Archive for November, 2009

Tata AIG Health Insurance Plans

tata aig life insurance is a leading life insurance company in India that offers array range of health insurance at very affordable rates. They provides financial protection in the event of unexpected medical emergencies for you and your family.

List of Tata AIG Health Insurance-

• tata aig life Health Protector-5Year Guaranteed Renewal Accident and Health Plan
• TATA AIG Life Invest Assure Health
• Tata AIG Life Health Investor
• Tata AIG Life Invest Assure Care
• Tata AIG Life Health First

Tata AIG Provides detail information about these products to offer complete insurance protection to you and your family. Theses health insurance policies gives excellent policy benefit and hassle free claim settlement.

tata aig health insurance policies also offers tax benefit under section 80D of the Income Tax Act,1961.

Star Health Insurance- Star Crticare Plus

Star Criticare is a unique health insurance from Star Health Insurance. This plan is available in two sections:regular hospitalization benefits and major diseases benefits.

Section-I

It provides reimbursement for in patient hospitalization expenses incurred as a result of sickness/illness/diseases and accidental injuries. It includes room rent, boarding expenses, surgeon’s fees, consultant fees, anesthetists fees, nursing expenses, cost of medicines and drugs, cost of blood, oxygen, diagnostic cost, pacemaker and related expenses. Emergency ambulance charges are also covered for the transporting the insured patient to the hospitals up to sum of Rs.750/- foe per hospitalization, subject to maximum of Rs.1500/- per policy period.

Section-II

It provides for lump-sum in case the insured person is diagnosed with a major illness as listed below.

• First diagnosis of Cancer, Chronic Kidney Diseases, Hepatoma, Brain Tumour.
• Undergoing first time-major organ transplant
• First time occurrence-Cerebro-Vascular Stroke causing Hemiplegia, Acute Myocardial Infarction resulting in Left Ventricular Ejection Fraction of <25%.
• Established irreversible Coma
• Established irreversible Paraplegia
• Established irreversible Quadriplegia

Tax Benefit-

Premium paid by cheque or credit card is eligible for tax benefit under section 80D of the Income Tax Act,1961.

Eligibility-

Any person aged between 18 years and 65 years can opt for this insurance. It is renewable up to 75 years

Top reasons for increasing health insurance cost

Health insurance cost is very high and it is very necessary for you to understand the reasons for the increasing costs. These useful information will help you to make better choices and well planned decisions.

There are several following reasons for increasing health insurance cost.

1. Cost for hospitalization is very high including hospital room rent, ICU charges, operation theatre charges, nursing expenses and other required services.
2. Prescription drugs are very costly. Every visit to the doctors, there is the list of prescription drugs which are very much costly.
3. Increasing cost for developing new technologies and treatments. Since, over the last few year, scientists have made significant advancement in the treatment of diseases and critical surgeries. But, just like any new product in the market, the cost of developing new technologies is very high.
4. Most of people with health insurance demanding new technologies and treatments. Because of this the insurance company has to pay more amount for these kind of services.
5. Rise in aging population can be another reason. Insurance companies charge higher to insure older people, because of their needs for health services is more.

Benefits of Star Health Super Surplus

Super Surplus is a unique health insurance from Star Health Insurance. The main feature of the plan is that it offers benefits of wider protection at a very affordable cost. This plan is available on individual basis and also on floater basis, covering the entire family. Family means proposer, spouse and two dependent children’s aged up to 25 years.

Policy Benefits-

The policy covers insured person for in-patient hospitalization expenses for more than 24 hour hospitalization. It includes room rent, boarding expenses, surgeons fees, anesthetists fees, consultant fees, specialists fees, nursing expenses, cost of medicines and drugs,etc.

Sum Insured Options-

On Individual Basis-

The sum insured options are Rs.7Lakh and Rs.10Lakh at a annual premium of Rs.3,000/- and Rs.4,000/- respectively. Both the options are subject to a deductible amount of Rs.3Lakh for per hospitalization.

On Floater Basis-

The sum insured option is Rs.10Lakh at a annual premium of Rs.5,700/- and Rs.4,300/-. These options are subject to a deductible amount of Rs.3Lakh and Rs.5Lakh respectively, for per hospitalization.

Eligibility-

Any person aged between 5months and 60 years is eligible for this insurance. The renewal is granted up to 75 years.