Why don't health policies don't cover non-allopathic treatment?There are several Ayurvedic hospitals in the approved list of institutions of my third-party administrator (TPA). If I am not be able to file a claim for treatment availed in any one of them, what is the purpose of including their name? Most insurance companies do not cover non-allopathic treatment but there are a...
Royal Sundaram Alliance Insurance Company Limited has announced the appointment of Ramkumar Krishnamachari as the Chief Financial Officer. Ramkumar comes on board with 17 years national and global experience in Finance and Accounting. Speaking on the appointment, Managing Director Ajay Bimbhet, said: As the insurance industry moves rapidly towards a challenging and exciting phase in...
It also covers baggage delays and late flights, and pays for hijack distress, besides a host of medical expenses when you're abroad. This has reference to your response to a query on travel insurance. Apart from medical insurance, is there anything that will cover loss or damage to luggage and travel documents such as passport and traveller's cheques? And is there a product that...
A health plan only covers hospitalization costs due to illness or accident, while accident insurance covers disability or death resulting from a mishap. My agent advises me to take accident insurance although my health plan covers mishaps. Does it make sense? It is important to make the distinction between a personal accident cover and a health plan. It is possible to get a high ...
Insurers engage third party administrators to control costs and reduce turn around time; TPAs also offer specialzed services such as ambulance referral, surgeon/specialist referral. Why can't my insurer settle my claim directly with me? Why do I have to approach a third party administrator? Doesn't a TPA make policy administration, including the cost of my premium, more expensive?...
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