ilmscore | 3 mistakes to avoid while buying health insurance | 2023 - 2024 | CA Rachana Ranade

3 mistakes to avoid while buying health insurance | 2023 - 2024 | CA Rachana Ranade

CA Rachana Phadke Ranade

Published: 2023-10-20

Status: Available | Analyzed

Predictions from this Video

Total: 9

Correct: 0

Incorrect: 0

Pending: 9

Unrated: 0

Prediction

Topic

Status

Medical inflation in India is currently at 14%.

"currently the medical inflation in India is at 14%"

Medical Inflation in India

Pending

Currently, 2/3rds of medical bills in India are paid out-of-pocket.

"in India currently 2/3rd of the medical bills are paid as an out of pocket expense"

Out-of-pocket medical expenses in India

Pending

It is advisable to plan for contingencies, such as by obtaining insurance, well in advance rather than waiting until a need arises.

"you should plan for your contingencies now whenever I'm talking about insurance, insurance is something that is very useful for you in case of contingencies"

Health Insurance Planning

Pending

Obtaining health insurance while young and healthy results in lower premiums and greater insurer willingness to provide coverage.

"when you are young and healthy that is when even your overall insurance premium will be less and almost all insurers will be willing to cover your health."

Health Insurance Premium for Young and Healthy Individuals

Pending

Medical inflation in India is currently 14%.

"currently the medical inflation in India is at 14%"

Medical Inflation in India

Pending

Two-thirds of medical bills in India are paid out-of-pocket.

"in India currently 2/3rd of the medical bills are paid as an out of pocket expense"

Out-of-Pocket Medical Expenses in India

Pending

Corporate health insurance plans typically have no waiting period.

"typically in corporate plans there is no waiting period"