Health Insurance
A health insurance is a financial safety shield that protects you and your family during medical emergencies. It comes with several benefits such as paying your medical bills protect your savings which will help you manage the rising medical costs during emergencies
Why do you need Health Insurance?
Rich People have enough money,
Poor have Social security schemes like ESI and
The Middle Class has only Health Insurance.
Some Basic Importance of Health Insurance
Protection Against Rising Medical Costs
Hey, did you know that medical technology has come a long way? It can treat diseases that were once considered incurable. But the thing is, these treatments can be super expensive. That's where private health insurance in India comes to the rescue! It helps you cover those skyrocketing medical costs, so you don't have to worry about breaking the bank.
Access to Quality Medical Facilities
When it comes to our health, we all want the best care, right? Without insurance, it can be tough to afford top-notch medical facilities. But with insurance, you can access amazing medical health care without stressing over the expenses. Plus, it speeds up your recovery with cool coverages like pre and post-hospitalization. It's a win-win!
Protection from Unexpected Medical Expenses
Life is full of surprises, and not all of them are pleasant. Medical emergencies can hit us when we least expect them, and they can be crazy expensive. Luckily, private health care insurance in India has got your back! It helps cover the costs of hospitalisation, surgeries, and other treatments. So, you can focus on getting better without worrying about the money.
Access to quality healthcare
Having private health insurance in India gives you access to a network of medical health care providers and hospitals. You can choose a health insurance scheme that allows you to see your preferred doctor, or you can opt for a plan that provides coverage for a wider range of providers. It's all about having options and flexibility when it comes to your healthcare needs.
Better health outcomes
Taking care of your health is super important, and insurance plays a role in that too. When you have coverage, you're more likely to seek preventive care, like regular check-ups and screenings. This can lead to early detection of health issues and timely intervention, ultimately improving your long-term health outcomes. It's all about being proactive and staying on top of your well-being.
Critical illness coverage
Have you noticed how common chronic illnesses like diabetes, heart disease, and renal ailments have become these days? It's pretty alarming, right? That's why it's super important to get yourself some comprehensive insurance coverage. It's like having a safety net that covers you in case anything unexpected happens. You don't want to be caught off guard with those crazy medical bills. So, take the smart step and make sure you have the right insurance to protect yourself and your loved ones from the uncertainties of life. It's all about staying prepared.
Peace of mind
You know that feeling when you have a safety net in place? That's exactly what insurance provides. Knowing that you have coverage can give you peace of mind, knowing that you and your loved ones are protected in case of a medical emergency. It's like having a guardian angel watching over your health.
Tax benefits
Buying health insurance in India not only protects your health but also gives you some tax benefits. The government is encouraging everyone to have health coverage, so they've made it even more appealing. Under Section 80D of the Income Tax Act (under the old tax regime), when you pay your medical insurance premium, you can actually save some of that hard-earned money by reducing your taxable income. It's like a win-win situation – you're taking care of yourself and your loved ones, and the government is giving you a little tax break as a thank you. So, not only will you have peace of mind with insurance, but you'll also have a little extra cash in your pocket.
What Insurance Covers
In-Patient Hospitalization
Coverage for hospitalization expenses, including room charges, doctor's fees, medications, and diagnostic tests.
Pre-Hospitalization and Post-Hospitalization
Reimbursement for medical costs incurred before and after hospitalization, such as consultations and tests.
Day Care Procedures
Coverage for medical treatments that don't require prolonged hospital stays, like dialysis and cataract surgery.
Ambulance Charges
Reimbursement for emergency ambulance expenses.
Organ Donor Expenses
Coverage for medical costs related to organ transplants for the insured or immediate family members.
Maternity Benefits
Optional coverage for childbirth and newborn care expenses.
Critical Illness Cover
Optional coverage for specific critical illnesses, providing a lump-sum payout upon diagnosis.
Alternative Treatments
Coverage for alternative healthcare treatments like Ayurveda, Unani, Siddha, and Homeopathy.
Second Opinion
Access to a second medical opinion from a panel of experts for critical illnesses.
What Insurance not Covers?
Pre-Existing Diseases
Waiting periods or exclusions for coverage of pre-existing medical conditions.
Specific Waiting Period
Some treatments or conditions have a specific waiting period before coverage kicks in.
Specific treatments
Certain treatments and cosmetic surgeries, are excluded.
Hazardous activities
Injuries / treatment due to participation in hazardous activities, such as adventure sports, are excluded
Self-Inflicted Injuries
Deliberate self-inflicted injuries or health issues due to substance abuse are not covered.
Pregnancy-related exclusions
Pregnancy-related expenses are not covered unless specifically opted for in the plan.
Most popular types of Health Insurance
Individual Health Insurance Plan
Hey, did you know that medical technology has come a long way? It can treat diseases that were once considered incurable. But the thing is, these treatments can be super expensive. That's where private health insurance in India comes to the rescue! It helps you cover those skyrocketing medical costs, so you don't have to worry about breaking the bank.
Family Floater Health Insurance Plan
The Family Floater Health Plan is for the entire family. Under this type of health insurance policy, your family is covered in a single policy. The sum insured is equally shared by the beneficiaries of the plan. The premium is comparatively lower compared to the Individual Health Insurance Policy (considering each family member buys one).
Senior Citizen Health Insurance Plan
The Senior Citizen Health Insurance Policy provides coverage for those above 65 years of age. If you want to buy a health insurance plan for your parents or other senior citizens, you should opt for this plan. Typically, the Senior Citizen Health Plan’s premium is slightly higher than the above two types of health insurance plans.
Critical Illness Insurance Plan
The Critical Illness plan is designed to provide financial protection if you are diagnosed with a critical illness or condition. This type of health insurance policy offers coverage against critical diseases such as heart attacks, kidney failure, paralysis, stroke, cancer, etc. Typically, if you raise a claim against the policy, the insurer pays a one-time lump-sum payment.
Top-Up Health Insurance Plan
The Top-up Health Insurance Plan is ideal if you are looking for coverage that replenishes the sum insured up to a certain amount. The plan gets activated once you have utilised the maximum claim amount.
Personal Accident Insurance Policy
Medical expenses arising from the treatment due to an accident can wreck your finances. Availing the Personal Accident Cover (PA) offers benefits against events such as partial/total disability and death due to an accident.
Maternity Health Insurance Plan
You can purchase the Maternity Health Insurance Plan as an add-on along with the basic plan. The add-on is designed to cover expenses incurred during the prenatal, delivery and postnatal stages.
Contact us now to explore the best
Insurance solutions for you and your loved ones!
