While consumers search for affordable health insurance, they have price in their mind as the top priority. In addition, it won the Claims Award Asia 2015 for the third year running, under the categories of Insurer Claims Team of the Year for Claim Settlement during the Jammu and Kashmir floods, and Claims Innovation of the Year for launching pioneering claim settlement practices for health insurance claims.
It prohibits insurance companies from denying coverage to patients with pre-existing conditions , and allows children to remain on their parents’ insurance plan until they reach the age of 26. In participating states, the act also expanded Medicaid , a government program that provides medical care for individuals with very low incomes.
In 2011 many premium payers, insurance experts, economists and health care professionals wondered why the insurance industry was demanding higher premiums if their profits were shooting up The insurance industry said it was so that they could prepare for a sudden rush in demand, which they claim would be considerable when the recession was over.
The company has won numerous accolades over the years and has recently been honoured with awards like the Infosec Maestros Awards – 100 Top CISO 2015 for the second time in a row and Health Insurance Provider Award by Money Today (of India Today Group) and Financial Planning Corporation (India) Pvt.
Insurance premiums vary from insurance company to company, the excess level individually chosen (franchise), the place of residence of the insured person and the degree of supplementary benefit coverage chosen (complementary medicine, routine dental care, semi-private or private ward hospitalisation, etc.).