Lock-in your premium until age 55: New feature in health plans explained

Quick Summary:

Last week,  private health insurer Galaxy Health launched its maiden health insurance plans, including one that promises to lock in premiums.

It's important to also evaluate other core features of the policy such as coverage limits, sub-limits on room rent, the insurer's reputation for handling claims, product flexibility and the insurance company's track record with claim settlement.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Medical inflation "Galaxy Health insurance Insurance pricing Insurance for young adults Fixed premiums Flexible health plan Health insurance plans Health insurance benefits Health insurance renewal Health policy features Premium promise Locked-in premiums Unlimited restoration Niva Bupa Insurance claims Health insurance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 08:58:33 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 602 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23686941

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 278 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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