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
7 major reasons why you need Travel Insurance while travelling abroad!
Although travelling to a new place can be very exciting, lack of proper planning can put one in peril in a foreign country. A lot might occur during the travel which can be beyond one’s control. Losing one’s passport and baggage, encountering a medical emergency or getting trapped in a natural calamity are only a […]
HDFC Ergo my:health Medisure Super Top Up Health Insurance Plan : Features, Benefits & Review
Life is an unpredictable journey. It can take sharp, fatal turn at moments, which are capable of leaving one physically, mentally, emotionally and financially bruised. Many of us ignore buying a personal Health Insurance plan (Mediclaim). Most of us also think that the mediclaim coverage provided by the employer (if salaried) is sufficient enough to […]
Latest Health Insurance Incurred Claims Ratio 2016-17 | IRDA Annual Report
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 buying 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 […]
Unclaimed Insurance Policy amount : How to locate, find & claim it?
Unclaimed money is money from lost bank accounts, shares, investments and life insurance policies. Are you aware of the fact that Unclaimed investments to the tune of around Rs 40,000 Crores are lying with financial institutions like Banks, Life insurance companies, Post office, Provident Fund office, Income Tax departments etc., Some people, maintain records of their […]
Difference Between Individual (Personal) & Employer based Health Insurance Plans – Pros & Cons
Health Insurance is an important form of financial protection which will provide a cushion effect in case of uncertain or planned hospitalization expenses. The majority of Indians does not have a health insurance cover while the others do not have an adequate health cover under the bought health insurance policy. With the uprising health care […]