Health Insurance
What is Health Insurance?
A Medical Insurance plan is a financial product that covers the cost of medical and surgical expenses related to illnesses, injuries, pregnancy, and preventative care.
Instead of worrying about unexpected medical bills, a health insurance plan ensures you focus on getting the care you need while protecting your savings.
When you have health insurance, you pay a regular premium to your insurer. In return, the insurer takes care of your medical expenses depending on the plan you choose.
Some medical plans even offer preventive care, annual check-ups, and wellness programs to keep you healthy.
Contact UsThere are two simple types of health insurance policies:
Medical Insurance for Individuals
This works for one person, giving them broad cover regarding their medical costs, hospital charges, or even treatment costs. Whether you're just starting in your career or looking for peace of mind, individual health insurance can give you the coverage you need. And the good thing is, you even compare the health insurance online of different organisations and choose the best policy for your own needs and budget. Many Indian plans have zero waiting periods for particular treatments, so you never have to delay critical medical care. Now go for flexible EMI options that enable you to pay your premium conveniently without putting a strain on your finances.
Health Insurance Family
Health insurance terms for the family include health support for all the young and old members of the family. The main advantage of having family health insurance online in India is that all the members of a family will get hospitalisation, surgical treatment, and even daycare treatments under the same policy. In this manner, an individual need not buy a separate policy to avail the benefits of the policy and therefore it saves time and money. You can also opt for coverage amounts and customise it according to the needs of your family. Some companies also offer a zero waiting period for pre-existing conditions, so you and your family
Features & Benefits of Health Insurance
Full Coverage
It covers a wide range of medical expenses, such as hospitalizations, surgeries, and medicines, along with routine checkups. Some policies may include pre-and post-hospitalization expenses.
Cashless Treatment Option
Avail cashless treatment at network hospitals. The bills are directly settled by the insurer, thus ensuring that there is minimal financial stress during emergencies.
Tax Benefit
Save on taxes! Health insurance premiums qualify for deductions under Section 80D of the Income Tax Act.
Financial Security in Emergencies:
Health insurance is an important financial safety for medical emergencies. It will guarantee the availability of funds at a very instant. It will also prevent financial stress when you suffer from critical health issues.
Additional Benefits
Get added perks like maternity cover, alternative treatments (AYUSH), annual health checkups, and wellness programs for a complete healthcare experience.
How Health Insurance Works
Choose a Plan
Choose an affordable health insurance plan that meets your needs. Plans differ based on coverage, premium prices, and network hospitals and you have to compare health plans to choose a suitable one.
Pay Premiums
You pay a premium monthly or yearly once you are a member. The premium keeps your plan active and you can get the benefits of the plan.
Network Hospitals or Non-Network Hospitals
If you need some form of medical treatment, most people think of hospitals immediately. And if your chosen hospital is a networked one for your insurer, you will get cashless treatment. If the hospital is not networked, then you pay the hospital directly and claim it afterwards.
Pre-authorization for Planned Treatments
You usually notify an insurer before scheduled or elective treatments. Pre-authorization is a feature, but it is the insurers' choice to ensure cost coverage for the given service.
The Process of Claiming
If you go for cashless treatment, then the hospital directly calls the insurer. For other than cashless treatment, you have to send an insurance claim form along with relevant documents to the insurer. The insurers process a claim according to the policy terms and conditions.
Deductibles and Co-payments
Some of the plans involve co-payments or deductibles, where you will share the cost of treatment. For example, if your plan has a 10% co-pay, then you will pay 10% of the charge and the insurer will pay the rest.
Pre and Post-Hospitalization Cover
Most plans offer more protection for costs that occur before admission to hospitals for treatments and diagnostic tests. They also cover follow-up visits conducted within a specified timeframe.