the third essential risk protection, after term
With life insurance companies introducing joint term insurance policies that allow a couple to buy one single policy which is cheaper than two policies, many might feel it is a good idea to purchase one.
Health insurance is a segment that has seen the launch of several niche insurance covers. However, there are still a lot of areas in health and medical illnesses which are excluded from the ambit of insurance.
According to the latest data from the insurance councils (life and general), life insurers posted a 19.6 per cent growth in new premiums for April-June quarter whereas non-life insurers posted 12.4 per cent growth.