Apply For Health Insurance

Please Choose the best suitable health insurance as per your income and get amazing facilities with these insurance.

Coverfox Health Insurance

INSURANCE TYPE

Health Insurance

INSURANCE OFFERS

Maximum Bonus

MONTHLY INCOME

₹NA

Aegon Health Insurance

INSURANCE TYPE

Health Insurance

INSURANCE OFFERS

Maximum Bonus

MONTHLY INCOME

₹NA

HDFC Life Health Insurance

INSURANCE TYPE

Health Insurance

INSURANCE OFFERS

Maximum Bonus

MONTHLY INCOME

₹NA

Reliance Health Insurance

INSURANCE TYPE

Health Insurance

INSURANCE OFERS

Maximum Bonus

MONTHLY INCOME

₹NA

ACKO Health Insurance

INSURANCE TYPE

Health Insurance

INSURANCE OFFERS

Maximum Bonus

MONTHLY INCOME

₹NA

Religare Health Insurance

INSURANCE TYPE

Health Insurance

INSURANCE OFFERS

Maximum Bonus

MONTHLY INCOME

₹NA

Policy Bazaar Health Insurance

INSURANCE TYPE

Health Insurance

INSURANCE OFFERS

Maximum Bonus

MONTHLY INCOME

₹NA

ICICI Lombard Health Insurance

INSURANCE TYPE

Health Insurance

INSURANCE OFERS

Maximum Bonus

MONTHLY INCOME

₹NA

HEALTH INSURANCE

Health insurance is an insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons. By estimating the overall risk of health care and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement The benefit is administered by a central organization such as a government agency, private business, or  entity.

According to the Health Insurance Association of America, health insurance is defined as “coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment” .

TERM YOU SHOULD KNOW

  • Proposer or Buyer: Also known as the policy owner, purchases the health insurance and pays for the premium.
  • Day care Procedures: 24-hour short-term hospitalization procedures that are also covered by health insurance.
  • Daily Cash: A health insurance feature that provides a fixed amount for every day during hospitalization.
  • Indemnity: Plans that allow you to follow your own healthcare process and visit the hospitals that you prefer.
  • Out-of-pocket costs: Expenses that are not covered by the insurance and are incurred by the individual themselves.
  • Benefits: Additional offerings offered over standard health insurance features like cashless service or multiplier benefit.
  • Dependents: Your family members like children, spouse, parents or any other relatives who benefit from the insurance purchased.
  • Cashless Network of Hospitals: List of hospitals covered under your health insurance plan, where you can get treated without having to pay in cash.
  • Pre-Existing Conditions: Any health problem that the individual already has before purchasing the health insurance.
  • Rider: Additional benefit that can be included in your basic health insurance plan.
  • Waiting Period: Duration or period of time to be completed before you can claim the healthcare insurance cover. It varies from 12 to 48 months.
  • Underwriting: The process of analysing the insurance seeker’s information for the purpose of policy issuance. This is generally done by the health insurer.
  • Exclusions: Any disease or drug or medical procedure that is NOT COVERED under your health insurance.

IMPORTANT OF HEALTH INSURANCE

Buying a health insurance policy for yourself and your family is important because medical care is expensive, especially in the private sector. Hospitalisation can burn a hole in your pocket and derail your finances. It will become even tough, if the person who brings in the money, is now in a hospital bed. All this can be avoided by just paying a small annual premium which would lessen your stress in case of medical emergencies.

A good health insurance policy would usually cover expenses made towards doctor consultation fees, costs towards medical tests, ambulance charges, hospitalization costs and even post-hospitalization recovery costs to a certain extent.

BENIFITS OF HEALTH INSURANCE

1. Cashless Treatment: If you are insured, you can get cashless treatments as your insurance company would work in collaboration with various hospital networks.

2. Pre and post hospitalization cost coverage: Insurance policy also covers pre and post hospitalization charges up to the period of 60 days, depending on the insurance plans purchased.

3. Transportation Charges: Insurance policy also covers the amount paid to ambulance towards the transportation of insured.

4. No Claim Bonus (NCB): This is the bonus element which is paid to the insured if the insured does not file a claim for any treatment in the previous year.

5. Medical Checkup: Insurance policy also provide options for health checkups. Free health checkup is also provided by some insurers based on your previous NCBs.

6. Room Rent: Insurance policy also covers room expenses depending on the premium being paid by the insured.  

7. Tax Benefit: Premium paid on Health insurance is tax deductible under section 80D of the Income Tax Act.

 

HOW TO SELECT RIGHT INSURANCE POLICY

It’s difficult to select the best insurance policies as all insurance company provides a similar type of insurance plan. Hence some of the important points that any Person should look before purchasing any plans are:

1. Sum Assured

2. Minimum Entry Age and renewability clause

3. Room Rent Capping

4. Inclusion and Exclusion

5. No Claim Bonus

6. Other Benefits

ELIGIBILITY CRITERIA

In India, people under 45 years of age are not required to undergo a mandatory health checkup when obtaining a health insurance policy. They are, however, required to disclose any pre-existing conditions such as diabetes or hypertension. It is, therefore usually advised that one should get a health insurance when young so that the premium would be less.

TYPE OF HEALTH INSURANCE 

1. Individual Health Insurance:  This policy covers the health expenses and hospitalization expenses of individual who has taken the policy. Premium under this policy is determined as per the age of insured.

2. Family Health Insurance Plan: Under this policy, an individual can include all the family members against multiple diseases under a single cover.  Family health plan offers a fixed sum assured for the family members, which can be availed by all members of the family or by any one individual in the family.

3. Senior Citizen Health insurance Plan: This policy is designed for the senior citizens or individuals over 60 years of age offering protection from health issues during old age.

4. Surgery and Critical Illness Insurance Plan: This plan is suitable for the insured that requires treatment against critical illness, such as kidney failure, paralysis, cancer, heart attack etc. As the medical expenses of these treatments are very high, the premium applicable to these types of policies is also high.

5. Maternity Health Insurance Plan: This policy covers costs, including pre and postnatal care, child delivery expenses of newborn babies. This policy is also covered for the newborn up to a certain period of time as mentioned in the plan. Ambulance costs are also covered.

6. Personal Accident Plan: This policy covers hospitalization expenses in the event of an accident. Premium amount is depending upon the amount of cover taken.

7. Unit Linked Health Plan: These plans offer a unique combination of insurance and savings both at the same time. This policy helps in building a corpus which can be used to meet those expenditures which are not covered by the insurance policy.

SOME HEALTH INSURANCE  POLICIES

1. Max Bupa Health Insurance

2. HDFC Ergo Health Insurance

3. Bharti Axa Health Insurance

4. SBI Health Insurance

5. L&T Health Insurance

6. Bajaj Allianz Health Insurance

7. Apollo Munich Health Insurance

8. National Health Insurance