Dvara Health Finance’s Post

The article "The Problem with Hospicash" by Bindu Ananth explores the challenges and shortcomings of Hospicash insurance products. These products often fail to provide adequate financial protection to policyholders and do not effectively address the underlying customer problems.   In her article, she analyses these critical issues and advocates for a fundamental redesign of health financing and insurance that truly addresses these problems and offers more meaningful financial protection to households facing health crises.   Read the full article here: https://lnkd.in/gfUFzRP5 Dvara Health Finance #HealthInsurance #Insurance #FinancialSecurity #Hospicash #Research #ConsumerProtection #HealthCare

#instaraksha #bharat #SeniorCitizen #Mediclaim #HealthInsurance #AgeCap #GoodNews - Age Cap removed for Senior Citizens & now those above 65 years too can buy Health Insurance. While it may sound great, but there is a lot of confusion / apprehension about going for a new policy with the 36 months waiting period for Pre-existing diseases & Co-pay. That too now with the very high premium rate hikes in the Senior citizen category health policies, it is a Catch-22 situation with the exisiting Senior clients as well . These rate hikes have lead to clients thinking twice before even renewing their current policies. #PED #RateHikes #HighPremium Many of them are dependants on their Children incomes & they are now thinking of creating an emergency fund instead of paying high Insurance premiums for their parents. #Dependants #Financials It is always advisable to continue renewing the Senior Citizens policies without any doubts, as there is a very high probability of claims at higher ages & if that time if there is no Insurance, it hurts the family finances very badly. #Calculations #HighProbability #Claims #HealthClaims On a #emotional front also, it is rightful & it has to be a conscious #duty of each child to continue their parents Insurance rather than getting into silly calculations of the value of premiums being paid and the claims being reimbursed. #Reimbursement #ParentsInsurance There is always a good chance of regularly reviewing your health insurance benefits portfolio, in line with the new product developments & add ons available. Happy To Help Always :-) Let's Connect @ Call / Whatsapp - 9324271134 #ReviewHealthBenefits

95% of Indians Are Ignoring This—and It’s Costing Them BIG Last week, I had a bit of a health crisis—ended up in the hospital due to food poisoning. But honestly, my experience wasn’t the biggest shock. It was the guy in the bed next to me that really opened my eyes. He had been in a serious accident. Luckily, he had an Ayushman Bharat health card, which should’ve covered up to ₹5 lakhs of treatment. Perfect, right? Except...he hadn’t updated his card. Result? Instead of a free treatment, he was hit with a ₹2 lakh bill. All because he didn’t update a simple health card. One small oversight, and his savings took a huge hit. Here’s the Reality No One Talks About Most of us aren’t prepared for these moments. In fact, 95% of Indians don’t have health insurance. That’s 1.3 billion people who could face a financial disaster from a single medical emergency. And believe me—those emergencies don’t give you a heads-up. What if it was you? Would you be ready? Don’t Make the Same Mistake ✅Get covered: Whether it’s Ayushman Bharat or private insurance, make sure you’re insured. ✅Update your info: What’s the point of having insurance if it’s not current? Keep it up to date. ✅Share this with your loved ones: This isn’t just about you. Help your family and friends get prepared too. Think Health Insurance is Expensive? Try Paying ₹2 Lakhs Without It 💸 That guy in the hospital learned the hard way. A small insurance premium would have saved him a fortune. Don’t wait for something bad to happen—be ready before it does. Health is Wealth! Life is unpredictable, but you don’t have to be unprepared. Get insured. Stay updated. And most importantly, share this message with your family and friends. Let’s make sure everyone is covered! #AyushmanBharat #GetCovered #FinancialSecurity #insuirance #healthinsurance #healthcrises #accidentalinsurance #treatment #healthcard

Kenyan microinsurance consumers are choosing value over price In collaboration with SCBF , we analysed client data from Britam’s Bima ya Mwananchi, an innovative microinsurance product. Developed through Britam’s partnership with CarePay, the product leverages mobile wallets for distribution.   Our research shows that Kenyans are making considered choices when selecting micro health insurance cover. In many cases, they opt for value rather than just the lowest price. Read the full article: https://lnkd.in/dDd5rvxh

𝐈𝐬 𝟓 𝐥𝐚𝐤𝐡 𝐡𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐜𝐨𝐯𝐞𝐫 𝐞𝐧𝐨𝐮𝐠𝐡 𝐟𝐨𝐫 𝐚 𝐟𝐚𝐦𝐢𝐥𝐲 𝐨𝐟 𝟔 𝐩𝐞𝐨𝐩𝐥𝐞 𝐰𝐢𝐭𝐡 𝟐 𝐬𝐞𝐧𝐢𝐨𝐫𝐬 𝐚𝐛𝐨𝐯𝐞 𝟕𝟎? of course not! this would be the common challenge for many families covered under the Ayushman Bharath Pradhan Mantri Jan Arogya Yojana ( AB PM-JAY). This would also put more financial risk on the families having elders who may not be able to afford other insurance. to address this challenge, the cabinet has approved an additional insurance coverage of 5 lakh for families who are already covered under AB PM-JAY and have elders aged above 70. This scheme is expected to impact 4.5 crore families and 6 crore senior citizens aged above 70. with the growing ageing population, we need more such initiatives from Govt to support senior citizens and make healthcare more accessible and affordable https://lnkd.in/d8GjYese #AyushmanBharat #PMJAY #Eldercare #India

𝐇𝐞𝐚𝐥𝐭𝐡 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐟𝐨𝐫 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐒𝐞𝐧𝐢𝐨𝐫𝐬: 𝐍𝐞𝐰 ₹5 𝐋𝐚𝐤𝐡 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐟𝐨𝐫 𝐂𝐢𝐭𝐢𝐳𝐞𝐧𝐬 𝐀𝐠𝐞𝐝 70+ The Government has made a major announcement – all senior citizens aged 70 and above will now be covered under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana(AB-PMJY), irrespective of their income level. This decision will benefit around 6 crore senior citizens across India. 📌 Each eligible family will receive ₹5 lakh worth of free health insurance, specifically for their senior members. 📌A new health card will be issued to seniors who qualify, making it easier for them to access healthcare services. If there’s more than one senior in a family, they will share the ₹5 lakh coverage. 📌Senior citizens of the age 70 years and above who are already availing benefits of other public health insurance schemes such as Central Government Health Scheme (CGHS), Ex-Servicemen Contributory Health Scheme (ECHS), Ayushman Central Armed Police Force (CAPF) may either choose their existing scheme or opt for AB-PMJAY. 📌Those with private health insurance or under the Employees’ State Insurance Scheme (ESIC) can also benefit from the Ayushman Bharat cover, with no conflicts between the policies. 📌Families already enrolled in the Ayushman Bharat scheme will receive an additional ₹5 lakh top-up coverage exclusively for their elderly members, ensuring their specific health needs are met without straining the rest of the family. #insurance #seniorcitizen #healthinsurance

Young individuals often ask, “Why buy insurance now? I’m healthy and have a good lifestyle.” However, recent trends and unfortunate events remind us that health crises can strike anyone, regardless of age or fitness. The tragic passing of Rohan Mirchandani, co-founder of Epigamia, at the age of 42 due to cardiac arrest, underscores the unpredictability of health issues among young professionals. Data reveals that 38.2% of health insurance claims come from individuals aged 18-35, and these numbers are rising due to lifestyle diseases, stress, and unexpected illnesses. Buying health insurance early has several advantages. First, premiums are lower when you're young and healthy, saving you significant costs over time. Second, early coverage ensures access to comprehensive benefits, even if health conditions develop later. Today’s sedentary lifestyles, irregular diets, and high stress levels contribute to early-onset conditions like diabetes and hypertension. Insurance not only covers treatment costs but also offers preventive benefits like free health checkups, ensuring you stay ahead of potential health issues. Medical emergencies can disrupt financial plans, but insurance ensures you're prepared without dipping into savings. It’s not just financial security—it’s peace of mind for you and your loved ones. The pandemic taught us that health crises can affect anyone. Securing health insurance isn’t just an expense; it’s a proactive investment in your health and financial future. Don’t wait for a wake-up call—act now to protect yourself and those who depend on you. #insurancenews #healthinsurance #Medical #Diabetes #heartattack #Healthclaims #getyourclaim https://lnkd.in/gzFHPzuk

In today’s stress inducing environment there is a visible spike in severe and critical health problems in the country’s population. We can never be sure of our health and safety but we should be sure of the preparation for the worst. Read Here: https://lnkd.in/gYQgTAaQ #medicalinsurance #insurance #healthinsurance #policywings Sagar Narang

A much-needed step by IRDAI that will provide much greater financial security for senior citizens. As per notification – 1) The insurers shall ensure that they offer health insurance products to cater to all age groups. 2) Insurers may design products specifically for senior citizens, students, children, maternity, and any other group as specified by the Competent Authority. 3) Insurers shall endeavor to offer coverage for persons with all types of existing medical conditions. https://lnkd.in/diJXGWFM #healthinsurance

The new set of rules by the IRDAI will empower one of the most sensitive demographics to secure them against major health-related concerns, albeit paying higher premiums. Earlier, the 65-plus age group at a big level was not able to avail of treatment benefits from advanced healthcare facilities owing to multiple reasons, the primary concern being unaffordability. However, with the new reforms coming in, this problem will now be eliminated from the ecosystem. Moreover, the reduction in the waiting period from 4 years to 3 years, coupled with coverage of all pre-existing health conditions post-waiting period, are among other advantages of the new set of rules. Catch Sakshi Batra in an exclusive conversation with Amit Chhabra, Chief Business Officer - Health Insurance, Policybazaar.com explaining the details, the pros and cons of New Health insurance policy for senior citizens. Things to keep in mind while buying health insurance. Watch LIVE: https://lnkd.in/gmfw89sN | #Insurance #healthinsurance #insurance #insurancepolicy #healthsector #irdai