You can get a ₹ 1 Crore health cover at just ₹ 10k p.a.🤯

No absurd assumptions or riders, promise🙏

Read on, I'll teach you how to get it 👇👇

And everything about Health Insurance 🤩

1/ Get a health cover of ₹10L and super top-up of ₹90L

Super top-up plans are generally less expensive

It offers financial relaxation when hospital bill crosses your base cover

But are such plans available at <10k pa for a 25 yo?🤔

Yes!🤩 Read to know more about riders👇
2/ How should I choose my insurance company?

Go to IRDAI's website and check for their Annual Report

See which all insurers have:

1. Claim Settlement Ratio of 90-95%+ AND
2. Incurred Claims Ratio of >70-75%

Choose any one of them!
3/ Room Rent Limit

This is a very important limit

If room rent limits get triggered,

you'll have to bear other expenses on pro-rated basis

e.g., Room Rent limit 3k, amount incurred 5k

Then you will have to bear other expenses also to the tune of 40% [(5k-3k)/5k]
4/ Co-Pay Limits

Co-pay is the share payable by the insured and insurer

Make sure you get 100% paid by the insurer

GOLD HACK: Unless, your parents' premium is too high, you can get 20% co-pay option and reduce it
5/ But my company has Health Insurance for me

I've seen how corporate plans are like

You will end up paying a good chunk from your pocket

Moreover, no one will take care of you / your family once you start-up

Or fall sick between joining one company and the other
6/ Why Health Insurance at all?

Good healthcare in unfortunately private in India, just like US

There is a famous saying in the US,

"You will have to sell yourself to get treated in America."

Healthcare inflation in India is 14% p.a.

GET ONE TODAY!!!
7/ Restoration Benefit

Say, you got ill once and bill was INR 8L

You get ill again, and the bill is 5L

Base cover was 10L and you don't have super-top up

Restoration benefit will save you here. It replenishes even if you exhaust it in the same year
8/ Buy it for 1 year or 3 years?

Because Medical inflation in India is increasing at 14% p.a.,

so will the premiums.

Lock lower premiums today, if your pocket allows!
----
More on Health Insurance for some other day
More exciting Personal Finance threads coming soon

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1. IQ is one of the most heritable psychological traits – that is, individual differences in IQ are strongly associated with individual differences in genes (at least in fairly typical modern environments). https://t.co/3XxzW9bxLE


2. The heritability of IQ *increases* from childhood to adulthood. Meanwhile, the effect of the shared environment largely fades away. In other words, when it comes to IQ, nature becomes more important as we get older, nurture less.
https://t.co/UqtS1lpw3n


3. IQ scores have been increasing for the last century or so, a phenomenon known as the Flynn effect. https://t.co/sCZvCst3hw (N ≈ 4 million)

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4. IQ predicts many important real world outcomes.

For example, though far from perfect, IQ is the single-best predictor of job performance we have – much better than Emotional Intelligence, the Big Five, Grit, etc. https://t.co/rKUgKDAAVx https://t.co/DWbVI8QSU3


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#24hrstartup

The winners 👇

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Congrats Chris on winning $250!


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https://t.co/5KkveJTAsy

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Really impressive for 24 hours. Congrats!


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https://t.co/og0B7gmkW6

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Dalton is a beast. I'm so excited he placed in the top 10.


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https://t.co/86Ay6nF4AY

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