Cashless health insurance allows you to get treated at network hospitals without paying bills upfront. Learn how it works, common myths, and real benefits in India.

Insurance can feel overwhelming because of all the jargon thrown around in policies and conversations. To make it easier, here’s a simple glossary of key terms — explained in plain language — so you know exactly what you’re signing up for. GENERIC TERMS USED IN INSURANCE  Primary Insurance Terms: Insurer:  The company or entity that provides insurance coverage  and assumes the financial risk in exchange for a premium. Insured:  The person or entity whose life, property, or ri

Claim Settlement Ratio FY 2024 - 2025 Why This Blog Exists Every other ad out there shouts — “Choose us! 99% Claim Settlement Ratio!” .Sounds great, right? But here’s the truth: claim settlement ratio is just the tip of the iceberg . Over the years as a broker, I’ve seen clients stuck with: High premium jumps  after a year. Long delays  in claim payout despite a “high” settlement ratio. Hidden limits  that left them paying big from their own pocket. So, I decided to dig deep.

To secure a surety bond  or insurance security bond for a tender in India, a company must prepare and provide detailed documentation about its business, the project, financial status, and risk profile. Below is a comprehensive guide, based on industry and regulatory sources, as well as the extracted requirements from the New India Assurance proposal form. Key Requirements for Obtaining a Surety Bond Company Details and Eligibility Applicant Entity Information : Full legal nam

Picture this: it's Diwali eve, the air filled with excitement, and a family's home radiating warmth and festivity. Little did they know that the evening would take an unexpected turn, thanks to a rogue firecracker with a mind of its own. As the firework spiraled out of control, it found its way into the living room, causing havoc. The resulting chaos left the family with a damaged interior, shattered windows, and a sense of bewilderment amidst the festive cheer. Enter the her

Once upon a time in a bustling city, there lived a man named Raj. Raj was a devoted follower of Lord Ganesha, and every year, he celebrated Ganesh Chaturthi with unmatched fervor. This year, however, was different. As the festival approached, he found himself facing a dilemma, a dilemma that would intertwine the sacred traditions of Ganesh Chaturthi with the world of insurance. Act 1: The Festival Preparations As the scent of fresh flowers filled the air, Raj began his prepar

We all love celebrating festivals, don't we? The joy, the camaraderie, the sumptuous feasts—it's a time to forget worries and immerse ourselves in happiness. Speaking of festivities, let's explore an unlikely connection today: Janmashtami and insurance. You might be wondering how these two seemingly unrelated things intersect. Well, stay with us as we unravel the intriguing bond between this joyous Hindu festival and the world of insurance. The Janmashtami Spirit and Insuranc

Hey there, We're about to dive into a case between M/S Dye Chem Manufacturing Co. Pvt Ltd Vs The Oriental Insurance Company. Context: The Case is from 26th July 2005 when there was torrential rain continuously for more than 12 hours and the rainfall recorded was 40 inches, the highest in 100 years. The problems increased due to multiple rain which flooded in Mumbai between 26/07/2005 and 01/08/2005 and that resulted in damage of compound walls, building and roads of the com

Hey there, fellow explorers of the unknown! Isn't it fascinating how humanity's curiosity knows no bounds? We're about to dive into a topic that's not just about rockets and lunar missions but also about something that might seem a world away: insurance. Stick around as we unravel the surprising connection between the Chandrayaan-3 lunar mission and the world of insurance. Oh, and by the way, don't forget to set your alarms for 5:30 PM today – we've got live images of the lun

Can you believe it? India is rejoicing in the glow of its 77th Independence Day! As we stand on the threshold of another year of progress, let's embark on a captivating journey through the annals of time, uncovering a facet that's been quietly shaping our lives – the intriguing evolution of insurance in our nation. Oh, and by the way, have you ever ventured into the vibrant world of insurance at ckpinsurance.co.in? If not, you're in for a delightful revelation! The Seedling Y

Are you looking to save taxes and invest in your health? Section 80D of the Income Tax Act, 1961 can help you do just that! This section offers deductions for the money you spend on maintaining your health and health insurance. It's important for your tax planning and personal finance, so let's dive in! Under Section 80D, you can claim a deduction for money spent on health insurance policies for yourself, your spouse, and dependent children. You can also claim a deduction for

Holi, the Hindu festival of colors, celebrates the triumph of good over evil. According to Hindu mythology, this festival signifies the victory of Prahlad, a devoted follower of Lord Vishnu, over the evil demoness Holika. Prahlad's unshakable faith in the divine protected him from the flames of Holika's pyre, and he emerged unscathed. Just like Prahlad had the divine intervention to protect him, health insurance can act as a protective shield for you in case of medical emerge

We all know the famous saying "health is wealth." But what happens when your health suddenly deteriorates and you find yourself in a difficult financial situation? That's where health insurance comes in. Investing in health insurance is one of the smartest choices you can make for your well-being and financial security. Let's take a closer look at why: Protects Your Finances Health insurance acts as a safety net to protect you from high medical bills that can put a strain on

Are you tired of feeling like a small fish in a big pond when it comes to navigating the complex world of health insurance? Well, fear not my friend, because I have a secret weapon for you: a health insurance broker. Yes, I know what you're thinking. "Why do I need a broker when I can just do everything myself online?" Let me tell you, there's nothing wrong with a little DIY, but when it comes to something as important as your health and financial security, it's worth having

Traveling can be one of the most exciting experiences in life. Exploring new places, meeting new people, and experiencing different cultures can be exhilarating. But let's face it, no matter how much we plan, things can go wrong unexpectedly. Medical emergencies, lost luggage, flight cancellations, and other travel-related issues can create a lot of stress and ruin a trip. This is where travel insurance comes in handy. Travel insurance is a type of insurance policy designed t

As a maternity health insurance expert, I'd like to share 10 important things to consider when thinking about maternity coverage in India. Here they are in a more conversational style: Do you know if your current health insurance plan includes maternity coverage? If not, it's important to look into purchasing a separate policy that does. Keep in mind that most policies have a waiting period before maternity benefits can be availed, typically around 2-4 years. So, plan ahead a

As India celebrates its 74th Republic Day, it's important to remember the importance of protecting ourselves and our loved ones with the right insurance policies. The health insurance sector in India has seen a significant growth in recent years, with more and more people realizing the importance of safeguarding their health and well-being. According to a report by the Insurance Regulatory and Development Authority of India (IRDAI), the health insurance industry in India is e

Congratulations on your recent wedding! As you begin planning for your future together, one important consideration is your health insurance. While traditional health insurance policies may cover hospitalisation and other medical expenses, they may not offer the specific coverage you need when starting a family. Maternity coverage is an essential component of health insurance for newlyweds planning for a baby. This coverage can help cover the costs of prenatal care, delivery,

Few people counted down to anything until the 1960s and 1970s—and yes, that included the new year. Celebrations and midnight kisses on December 31, of course. Countdowns, no. How, then, did the countdown go from almost nonexistent to ubiquitous in the latter half of the 20th century? And why are we so drawn to them now, especially to mark one year’s end and another’s beginning? Countdowns as we know them today serve many purposes. The New Year’s Eve countdown might be charact

Under Insurance refers to an insufficient insurance policy. This is one of the major reasons for denying claims. For Example, If you insure a stock of 5 Cr for only 2.5 Cr then, on a claim of1 Cr you will only be paid 50L as you have 50% underinsurance. Normally, there is 5% tolerance that most insurers keep but anything below that calls for underinsurance. On the contrary over insurance is not a big deal for insurers. One can be insured of 10 Cr for a stock of 5 Cr and if a