Invest In Tax Saving Mutual Funds Online
If the insured has multiple policies, claim will be divided among all
MOST organisations these days offer group health insurance to their employees.
But, it is important to buy a personal health insurance too. This will ensure continued health cover for you and your family even if you change jobs. But, in case one is required to make a claim in case of hospitalisation, how does multiple insurance work?
Can an individual claim hospitalisation expenses from more than one company? The answer is yes and no. While, it possible to claim from more one company for the same hospitalisation, but one cannot claim more than the expenses incurred. Health insurance policies or mediclaim, as they are popularly known are mostly offered by non-life insurance companies. So, in case something happens and the insured has multiple health covers, the claim will be divided among all insurers, depending on the sum assured.
Group health insurance schemes are pretty wide in terms of coverage and features. For instance, pre-existing illnesses, maternity are instantly covered, which most individual policy covers after a waiting period. Ideally, at the time of buying additional cover; you must inform your company if you are already covered under any other health insurance policy.
So, is it beneficial to buy multiple policies? The answer is subjective. One can have multiple policies from different companies, depending on an individual's healthcare needs. For ex ample, one may take multiple policies to cover many illnesses or take policies from different companies to make sure hospitalisation is cashless.
Many life insurance companies have become aggressive player in the health insurance category.
Most life insurance companies are offering comprehensive health insurance and also offer riders that give health-related benefits even to critical illness. But life insurance companies that offer benefit pay out products. So in case of hospitalisation, you can claim from both non-life and life insurance companies. Life insurance company pay sum assured once the event occurs, irrespective of the expense incurred.
"One should not think about stocking up instead.
Instead, he/she must make decision based on their needs. Instead of buying many policies, it is better to buy a health policy that insures the maximum number of illnesses. One can opt for the second insurer, if the highest cover provided by the first company is not sufficient," said an official of Life Insurance Corporation of India (LIC).
Technically, there is nothing wrong in having different policies, as claim settlement is usually smooth. At the time of settlement, insurance companies ask for true copies of all hospitalisation documents, such as discharge cards.
Advantage of having a health insurance cover from a non-life insurance company and a life insurance company is that you can claim from both the companies separately. Issuers of fixed benefit policies usually do not insist on original hospitalisation documents.
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- ICICI Prudential Tax Plan Invest Online
- HDFC TaxSaver Invest Online
- DSP BlackRock Tax Saver Fund Invest Online
- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Birla Sun Life Front Line Equity Fund
- Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
- Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- Tax Saver MutualFunds Invest Online
- ICICI Prudential Tax Plan
- HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
Posts
![[ Registered ]](http://www.diarist.net/registry/button.gif){kind=small}
No comments:
Post a Comment