Deepak Yohannan

    Deepak Yohannan

  • Why health insurance should be made mandatory

    Let’s face facts --- medical treatment is expensive! Not only are medical costs high, inflation is also rising. There is already huge financial pressure on citizens and a trip to the hospital is only going to make their financial problems worse. To save us from extra financial burden we should have health insurance. And just like car insurance, health insurance should be made mandatory by the government.

  • The importance of a standalone critical illness plan

    Is the rising stress level at work giving you sleepless nights? Are you worried that your lack of exercise is making you unhealthy? Is your blood pressure steadily rising because of work pressure?

  • How to undo a policy lapse

    For insurance policies to be in force, it is vital to make the regular premium payments well before the due date of the policy. Non-payment of regular premiums could result in a lapsed policy that would yield no stipulated policy benefit. So in case death was to occur at such times, your family or loved ones would not receive any compensation/death benefit.

  • Addressing Your Complaints-The Insurance Ombudsman

    Insurance policy holders often find their grievances or issues, getting a cold or unsatisfactory response from the insurer. Whether it is with reference to a mis- sold policy by a pushy agent, or a rejection in claims, many policy holders are unhappy with the support provided by the insurer. The grievances either remain unresolved or, the policy holder is left to compromise. In case of such concerns, policy holders could approach an intermediary government body known as “Ombudsman” to resolve the issue.

  • Maximizing Health Insurance Benefits with Top ups and Super top up Plans

    Rising inflation could well send medical costs upwards. From hospitalization to various diagnostic tests, the costs seem to be increasing with every passing year. A concern for health insurance policy holders at such times is whether their existing cover would be adequate to meet any medical emergency. To tackle such concerns of policy holders, insurance companies offer two products- Top-ups and Super Top ups.

  • Did you know that some health plans offer Rs. 25–50 lakh of health cover?

    Healthcare costs are rising and how! Spurred on by double-digit inflation, the costs of medical care are shooting through the roof. If you do not have insurance, you had better have a health fund put away. And if you do have insurance, it might be time to consider extending your coverage. In fact the WHO, World Health Organization in its latest report has declared the Medical Inflation in India to be at an alarming rate of 22%.

  • What are the generic exclusions in a health plan?

    Health insurance is an excellent financial safeguard during medical emergencies, but it will not cover everything. As anyone who has ever bought or has planned to buy health insurance will tell you, ‘Even the best health plans come with exclusions’.

  • Tips to make travel insurance claims simpler

    Travel insurance claims are not difficult to make, provided you follow the right steps. It is in fact a very systematic and clear-cut procedure and if you have all your documents in place, the claim amount will be disbursed to you in no time. So make sure you buy sufficient travel insurance when you travel next time as not only does it help you in getting a lot of peace of mind, it also bails you out when you find yourself at an unfavorable junction in your vacation.

  • Don’t let cheap premiums be the deciding factor when buying health insurance

    We Indians are a price-conscious people. From bargaining over the price of vegetables in the local bazaar to shopping only during sale season and haggling for discounts and freebies just about everywhere, our focus while shopping is on price. Naturally, this attitude persists even as we proceed to buy health insurance. Rather than consider the overall pros and cons of the healthcare plan, we zero in on the annual premium.

  • How Do Single Premium Insurance Plans get Tax Benefits?

    A single premium insurance plan is one in which the policy premium is paid only once during the term of the plan. These plans provide a life cover on payment of a onetime lump sum premium amount. Single premium plans entitle investors to a tax deduction of up to Rs. 1lakh on premiums paid under Section 80C and also tax free death/maturity benefits under Section 10 (10)D.

  • Your Health Insurance Plan Is an Effective Tax Saving Tool

    Did you know your health insurance plan lets you save tax under section 80 D? Your health insurance plan is an ideal and effective tax saving tool, apart from providing cover during medical emergencies. Here is how you could make the most of it.

  • Check your company health insurance policy before you quit

    Lucrative job offer with a better pay scale, or an opportunity to grow higher, whatever the reason may be, making a job switch requires a bit of planning. And planning your health insurance cover is an important step so that you aren’t left in the lurch during the transition. Quitting a job would mean, your employer would no longer include you in the company’s group health insurance plan.

  • Multiple life insurance policies - Luxury or Necessity?

    How many policies do you need? How much cover is considered substantial? Read this article and get the answers to your questions.

  • Tips to make health insurance claim hassle free

    Health insurance claims may often seem to be a tedious process. Lengthy paperwork, numerous medical bills, and yet it may at times remain unsettled. To reduce discrepancies, avoid rejection and make your health insurance claims hassle free, here are some quick tips.

  • Why women get discounts on term life insurance

    The gender gap in India may be closing gradually, but we still inhabit an unequal world. In the professional sphere, men continue to be the dominating force, hogging corporate boards and receiving higher pay than their equally efficient female counterparts.

  • Can you afford to skip buying travel insurance?

    "Different strokes for different folks," goes the popular old idiom. The same idea holds for travel insurance as well. Different individuals require different policies. But travel advisors have one word of advice for travellers around the world: don't wait too long to buy your travel insurance; keeping things to the last-minute may not be the best idea.

  • How to save money while renewing motor insurance

    Motor insurance is mandatory and every person owning a car has to have it. As a result, a lot of insurance companies have a lot of products on offer and the customers are often left confused as to which policy to buy.

  • 10 tips for buying online insurance plans

    Online insurance is easy to buy. It is convenient, quick and hassle-free. You may celebrate the absence of the hard-selling insurance agent, but it also leaves you to fend for yourself. Nevertheless, you need not worry. The pointers that follow will help you buy online insurance both safely and successfully.

  • Calculate: How much is your life worth?

    To insure a car, home, or any other material asset, the general procedure involves valuing them in terms of rupees as per its market value. But what about life? Determining how much you are worth and insuring it is a surely no easy task The Human Life Value (HLV) approach comes to your rescue here. It calculates your life’s worth, and expresses it in rupee terms, thereby helping you decide a suitable life cover.