Health Insurance

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What is Health Insurance ?

Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalization costs, cost of medicines or doctor consultation fees. Choosing a health insurance plan can be tricky because of plan rules regarding in-and-out of network services, deductibles, co-pays, and more.

It is beneficial to take a health insurance policy when you are young and healthy . As you get older, not only does your premium increase, but you also stand a chance of being denied a health cover by the insurance company.

Policies As Per Your Need

Mediclaim Policy

Mediclaim or hospitalization plans are the most basic type of health insurance plan. They cover the cost of treatment when you are admitted to the hospital. The payout is made on actual expenses incurred in the hospital by submitting original bills. Most of these plans cover the entire family up to a certain limit. There are different types of Mediclaim policies such as individual, family floater, Senior citizen policy, Mos Bite Mediclaim policy and personal accident policy.  Purchasing a medical policy can help you get financial assistance in the hour of need. You can also avail tax benefits on the premium you pay for your heath insurance. 

Critical Illness Policy

Critical Illness Insurance Plans cover specific life-threatening diseases. These diseases could require prolonged treatment or even a change in lifestyle. Unlike hospitalisation plans, the payout is made on Critical Illness cover chosen by the customer and not on actual expenses incurred in the hospital. The cover gives the flexibility to use the money for changing lifestyles and medicines. Also, it’s a substitute for income for the time you could not resume work due to illness. Payout under these plans is made on the diagnosis of the disease for which the original medical bills are not required.

Benefits of Health Insurance

Complete Coverage

It covers all your In-Patient Hospitalization as well as Pre and Post hospitalization expenses with other bills also.

Cashless Treatment

Ensure a better and cashless treatment from a wide range of network hospitals in case of Hospitalization.

Portability Benefits

Health insurance portability allows the you to transfer your existing health policy to a new insurance provider.

Financial Security

Considering the rising medical expenses in India, it becomes imperative to get a health insurance policy.

Tax Benefits

By opting a health policy, you can avail tax deductions under Section 80D of the Income Tax Act, 1961.

No Claim Bonus

You also get No Claim Bonus (NCB) as a reward for not making any claim during a policy year.

Riders & Top Ups

Increase your covered amount through Top-ups for all the other additional expenses through a rider.

Lifetime Renewability

It allows you to renew your health insurance policy without any age limit or upper restriction.

Cashless Treatment

By financially securing your health, you also get cashless treatment in network hospitals.