Get the RIGHT
Health Insurance Policy with us.

Comprehensive coverage – Consider insurance policy that covers medical expenses suitable to your requirement. If you incur OPD expenses quite frequently, opt for a policy with OPD cover.

Waiting period – Choose a health insurance policy with minimal waiting period.

No co-payment – Opt for a health policy without co-payment clause to avoid our of pocket expenses.

Value added services – Sum insured restoration, annual health check-up, telemedicine, free doctor’s consultation, no claim bonus among others should be considered during policy comparison.

Sub-limits – Check sub-limits applicable on the ailments before opting for policy

Room rent capping – This can prove to be a major cost for the insured, opt for a cover without any room limit.

Network hospital - Check the network hospital tie-up the insurance company has in your location and its pan India network strength as you can avail cashless treatment only in the network hospital. This reduces financial burden during medical emergency.

Health insurance plans are broadly categorised as 'indemnity plans' and 'defined-benefit plans'. While, indemnity plans reimburse the expenses incurred, defined-benefit plans pay a lump sum amount irrespective of the actual expenses incurred

Indemnity plans are popularly known as mediclaim or family floater policies.

If you want an extensive coverage, you can choose an individual plan over a family floater cover. Taking an individual plan ensures that adverse experience in one policy does not affect the coverage for others in the family. In case of a family floater policy, balance sum insured under the policy may not be adequate for other members. An individual plan is bought in the name of each individual you, your spouse, children, parents etc. This would imply that the premium will be as per each individual's age and respective sum insured. In case of a claim by one member, the sum insured of other members remains intact.

In a family floater plan, more than one member can be covered under the same plan. For instance - you, your spouse can be covered under a single policy for which a single premium will have to be paid. Under a family floater plan, the entire sum insured can be availed by any or all of your family members. A family floater plan works on the assumption that the possibility of all members of your family falling ill at the same time or within the same year is very low.

With medical inflation above the general inflation level, health insurance is a must. There is no fixed rule regarding the adequate quantum of health insurance it depends on multiple factor like the locality you live, family ailment history, age of the family members. A cover of INR 5-7 lakhs for people earning up to INR 20 lakhs, INR 10-12 lakhs for people earning up to INR 50 lakhs and INR 20-25 lakhs for people earning between INR 50-75 lakhs and above.

No, the definition will differ. Generally, the term ‘family is defined to include spouse and children.

Having a nominee can prove to be helpful during insured’s hospitalisation. The policy benefits will be paid to the nominee in case of long-term hospitalisation of insured, making it hassle free. It also reduces complication of insurer to identify a legal heir to receive the insurance compensation.

Most Indians refrain from discussing the hospitalisation and insurance related matters with their families. But if your family is not aware of your health policy details, they will not be able to exercise cashless claim facility which might prove to be a financial burden during medical exigencies. So, it is of utmost importance that your family members know about all your insurance policy details, savings and investments.

Buy early save more- At the age of 25, Rs. 5 Lakh cover plan may cost you not more than Rs. 5,000 where the same plan may cost you more than Rs. 8,000 after completing 30 years. So, the early you buy, the lesser you pay.

Corporate policy is not enough – Company cover may or may not be available at all the times, it always better to have a back-up cover. Also, it may not be adequate to accommodate your healthcare cost.

Waiting period – If you buy a plan at an early age your waiting period will be served and any diseases diagnosed at the later age will be automatically covered.

Maternity benefits – If you are planning to start a family soon then a policy with maternity benefits can be relevant to cover all your medical expenses. Also, your newborn will be covered from birth without any additional premium.

It is the right granted to an individual health insurance policyholder to transfer the credit gained for pre-existing conditions and time bound exclusions, from one insurer to another or from one plan to another plan within the same insurance company.

A medical test or pre-medical check-up is a medical examination that health insurers ask for before providing coverage to the policy buyer. They require tests based on factors such as the applicant’s age, medical history etc. Generally, medical tests are applicable only for applicants over a specific age and are not required by all insurers.

Hospitalization means admission in a hospital for a minimum period of 24 consecutive ‘in-patient care’ hours. In case of specified procedures/ treatments, such admission could be for a period of less than 24 consecutive hours.

Out-Patient (OPD) treatment means treatment in which the insured visits a clinic/hospital or associated facility like a consultation room for diagnosis and the treatment is based on the advice of a medical practitioner. The insured is not admitted as a day care or in-patient.