Do you know the difference between a Top-up and Super Top-Up plans of medical insurance?

(This article analyses different scenarios where top-up or super top-up plans are useful) The Top-up plan of health policy covers hospitalization expenses when a single hospitalization claim exceeds the base policy. You cannot make a subsequent claim under the top-up policy when the sum available under the base policy is exhausted. In other words, the…

How your health insurance claim can be much lower than the actual hospital bill?

Of-late, complaints against health insurance companies have gone up largely on account of dissatisfaction with claim settlement. This is mostly because customers are unaware of common features in health insurance policies that relates to sub-limits. Normally, almost all health insurance policies have specific cap called sub-limits to the sum insured under which the insurer will…

RBI announces On-tap Authorisation of Payment Systems

In order to benefit from diversification of risk as also to encourage innovation and competition, Reserve Bank on 15th October 2019 announced to offer on-tap authorisation for the following entities:   Bharat Bill Payment Operating Unit (BBPOU).  Trade Receivables Discounting System (TReDS).  White Label ATMs (WLAs). The entities desirous to function / operate / provide platforms…