Every year, IRDA (Insurance Regulatory & Development Authority) publishes Incurred Claims Ratio (ICR) data in its annual report. ICR is one of important factors that you can consider when shortlisting a health insurance plan. What is Incurred Claims Ratio (ICR)? Incurred Claims Ratio is nothing but the total value of all claims paid by the health insurance company […]
Non Life Insurance
Enhanced Health Insurance Benefits – IRDA’s latest Guidelines
The IRDAI has recently issued a circular related to the health insurance products. This circular can be a great news for existing health insurance policyholders and future buyers, and may significantly enhance the benefits provided under a Health Insurance plan. When it comes to health insurance, there is no one-size fits-all plan that you can rely […]
Health Insurance Tax Deduction FY 2019-20 / AY 2020-21 | Income Tax Benefits u/s 80D
Health Insurance (or) Mediclaim insurance is a must-have for all. Considering the rate at which medical costs are rising, it is very important to have sufficient medical insurance coverage. The medical inflation in India is increasing at a significant rate, almost 12% to 15% year on year. Therefore, it is critical to have an adequate […]
Understanding Maternity Benefits of Health Insurance plans in India
Becoming a parent is one of the most mesmerizing experiences of life. But this happiness come with great responsibilities. If you are planning for a baby in the near future, your first responsibility should be to plan your finances for the big moment, especially the medical expenses during and after pregnancy. Going by the trends, […]
Top 12 real-world Car Insurance Queries Answered!
In India, buying a car has long been considered a status symbol, and it is true until today. Because of this, the 4-wheeler has more importance in the Indian family than just a set of wheels to go from this place to that. This favorable outlook that Indians have for cars, unfortunately, does not flow […]
Latest Health Insurance Incurred Claims Ratio 2017-18 | Best Health Insurance Companies List
Every year, IRDA (Insurance Regulatory & Development Authority) publishes Incurred Claims Ratio (ICR) data in its annual report. ICR is one of important factors that you can consider when shortlisting a health insurance plan. What is Incurred Claims Ratio (ICR)? Incurred Claims Ratio is nothing but the total value of all claims paid by the health insurance company […]