Health Insurance

Medical procedures to enhance the appearance are not covered. However, in case of accident or injury when plastic surgery is a requirement, it can be covered.

These conditions are covered only after the waiting-period which usually ranges from 3-4 years.

Childbirth and lawful terminations are also considered as pre-existing conditions, therefore they have a waiting period before they are covered.

Any injuries and medical expenses arising from such incidents are not covered by medical insurance.

Such instances are not covered by most insurance policies including health, life and, motor insurance.

This is another common exclusion under most medical insurance plans.

The first benefit, of course, is that you are protected from the financial impact of medical emergencies. A good medical insurance policy will take care of your medical bills, allowing you to take care of your health.

As per Section 80D of the Indian Income Tax Act, the premium paid towards medical insurance plan can be used to claim deductions on your taxable income.

Without a medical insurance plan, you could be forced to tap into your savings or prematurely liquidate your investments to cover medical bills. However, with a valid policy, you can keep your assets in place and your medical cover expenses with ease!

You can still estimate the right amount of protection based on where you live, your family’s history of medical conditions, nature of job, age and so. Healthcare expenses are higher in metro cities, therefore it would be advisable to opt for suitable levels of coverage. If heart disease or any other major illness runs in the family, it makes sense to increase your cover and opt for critical illness cover as well.

Take the rate of inflation into consideration when choosing the coverage of your plan. What seems like enough today might fall short a few years from now. Our health insurance plans offer an inflation add-on wherein the sum assured of your plan is increased every year by a certain percentage to keep the rate of inflation in check.

Add-ons help widen the coverage of your medical insurance policy. Therefore, when buying a policy, remember to go through all the add-ons on offer. For example, if a major illnesses run in the family, you could include the critical illness add-on to provide extra protection from such medical conditions.

The right plan is one that you can easily afford. Therefore, when selecting a plan, look for premiums that fit your budget. A plan that puts undue strain on your finances is not ideal. Also, besides for the premium, you should also look into other costs associated with your policy such as co-insurance & deductible. You need to find a balance between coverage and cost.

The best health insurance plan will have a good claim settlement ratio and a higher number of network hospitals . This will ensure the claim process is easier and smoother. In this regard, we have a claim settlement ratio of 92% and we have over 5000 network hospitals spread across India where you can avail cashless treatment & recover with ease.