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  BUY POLICY:- WHATSAPP 8999520001                                                  WWW.FOXINA.IN What is Sum Insured In Health Insurance In India, most people avoid buying a health insurance plan because they do not understand the terminologies used in it. While it is quite understandable, having a comprehensive health insurance plan will protect you and your loved ones against unforeseen medical contingencies. We do our best to help you understand your health insurance policy before buying the product from us. In this section, we have explained what the sum insured in health insurance is. What is the Sum Insured in Medical Insurance? Sum insured is the amount provided to you (the policyholder) in case of any unforeseen event like medical emergencies, theft, damage to the vehicle, etc. Note that this sum of money is not a financial benefit but is merely a re...

Difference between Incurred Claim Ratio and Claim Settlement Ratio Incurred Claim Ratio VS Claim Settlement Ratio Incurred Claim Ratio (ICR):  The ratio of the total number of claims received to the total premiums collected in the same period by the insurance company is known as the Incurred Claim Ratio. A high ICR gives you an idea that the insurance company is more open to accepting new customers and more friendly to issuing policies to people with pre-existing illnesses, and if you are one of those customers with pre-illness, then you don’t have to wait much to get your plan. The ratio also tells you about their relationship with the customer. I.e Total value of the claim paid/ total value of premium collected Claim Settlement Ratio (CSR):  The ratio of the total number of claims settled to the total number of claims received by the insurance company within the same duration of time is known as the Claim Settlement Ratio. It tells you how friendly the company will behave du...

 HEALTH INSURANCE Health insurance is a cover that covers the medical expenses of the policyholder. It is a protection against high hospitalization expenses, pre-medical, and post-medical expenses, daycare treatments, aIr ambulance, Ayush benefits, in some type of policies maternity and vaccination of child too. In this article, we are helping you to consider the factors, before purchasing the health policy. so that you choose the best company and products. Factors you should consider before buying health insurance and deciding on the insurance company. Incurred Claim Ratio (ICR):  The ratio of the total number of claims received to the total premiums collected in the same period by the insurance company is known as the Incurred Claim Ratio. A high ICR gives you an idea that the insurance company is more open to accepting new customers and more friendly to issuing policies to people with pre-existing illnesses, and if you are one of those ...

  10 Best Health Insurance Plans in India What’s the best health insurance plan in India? If you’re an ex-pat or just planning to relocate to the country, figuring out how to get health insurance in India can be a tricky task. Different companies offer different policies, some of which are more suited to your needs than others. To help you make an informed decision on your health insurance plan in India, we’ve put together this list of the 10 best health insurance plans in India right now.                                                 HDFC OPTIMA RESTORE STAR HEALTH YOUNG STAR ADITYA BIRLA ACTIVE ASSURED DIAMOND NIVA BUPA REASSURE The above-mentioned plans are best suitable for people who want to buy at an early age to avoid uncertainty and risks. Major benefits are No Sub-limits Comprehensive coverage No claim bonus up to 150% Lower premium As our team of ex...

 हां, "यह तभी मुफ़्त है, जब आप करदाता हों। भारत में अधिकांश जनसंख्या स्वास्थ्य बीमा के अंतर्गत नहीं आती है और अस्पताल के खर्चों के लिए अपनी बचत या उधार पर निर्भर करती है। लेकिन सरकार भी सभी को चिकित्सा बीमा खरीदने के लिए प्रोत्साहित करती है और आपको धारा 80D के तहत कर कटौती का लाभ उठाने की अनुमति देती है। धारा 80डी क्या है? प्रत्येक व्यक्ति या एचयूएफ धारा 80डी के तहत किसी भी वर्ष में भुगतान किए गए चिकित्सा बीमा प्रीमियम के लिए अपनी कुल आय में से कटौती का दावा कर सकता है। यह डिडक्शन टॉप-अप हेल्थ प्लान और क्रिटिकल इलनेस प्लान के लिए भी उपलब्ध है। कटौती लाभ न केवल स्वयं के लिए स्वास्थ्य बीमा योजना के लिए बल्कि जीवनसाथी, या आपके आश्रित बच्चों या माता-पिता को कवर करने के लिए पॉलिसी खरीदने के लिए भी उपलब्ध है। सबसे अच्छी बात यह है कि यह धारा 80सी के तहत दावा की गई कटौतियों के अतिरिक्त है। धारा 80डी के तहत कटौती के लिए कौन पात्र है? वरिष्ठ नागरिकों के लिए चिकित्सा बीमा प्रीमियम और चिकित्सा व्यय के लिए कटौती की अनुमति केवल करदाताओं की व्यक्तिगत या एचयूएफ श्रेणी के लिए है। व्यक्तिगत या एचयू...

 Yes, "it is free only if, you are a taxpayer. Most of the population in India is not covered under health insurance and depends on their savings or borrowing for Hospital expenses. But the government also encourages everyone to buy medical insurance and allows you to avail of tax deductions under Section 80D.   What is Section 80D? Every individual or HUF can claim a deduction from their total income for medical insurance premiums paid in any given year under Section 80D. This deduction is also available for top-up health plans and critical illness plans. The deduction benefit is available not only for a health insurance plan for self but also for buying the policy to cover spouse, or your dependent children or parent. The best part is that it is over and above the deductions claimed under Section 80C. Who is eligible for deduction under Section 80D? Deduction for medical insurance premiums and medical expenses for senior citizens is allowed to the Individual or HUF category ...

What is the Common man expecting from the Budget 2022-2023 ?   Covid has changed the scenario, A common man is not only hated by the expenses of uncertainty but also by the double sword of GST and Income tax. Some basic support a common man seeking in the budget this year. ·           Separate deduction of Life Insurance Rs. 1 Lacs Under 80 C. ·          GST on the Life Insurance should be Less. ·          Deduction slabs of Health insurance should be increased. ·          No GST should be on Health Insurance. It would be a deep breath to the insurance industry and run for a further 2 to 3 years. As a result Insurance industry would get fresh business, the new customer as well high investments from the existing customer to complete the tax benefits of new slabs as mentioned above. Moreover, it is not the common man's seek but...