Personalisation in insurance is transforming the industry, allowing insurers to create tailored policies using advanced data analytics. By understanding individual customer needs, insurers can offer customised solutions that enhance satisfaction and drive innovation. This approach is reshaping the future of insurance, making it more responsive and customer-centric.
Insurance could be a whirlpool of confusion for someone new to the insurance space with terms like deductible, co-payment and Bancassurance leaving one utterly stumped. After navigating the aforementioned insurance terms, it’s time to tackle ‘Pre-Existing Diseases’. This term plays a significant role in the health insurance segment as it determines your coverage and risk factors. Before c...
While in-patient medical expenses are comparatively higher than outpatient costs, the higher frequency of outpatient visits can disrupt finances. Outpatient Department (OPD) cover is commonly available with most health insurance policies and can turn out to be a lifesaver when it comes to saving on medical expenses incurred without hospitalisation. In recent years, OPD benefits have garnered...
Co-payment, often referred to as co-pay, is a fixed amount of money that you, the insured person, must pay out of your pocket when you receive a medical service.
According to the World Health Organisation (WHO), the percentage of the global population aged 60 and above is expected to almost double, rising from 12% to 22% from 2015 to 2050.
The word ‘restoration’ in itself seems incredible, and in Health Insurance, it is. The restoration of the sum insured by your health plan is called the Restoration Benefit.
What was once considered the standard model of coverage has evolved into a dynamic ecosystem characterised by innovation, customisation, and adaptability. Healthcare innovation is developing at an unprecedented scale and with it so are the customers.