I want to buy a health insurance for the entire family. The policy should have low annual premium,available for all hospitalisation,covers all diseases and doctors fee,medicines,all clinical checkup,and validity throughout India. Which policy should I buy?Ajoy Bannerjee,Kolkata The kind of policy you want does not exist. All policies have certain permanent and temporary exclusions. Common examples of permanent exclusions are hospitalisation expenses for HIV/AIDs or sexually transmitted diseases,losses due to act of terrorism,non-allopathic treatment,and radioactivity from nuclear waste from the combustion of nuclear fuel. Temporary exclusions are normally hospitalisation expenses incurred on or after 30-90 days of the first policy such as cataract,hernia,dialyses,etc. Also,they cover costs of hospitalisation only (pre hospitalisation and expenses related to the stay in the hospitals are covered for a limited period). Most policies will exclude hospitalisation costs arising from a pre existing disease for a certain number of years. Most policies of course tend to be valid across the country and will also cover eligible expenditure incurred in any validly registered hospital (although cashless facility may be available only for a limited number of hospitals). Most policies will cover doctors fee and medicinal expenses paid during hospitalisation,though some have a sub-limit of these expenses within the over-all limit. Some policies will also cover outpatient treatment upto certain limit. Apollo Munich Health Insurance has introduced one such plan by name Apollo Munich - Maxima. My native place is Kolhapur however,I am working in Mumbai. I want to buy a plot / apartment in Kolhapur. Can I get a home loan for a property in Kolhapur even though I am working in Mumbai? Kamaal Khan,Mumbai You can get a home loan to buy a house in Kolhapur even if you work in Mumbai. The loan sanction will be subject to your income. It is advisable to take a loan from a bank,which has branches in both the cities. No tax deductions are available on loan on a plot. However,if you construct the house within a reasonable period from purchasing the plot,you will be able to claim tax benefits on the loan taken for the plot as well as for the construction of house. How do loans against credit cards work?Sheetal Vohra,New Delhi Banks provide this loan to credit card customers with a high credit standing. This means that if you have been using a particular banks credit card for some time and you have a good payment track record,then you are most likely to be eligible for a loan on credit card. Some banks limit or block the cash withdrawal limit on your credit card to the extent of loan you have taken. For the rest,loan on credit card works like a personal loan - with a processing fee,repayment in monthly installments and prepayment facility,but often with a hefty pre-payment charge. This is useful only when there is an urgent need for liquid funds. Expert is CEO,Apna Paisa,For your personal finance queries mail us at expressmoney@expressindia.com
