Why are health insurance policies sold by banks, or the likes of Paytm and PhonePe, much cheaper? How do these plans work? Are there any potential drawbacks one should be aware of? —Name withheld on request Health insurance plans offered by banks or mobile apps are often cheaper because they are typically group plans. These … Read more
The new to health individuals, represented by young adults and Gen Z, are today demonstrating a forward-thinking and practical approach to financial matters, understanding the importance of long-term financial well-being. Amid their daily personal and work responsibilities, taking care of their health has become a top priority. As a financially savvier younger generation they see … Read more
What is a reasonable and customary clause in health insurance? Can an insurer use this clause to reduce the claim? My policy doesn’t impose room rent limits, so I chose a suite at the hospital. However, the insurer deducted a significant portion of the claim, citing a package deal with the hospital for a single … Read more