Health Insurance

    India’s low-cost healthcare fuels NRI medical tourism boom: Report

    Surgeries and medicines at a fraction of the prices overseas, insurance cover at much lower premiums, and cultural familiarity are some factors attracting non-resident Indians (NRIs) to India for medical services. A Policybazaar report sheds light on India’s medical tourism sector, expected to grow to $13 billion in 2026.

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    61% young buyers want health insurance, 37% see cashless network as important factor, finds HDFC Ergo report

    Conducive regulations, technological advancements, and evolving consumer attitudes are driving India’s health insurance landscape. As the younger generations are a promising demographic propelling the industry, a study by HDFC ERGO explores their mindsets. According to the report, 24% want clear and easy policy terms and conditions on their insurance documents.

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    Want to upgrade your health insurance cover? Here’s why top-up, not new policy is the way to go

    Considering rising healthcare costs, top-up plans are a cost-effective solution. These plans offer additional coverage beyond a deductible limit, making them a sensible choice compared to new or upgraded policies. Top-up plans ensure sufficient financial protection against significant medical expenses. Hence, if you are looking for increased coverage, getting a top-up might be your best bet

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    Policybazaar for business introduces ClaimSetu: India’s first AI-led claims insights and scoring engine for group health insurance claims

    Policybazaar for Business (PBFB) introduces ClaimSetu, an AI-powered solution designed to streamline and accelerate Group Health Insurance (GHI) reimbursement claims. ClaimSetu leverages AI, NLP, and OCR to automate document processing, provide real-time updates, and reduce errors, potentially speeding up claim processing by up to 50%.

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    24% rise in women who have insurance in metro cities: Niva Bupa Health insurance survey

    24% rise in women who have insurance in metro cities: Niva Bupa Health insurance survey

    Nearly 80% claims are from women over the age of 28, according to a five-year study by Niva Bupa Health Insurance.

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    Planning to port your health insurance plan? Here are some challenges you should be aware of

    While shifting to a new insurer may seem like a quick-fix solution to the problems with your existing health insurance plan, there are some challenges you should be aware of.

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    Think Rs 5 lakh health insurance is enough? Here's why only a Rs 1 crore health customised cover is likely to be sufficient

    Medical inflation in India has consistently hovered at 13-14% annually—double the pace of general inflation and far beyond the wage growth for most Indians. Some years, it has surged as high as 20%. This is not a spike; it’s a trend. Having a minimum health cover of at least Rs 1 crore is essential in today's day and age.

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    Mental health insurance problems continue: 5 things to check before buying a cover

    Even as mental health-related claims have increased in the past few years, problems continue in acquiring an adequate plan catering to the specific needs of mental illnesses.

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    30-50% rise in mental health insurance claims, most claims for anxiety, depression: Study

    Most claims are for anxiety and depression, reveals a recent study on mental health insurance by Policybazaar.

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    Nearly 50% people underinsured for health, have less than Rs 5 lakh cover: Study

    Nearly 50% people underinsured for health, have less than Rs 5 lakh cover: Study

    While 48% have less than Rs.5 lakh health insurance, 19% don’t know how they’ll fund a critical illness, claims a recent study by Policybazaar.

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    The Economic Times