1.How long does it take to get approved for health insurance?

It usually takes around two weeks to get approved for health insurance after you have submitted your application to your health insurance company. Sometimes it may take more than two weeks for some health insurance companies to approve your health insurance.

2. What are the documents required for health insurance claim?

In general, documents such as identity proof of the members covered, the health card, the hospital bills, etc are required by the health insurance companies for health insurance claim.

3. What does health insurance mean?

Health insurance means a type of insurance coverage that pays for the medical and surgical costs incurred by the health insurance policyholder. Health insurance can either reimburse the insured person for expenses incurred from any sort of injury or illness, or pay for the expenses to the care directly; both depend on the type of health insurance coverage one chooses.

4. What is health insurance and what does it cover?

Health insurance is an insurance policy agreement between you and the health insurance company. The health insurance policy provides coverage against various illness or injuries to insured person.

5. How does a health insurance work?

You have to pay a yearly premium, depending upon the type of health insurance coverage you select, and the health insurance policy will pay for the costs incurred due to any illness or injuries up to the limit of your Sum Insured.

6. What is the difference between health insurance and mediclaim?

Both the terms, health insurance and mediclaim are used interchangeably. Mediclaim is limited only to the hospital expenses whereas health insurance is a much more comprehensive coverage that goes beyond the hospital expenses.

7. What are the different types of health insurance plans?

Health insurance companies may offer one or more of these four basic types of health insurance plans: Health maintenance organizations (HMOs), Preferred provider organizations (PPOs), Point-of-service (POS) plans and High- deductible health plans (HDHPs), which may be linked to health savings accounts (HSAs).

8. What are the benefits of health insurance?

The benefits of health insurance may include saving out-of-pocket expenses on injuries or illness, free health check up, dental treatment, domiciliary treatment, coverage against pre-existing diseases, cashless treatment facilities etc.

9. Why do we need a health insurance?

The reason we need health insurance is to help us pay for care. Since accidents and injuries happen unexpectedly and you can’t predict what your hospital bills will be like, health insurance protects you and your family financially in one of such events.

10. How important is it to have health insurance?

It is important to have health insurance for more than one reason. Health insurance backs you up financially in evens of an unexpected injury or serious illness. A person who has no health insurance receive less medical care, less timely care and they have worse health outcome.

11. Which health policy is best in India?

Some of the best health policies in India are, Star Health Senior Citizen Red Carpet, Star Health Cardiac Care, Apollo Munich Optima Restore, Bajaj Allianz Health Insurance for Individual, Max Bupa Heartbeat etc.

12. What is the difference between a deductible and copay?

A deductible is a fixed amount that a patient must pay within a given time period, generally a year, before his/her health insurance cover the costs. A copay is a fixed amount that must be paid by the patient for availing particular health insurance benefits, with the remaining balance which will be covered by the health insurance company.

13.What is the mediclaim?

Mediclaim is a hospitalization benefit that is offered by many health insurance companies in India, both private and public. The medical insurance policy takes care of the hospitalization expenses.

14. What is a private health insurance?

Private health insurance is a type of health insurance policy that is often offered by employers or other organizations. The type of private health insurance plans depends on different employers or other organizations.

15. What are the advantages of having private health insurance?

Some of the advantages of having private health insurance include, the option of being treated by the doctor of your choice, offer you extensive control over where or when you want to be treated, shorter waiting period for elective surgery, offer you services that are not covered by Medicare such as dental, optical, physiotherapy etc.

16. What is the cost of health insurance for an individual?

The cost of average health insurance for an individual is $393 per month, according to the data collected by eHealth. This report is on year 2017.

17. What are the two types of private health insurance?

The two types of private health insurance are hospital policy and general treatment policy. Hospital policy covers you when you go to a hospital and general treatment policy gives you coverage for ancillary treatments such as dental, physiotherapy, optical etc.

18. How much is private health insurance?

The cost of private health insurance may vary. One has to pay £1,349 per year as in premium for private health insurance in UK.

19. What is a private health care system?

In countries like Japan, Canada, UK the term private health care system is used for medical services that are not covered government such as cosmetic surgeries, ambulance rides etc.

20. What is an individual health insurance plan?

Basically, the health insurance plan that you purchase on your own and which is not purchased through an association or employer is called individual health insurance plan.

1. What is auto insurance and what does it cover?

Auto insurance, also known as car insurance, is an insurance policy that safeguards your vehicle against various damages. There are two types of auto insurance policies; third party auto insurance which is mandatory and comprehensive auto insurance which is optional. These auto insurances cover expenses against accidents, vandalism, repairs and replacements, fires, or in case the car is stolen etc.

2.What is the meaning of car insurance?

Car insurance or auto insurance is a contract between the car owner and the car insurance company. You have to pay an annual premium to the car insurance company as per this contract and the auto insurance company will protect you against your vehicle damages, auto accident, financial loss, theft etc.

3.What is car insurance policy?

Car insurance policy is a policy contract between you and the car insurance company that provides you protections against various auto damages, theft, repair or replacement etc. You have to pay an annual premium as per your car insurance policy plan to avail these benefits.

4.How does car insurance work?

When you buy car insurance, the insurer will offer you various options while choosing the coverage. More coverage comes with a higher car insurance premium. Thereafter, if your car goes through any damages, all you have to do is file a “claim” to your car insurance provider. If that particular damage is covered under your car insurance plan, the insurer will pay.

5.Can someone else drive my car if I have insurance?

You could be liable if an accident occurs when you let someone else drive your car. Your car insurance provider has to cover the damages if someone else gets into an accident while driving your car which is insured.

6. How do auto insurance work?

Auto insurance or car insurance is an agreement between a vehicle owner and auto insurance company that protects you against financial loses, accidents, theft, vandalism etc. All you have to do is file a “claim” when your car suffers any damages. The auto insurance company will see whether the damage is covered under your auto insurance plan and pay for the expenses thereafter.

7. How much is car insurance per month?

Car insurance premium per month or per year may vary upon many different factors such as the type of coverage or plan you are choosing for your car insurance. For instance, if you choose a car insurance plan with extensive coverage, you’ll have to pay more in terms of your monthly or yearly car insurance premium.

8. How do auto insurance claims work?

If your car goes through any damages or accident, you can file a claim to your auto insurance provider. You will have to submit relevant documents and proofs in support of the claim. The auto insurance company will verify your claim and pay for the expenses as per their policy guidelines.

9. How long does it take for an insurance company to pay out a claim?

TheThe official duration required for car insurance company to pay out a claim may vary on some different factors. Sometimes it may take short time to pay out a claim, and sometimes it may take relatively longer time than it should. But normally it takes 30 to 60 days for a car insurance company to settle a claim.

10. What happens if someone gets in an accident in my car?

If someone gets in an accident in your car which is not insured or when your car insurance has expired, it might be a problem as the driver will be responsible in this case. But if someone borrows your car and causes accident as long as you have auto insurance, your car insurance provider is responsible.

11. How can you tell who is at fault in a car accident?

Sometimes it’s easy to determine who is at fault in a car accident as you have to identify who the careless or negligent one in the accident. However, in some cases, it can be very difficult. In such situations, it is up to the police, court and the insurance company to point out the faulty one in a car accident. They investigate the matter thoroughly to determine whose fault it was in a car accident.

12. Do you need to have car insurance to drive someone else's car?

You must consider car insurance before driving a car, whether it is yours or someone else’s. You need to make sure that you are covered under car insurance before driving your or someone else’s car. It doesn’t matter if the car insurance is your own, you’re covered under someone else’s car insurance policy or you buy non-owner’s car insurance. You need to have car insurance before driving a car at all cost.

13.Can I drive someone else's car on my insurance?

If you assume that you will be totally covered when you drive someone else’s car on your third party car insurance, you are wrong. However, comprehensive car insurance may help you in this case. But it’s still advisable to check with your car insurer before you hop in someone else’s car.

14. Can you drive someone else's car if they are with you?

You can drive someone else’s car if they are with you but you have to make sure that you have a valid license and you are also covered under car insurance in order to avoid any complications that may result due to an accident.

15.Can I drive someone else's car if I’m fully comprehensive?

Having a fully comprehensive car insurance plan doesn’t set you free from all the worries when you drive someone else’s car. Driving other car is acceptable for any emergency, not if you want to just drive for fun. So it may be subject to the claim when you meet an accident while driving someone else’s car. Every car insurance provider does not cover damages when you drive someone else’s car even if you have full comprehensive car insurance.

16. Can I let my friend drive my car?

It shouldn’t be an issue as long your friend is driving with your consent. But the question that remains is what happens when your friend meets an accident while driving your car. It depends on your car insurer and your particular car insurance policy. Even if your friend has his own car insurance, your car insurance will pay for the damages if there’s an accident.

17. What happens when you let someone drive your car without a license?

You will also be held accountable to some extent as the owner of the vehicle if you let someone drive your car without a license and they cause an accident. The driver is also responsible and may face charges legally depending upon the severity of the damage, injury, accident done to the other person.

18. Can an uninsured car be driven by an insured driver?

This may cause some trouble since the car is not insured by its owner. The driver’s insurance policy is liable to pay for the claim made against an insured driver driving an uninsured vehicle. The owner still can face legal charges for not having his car insured.

19.Is it illegal to drive a vehicle without insurance?

Yes it is illegal to drive a vehicle without insurance. It is totally illegal to drive a car in a public place or on road without at least the third party car insurance which is mandatory as per the Indian Motor Vehicles Act, 1998. You could be penalized for driving a car without insurance.

20. Can I drive another car on my insurance if it’s not insured?

The prime factor with regard to this question is that the vehicle you are drive is insured at the first place. But, if you have a fully comprehensive car insurance, you can somewhat assume that you will be covered when you drive another car which is not insured.