In view of the costly medical services and increasing cases of serious health problems, it is becoming necessary to take health insurance.
It saves you from stress and financial troubles at the time of medical emergency. Under this, you do not have to face financial compulsion to get treatment in case of emergency. Hence, investing in health insurance plans is a wise decision. Let us know how you can choose the cheapest health insurance plan for you and your family.
Premium amount
Premium is the amount that you have to pay after the specified interval. You can calculate the premium with the help of online premium calculator available on the website. It calculates the correct premium amount based on your age, standard of living, family members, dependents, income and your medical history. So that you can choose a policy that will cover your emergency medical expenses without putting a financial burden on you.
Maximum coverage
It is to be noted that the general health insurance plan does not cover serious diseases like heart attack, cancer, stroke, organ transplant, kidney failure etc. These come under critical illness cover. Reimbursement of medical expenses for critical illnesses covered under this cover is paid. That’s why you should look for plans that give you maximum coverage.
Minimum exclusion
The exclusion health insurance policy covers circumstances, cases, medical procedures, treatments, illnesses, etc., under which you cannot claim a claim. Hence it is important for you to know what is excluded from the policy coverage permanently and what treatments are covered by the policy after waiting for a certain period of time. You should choose the plan which has minimum coverage along with maximum coverage.
Waiting period
In pre-existing diseases i.e. pre-existing diseases, the waiting period is about 48 months, then you should look for a policy in which you can get the option to reduce the waiting period. Like in Care Health Insurance we give you Reduction in Wait Period add on cover so that you can reduce 48 months to 24 months.
Cashless hospitalization
Cashless hospitalization is one of the benefits of health insurance. In today’s pandemic, it is difficult to arrange money for treatment. Therefore, it is important that you take a plan that can provide you the facility of cashless hospitalization in your vicinity.
Add on
Along with the basic coverage, you can also see if you can get the option to extend the coverage of your policy. We provide various add-ons under our health insurance plans such as International Second Opinion, OPD Cover, Care Shield, No Claim Bonus Super, etc. These help you in getting adequate treatment by increasing your policy coverage.
Easy payment
You should opt for a health insurance plan where you can easily pay the premium without any hassle. Nowadays you can get health insurance policy EMI so that your monthly budget will not be eaten.
Tax savings
The premium you pay for health insurance is tax exempt under Section 80D of the Payment of Income Tax Act. Premiums paid for health insurance for self, dependent parents, children and spouse are eligible for tax exemption of up to Rs 50,000. However, the tax amounts are dependent on your income and age. It also helps to under-represent your tax income.
Additional benefits
A right health insurance also gives you additional cover. Annual No Claim Bonus, Annual Health Checkup, Cashless Hospitalization, Ambulance Cover Reduction in Wait Period, COVID Shield, etc. Covers give you complete protection.
Care Health Insurance Company, which is considered as one of the top health insurance providers in India, offers a wide range of health insurance plans . These plans meet your healthcare needs and help you get the best medical care.
What is covered under health insurance policy?
The main benefits of buying health insurance are:
In-patient hospitalization cover: The health policy covers your hospitalization expenses if the hospitalization due to accident or illness exceeds 24 hours.
Pre and Post Hospitalization: Covers expenses up to 30 days before doctor’s consultation, scheduled diagnostics, or hospitalization and 60 days after hospitalization.
Covid-19 cover: Now you don’t have to worry if the worry of covid doesn’t let you sleep. The health policy also covers the hospitalization expenses due to coronavirus.
Ambulance cover: The policy covers the ambulance cost which provides the benefit of road ambulance to any policyholder.
ICU Fees: Your health is important. Your ICU charges during hospitalization are covered on a plan basis without any limit.
Domiciliary Hospitalization: Domiciliary hospitalization is the facility of at-home treatment on fulfillment of certain specified conditions.
AYUSH Benefits: AYUSH (Ayurveda, Unani, Siddha and Homeopathy) helps you in permanent treatment. The policy covers the hospitalization expenses for the same.
No Claim Bonus: You can get No Claim Bonus every claim-free year under the policy for your good health. This will increase your sum insured by a maximum of 50% in 5 consecutive years.
Day-care procedures: Several day-care procedures are covered in the policy. which requires hospitalization for less than 24 hours.
Organ Donor Cover: Donating an organ takes courage. The policy covers the medical and surgical expenses for the transplant.
Automatic Recharge: Don’t worry if your hospital bill ever exceeds your existing Sum Assured. The facility of automatic recharge is also included in your policy.
Annual Health Checkup: Why spend unnecessarily on outside health checkup when you can get annual health checkup under the policy coverage.
Second Opinion: At times, it may be possible that you need a second opinion. If you are not satisfied with your current treatment plan, you can avail this benefit.
Lifelong Renewability: Once opting for insurance plans, you can breathe a sigh of relief and continue with the policy for life at break-free renewables.
Features of a health insurance policy
Health policy comes with comprehensive coverage for the insured and his family members. It has the following features:
Direct Claim Settlement: You can avail hassle free direct claim settlement service under the policy. Your claims can be settled without the involvement of any third party.
Cashless Hospitalization: You can get cashless treatment from any of the healthcare providers on our panel. In case of hospitalization due to illness or injury, your medical bills are paid directly with the network hospital. Currently cashless health insurance is a boon.
Low Premium: You can get this policy at low rates. Affordable premiums reduce your financial burden and balance your budget.
No upper age limit: If you are 18 years of age or above, you can buy the policy without any upper age limit for enrollment.
Discount: Now you can get many discounts while buying the policy. Which will help in reducing your premium rate.
Tax Exemption: With the policy, you can protect both your health and wealth. As per Section 80D of the Income Tax Act, one can avail tax exemption of up to Rs 1,00,000 for the premium paid for coverage.
Add-on Covers: To enhance the policy coverage, one also gets many add-on covers like reduction in wait period, covid care, care shield, OPD cover, etc.
