The Government of India enables every single Indian citizen – whether they are individuals or members of Hindu Undivided Families (HUFs) to benefit from tax deductions on health insurance offered under Section 80 Income tax laws. Under Section 80D, individuals and members of HUFs can avail a tax deduction of ₹25,000 to ₹100,000 per annum for health insurance policies purchased for self, spouse, children and dependent parents. A significant aspect about 80D deductions is that you can avail deductions over and above those availed under other Sections 80 investments including those under Section 80C, Section 80CCC and Section 80CCD. … [Read more...] about Health Insurance Section 80D: Get a Complete Guide on Section 80D Health Insurance
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Even if you opt for the cashless facility, you have to bear the cost of a few expenses from your pocket. However, there are many benefits of utilising the cashless option. They are as under:You only have to submit your health insurance card at the hospitalYou can begin seeking treatment without providing any advance or depositThe hospital coordinates with the insurance company directlyYou do not have to make upfront payments and file for reimbursementIt eliminates the financial stress associated with seeking treatmentCashless hospitalisation proves exceptionally beneficial in emergencies (like heart attacks) when one may not have enough funds on hand or the time to visit the bank to withdraw cashNote that you can avail the cashless facility only in your insurance providers’ network hospitals. … [Read more...] about Cashless Claim Process Of Health Insurance
The Union Ministry of Health and Family Welfare has already issued a travel advisory exhorting people to refrain from visiting China. On cue, general insurance companies that offer overseas travel policies, too, are exercising caution. “We are not issuing travel policies to China-bound travellers. We have also limited the issuance of travel insurance policies to Hong Kong, Thailand, Malaysia and Singapore. For travellers to other destinations where some cases have been detected, we are asking our customers to follow government advisory and take precautions,” says Sanjay Datta, Chief, Underwriting, Claims and Reinsurance, ICICI Lombard. On paper – and as per travel policy documents – COVID-19 or other such contagious diseases are not exclusions – they are treated like any other ailment, provided they are not ‘pre-existing.’ … [Read more...] about Coronavirus: Travel insurance useful, but governments would step in fully
Madara’s example is not an anomaly. Still, artificial intelligence is increasingly being added to doctors’ workflows—and big companies are involved. Despite public backlash to Google’s quiet partnership with Ascension, which involved the company accessing patients’ data without their explicit consent, the two companies are continuing to partner (notably, the two biggest health record companies, Epic and Cerner, have decided not to work with Google). “Super super proud of our work with Ascension,” said David Feinberg, head of Google Health, at a conference hosted by Startup Health. In that work, Google is developing machine learning algorithms to help doctors sift through electronic health records—like Google search for doctors. More specifically, the platform aims to organize patient records in a cohesive way. The work is currently ongoing at two hospitals, and Feinberg indicates that it will eventually be coming to more Ascension … [Read more...] about Can high-tech capitalism fix the healthcare industry?
Thus many end up spending a lot more than what they could repay. To avoid such a situation, Prashant didn’t apply for any credit card in the initial 15 months after he started working. Sahil Arora, Director and Group Business Head of Investments and Insurance at Paisabazaar.com says, “The best to way to avoid overspending is to keep track of unbilled balances on your credit card and spend only what can be repaid by the bill’s due date.” … [Read more...] about Got your first job? Follow these steps to have a balanced money life