Knee transplant is now costing Rs 5.50 lakh

Many emails /phone calls which are received by us ask us the cost of specific treatment so that the sum assured is taken for suitable amount.

Today I met a person who has recently gone for knee transplant in New Delhi and the cost he has incurred is Rs.5.50 lakhs( 550,000).

Costs are going up.It is better to go in for higher sum in the beginning rather than realizing at the time when you need the insurance that you are having underinsurance.

Health Insurance figures for the year ending March 2009 are available

Provisional Health Insurance figures for India for the year ending March 2009 are now available.

At Rs. 6500 crores this shows an increase of 30%. I personally feel the figure should be higher because of the fact that various schemes implemented by the Government of India for below the poverty line persons were implemented during the year. We were talking of crores of persons being insured. If that was true then 5 crores persons would have added Rs 400 crores, may be the impact of cut throat competition has resulted in group health insurance policies being issued at very low rates.

Let us watch as updated statistics will become available in the coming months.

What should be sum assured in health insurance policy?

What should be sum assured in health insurance policy?
This is a very common question which we come across from those visiting www.healthinsuranceindia.org

Hindustan Times of 8th April 2009 has carried some statistics and these are;