What Is Air Conditioner – What Is Its Types And How It Works 2018

How To Purchase Air Conditioner And Select The Ton Size – 2018

What Is Air Conditioner – What Is Its Types And How It Works 2018Know better about Air Conditioners – Now these days, as the summers are getting hotter day by day, the people are inclining to having an AC rather than a water cooler or fan. And while purchasing they have got lots of questions in their mind about ton size, brand and star ratings. Here in this article we are going to cover all these topics and questions which usually came across your mind when you went to buy an air conditioner.

What is Air Conditioning

Air Conditioning is the process of removing heat and moisture from the interior of an occupied space, to improve the comfort of occupants. It can be used in both domestic and commercial environments. It is also use to cool/dehumidify rooms filled with heat producing electronic devices, such as computer servers, power amplifiers and even to display and store artwork.

What is Air conditioner (AC)

An air conditioner is a system or a machine that treats air in a defined, usually enclosed area via a refrigeration cycle in which warm air is removed and replaced with cooler and more humid air.

Parts of Air Conditioner

An air conditioner has four parts or we can say components:

  1. An evaporator
  2. A compressor
  3. A condenser
  4. An expansion device.
How Air Conditioner works

Air inside the room comes into evaporator where refrigerant evaporates naturally. This refrigerant absorbs the heat from the air and turns from a liquid to a vapor due to this it gets hot, at the same time the air become colder. This vaporized air then passes in to the compressor, which compresses the vapor to a state of high pressure and higher temperature. Then this hot pressurized gas flows over the third component called condenser. Now here the gas is condensed back into its liquid state as heat is radiated away. Now this cooled off liquid is returned into the home. The expansion device regulates the flow of liquid refrigerant into the evaporator, where again it will absorb heat and so on.

To dehumidify the air, the evaporator coil also wrings out the moisture. Then all this moisture can pool in or drain out of the unit. This whole process makes the room more comfortable, humidity free and cooler.

Types of Air Conditioner (AC)
  1. Window AC: The most common and widely used Air conditioner. In this AC all four components are enclosed in a single box. For Window AC you need to make a slot on the wall or window to install it. They produce lot of noise.
  2. Split AC: The second most common type is Split AC, it comprises of two parts or unit i.e. outdoor unit and indoor unit. Indoor unit comprises of evaporator, expansion device and the cooling fan which is placed on the wall inside the room and outdoor unit comprises of a compressor and a condenser is installed outside the room. They are much quieter than Window AC.
  3. Central AC: Central AC is either a split system unit or a packaged unit. These types of ACs are specially used for cooling a big hall or entire buildings (it could be houses, offices, hotels, shopping malls, movie theaters). In this type, the outdoor unit contains the condenser coil, compressor, electrical components and a fan. The evaporator coil locates inside the room installed on the gas furnace. The refrigerant circulates through the indoor and outdoor unit. And the cooled or condensed air went into the rooms through the duct pipes which act as air tunnels in this centralized AC system. They are also quieter than Window AC.

What does a Ton means in Air Conditioning

You may have heard many times about 1 Ton AC, 1.5 Ton AC or 2 Ton AC. Most of the people are unaware of what does Ton means in AC and while buying an AC they got confused how much ton AC should they buy. So let’s see what does a Ton means.

A ‘ton’ is the cooling capacity of an air conditioning system, where 1 ton is equal to the amount of heat required to melt one ton of ice in a 24 hours period. 1 ton air conditioner is rated at 12,000 Btu per hour and a 2 ton unit would be rated at 24,000 Btu per hour. Typically, residential central ACs can be up to 5 Ton and the commercial central ACs can be range from 3 Ton to 1500 Ton.

What tons size AC do I purchase for my room

This question is very common for everyone who is planning to buy an AC because as ton size increases, the price and power consumption also increases. And who wants to spend money unnecessarily. That is why knowing the correct size is much better. If you buy a less size AC then it will become useless to you and if you buy over size AC then it is also wastage of your money. So we are going to tell what ton size AC will be sufficient for you.

Determining the ton size of Air conditioner for your room is not a difficult task any more. Just measure the length, breadth and height of the room in feet, and calculate it. Now you have the size of your room. According to the standard measurement and environmental conditions an AC can cover upto:

A standard 0.5 ton AC can covers upto the 550 Cu.ft. approx..

A standard 1 ton AC can covers upto the 900 to 1200 Cu.ft. approx..

A standard 1.5 ton AC can covers upto the 1440 to 1950 Cu.ft. approx.

A standard 2 ton AC can covers upto the 2250 Cu.ft. approx.

But you should also have to make some adjustment which depends on the exposure of direct sunlight, number of windows, air flow, electronics items that produce heat such as refrigerator, TV, Desktop computer and etc.

Top 5 Split Air Conditioners in India 2018

  1. Voltas 185 EYR 1.5 Ton 5 Star Split AC:

It is the best Split Ac model in the range of around Rs 30000. This  1.5 Ton AC is featured with 5 star rating, auto restart, LED display on indoor units, LCD remote and timer, Sleep and Turbo mode, Anti-Dust feature, Air vent with a cross flow, hydrophilic Aluminium fin, in place of silver-filters and High EER Rotary Compressor. The only one drawback with this AC is that it has an aluminium coil which makes it cheaper and affordable. Its market price is around Rs 28,999.

  1. LG LSA5PW3A L-Pearl Split AC 1.5 Ton 3 Star:

This Split AC have 1.5 Ton capacity with 3 star Energy saving rating. It works on Himalaya cool technology provides instant cooling to user and monsoon comfort technology which provides the right cooling during high humidity and monsoon season.

Its market price is around Rs 33,900.

  1. Blue Star 3CNHW18CAF/U Inverter Split AC 1.5 Ton:

This is one of the best AC as it has the overall rating of 4.2 out of 5.0. It is a 1.5 Ton capacity inverter Split AC which is an energy saving technology. It has the copper coil which is a far better than an aluminium coil as it is repairable in the future in case of any corrosion. This AC is armored with several features like Antifreeze thermostat, LED display in indoor unit, self-diagnosis, air flow direction, various operating modes (such as Auto, cool, fan, dry, and no heat) anti-corrosive blue condenser fins. It also have several filters such as Catechin filter, silver ion filter, antibacterial filter, anti acarien filter, active carbon filter and dust filter. It will give you the 1 year warranty on the product, and 5 years on compressor. This will make it little expensive, and its cost at market is around Rs 43,000.

  1. Hitachi RAU518HTD Ace CO 1.5 Ton 5 Star Split AC:

It is another one of the best and hot selling model under the Rs 30,000 price range. This 1.5 Ton Split AC has 5 star ratings and powered by several features like auto climate technology, auto fan speed, auto humid control, auto power save mode, auto restart, cool mode, digilock dry mode, filter clean indicator, lower pull down time, wireless LCD remote controller, 4-way air swing, defrosting sensor, on-off timer with advance start-up, silent cooling. The market price of this model is around Rs 27,000.

  1. Kenstar KSM55.WN1-MDA/QDL 1.5 Ton 5 Star Split AC:

This AC is the best for the people who are searching in budget price. As it comes under the Rs 25,000, it can be a good option. This is a 1.5 Ton capacity split AC with the 5 Star energy rating. It will give you the 1 year warranty on the product, and 5 years on compressor. Though its condenser has aluminium coil which is drawback but at the same time it is armored with some advance features like Anti-Bacteria Filter, Auto Clean, Blue Fin Evaporator, Silver ion filter, Dehumidification. Its market price is around Rs 23,990.

Top 5 Window AC in India 2018

The most common AC type seen in India is Window AC. And the main reason behind this is it is cheaper than Split AC, easy to install maintenance and service, best for the smaller rooms as it takes less space.

  1. Voltas 183 CYA Window AC:

Voltas is one of the best and trusted brand in India and this model also justify this fact. Voltas 183 CYA is a 1.5 Ton capacity window AC which offers 3 star energy efficiency rating. It comes with anti-dust filters and copper coil. It also has hydrophilic aluminium Bluefin to protect the condenser from the corrosion. Its market price is around Rs 23,950.

  1. Hitachi RAW312KWD Window AC:

Another second best and trusted brand in India is Hitachi. It offers the good products and the best services to their customers. This window AC model comes in 1 Ton with 3 star ratings. It has copper coil condenser and auto-restart mode with the on-off timer mode. Its silver ion filters efficiently eliminates dust, bacteria, microbes and other germs. Its market price is around Rs 23,350.

  1. LG LWA5CP3A Window AC:

The most trusted and best brand in India is LG which serves the best quality and a vast range of electronic products. This model has 1.5 ton capacity with 3 star energy efficiency rating and copper coil condenser. It also has various features like dual protection filter, automatic fan controller, auto restart features, 4-way air deflection, 2-way auto swing (Left/Right) and manual vanes (up/down). Its market price is around Rs 29,490.

  1. Voltas 185 DY Window AC:

Again Voltas has made the place in this list with its another model, Voltas 185 DY. It has 1.5 ton capacity, copper coil condenser and holds the 5 star energy efficiency rating. It is featured with anti-dust filter, sleep mode with intelligent dehumidification feature. Company provides 1year warranty on the products and 5 years warranty on the compressor. Its market price is around Rs 32,690.

  1. Hitachi RAW511KUD Kaze Plus:

RAW511KUD is another best model from Hitachi for the Window AC in India. This 1 Ton Window AC is featured with 5 star rating, auto climate technology, pre-coated aluminium fins, Kaimin function koukin filter and copper coil condenser. It has 1 year warranty on product and 5 years on compressor. Its market price is around Rs 29,090.

FAQ:

Question 1. What does the star rating means in air conditioner?

Answer: Star rating is provided for customer awareness by Bureau of Energy Efficiency (BEE), Department of Energy Saving, Government of India to help them compare energy efficiency of different models which falls under the same category. This rating is on the basis of EER (Energy Efficiency Ratio) which is calculated by dividing the Cooling Capacity by Power Consumption in Watts.

For example: A 1.5 ton AC have 5275watts cooling capacity and 1650Watts power consumption, so EER of unit is 5275/1650=3.1 EER.

As per star rating parameters by Indian Seasonal Energy Efficiency Ratio (ISEER) It falls under the 1 star rating.

Star Rating Plan (Mandatory Phase)

(Valid from 01-01-2018 to 31-12-2019)

Star Rating                    Min. ISEER                    Max. ISEER

1 Star                             3.10                               3.29

2 star                             3.30                               3.49

3 Star                             3.50                               3.99

4 Star                             4.00                               4.49

5 Star                             4.50                               –

Question 2. Which gas is filled in the Air conditioners?

Answer: Hydrochloroflourocarbons (HCFCs) gas is filled in the AC.R-22, R-410A, R-32 and R-407C are the mostly used gases as a refrigerants.

Question 3. What is a Btu, EER, SEER?

Answer: British Thermal Unit (Btu) is a commonly used unit of measure for energy use in heating and cooling equipment. It is the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit.

Energy efficiency ratio (EER) is a measure of how efficiently a cooling system operates when the outdoor temperature is at a specified level (95°F). A higher EER means the system is more efficient and will use less energy for the same cooling output.

Formula for EER = (Btu/hr of Cooling at 95°F) / (Watts used at 95°F)

Seasonal energy efficiency ratio (SEER) is a measure of efficiency over an entire cooling season, as opposed to a single outdoor temperature. Residential units are rated in SEER. SEER is used as a more practical measure, since the temperature outside is not always 95ºF.

Formula for SEER = Seasonal Btu of cooling / Seasonal watt-hours used

Question 4. Who invented the Air Conditioning unit?

Answer: In 1902, the first modern electrical air conditioning unit was invented by a 25 year old engineer Willis Carrier in Buffalo, New York.

Question 5. How many square feet a 1.5 ton air conditioner can cover?

Answer: A 1.5 ton (18000 Btu) AC unit can effectively cool a 1000 square-foot residence.

Ton size Table for a Room (Square Feet):

Ton Size (Btu)                                   Room Size (Square feet)

0.5 Ton (6000 Btu)                          150-250 Sq. Ft.

1 Ton (12000 Btu)                           450-550 Sq. Ft.

1.5 Ton (18000 Btu)                        700- 1000 Sq. Ft.

2 Ton (24000 Btu)                           1400-1500 Sq. Ft.

Question 6. What is Auto Climate technology in Air Conditioners?

Answer: It is a smart technology feature that distinguishes temperature and humidity in your surrounding environment and regulates the temperature and the fan speed in order to offer contented cooling.

Question 7. Why Kaimin function is used in Air conditioners?

Answer: Kaimin function makes sure sensible usage of electricity and prevents power consumption. It allows the Air Conditioner’s temperature to mechanically increase and sets the temperature every hour to preserve the ease level of the environment.

Question 8. What is the difference between non-inverter AC and Inverter AC?

Answer: 1. Inverter AC’s compressor motor will always remain on while in the Non-Inverter AC it switches On & Off.

  1. The electricity consumption is less in Inverter AC as compared to Non-Inverter AC.
  2. In Inverter AC it reach to desired temperature quickly while it takes time in Non-Inverter AC.
  3. The appliance lifetime is high in Inverter AC while in Non-Inverter AC it is moderate.
  4. An Inverter AC is highly expensive than a Non-Inverter AC.

Question 9. Do HCFCs are harmful to our environment and deplete the Ozone layer?

Answer: Yes, but HCFCs are less harmful to the environment as compared to CFCs and cause less damage to the  stratospheric ozone layer in comparison to CFCs. Even though HCFCs have a zero-Ozone Depletion Potential (ODP), in some cases it has a Global Warming Potential (high-GWP).

Question 10. Why Copper coil is better than Aluminium coil?

Answer: Copper is a better heat exchanger and has a better heat transfer coefficient than aluminium. Copper coils can also be easily repaired and are stronger and durable than Aluminium coils. But aluminium coils are difficult to repair, and when they are damaged, they have to be replaced.

11 Ways to Optimize Gaming Performance and Slow Working of Laptop

How to Boost or Improve the Slow Gaming Speed on PC Laptop 2018

11 Ways To Optimize Gaming Performance And Slow Working of LaptopHow to optimize gaming performance and slow working of your laptop is always a big issue and mostly irritates many PC Laptop users. This is what a pc gamer hates the most,

because today most of the games use High Definition (HD) images. Therefore Graphics card are used specially by the PC Gamers.

Need of Graphics Card – To Optimize Gaming Performance

Why do we still need a graphics card when we already have the CPU and RAM specially for the gaming purpose. To understand this, we need to understand the difference between Graphical Processing Unit (GPU) and Central Processing Unit (CPU) first.

Different Between GPU and CPU

A graphics processing unit (GPU) is able to render images more quickly than a central processing unit because of its parallel processing architecture, which allows it to perform multiple calculations at the same time.

A single CPU does not have this capability, although multicore processors can perform calculations in parallel by combining more than one CPU onto the same chip. A CPU also has a higher clock speed, meaning it can perform an individual calculation faster than a GPU. Therefore, a CPU is often better equipped to handle basic computing tasks.

Types of Graphic Cards

  1. Integrated: Integrated Graphics card are the one which comes inbuilt with the processors or on the motherboard. It is also known as ‘on-board card’ or ‘shared graphic card’. Its graphics systems are built into the same chip as the CPU and uses the system’s RAM. It consumes less power and its processing power is also lower than dedicated graphics card.
  2. Dedicated: Dedicated Graphics card are the external attachment that must be connected to the motherboard. They are also known as ‘discrete GPU’ or ‘discrete graphics card’. It has its own graphics processing unit (GPU) and RAM. It consumes more power than Integrated and generates more heat. It is a specialized peripheral component dedicated solely to managing the graphics performance in a computer.

Read Also –

Now we know the benefits of GPU over CPU and can answer to the question that why do we still need Graphics card and how an external graphics card can optimize gaming performance and slow working of your desktop PC or laptop.

The raw power of a GPU can also be used for other purposes. Many operating systems and software programs now support GPGPU, or general-purpose computation on graphics processing units. Technologies like OpenCL and CUDA allow developers to utilize the GPU to assist the CPU in non-graphics computations. This can improve the overall performance of a computer or other electronic device.

Different Ways to Optimize Gaming Performance & Slow Working of your Laptop:
  1. Keep your desktop pc or laptop clean and dust free.
  2. Update System Drivers (especially Graphics Card).
  3. Install latest DirectX Version.
  4. Check your hard disk for errors and Fragmentation – Run ‘chkdsk’ and ‘disk defragmenter’ if required. For SSD use ‘Trim’ command.
  5. Adjust computer’s Power Settings to ‘High Performance’.
  6. Enable ‘Game Mode’ In Windows 10.
  7. Close unnecessary Background running apps.
  8. Adjust Texture and Shader settings of your Graphics card.
  9. Overclocking of GPU – Use MSI Afterburner Tool.
  10. Upgrade HDD to SSD, as Solid State Drives are much faster than Hard Disk Drives and reduce the game loading time for sure.
  11. Check Network Speed for online gaming.

I hope with the help of these 11 different ways mentioned above, you will be able to optimize gaming performance and increase or boost the slow working of your pc or laptop.

FAQ :

Question 1. Which Graphics Card shall I purchase?

Answer. There are several good companies who manufacture Graphics Card you can choose anyone as per your requirement and budget. Currently in the market Nvidia and AMD are the best manufacturer companies.

Question 2. Is it necessary to install a Graphics card to boost gaming performance?

Answer. No, Graphics card are only required for high definition image games like Battlefield 1, GTA V, etc.

Question 3. Can I run my PC without a Graphics card?

Answer. Yes, if don’t have any task related to HD graphics because graphics card are especially used for HD graphic image processing.

Question 4. I have an inbuilt graphics card on my pc, can I install a dedicated graphics card?

Answer. Yes you can install. It is completely up to you for what purpose you want a dedicated one. Go for it only if you have such requirement otherwise it is useless to spend extra money on it.

Question 5. Which games I can play on my pc without a graphics card?

Answer. There are several games you can play without having a graphics card. Project IGI, Max Payne are some of the examples. You can check the recommended system requirement of the game.

Boost HD Gaming Performance By Top 5 Graphic Cards On Laptop PC

Best 5 Graphic Cards To Improve The Performance Of PC Laptop 2018 –

Boost HD Gaming Performance By Top 5 Graphic Cards On Laptop PCWhenever we talk about HD Gaming performance, the first thing comes to our mind is Graphic Card. Every gamer always have a need of best Graphic Card for its PC. Here in this article we will tell you about the 5 best Graphic cards to boost the HD gaming performance of your PC Laptop.

What is Graphic Card – Definition & Meaning –

A graphics processing unit (GPU) is a computer chip that performs rapid mathematical calculations, primarily for the purpose of rendering images. It has its own cooling system, due to the large amount of power it uses and heat it produces.

Why GPUs Are Used To Boost HD Gaming Performance In PC Laptop –

It is designed to perform floating point operations due to which it rapidly manipulate and alter memory to accelerate the creation of images in a frame buffer intended for output to a display device. This includes both 2D and 3D calculations, though GPUs primarily excel at rendering 3D graphics.

Who Developed World’s First Graphic Card –

On August 31, 1999, NVIDIA introduced the first commercially available GPU for a desktop computer, which was named as ‘GeForce 256’. It could process 10 million polygons per second, allowing it to offload a significant amount of graphics processing from the CPU. It was a “single-chip processor with integrated transform, lighting, triangle setup/clipping, and rendering engines”.

Where GPUs are used –

GPUs are used in embedded systems, mobile phones, personal computers, workstations, and game consoles.

Top Graphics Card Manufacturer Companies In The World –

There are some of the best manufacturers who are known for their Graphics card and they are:

  1. Nvidia
  2. AMD
  3. ARM Holdings
  4. Qualcomm

Read Also –

Top 5 Graphic Cards To Boost HD Gaming Performance

  1. Nvidia GeForce GTX 1080 Ti : Best Graphics Card for Gaming

The GeForce GTX 1080 Ti is NVIDIA’s new flagship gaming GPU, based on the NVIDIA Pascal architecture. The latest addition to the ultimate gaming platform, this card is packed with extreme gaming horsepower, next-gen 11 Gbps GDDR5X memory, and a massive 11 GB frame buffer.

Key Features:

GPU Engine Clock Speed:     1600 MHz

Memory Clock Speed:           11000 MHz

Graphics Memory:                11 GB

Memory Type:                       GDDR5X

Card Length:                          10.5 Inches

Ports:                                      HDMI, Display Port

Required Power Supply:       8+6 pin PCIe

  1. AMD Radeon RX Vega 64 : Best Graphics Card for Laptop

The Radeon RX Vega 64 is a high-end graphics card by AMD, launched in August 2017. Built on the 14 nm process, and based on the Vega 10 graphics processor, in its Vega 10 XT variant, the card supports DirectX 12.0. The Vega 10 graphics processor is a large chip with a die area of 484 mm² and 12,500 million transistors. It features 4096 shading units, 256 texture mapping units and 64 ROPs. AMD has placed 8,192 MB HBM2 memory on the card, which is connected using a 2048-bit memory interface. The GPU is operating at a frequency of 1200 MHz, which can be boosted up to 1536 MHz, memory is running at 945 MHz.

Key Features:

GPU Engine Clock Speed:     1247 to 1546 MHz

Memory Clock Speed:           945 MHz to 1890 MHz

Graphics Memory:                8 GB

Memory Type:                       HBM2

Card Length:                          –

Ports:                                      HDMI, Display Port

Required Power Supply:       8 pin PCIe

  1. Nvidia GeForce GTX 1070 Ti : Best Graphics Card For Video Editing

The GeForce GTX 1070 Ti and GeForce GTX 1070 graphics cards deliver the incredible speed and power of NVIDIA Pascal, the most advanced gaming GPU architecture ever created. They are powered by Pascal architecture to deliver up to 3X the performance of previous-generation graphics cards.

Key Features:

GPU Engine Clock Speed:     1607 MHz

Memory Clock Speed:           4006 MHz

Graphics Memory:                8 GB

Memory Type:                       GDDR5

Card Length:                          10.5 Inches

Ports:                                      HDMI, Display Port, DVI

Required Power Supply:       8 pin PCIe

  1. Nvidia GeForce GTX 1060 : Best Graphic Card for the Money

The GeForce GTX 1060 graphics card is loaded with innovative new gaming technologies, making it the perfect choice for the latest high-definition games. It is powered by NVIDIA Pascal, the most advanced GPU architecture ever created. The GeForce GTX 1060 delivers brilliant performance that opens the door to virtual reality and beyond. 

Key Features:

GPU Engine Clock Speed:     1506 to 1708 MHz

Memory Clock Speed:           10000 MHz

Graphics Memory:                6 GB

Memory Type:                       GDDR5

Card Length:                          9.8 Inches

Ports:                                      HDMI, Display Port, DVI

Required Power Supply:       6 pin PCIe

  1. AMD Radeon RX Vega 56 : Best Budget Graphics Card in India

The Radeon RX Vega 56 is a cut-down version of the RX Vega 64 and is therefore very similar both internally and externally. It occupies two slots worth of space in your gaming PC’s case, and a single PCIe x16 card slot on the motherboard. On the back panel, you’ll find three Display Port 1.4 jacks, and an HDMI 2.0 connector, with support for multiple monitors. 

Key Features:

GPU Engine Clock Speed:     1156 MHz

Memory Clock Speed:           800 MHz to 1600 MHz

Graphics Memory:                8 GB

Memory Type:                       HBM2

Card Length:                          10.5 Inches

Ports:                                      HDMI, Display Port

Required Power Supply:       PCIe 3.0 x 16

These are the top 5 best graphic cards which you can purchase to boost your HD gaming performance. I hope you will like this article.

FAQ:

Question 1. Which graphics cards is the best for GTA 5?

Answer. Nvidia GeForce GTX 660 and above series AMD RadeonHD 7870 and above series are the recommended for the GTA 5 pc game.

Question 2. Which graphics card is the most powerful?

Answer. Nvidia Titan V is the most advanced and powerful graphics card which is powered by Nvidia Volta architecture.

Question 3. What is the best and cheapest graphics card?

Answer. Nvidia: GeForce GTX 1070 – 8GB GDDR5 @ $450

                  AMD: Radeon RX 580 – 8GB GDDR5 @ $300

Question 4. What is the lastest Nvidia graphics cards?

Answer: Titan V is the latest Nvidia graphics cards.

Question 5. Can I change my laptop graphics card?

Answer.  No, it is not possible to change laptop’s graphics card as they are inbuilt GPU.

Question 6. Can I upgrade my laptop to play games?

Answer.  No, laptop cannot be upgraded except for the RAM and Hard drive.

Question 7. Can I setup external graphics card with laptop for gaming?

Answer. Yes, to know the setup process you can search tutorial videos on internet.

Top 5 Medical Health Insurance Cashless Online Offline India 2018

Compare Best Mediclaim or Health Insurance Company Cashless 2018 –

What is Health Insurance – Definition And Meaning

Medical Health Insurance A Medical health insurance policy is a contract between the insurance company and the policyholder, wherein the insurer pays for the medical expenses incurred by the life insured.

The insurer will either provide a reimbursement for your medical expenses or ensure you are eligible for cashless treatment for injuries or illnesses covered under the policy at one of the network hospitals. You can also get tax deductions on the premiums paid towards health insurance under Section 80D of the Income Tax Act, 1961.

The health insurance industry was started in 1986, and has since then seen exponential growth in a market that’s potentially worth billions.

Why should we buy a Health Insurance Plan –

Medical Health Insurance, which is popularly known as medical health insurance or mediclaim policy is a type of insurance policy that offers comprehensive protection against expensive treatments so a person can get quality treatment whenever required. It protects you from paying heavy medical bills when you are injured or have fallen ill. Just like other insurance policies, you need to select a plan and agree to pay a definite amount as a premium. In return you will get several benefits of owning a health policy.

What is Claim Settlement Ratio and why it is Important

Claim settlement ratio of an insurer is the number of claims that an insurer has rejected versus the number of claims the insurer has settled. This is very important to check because this will clear the picture of insurance company about their claim settlements.

Read Also –

What is Incurred Claim Ratio in Medical Health Insurance –

The IRDA, or Insurance Regulatory and Development Authority publish the Incurred Claims Ratio for health insurance companies in India. Incurred Claim Ratio is basically the overall value of every claim a company has paid divided by the total sum of premium collected during the same period.

What points should be considered before buying a Health Insurance Plan –
  1. Price tag: You should ensure that the insurance company you shortlist offers a pricing that is within your budget.
  2. Company’s History: It is essential to check company’s history and track company’s records. Also check the company’s claim ratio on the website of the Insurance Regulatory and Development Authority (IRDA) and the ratings that are available on the websites of almost all companies.
  3. Size: You should check out company’s market share, total assets, growth ratio, financial ability etc as this will help you in choosing the appropriate plan which can provide the desired results.
  4. Service Quality: Another important factor while making your purchase decision. Check how the insurer treats their customers.
  5. Complaints And Reviews: Do some research on internet about the reviews they got and how seriously they take the customers complaints.

What are the benefits of taking a Medical Health Insurance –
  1. No-claim Bonus (NCB): NCB is the percentage of discount that is given to the policyholder from the insurer for every year that the former has made no claims.
  2. Family and Loyalty Discounts: This discount is given to a policyholder who enrolls a family member or another person in the health insurance plan.
  3. Customer Support: They should provide 24/7 customer service.
  4. Cashless Facility: It facilitates the policy holder to go cashless in case of emergency medical situation, and the insurer will settle the bil l directly with the hospital.
  5. Free Check-ups: Most of the insurance providers offer free medical check-up facility sometimes to encourage their customers.
  6. Lifelong Renewability: The policy should be renewed to keep the insurance always active. So check if the lifetime renewal option is provided or not.
  7. Co-payments: Under this option, if any claim is made, then pre-agreed percentage of claim is paid by the insurer and rest amount paid by the policy holder.
  8. Quick Claim Settlements: No one wants to wait so long for their claim to be settled. Therefore this Claim Settlement process should be quick.
  9. Tax Benefits: All policyholders can avail tax benefits for the premiums paid towards the plan under Section 80D of the Income Tax Act, 1961.
  10. Portability: The policyholder will be allowed to switch from one insurance company to another without compromising on the waiting period or any other features and benefits which were available with the previous insurer.

Top 5 in Health Insurance companies in Public Sector –

  1. United India Insurance Company Limited: Best General Insurance Company In India

It provides coverage for up to 4 family members (2 Adults and 2 Children) and cashless hospitalization in the over 7000 hospitals across India. The incurred claim ratio for the financial year 2016-17 is 107.06%.

  1. New India Assurance Company Limited: India’s Top Insurance Company in Public Sector

It provides coverage for up to 6 family members (2 Adults and 4 Children) over 1200 network hospitals across India. The incurred claim ratio for the financial year 2016-17 is 91.26%.

  1. Oriental Insurance Company Limited: Most Trusted Insurance Company in India

It provides coverage for up to 7 family members (4 Adults and 3 Children) over 4300 network hospitals across India. The incurred claim ratio for the financial year 2016-17 is 112.11%.

  1. National Insurance Company Limited: Best Government Insurance Company in India

It provides coverage for up to 6 family members and cashless hospitalization in the over 6000 network hospitals across India. The incurred claim ratio for the financial year 2016-17 is 97.25%

  1. SBI General Insurance Company: Biggest Insurance Company In India

It provides coverage for up to 4 family members (2 adults and 2 children) over 4400 network hospitals across India. The incurred claim ratio for the financial year 2016-17 is 97.25%.

Top 5 in Health Insurance companies in Private Sector –

  1. ICICI Lombard General Insurance Company: Best Insurance Company in Private Sector

It provides coverage for up to 4 family members (2 adults and 2 children) and cashless hospitalization in the over 4500 network hospitals across India. The incurred claim ratio for the financial year 2016-17 is 90.22%.

  1. Reliance General Insurance Company: Best Insurance Company Incurred Claim Ratio India

It provides coverage for up to 4 family members (2 adults and 2 children) and cashless hospitalization in the over 4000 network hospitals across India. The incurred claim ratio for the financial year 2016-17 is 92.23%.

  1. Bajaj Allianz General Insurance Company: Most Trusted Private Health Insurance Company

It provides coverage for up to 6 family members (2 adults and 4 children) and cashless hospitalization in the over 3700 network hospitals across India. The incurred claim ratio for the financial year 2016-17 is 78.50%.

  1. HDFC ERGO General Insurance Company: Best Health Insurance Company India

It provides coverage for up to 4 family members (2 adults and 2 children) and cashless hospitalization in the over 4800 network hospitals across India. The incurred claim ratio for the financial year 2016-17 is 76.9%.

  1. Star Health & Allied Insurance Company: Top Most Health Insurance Company

It provides coverage for up to 4 family members (2 adults and 2 children) over 6000 network hospitals across India. The incurred claim ratio for the financial year 2016-17 is 60.51%.

How to Compare the List of Health Insurance Company Plans

You can also find out and compare online at internet and offline by visiting their respective office, and enquire about various plans being offered by these General Insurance companies in India and buy health insurance policy for you and your family.

Best Websites to Compare and Buy Health Insurance Plans –

  1. PolicyBazaar – Best Site For Health Insurance Compare
  2. BankBazaar – India’s Best Site For Comparing Insurance Plan
  3. ComparePolicy – Top Website To Compare Insurance Policies
  4. Policyx – Best Online Place to compare Insurance Policy In India

In this article, we have provided you the list of Companies for Medical Health Insurance from the both public and private sectors. I hope all this information would be useful to you.

FAQ-

Question 1. Why do I need Health Insurance?

Answer: It protects you and your family from paying heavy medical bills in an emergency.

Question 2. Can I get cashless facility at any hospital?

Answer: No, cashless facility is available only at network hospitals.

Question 3. What does network hospital means?

Answer: Network hospital is referred to a hospital which has an agreement with the Insurance Company for providing cashless treatment.

Question 4. Do I need to carry to policy documents while travelling?

Answer: Actually you are advised to carry along with you, but just carrying your Health card will do the same.

Question 5. What is a health card and its benefits?

Answer: Health card is like an identity card which comes along with the health policy. You need to show this card to the network hospital to avail the cashless facility.

Top 5 Investment Plan with High Returns Tax Saving Benefits 2018

Best Investment Policies For Saving Tax With High Return 2018

What is Investment Plan – In Simple Words –

Investment Plan Investment plan is financial product that provides the opportunity to create wealth for future. Every person wants to earn as much as he/she can with the maximum possible saving. And there are several smart and legal approaches by which you can save your income tax.

To do this you need to choose a best investment or insurance plan so you get maximum returns at low risks with tax saving benefits.

What is Income Tax – Definition and Meaning –

An income tax is a tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund. Income tax is a key source of funds that the government uses to fund its activities and serve the public.

How to save Income Tax by Investment Plan legally –

Under Section 80C of the Income Tax Act a person have the savings up to a maximum of Rs 1.5 Lakhs. The Government of India provides the facility to the Indian citizens that they can save their Income Tax up to a certain limit (presently no Income Tax up to the income Rs 2,50,000 for below 60 years, Rs 3,00,000 for 60 or above but less than 80 years, and Rs 5,00,000 for 80 years or above) and give saving benefits on their savings earned through investment or insurance plans.

What factors should be consider before buying an insurance or investment plan –

An investor should look out for 4 factors while making a tax saving investments –

  1. Maximum tax savings
  2. Minimum risk
  3. Low cost of investment
  4. Substantial returns

Read Also –

  1. Life Insurance: What is Life Insurance Policy and its importance

Life Insurance is not a pure form of tax saving investments but it plays an important role as it offers security to the individual’s family in case of any mishappening to the policy holder. It also offers tax benefits to the policy holder on the premiums paid by them which are covered under Section 80C of the Income Tax Act up to a maximum of Rs 1.5 Lakhs. Proceeds on death or maturity are tax-free under Section 10(D).

There are various Life Insurance plans like Term Plans, Endowment Plans, ULIPs or Unit-Linked Plans and Money back Plans. This can help the policy holder to secure the future of his/her family and save income tax.

  1. Public Provident Fund (PPF): What are the PPF Tax Benefits

It is a long term saving scheme issued by the Central Government. Interest earned on deposits in PPF is not taxable.  Under section 80C, deposits made towards PPF accounts can be claimed as tax deductions. It offers 7.8% interest per annum (Oct-Dec, 2017). The Govt. of India keeps revising this every quarter. PPF has a lock-in period of 15 years. The interest received at the time of maturity is completely tax free. You can also avail the facility in PPF account from the 3rd financial year to a 5th financial year. The rate of interest charged on loan shall be 2% per annum above the interest paid.

  1. Senior Citizen Saving Scheme (SCSS): What are the SCSS Tax Saving Benefits

This scheme is designed for the people who are 60 years or above. They can open SCSS account for the tax saving purpose and provides assured returns for Senior Citizens. The maximum investment you can make is 15 Lakhs and the interest earned is taxable like any other Fixed Deposit Scheme. The interest rate is 8.6% per annum (Oct to Dec 2017). The maturity period in this scheme is 5 years, but you can prematurely close of your account after one year on deduction of an amount equal to 1.5% of the deposit and after 2 years, 1% of the deposit.

  1. ELSS Tax Saving Mutual Funds: Tax Benefits Investment Plan

ELSS or Equity Linked Saving Schemes are one of the most popular tax-saving plans where you can get tax benefit on the savings up to Rs 1.5 Lakhs per annum. ELSS is a form of open-ended Mutual Funds that offer tax benefits falling under Section 80C of the Income Tax Act. The returns are amazing you would get ranges between 12-18% which are also tax free. ELSS has the lock-in period of 3 years.

  1. Sukanya Samriddhi Yojana (SSY) Account Scheme: Tax Benefits under SSY Account Scheme

If you have a girl child and want to start making investments towards her higher education or her secure future, you can consider the SSY scheme. The parent/guardian of the girl child can open the account and operate it on her behalf till she turns 18 years. They can make deposits up to Rs 1,50,000 till the girl attains 15 years of age and after 21 she can close this account but it is not mandatory and continues to earn internet. The interest rate you would get under this scheme is at 8.3% per annum (Oct to Dec 2017) and the interest received on maturity is tax free.

FAQ

Question 1.  What is Small cap, Mid cap and large cap companies?

Answer: Small Cap Companies:  They are the companies who have market value less than 2 Cr.

Mid Cap Companies: They are the companies who have market value between 2 Cr. to 10 Cr.

Large Cap Companies: They are the companies who have market value more than 10 Cr.

Question 2. How to invest money in ULIP online?

Answer: Some websites provide the option to invest and compare the policy plans. You should have a debit card, a credit card or net banking to invest online.

Question 3. What is the minimum lock period for SIP?

Answer: There is 3 years of a mandatory lock-in period in the SIP.

Question 4. Can I take my money out of a mutual fund?

Answer: Some mutual funds charge a redemption fee, which is a percentage of the amount that you withdraw by selling shares.

Question 5. Can a grandparent or parent buy a policy in the name of child or grandchild and claim tax benefit?

Answer: Yes, and they shall be eligible for tax benefit under the section 80C on the premium paid by them.

Question 6. What is Net Asset Value (NAV) of a scheme?

Answer: The performance of a particular scheme of a mutual fund is denoted by Net Asset Value (NAV).

Question 7. What is a direct plan?

Answer: SEBI has mandated mutual funds to compulsorily launch a direct plan for direct investments. Such separate plan has a lower expense ratio excluding distribution expenses, commission, etc., and no commission is to be paid from such plans. The plan also has a separate NAV.

Question 8. I have 2 daughters, can we both me and my wife be nominated for 2 daughters separately?

Answer: Yes, you can be nominated as guardian for one daughter and your wife can be nominated for one daughter and both of you can get tax exemption benefits under section 80C.

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