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Govinda Raju

useless medical isurance

In the budget 2018, tax exemption for premium paid towards medical insurance policy is raised to Rs 50,000/- for senior citizens. But it is of no use, as these policies are useless unless you get hospitalised. These policies do not provide benefits for routine consultations, regular tests required for senior citizens, which does not need hospitalisation.
The medical policies should also cover out of hospitalisation expenditure such as concession in consultation, lab tests exc. for policy holders. more  

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Gopalakrishna P.v.
dear govindaraju, please consult your health insurer before you come to a conclusion. now a days there are several changes in the regulations of health insurance. Health insurance is an utmost necessity now a days, that too for a senior citizen. Every insurer provides different type of protections. more  
DEEPAK OBEROI
Government must remove GST on the premium paid on Medical Insurance by Senior Citizen. more  
Prof. Kantharaj G
Is the finance minister has common snse on such Insurance and carelessly put exhorbitant GS sorry to say the least. more  
UDAY GB
Over and above denial of the Claim and/or delaying he same for silly reasons is additional tatties with the halp and assistance of the So called Service Providers. Moreover the inaction from the Authorities is more alarming. more  
Sridhar Alwar
It appears that most people have not understood the concept of term insurance and looking at it like life insurance,wherein you get some sort of return on your payments. Term insurance are a cover for some future incidents which may happen or not In fact in my opinion, life insurance it itself a misnomer as death is certain and how one can cover such a eventuality : it should be life assurance more  
UDAY GB
That is the reason these Companies are making roaring Business. more  
Govinda Raju
why don"t some body start a petition to include regular check up and consultations in the medical insurance more  
Anoop Chaudhary
Next year this will be increased to Rs. 50000/- This is certain unless tax payer is allowed deduction either on the basis of premium or as a standaRrd deduction, as per choice of taxpayer. more  
Prof. Kantharaj G
Even the New India Assurance co ltd has increased yearly premium from rs 11000 to 29,000 - 150 percent; is there any sense to the Govt, i heard It is recommended by Modi and finance minister. Both are great peopl wnt a pensioner like me to commit suicide.
retd. teacher kantharaj more  
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