Best Possible Bet For A Perfect Storm

We often hear our elders say health is wealth. It is imperative to protect our health and that of our loved ones through a proper insurance plan. The best way to acquire a health cover is to opt for the one provided by your employer, but there are drawbacks to it. One of the biggest disadvantage being, the sum insured often pegged at smaller amounts, can lead to lack of assistance during medical emergencies. The recent guidelines shared by IRDAI on minor modifications in the approved individual insurance products offered by general  and standalone health insurers on certification basis will help in increasing the penetration and distribution of  the health insurance products. Some major changes include, collection of premium in various frequencies or installments such as monthly, quarterly or half-yearly, which were earlier collected on an annual basis without filing with the...