How to choose the best bike insurance policy

How do you buy or renew your bike insurance policy? Do you buy a plan which your friend has? Or do you renew your existing policy blindly?

There are more than twenty bike insurance companies that are offering you a cover for your bike. Do you stop and consider other policies before buying a bike insurance plan?

Comparing is essential when you are buying a bike insurance policy. Each insurance company and its insurance policy promises to give you some benefit which its competitor might not. If you want to choose a policy which gives you the best bike insurance cover available in the market, you should compare multiple plans before selecting one. Though comparing is essential, do you know how you should do so?

You might get confused when comparing different bike insurance plans. So, here are some tips which will tell you what you should exactly look out for –

  • Look at the coverage features

Always compare the coverage features in different bike insurance plans. Though the primary coverage benefits would be the same, it would the inbuilt add-ons which would help you in differentiating the plans. See if the policy allows inbuilt roadside assistance, towing facilities, etc. The wider the scope of coverage of the plan, the better would be the policy.

  • Consider the Insured Declared Value too

IDV is the value of your bike after deducting depreciation based on the bike’s age. A high IDV represents a higher claim settlement if the bike is completely damaged or if it is stolen. So, it is always advised to buy a policy which offers high IDV values. Compare the IDVs offered by different bike insurance plans. Try and choose a plan whose IDV is the highest so that the value of your bike is preserved over a longer period.

  • The premium rate

The premium is, obviously, another important parameter on which you should judge bike insurance plans. However, premiums should not be compared alone. Always compare premiums together with the plan’s IDV and coverage features. If a plan promises high IDV and comprehensive coverage benefits, higher premiums is not a bad thing. Always compare premiums, IDV and coverage benefits and then choose a plan which promises high IDV, inclusive coverage and competitive premiums.

  • Discounts allowed

Look for the different discounts offered by the plan. Choose a plan which promises you the highest discount rate so that your premium is reduced considerably. Some common discounts which you can claim in your bike insurance policy includes discount for no claim bonus, discount for choosing voluntary deductible, discount for modifying the vehicle for the disabled, etc. Though the types of discounts would be similar, compare their rates. A plan with the highest rates would be the best.

  • Ease of claim settlement

Nowadays, many insurance companies have introduced easy and quick claim settlements through video and image uploads. These policies would be best as they would ensure quick claim settlements. Moreover, understand the claim turn-around-time (TAT) of the company and choose a policy which has the lowest TAT and the most convenient claim settlement process.

  • Add-ons allowed

Add-ons help in increasing the scope of coverage of your bike insurance plan. So, comparing the add-ons available in different policies is also a good practice. Find out if the add-ons you require are offered by the policy or not. Moreover, the additional premium payable for the add-on should also be compared. The lower the premium the better the policy would be.

  • Claim settlement record of the insurance company

Lastly, after comparing different plans on the above parameters, check the claim settlement record of the insurance company. A company having a high rate of claim settlement means that the company settles maximum number of claims presented upon it. Such an insurance company would be a better choice as you would be assured of your claim settlement. So, choose a plan offered by a company which has a high claim settlement ratio.

If you keep these points in mind, comparing bike insurance policies would become easy and you would be able to buy the best policy for your bike. Isn’t the best bike insurance policy what you desire?

Read more about Top tips for cheap bike insurance

Read more about two wheeler insurance policies in India

Read more about whether long term two wheeler policy is a good idea?

Want to buy or renew your bike insurance without inspection or paperwork visit Turtlemint to choose the best bike insurance company.

 

 

How to choose the best car insurance company

Car insurance policies are a legal mandate and that is why almost every general insurance company offers car insurance policies. There are, in fact, more than two dozen car insurance companies in the market offering a car insurance policy for your car. Choosing the best company among so many choices is a difficult task. But this task can be simplified if you know how to choose the best car insurance company. There are some simple parameters which help you decide how you can choose the best car insurance company. These parameters are as follows –

  • The coverage benefits offered

Though every car insurance policy offers similar coverage features, there are some add-ons which companies build in the benefit structure. These inbuilt features enhance the coverage provided by the plan. Look for the coverage benefits in the company’s car insurance plans. If you find the benefits more inclusive than other plans, the company is offering you something extra and you should not let it go.

  • Value added features

Insurance companies often compete against one another by providing their customers enhanced value-added features. These value-added features make one company better than the other. The more the features available, the better is the company. For instance, many companies today have adopted technologically advanced measures to expedite claim settlements. You can upload videos and photos of the damage and get your claim intimated and processed easily. Many companies are also adopting live tracking systems to track the driving history of the vehicle. Attractive premium discounts are allowed if the history is safe and without any offences. Look for these value-added benefits when choosing the best car insurance company

  • Claim settlement ratio

Claim settlement ratio of an insurance company is the number of claims the company has settled in a year compared to the total number of claims made on it. A high ratio indicates that the insurance company settles most of its claims. It is, therefore, a favourable sign. So, compare different companies on their claim settlement ratios. The higher the ratio the better the company would be.

  • List of cashless garages

Cashless claim settlements are possible when you get your car repaired at a garage which is tied-up with the insurance company. Such a garage is called a preferred garage and the insurance company has a list of such garages. You should check this list to find out whether your preferred garage or the garage in your locality features in the preferred network list of the insurer. If it does, it would be easier for you to get cashless settlement of your car insurance claims. Moreover, the company’s network should be wide so that you can locate a preferred garage in any part of the country easily.

  • Premium discounts

Car insurance policies offer attractive premium discounts. These discounts help you in reducing your premium outgo to a large extent. Some common discounts which you can find include the following –

  • Discount for making no claims in the past policy year (s) (No claim discount)
  • Discount for being a member of a recognised automobile association
  • Discount for installing safety devices in the car
  • Discount for buying the policy online
  • Discount for choosing voluntary deductible
  • Discount for existing customers of the company, etc.

Though the no claim discount remains same, the rate of other discounts varies across companies. This variation is also an important parameter of choosing the best insurance company. The company which offers the highest discount would be the best as you would be saving on your premium costs.

These five points, when considered, help you in choosing the best car insurance company. Always compare car insurance companies on these parameters before buying or renewing your coverage. If you do so you would be able to find the best company which would not only give you good coverage benefits, it would also make your car insurance experience the best one.

Read more about Buying a car insurance through Turtlemint

Read more about complete guide while switching car insurance policy

Read more about 10 common mistakes that make your car insurance more expensive

Common causes of road accidents and what can you do to avoid them

According to the Ministry of Road Transport and Highways, India accounts for about 12.5% of road accidents worldwide. The number of road fatalities is more than 1.45 lakhs in a year and one accident occurs every four minutes (Source: https://www.indiatoday.in/education-today/gk-current-affairs/story/india-accounts-for-over-1-45-lakh-road-accidents-a-year-govt-launches-a-new-programme-1369017-2018-10-16 ). The numbers are alarming. As the number of vehicles has increased on Indian roads, the number of road accidents and fatalities has also gone up. Some common causes which lead to road accidents involve the following –

1. Speeding – driving at very high speed levels for seeking thrill or to reach somewhere quickly

2. Driving under the influence of alcohol and/or drugs

3. Talking on the phone when driving the vehicle

4. Violating safety rules like not wearing helmets when driving bikes or not wearing seatbelts in cars

5. Violating traffic rules – not stopping the vehicle on ‘red’ traffic light, driving the opposite way in one-way lanes, etc.

6. Giving your vehicle to minors who have no driving license and experience to drive the vehicle safely

Any of these reasons can result in a major accident which would not only cause severe injuries and/or death to you, it would also damage the vehicle involved.

Watch a video on the top common cause of road accidents in India :

How to avoid road accidents

Some safety tips and tricks are all you need to avoid causing or being involved in road accidents. These tips are as follows –

– Follow safety measures

Safety rules and measures are there for one specific purpose – to reduce the possibility of accidents. They should, therefore, not be ignored. Always follow the safety rules when driving. Don’t talk on the phone, wear a helmet or a seatbelt, install airbags in your cars and do everything possible which makes driving safe.

– Follow traffic rules

Violating traffic rules not only cause accidents, they incur heavy fines too. Do you want to pay such fines?

Always follow traffic rules to safeguard yourself from hefty fines and also to avoid possible accidents.

– Have a valid driving license before you drive

A valid driving license is a must for driving the vehicle. Since the license is issued to adults and after imparting driving skills, it ensures that the individual holding the license is aware about the basic road traffic rules and safety measures. If you are caught without a license, you face severe fines. So, ensure you have a valid driving license before you venture out to drive a vehicle.

– Don’t drink and drive

Alcohol and driving don’t go hand in hand. If you have been drinking it is best to take a cab rather than drive because driving under the influence has a very high chance of accidents.

These measures help you avoid road accidents. However, despite observing all safety tips, accidents can happen due to uncontrolled elements. For instance, if you are driving safely but a drunk driver rams into your vehicle, there would be a major accident. Similarly, if the tyres of your vehicle burst or the brakes fail, accidents are unavoidable. As such, insurance becomes a necessary requirement. There are two insurance policies which help you deal with the implications of a road accident. They are –

i.   Motor insurance
ii.  Personal accident insurance

Motor insurance policies are mandatory as per law. Every vehicle should have a valid motor insurance cover to be eligible to run on Indian roads. In the context of motor insurance policies, a comprehensive policy is recommended. The policy not only covers the mandatory third party liability, it also pays for the damages suffered by the vehicle.

Besides the mandatory motor insurance policy, a personal accident policy also proves to be a great help against road accidents. The policy covers accidental deaths, accidental permanent disablements and also temporary total disablement due to an accident. As such, the policy helps in taking care of the financial loss you suffer in an accidental contingency. The premiums are low and the policy can also be enhanced to cover medical expenses through extensions available.

You now know the reasons of road accidents and also the tricks to avoid them. Along with knowing the tips, you should also invest in a motor insurance and personal accident insurance plan to be prepared if an accidental contingency does strike. After all, it is always better to be prepared, isn’t it?

Read more about steps to take when your two wheeler meets an accident

Read more about making a car insurance claim

Read more about safety features in your car you didn’t know about

Got a new vehicle Know these rules before you drive

Purchasing a new vehicle is a dream for many of you who put your savings in buying a vehicle of your choice. While you shop around for the vehicle’s brand, model, specifications, colour, etc. do you know the various rules which come associated with the vehicle?

Many of you might not. In order to drive your vehicle on Indian roads there are some rules which you should fulfil. Moreover, if you follow some other rules, your vehicle would give you a better performance and also last for a longer time. Do you know these rules? Let’s find out –

  • Registration of the vehicle is necessary

When you buy a new vehicle, you have to get a new number plate for the same. The number plate of the vehicle contains the registration number which helps identity your vehicle with the road traffic authorities. Getting the number plate is a necessity without which you cannot drive your vehicle. A temporary registration number is given till the actual registration of your vehicle takes place. You should place this temporary number on your vehicle to use it temporarily without the actual registration number. Thereafter, you should pay the road tax of the State where you register your vehicle and get a registration number.

  • A valid driving license is mandatory

If you are considering driving your vehicle yourself, you should have a valid driving license in your name. Driving without a valid license is a violation of traffic laws and you would be heavily penalised if you are found driving without an active license.

  • Insurance of your vehicle is compulsory

The Motor Vehicles Act, 1988 states that every vehicle which is being driven on India roads should have a valid insurance policy attached to it. Therefore, when you buy a new vehicle, you should also buy an insurance policy on it. Though a third party policy is the basic legal requirement, you should choose a comprehensive policy instead. The policy would not only take care of your legal liability towards third parties, it would also cover the damages suffered by the vehicle itself. So, buy a comprehensive insurance policy on your vehicle before you drive the vehicle on Indian roads.

These were the legal rules which you are required to follow after you buy a new vehicle. Now, let’s talk about some other rules which, though not legally mandated, are recommended for a better experience of using your vehicle. These rules include the following –

  • Read the instruction booklet of your vehicle

Your vehicle would come with an instruction manual which would instruct you on how to use the vehicle in the best possible way. The different configurations and specifications of the vehicle would be in the booklet to help you understand your vehicle’s performance. The booklet would also provide you with the desired speed limit which would give you maximum fuel efficiency and would also be safe. Take time out to go through the booklet so that you could understand all the features of your vehicle and use it to its maximum potential.

  • Regular servicing is key

New vehicles often come with free servicing for a year or two after which you have to pay for future services. Many of you get the free services done but when it comes to regular paid servicing, you avoid it. This is a mistake. You should engage in regular servicing of the vehicle even if it costs money. Regular servicing would help you maintain your vehicle, get a good performance, save fuel and make your vehicle last longer. So, always get your vehicle serviced regularly.

Buying a vehicle and zipping across town is not enough. You should be aware of these rules governing the usage of the vehicle, both mandatory and recommended. These rules would help you maintain traffic rules and also get the best performance out of your vehicle. So, keep these rules in mind and experience the joy of owning a new vehicle.

Read more about tips on how to keep your car cool

Read more about consequences of driving without a valid car insurance

Read more about RTO forms for registering a vehicle

Read more about RTO forms for availing a driving license 

The insurance industry has witnessed a paradigm shift. Have you embraced it?

India is a developing country which has witnessed great changes over the past decades as people’s perceptions have changed. Today, more and more women are becoming financially independent and are choosing to carve a niche for themselves in the corporate world. Start-ups are the trend for new entrepreneurs and youngsters have become financially independent as well as financially savvy. In fact, as per a study conducted by the Associated Chambers of Commerce and Industry in India (ASSOCHAM), among 1000 participants, 70% were youngsters who were single and 63% were financially independent.

The study shows that new age millennials, in the age group of 25 to 35 years are the potential customers of the insurance industry with high disposable incomes. These millennials are quite aware of the importance of insurance and are willing to invest in it. This has led to a paradigm shift among the targeted customers of insurance products. Insurance companies are also tapping into this paradigm shift by making their products more youth-oriented to appeal to modern day customers. Here’s how the insurance industry has revamped itself and its products following a generation shift in the market –

     –   Digitalisation of insurance

The online marketplace has become a craze among new age millennial who are not only internet-savvy but also looking for convenient ways of transactions. Digitally enhanced platforms have become the part and parcel of today’s age and insurance plans are also digitally adapting. While online plans have become the norm, companies are also developing personalised apps and digitally advanced software to help individuals buy and track their insurance portfolio online. Today, you can compare, buy, renew and also make a claim in your insurance policy online.

     –   Value-added features

Almost all insurance products are promising something extra to lure customers. Health plans provide health and wellness related programs, life insurance plans provide built-in additional benefits, motor insurance plans provide round the clock assistance in case of breakdowns, etc. By introducing value-added benefits, simple insurance products have become trendier and also more inclusive in terms of coverage.

     –   Quick claim processing

To make insurance truly appealing to customers, insurance companies have reduced the turn-around-time (TAT) in claim processing. Armed with Smartphones and mobile apps, claims can be intimated and initiated through texts, videos, images and calls. Claim processing has become easier and quicker, thanks to the quick access provided by high-speed internet.

     –   Technologically advanced interface

The websites of insurance companies and insurance aggregates have become technologically advanced and simple. You can calculate your premium, find the ideal coverage amount, explore the policies available and make customisations, all on a single website making it easier for you to buy an insurance plan. Premium payment gateways are also secured with multiple premium paying options which provides flexibility in paying the premium digitally.

A paradigm shift in the insurance market has made insurance companies offer the above-mentioned benefits with their products. Are you utilising these benefits to make your insurance experience more enriched?

Read more about new age term plans – how they are evolving 

Read more about Turtlemint Chat bot for buying insurance 

Read more about whether to buy insurance online or offline

ULIPs undergo a makeover – low charges, high returns

Unit linked insurance plan (ULIPs) were launched by life insurance companies to provide market-linked returns to policyholders along with life insurance coverage. Though the concept of the plan was good, the high charges associated with it impacted the returns. Thereafter, in 2010, ULIP regulations were changed and ULIPs underwent a major makeover.  Then came the internet and today ULIPs are more customer friendly and popular than ever before. Let’s see how ULIPs have changed over the years –

Changes made in ULIPs

         – Lower charges

The major change which was introduced by SEBI in 2010 was reduction of the charges associated with ULIPs. While earlier the charges went as high as 90% of the annual premium, today, the charges have come down to as low as 5%. In fact, many new age unit linked plans have abolished the premium allocation from their ULIPs making them more attractive and customer-friendly.

         – Online availability

One of the main factors which have resulted in lower charges has been the online platform of selling ULIPs. Insurance companies are selling unit linked plans online thereby eliminating the need of a middleman. As the middleman is removed, commission costs have reduced and the plans have very low charges.

Effect of the changes

The above-mentioned changes in ULIPs have had a positive impact on the product. Due to the changes the following effects have been noticed –

          – Higher returns

Since the plan’s charges have become very low, maximum of the premium amount is being allocated to the chosen funds. As the premium allocation has increased, the returns have increased too. Customers are getting attractive returns from modern day ULIPs.

          – New benefits

New age ULIPs are also providing additional returns in the form of guaranteed returns, loyalty additions, wealth boosters, etc. These returns are added to the fund value at specified intervals and they help in increasing the aggregate returns generated by the plan.

          – Ease of purchase

The online medium helps policyholders buy a ULIP instantly by providing their personal details and paying premiums online. Moreover, insurance aggregator websites have also made it easy for potential customers to compare different ULIPs and then choose one. The online platform has, therefore, made the whole process of buying ULIPs easy and convenient.

           – Tax advantages

After the Union Budget 2018 imposed long term capital gains tax on equity returns exceeding INR 1 lakhs, ULIPs have become the most preferred choice of investors. Though ULIPs provide equity investments and returns, such returns are exempted from the new tax regime on equity. Moreover, switching done in ULIPs is also tax-free giving ULIPs a tax advantage over other investments.

Times change and adapting to the changing times is necessary. Modern day ULIPs have become better. The charges are at an all-time low which has made returns attractive. The plans are easily available and the tax advantage cannot be ignored as well. So, bank on the benefits of new age ULIPs and invest in one today.

Read more about best ULIP plan to invest in 2018

Read more about different types of ULIPs before you buy one

Read more about all you need to know ULIP in detail 

New age digital customers drive changes in new age insurance plans

Internet has become a staple diet of new age millennials whose day doesn’t end without accessing the internet at least once. In fact, the Internet and Mobile Association of India (IAMAI) predicted the number of internet users in India to cross 500 million-mark by June 2018 in their report published in December 2017 (Source: https://economictimes.indiatimes.com/tech/internet/internet-users-in-india-expected-to-reach-500-million-by-june-iamai/articleshow/63000198.cms ). As per Google’s research, India adds about 10 million active internet users every day (Source: https://www.business-standard.com/article/current-affairs/india-is-adding-10-million-active-internet-users-per-month-google-118062700882_1.html ). Given the popularity of internet, insurance companies have redesigned their insurance plans to meet the needs of the new age digital customers. Do you know how insurance plans have changed in recent times? Here’s a lowdown –

Term insurance plans

Term plans are the most popular and most relevant life insurance plans which provide unmatched financial security. Here’s how new age term plans have evolved –

– Companies are offering higher sum assured levels to customers. In fact, in many plans, there is no maximum limit on the sum assured. You can choose any coverage level as per your coverage requirements

– Since life expectancy has increased, term plans are allowing the maximum coverage age to be up to 80 or 85 years

– Online term plans have reduced premiums considerably and are available instantly

– There are inbuilt riders in term plans which have enhanced the benefits payable

– New whole life term plans have been launched covering individuals for up to 100 years of age

Health insurance

Health plans are a must to meet the rising healthcare expenses. In recent times health plans have also undergone major changes some of which include the following –

– There are disease-specific health plans in the market covering specific ailments like dengue, cancer, heart-related ailments, etc.

– Critical illness plans have expanded their scope of coverage by covering more illnesses

– The coverage features in health plans have become innovative and more comprehensive. For instance, there is sum insured restoration feature found commonly in modern health plans which reinstates the sum insured if it is exhausted.

– Health plans are being sold online which makes the plan an instant buy

Unit Linked Insurance plans

ULIPs have also undergone some changes in recent times which include the following –

– The premium allocation charges have reduced considerably. In fact, in some popular online plans, the allocation charge has been reduced to nil. Moreover, policy administration charges, fund management charges and other relevant charges have also been reduced.

– ULIPs provide tax-free returns even after the Union Budget of 2018 imposed Long Term Capital Gains (LTCG) tax on equity earnings exceeding INR 1 lakhs. The returns from ULIPs do not attract LTCG tax. Moreover, any switching done under the plan is also tax-free.

Car insurance

Though car insurance plans are mandatory for car-owners, insurance companies are offering new and improved features to make their plans more attractive. Here is what’s new –

– Technology enabled telematics helps in live tracking of the car to help insurers understand the driving pattern of the car-owner. Good driving records earn premium discounts

– Comprehensive car insurance policies are being offered with inbuilt add-ons the most popular one of which is roadside assistance.

– Even claims are being expedited through photos and videos being uploaded to the insurance company’s systems through Smartphones.

The insurance industry is dynamic and would evolve with the evolution of technology. Though insurance plans have already undergone many changes, more is yet to come. Given the ease with which internet is becoming available to people in all parts of the country, who is to say what new developments would become apparent in insurance plans in the coming years!

Read more about Govt sponsored health insurance schemes

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7 Best health insurance policies for Indian women in 2021

Women have become empowered in recent times as they balance both home and work effortlessly. They have become career-driven and do not shy away from achieving their dreams. However, when it comes to their health, women often ignore it and when a severe illness or disease strikes, they become indisposed to take care of their family and work commitments. Women are prone to specific illnesses and diseases and so it is imperative that they have health insurance for women which provide coverage for their gender-specific health issues.

As a woman, you have certain financial and medical requirements at every stage of your life that may not be covered under a general health insurance plan. That’s why it’s important that you opt for health insurance for women that cater especially to your particular needs.

Why women need a dedicated health insurance policy?

Here are some reasons why health insurance for women is a must for their specific coverage needs –

  • Certain illnesses, like breast cancer, cancer of the reproductive system, etc. are specific only to women. When these illnesses strike, the expenses on treatments are considerable. In the absence of a health insurance plan women might face a financial crunch in meeting the treatment costs and so health insurance for women covering these specific illnesses is important.
  • Women are privileged to bear children and yet the maternity costs are considerable. Moreover, if there is any complication at the time of childbirth, additional medical expenses might incur. To cover these maternity expenses, dedicated maternity oriented women’s health insurance plans is a must.
  • Women can claim a tax benefit on the premiums that they pay towards their health insurance policy. Section 80D of the Income Tax Act, 1961, allows them to avail a deduction of up to INR 25,000 on the premium paid for a women’s health insurance policy. This helps women reduce their taxable income and consequently, their tax liability

Benefits of women’s health insurance plans and policies in 2020

Now that you know that women need dedicated women’s health insurance plans, here are some of the benefits which can be availed from such plans –

  • Women can enjoy optimal coverage against the illnesses or diseases that they face.
  • Women can avail quality healthcare facilities without compromising on the quality of care when they have dedicated women’s health insurance plans covering their specific medical expenses
  • Women can get coverage against such illnesses which are specific to them when they buy women’s health insurance plans. A generic policy might not offer such coverage
  • Women can claim additional tax benefit and plan their taxes with a women’s health insurance policy

7 best health insurance policies for Indian women

Here’s a sneak peek into some Indian policies providing health insurance for women that are designed specifically for women:

women

women

Besides a free-look periodcashless claims, and deduction in tax returns, the above-mentioned women-specific health insurance policies also offer many other advantages.

Let’s take a look at few of the key benefits of these plans which provide best health insurance for women:

HDFC Life Smart Woman Plan

  • Coverage of pregnancy complications or the birth of a child with a specified congenital disorder, malignant female-specific cancers, and death of a spouse.
  • Uninterrupted savings with waiver & funding of premiums and periodic cash benefits for the next 3 Partial withdrawals also allowed meeting contingencies.
  • Sum assured of up to 40 times the annualized premium.
  • Enhanced allocation rate from the 11th year onwards.

Tata-AIG’s Wellsurance Woman Policy

  • 11critical illnesses covered, with a higher benefit for cancer.
  • Coverage of expenses for hospitalization, ICU/ICCU, convalescence, cosmetic reconstruction surgery (for accidental injuries only), and emergency ambulance.
  • Access to free health helpline, articles for health & wellness information, personalized health tracker, discounts at health-related services (over 200 gyms, skincare & weight management centres, diagnostics centres), etc.

Bajaj Allianz Women Specific Critical Illness Insurance Plan

  • 8 women-specific critical illnesses covered.
  • Congenital disability benefits up to age 40 for up to 2 deliveries.
  • Children education bonus and loss of employment cover.

Star Wedding Gift Insurance Policy

  • No pre-acceptance medical screening.
  • Maternity cover and new-born baby cover for up to 2 deliveries. Also pays certain pre-natal expenses, such as a test for detecting congenital abnormality in the foetus.
  • Coverage of expenses for inpatient care, pre & post hospitalization, emergency ambulance, specified day-care procedures, pre-existing illnesses (with waiting periods), and non-allopathic treatment.

Religare Joy Maternity Health Insurance Policy

  • Maternity cover and new-born baby cover.
  • Coverage of expenses for pre & post hospitalization, emergency ambulance, daycare treatment, inpatient care, and specified pre-existing/named illnesses (with waiting periods).
  • No Claim Bonus (with an add-on).

New India Asha Kiran Policy

  • 11 critical illnesses covered.
  • Hospitalization expenses for the family can be covered.
  • Coverage of expenses for specified day care treatments, pre & post hospitalization, critical care, organ transplantation (organ cost not included), non-allopathic treatment, and emergency ambulance expenses.
  • Personal accident cover applicable to proposer and spouse.
  • Discount on premium for including a daughter in the policy.

Reliance HealthGain Policy

  • 5% discount for single women or girl children.
  • The health of immediate & extended family members can be covered.
  • Coverage of expenses for inpatient care, domiciliary hospitalization, pre & post hospitalization, organ donor, accidental injuries, critical illness, specific ailments, pre-existing diseases (with waiting periods), and emergency ambulance.
  • Discounts and deals on a range of health & lifestyle products and services.
  • Access to health experts and other online services including medical appointment booking, personalized diet plan, and health risk assessment.
  • Accidental death cover for no-claim renewal.
  • Cumulative Bonus for claim-free years.
  • Restoration of the sum insured and free extension of policy possible.

Note: The coverage and other benefits of these health insurance plans are subject to terms and conditions as specified in their respective policy documents.

Choose health insurance for women that are suited to your specific needs and provides you with the best benefits. It’s recommended that you don’t delay getting health insurance. This is because, when you’re in your 40s, most women-specific policies require you to get a medical screening before they can be approved. If you’re not found in the best of health, you might end up having to shell out more for your policy premium.

Find out more information on health insurance for women. Call our HEALTH EXPERT at 1800-266-0101 or visit the Turtlemint website to get quotes for different women-specific health insurance plans.

Frequently Asked Questions

  1. How do I find the best health insurance for women?

    To find the best health insurance for women, you should always compare and buy a plan online. When comparing, look at the sum insured offered, the coverage benefits, premium discounts, add-ons and the premium rate. Choose a plan which offers the most comprehensive scope of coverage at the most reasonable rate of premium and that plan would qualify as the best health insurance for women.

  2. I am a single woman with kids. Can I buy a family floater health plan?

    Yes, you can buy a family floater health plan for yourself and your kids. When choosing the best health insurance for a single female, ensure that you choose an optimal sum insured so that you and your family are covered. The premium should also be affordable so that the policy can be renewed lifelong without any financial strain. The coverage benefits of the plan should be suitable for your needs. Try and compare plans offering best health insurance for single female and then buy a suitable policy with the best benefits.

  3. What is the maximum tax benefit which I can avail if I buy health insurance for women?

    The tax benefit is up to INR 25, 000 which would increase to INR 50, 000 if you are aged 60 years and above. Moreover, if you buy a policy for your senior citizen parents, you can claim an additional deduction of up to INR 25, 000 for their policy which would also increase to INR 50, 000 if your parents are senior citizens. So, you can claim a maximum tax benefit of up to INR 1 lakh by investing in women’s health insurance plans.

  4. How can I get cashless claims under my policy of health insurance for women?

    To get cashless claims under your women’s health insurance plan, get admitted in a hospital which is tied-up with the insurance company. Cashless claims are available only at networked hospitals and you can find the list of networked hospitals on the insurance company’s website.

  5. Can I increase the sum insured when I renew the plan?

    Yes, you can increase the sum insured when you renew the policy. However, the pre-existing waiting period would apply again to the increased sum insured.

Let us pledge to provide quality healthcare to disabled person

December 3rd is celebrated as the International Day of Disabled Person which is promoted by the United Nations. This day promotes the rights and well-being of disabled persons across the globe. But is one day sufficient for recognising the disabled in our society?

As per the Census of 2011 and later updated in 2016, about 2.21% of the total Indian population, which comes to 2.68 crore individuals, are disabled. Out of the disabled population, only 0.81 crore individuals live in the urban areas while the major populace lives in the rural areas. Have a look –

Disabled population

(Source: https://wecapable.com/disabled-population-india-data/).

With so many disabled in India, especially in the rural area, the question arises – do the disabled get proper healthcare facilities?

Disability can be mental, accidental or congenital. Whatever be the nature, people with disabilities face higher healthcare costs than normal individuals. Given the rising costs of medicine, affording quality healthcare becomes very difficult for such individuals and their families. As such, the need for a health insurance plan arises. But does a health insurance plan cover disabled individuals?

Yes, it does. There are various types of Government sponsored health insurance schemes as well as health insurance schemes offered by private insurance companies which cater to the healthcare needs of the disabled. Many don’t know about these schemes which lead to a lack of good healthcare facilities for the disabled. So, here’s a look at the available health insurance schemes –

  • Swavlamban Health Insurance Scheme – This scheme has been implemented through the National Institutes and Composite Regional Centres for Persons with Disabilities under the Department of Education and Ministry of Social Justice and Empowerment. The scheme allows the facility of cashless hospitalisation for individuals having an income of up to INR 3 lakhs annually.
  • Nirmaya Health Insurance Scheme – This scheme covers dental check-ups, pathology, corrective surgeries, therapies, etc. up to INR 1 lakh. Individuals affected with cerebral palsy, autism, mental retardation or any other disability can buy this policy. Pre-entrance medical check-ups are not required and pre-existing illnesses are covered from the first day itself. The premium is a flat rate and is INR 250 if the family income is up to INR 15, 000 and INR 500 for higher incomes.
  • Health plans by private companies – almost all health insurance companies allow coverage for people suffering from disabilities. However, before allowing coverage, the extent of disability, present health condition, earning capacity and the family income is considered by insurers. Different disability-related documents would also have to be submitted for availing coverage. Pre-entrance medical check-ups are also required to determine the severity and extent of disability.

So, handicaps can also avail quality health care through health insurance coverage provided by both the Government as well as health insurance companies. Through a health insurance policy, disabled individuals can ensure to get good treatments for their disabilities which would help them lead a comfortable life. So, this world handicap day let’s pledge to educate individuals about available health plans for the disabled so that affordable quality healthcare can be made available to the disabled.