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16 June 2021
09:22 hour

Getting health insurance through work now costs nearly $20,000

CNN Money Top Stories

08/02/2021 - 22:45

Family health insurance now costs employers and workers nearly $20,000 a year, on average, according to a new report.


READ THE FULL ARTICLE ON CNN MONEY TOP STORIES

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  1. Can second Covid-19 wave lead to increased penetration of health insurance in India (26/05/2021 - Financial Express)
    The way claims have been coming in for the health insurance players and burden on the insurance companies—health insurance needs some overhaul. Once this ongoing crisis diminishes one needs to look at how to secure health insurance for the family as well as how the insurance companies write the risks.
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  2. How much does a Rs 5L health insurance plan cost? Check premiums for 20 options (22/04/2021 - Financial Express)
    In these times of skyrocketing medical costs, it won’t be wrong to suggest that your health insurance policy should have a coverage size of at least Rs 5 lakh-Rs 7 lakh.
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  3. Top 13 Rs 15 lakh super top-up health insurance plans – Compare premiums (02/04/2021 - Financial Express)
    Opting for a super top-up plan is likely to be the most cost-effective way to further enhance your family’s health insurance protection ambit to be better in line with the skyrocketing medical costs.
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  4. Health Insurance: Do you have health cover for Covid treatment? (09/05/2021 - Financial Express)
    While it is ideal to have comprehensive health insurance, you can opt for standard health insurance policy or a short-term Covid specific cover
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  5. Arogya Sanjeevani health insurance policy: Benefits, limitations to know before buying (28/04/2021 - Financial Express)
    The policy is most suitable for young first-time health insurance buyers or someone looking for an affordable health insurance policy that covers the basics.
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  6. How to choose a health insurance policy (23/03/2021 - Financial Express)
    Youngsters, who are in their prime of health, usually do not feel the need for health insurance. However, with increasing sedentary lifestyles and environmental factors like pollution and stress, there has been a proportionate rise in health issues, which if not addressed immediately may get complicated in the future.
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  7. Health Insurance: Do you need vaccination for making Covid-19 claims? (18/03/2021 - Financial Express)
    The surge in illness due to Covid-19 infection has resulted in an increase in health insurance claims and demand for health insurance cover.
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  8. Why you need to buy a health insurance policy (15/04/2021 - Financial Express)
    Even if you have group health insurance from your employer, it is good to buy a health plan that covers specific risks faced by you and your family
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  9. What makes a cashless health insurance policy a must-have during COVID-19 pandemic? (16/02/2021 - Financial Express)
    The concerns of those who are getting hospitalised are being compounded due to the prohibitively high costs of treatment. This has taken a toll on the financial health of such individuals and their families.
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  10. Star Health Insurance partners with PhonePe to offer Digital Health Insurance – Check features (10/02/2021 - Financial Express)
    Through PhonePe’s digital platform, both partners are aiming to provide easy accessibility to its Arogya Sanjeevani health insurance policy, especially to the millennials.
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  11. Protect your life by purchasing not only health insurance but also term insurance: Parag Raja (05/05/2021 - Financial Express)
    The reforms in the second wave are expected to increase not only the country's insurance penetration rate but also lead to a conscious shift in the insurance product mix.
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  12. How top-up health insurance policy helps you pay less premium for higher coverage – Explained (06/04/2021 - Financial Express)
    A top-up health insurance policy is like a supplemental health insurance plan that helps you enhance the coverage level while at the same time keeping the premium affordable.
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  13. Insurance companies to offer Mashak Rakshak policy from April 1 – Should you opt for it? (25/03/2021 - Financial Express)
    If bought as an additional cover, over and above an existing health insurance policy, the vector-borne diseases policy could compensate for the loss of income with its lump-sum payment, while the standard health insurance policy covers the hospitalisation expenses.
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  14. Health Insurance: Should you consider Rs 1 crore health cover? Find out (28/03/2021 - Financial Express)
    Having a health insurance policy with the sum assured of Rs 5-10 lakh would not be enough to cover most serious ailments.
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  15. ?Are Corona virus health insurance plans a substitute for Mediclaim? (02/03/2021 - Financial Express)
    The need to buy health insurance coverage for self and family is to avoid dipping into one's savings to meet the cost of hospitalization.
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  16. Senior citizen health insurance Vs Regular health plans: Which is better for senior citizens? (14/06/2021 - Financial Express)
    Today health insurers have come up with impressive comprehensive health insurance plans for senior citizens that are curated to offer adequate financial security at affordable prices.
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  17. How much do you need to pay for a Rs 15L super top-up health plan? Compare offers (13/05/2021 - Financial Express)
    A super top up medical plan is similar to a regular health insurance policy as both cover hospitalisation costs subject to coverage limits among other terms and conditions.
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  18. Buying health insurance online? Here are some key factors to consider (17/02/2021 - Financial Express)
    Most people wait for a financial emergency to strike and then opt for a policy, but that is not the right approach. Experts suggest one should buy a health insurance cover for self and family members even before they start saving.
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  19. Life Insurance and Health Insurance: Why to get insured and which cover is essential? (11/06/2021 - Financial Express)
    The aim of taking insurance is getting financial protection against a risk, where uncertainty is there about timing and/or occurrence of an insurable event.
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  20. PLUM: Group health insurance made fast and simple (06/06/2021 - Financial Express)
    The platform enables real-time insurance design and pricing to enable firms to buy insurance in three clicks
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  21. Is it necessary to get a higher cover policy at the moment? Find out (05/05/2021 - Financial Express)
    Health insurance claims are seeing inflation of over 10 per cent per annum. Without proper health insurance coverage, any kind of hospitalization, as a result of COVID-19 infection or for any other reason will sure to leave a hole in your pocket.
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  22. Rise in health insurance renewals – Rush towards wellness products (10/06/2021 - Financial Express)
    Consumers are now using their wellness points during the health insurance renewal to avail discounts on the premium.
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  23. How top-up health insurance plans give you more coverage at a lesser premium? Find out (13/05/2021 - Financial Express)
    Top-up plans are generally considered a safety net that helps if one exceeds the limit of their normal health insurance plan.
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  24. What you need to know before buying a Covid-19 Health Policy? (28/04/2021 - Financial Express)
    One of the small reliefs is that insurance companies do cover this ailment under the health insurance plans, and few of the insurers have also come with dedicated plans to make things better for the new buyers during this crucial period.
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  25. Health insurance: Stopping arbitrary hikes in premium (28/03/2021 - Financial Express)
    Irdai steps in at a time when several insurers have hiked premium of health insurance policies citing regulations for wider coverage and standardisation of exclusions
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  26. Embedded Value: Life & health insurance more critical today (29/04/2021 - Financial Express)
    Death due to Covid is covered under any life insurance policy while Covid patients are fully covered by any standard health insurance policy
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  27. Our Money: Overcoming the challenges in the health insurance sector (23/02/2021 - Financial Express)
    Digital health is here to stay as we are likely to see a rise in telemedicine and online video consult services along with remote chronic care management. These services are expected to become a part of health insurance offerings in future. Further, business done virtually will be the new normal, whether through digital channels or some of the more traditional channels becoming digitally enabled.
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  28. Wellness benefits in health insurance: Here is all you need to know (18/02/2021 - Financial Express)
    Insurers are rewarding the policyholders with a range of services that are simply a value-addition to the health insurance coverage offered at no additional expense, referred to as wellness benefits.
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  29. How much does a Rs 15 lakh super top-up health insurance plan cost? Check out the premiums (12/02/2021 - Financial Express)
    If you are planning to purchase a super top-up health insurance plan, ensure you compare your options to find the deal that best meets your requirements.
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  30. Interview | Not just Group Health Insurance policy, ACKO is a comprehensive health benefits platform: Janani Viswanathan (03/06/2021 - Financial Express)
    Acko said its new-age digital Group Medical Coverage (GMC) provides comprehensive health benefits that focus on primary care and wellness, besides hospitalisation insurance, all in one ACKO mobile App.
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  31. Soon, keep Life, Health, Car, Term and all other insurance policies in Digilocker (10/02/2021 - Financial Express)
    Insurance via Digilocker: The regulator has said that the insurance companies should inform retail policyholders about the Digilocker facility and how to use it.
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  32. Smart tips for buying a comprehensive health insurance plan amid pandemic (15/06/2021 - Financial Express)
    Purchasing an insurance plan is always advisable. While old age is not a barrier, it is always better to buy an insurance plan early in life for it can prove to be of great help in old age.
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  33. Buying new life, health or motor insurance policy? Know if physical certificate is mandatory or not in 2021 (18/03/2021 - Financial Express)
    Certificate of Insurance rules in India 2021: The physical version of the electronic insurance policies need not be issued when electronic insurance policies are issued through the platform of registered Insurance Repositories.
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  34. How health insurance can ensure that your financial planning journey does not get derailed? (27/02/2021 - Financial Express)
    In your quest for financial independence, make health insurance your travelling companion. The plan would protect your finances and ensure that your journey does not get side-tracked or that you don’t have to take any detours along the way.
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  35. Your Queries (Health Insurance): Some insurers have cap on expenses on certain medical procedures (09/02/2021 - Financial Express)
    This varies as per the product guidelines of the insurance firm
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  36. General Insurance: Premium growth at 7% in FY21 due to retail health, fire (29/04/2021 - Financial Express)
    Share of retail health in overall general insurance premiums (ex-crop) increased to 16% in FY21 from 13% over FY2018-20
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  37. Mother’s Day: How to buy health insurance specifically for young mothers? (07/05/2021 - Financial Express)
    If your policy covers maternity benefits, costs incurred during hospitalisation as a result of maternity will be covered up to the sum insured limit. In some instances, the cover is also available for any medical complications of the newborn child.
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  38. Buying a family floater health plan? Keep these important things in mind (01/06/2021 - Financial Express)
    Health insurance policies are usually available in two variants when it comes to covered individuals -- individual health policy and family floater health policy.
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  39. Health Insurance: Get cashless Covid-19 claims within one hour (02/05/2021 - Financial Express)
    Irdai has ordered health insurance companies to settle cashless claims of Covid-19 patients within an hour of receipt
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  40. Can I get life insurance if I’m over 50? (03/04/2021 - The Motley Fool UK)
    Is over 50s life insurance a thing? Absolutely – here’s everything you need to know about life insurance for over 50s, and some tips on finding the right deal for your needs. [top_pitch] How does over 50s life insurance work? Over 50s life insurance is a life insurance policy open to people aged between 50 and 85. How it works is simple. You pay an agreed sum every month, known as a ‘premium’. If you keep up your payments, your loved ones will receive a lump sum when you die. They can use the money to cover costs like funeral expenses. Over 50s life insurance covers you for the rest of your life.  There’s no limit on what your family can use the money for. So, they can gift the money to other family members, or pay off existing debt. Whatever your loved ones do with the cash, you can relax knowing that they’re provided for after you die.  Is acceptance guaranteed? Yes. There’s no need for a medical exam, and you usually won’t need to answer many health questions, either. So, even if you’re not in the best health, or your lifestyle isn’t great, you’ll get over 50s life insurance. That said, most life insurance policies have a waiting period of between one and three years before they’ll pay out. If you die before the waiting period expires, your family will only get your premiums back – not the lump sum.  How much is over 50s life insurance? The costs vary depending on a few factors, including how old you are when the policy starts, and the amount of cover you want. You can get life insurance cover from as little as £5 per month, depending on the provider.  How much cover do you need, though? Here are some factors to consider: Mortgage payments: if you still have a mortgage, make sure the payout is enough to clear what’s left of your home loan. Living expenses: think about how much money your partner will need to cover costs like groceries and utility bills if you’re gone.  Funeral costs: funerals are expensive, so make sure the policy covers the costs.  And if you have any dependants, like children or grandchildren, factor in how much they’ll need to cover their day-to-day essentials, too.  [middle_pitch] Where can I find over 50s life insurance? You can either apply directly to life insurance providers or use a price comparison website to compare a few deals.  Whichever method you choose, be sure to shop around. And, if you decide to compare quotes, don’t just rely on one price comparison website. You’ll probably get a better deal if you try out a few websites. Is over 50s life insurance right for me? It depends on your personal circumstances:  If you’ve got dependants, and you still have large bills like mortgage payments, a life insurance policy can give you much-needed peace of mind. On the other hand, you might find it better to simply plan for your retirement by putting more money into a pension instead. Life insurance is just one of many ways to plan for the future – it’s not right for everyone. For example, you might consider a simple funeral plan, or income protection insurance, instead. Takeaway Over 50s life insurance can help you plan for the future without worrying about how your family will cope financially upon your death. If you want to open your own policy, give some thought first to how much cover you’ll need, and shop around before committing to a plan.  Here’s one final thing to remember: depending on how long you pay into the policy, you could actually get out less than you pay in. So, if you’re in your early 50s, you might find it’s better to try out other forms of estate planning instead.  Need more help? You can get pension and life insurance guidance from the Money Advice Service. You can contact the Law Society for assistance in finding a solicitor to help with estate planning.  “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! More reading 7 common bank charges and how to reclaim them What is an RFID chip, and what does it do? Here are my 5 steps to try and become an ISA millionaire The best shares to buy now for my ISA. Here are 2 of my favourites A top penny stock I’d buy in my ISA in April The post Can I get life insurance if I’m over 50? appeared first on The Motley Fool UK.
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  41. How to renew your lapsed life, health and motor insurance policy (18/04/2021 - Financial Express)
    If any of your insurance policies has lapsed due to unavoidable circumstances, there are ways how you can review or renew your lapsed insurance policy.
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  42. The Wall Street Journal: Rising insurance costs are threatening Florida’s real-estate boom (26/04/2021 - Market Watch)
    Florida’s property-insurance market is in trouble, as mounting carrier losses and rising premiums threaten the state’s booming real-estate market, according to insurance executives and industry analysts.
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  43. Systematic Investment Plans: At no extra cost, get insurance up to Rs 50 lakh with mutual fund SIP! (06/05/2021 - Financial Express)
    The insurance cover is in the form of term insurance and will be available as a group insurance policy.
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  44. Is Bupa worth it? (22/04/2021 - The Motley Fool UK)
    Bupa is one of the leading private health insurance providers in the UK. But, in a country with one of the most efficient healthcare systems in the world, which excels at making affordable healthcare accessible to all, is Bupa really worth it? Let’s find out. [top_pitch] How big is private health insurance in the UK? If you ask anyone to name things the UK should be proud of, the NHS is likely to be near the top of the list. Despite this, approximately eight million people in the UK (13% of the population) currently have private health insurance. Most access private health insurance as part of their employee benefits package. Others pay for it themselves, just as they do for car insurance or home insurance. The biggest private health insurance providers in the UK include: Bupa Aviva AXA PPP The Exeter Saga What is Bupa? Bupa is the British United Provident Association, which was founded in 1947 when 17 British provident associates joined together to provide healthcare to the whole of the UK. Today, Bupa is a global healthcare business. In the UK, the company provides a diverse range of healthcare products, including health insurance, health centres, care homes, travel insurance and dental care. What kind of health insurance does Bupa offer? Bupa offers two levels of private health insurance: Comprehensive: This is the highest level of health insurance cover. It offers private diagnosis, treatment and aftercare for all eligible medical needs. Treatment and care: This covers the cost of private treatment for those who are happy to be diagnosed by the NHS but would like to be treated privately. How much does Bupa insurance cost? Like all other private health insurance policies, the cost will depend on the type of cover you choose. It will also be influenced by your age and other personal factors including your weight, where you live, your previous medical conditions and whether you are a smoker. Private health insurance premiums are typically around £1,500 per year, so that’s what you should probably budget for. You can also get a personal quote by visiting the Bupa website. [middle_pitch] What are the pros and cons of Bupa insurance? When working out whether Bupa is worth it, it’s important to consider the pros and cons. Pros Cancer care is included as standard, with access to breakthrough cancer drugs and treatments. Live 24/7 GP consultations are available through the Babylon app. Bupa covers more mental health conditions than any other leading UK insurer. Health advice is available 24/7 through the ‘Anytime HealthLine’ helpline. Cons Bupa does not cover claims arising from pre-existing conditions  There’s no cover for chronic conditions (e.g. heart disease and high blood pressure) or allergies. So, is Bupa worth it? There is no definitive answer to the question of whether Bupa is worth it. As the Money Advice Service points out, you essentially get free treatment on the NHS, so you only really need private medical insurance such as Bupa if you: Prefer not to wait for NHS treatment Prefer not to use the NHS and favour private hospitals instead Want coverage for drugs and treatment you can’t get on the NHS, such as eligible breakthrough cancer drugs. It’s worth noting that medical insurance paid by an employer, including Bupa, is considered to be a taxable benefit by HMRC. If you get private health insurance as part of your employee benefits package, you may pay more in tax. It’s a tricky situation, but it boils down to whether the additional tax costs outweigh the potential benefits of private health insurance like BUPA. Ultimately, it will be down to you to consider your personal circumstances and determine whether Bupa is worth it for you.  “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! More reading 2 stocks to buy for the FTSE 100 recovery Should I invest in Lloyds now as its share price dips? Should I buy musicMagpie (MMAG) shares? UK motorists to see biggest drop in car insurance costs in 6 years! Here’s what I’d do about the GlaxoSmithKline share price right now The post Is Bupa worth it? appeared first on The Motley Fool UK.
    [visit article]
  45. What’s your thoughts on Teladoc Inc ($TDOC)? (07/04/2021 - Reddit Stocks)
    Teladoc Health, Inc. provides virtual healthcare services on a business-to-business basis in the United States and internationally. It covers various clinical conditions, including non-critical, episodic care, chronic, and complicated cases like cancer and congestive heart failure, as well as offers telehealth solutions, chronic condition management, expert medical services, behavioral health solutions, guidance and support, and platform and program services. It serves health employers, health plans, hospitals, health systems, and insurance and financial services companies. I like this stock for the reason that, I it could revolutionise American Health care. The Telehealth sector is here to stay after the pandemic, across rural America it’s hard to get care and some hospitals have even closed. Getting Health Care Was Already Tough In Rural Areas. The Pandemic Has Made It Worse. This sector of society will still need medical care, having the ability to visit a virtual doctor could be life changing. Even for people who don’t have insurance Teladoc is relatively affordable. With insurance, General Medical visits can be as low as $0 (based on your benefits) per visit. Without insurance, General Medical is $75 per visit. I know Amazon is looking to move into this space. However Teladoc is already established and when Amazon Prime began, Netflix didn’t die off. Happy to be proved wrong. I’m just bullish because I like the idea of making healthcare more accessible to more people.   submitted by   /u/IWannaPumpTheresa [link]   [comments]
    [visit article]
  46. The Moneyist: My boyfriend agreed to go part-time to look after my teenage kids. I paid him $650 a month. We split up — and now he’s crying foul (16/04/2021 - Market Watch)
    ‘Since we have separated, I gave him a car, paid for his phone, paid for his car insurance and his health insurance.’
    [visit article]
  47. The Moneyist: My boyfriend agreed to go part-time to look after my teenage kids. I paid him $650 a month. We split up — and now he’s crying foul (16/04/2021 - Market Watch)
    ‘Since we have separated, I gave him a car, paid for his phone, paid for his car insurance and his health insurance.’
    [visit article]
  48. ICICI Lombard partners with Flipkart to offer Hospicash insurance to consumers (17/02/2021 - Financial Express)
    The Hospicash insurance policy will provide consumers with an extra allowance to not just cover emergency medical expenses’ but also travel and post-discharge costs and compensation for loss of income during hospitalization.
    [visit article]
  49. Aditya Birla Health Insurance Activ Health to offer up to 100% return on premium – Check features (24/02/2021 - Financial Express)
    The plan is offering up to 100 per cent premium returns, rewards and up to 100 per cent reload of Sum Insured through its enhanced version of Activ Health policy.
    [visit article]

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