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4 steps to decode a critical illness plan

Step 1: Starting by understanding: what is critical illness?
Step 2: How does a critical illness plan help?
Step 3: Solo or with health cover?
Step 4: Understanding the caveats and pitfalls

How to ensure your Health Insurance Claim Settlement is 100%

Honestly, there is no perfect answer to this. But here are some very important things you should consider, ensure know about, before signing up on a health insurance:

1) Beat the laziness, and old habits, and ensure you fill your proposal form yourself. Ensure your declarations related to past and current health conditions are complete. In case you are taking policies for your parents, or family members, ensure you confirm the health declarations with them.
2) In our internal analysis, more than 95% of claims (this is not an exaggerated figure) are rejected, under valid terms and conditions of the policy. Hence, I strongly recommend you understand the terms and conditions of the mediclaim you are considering, very well, with your health insurance advisor, before you sign up.
Additionally, get insights and the feel on experience from your Health Insurance Adviser, preferably a health insurance broking firm, which deals with all Insurance companies, and also provides professional claims assistance to their clients.
Finally, ensure you are aware of the health insurance claim intimation and submission timelines, and you adhere by them.