Insurance Policy

He who has health has hope,
And he who has hope has everything.

In today’s fast running world, people have become less considerate about Health. Therefore, it is very important that people should be made aware about this most alarming issue before it’s too late. We have often heard since childhood that a healthy mind resides in a healthy body. So now, there is a time to take up required steps to work over the health issues.

Medical expenses are the one which drains maximum wealth of an individual. For a lower or middle class person, a medical issue sometimes makes up the situation of complete bankruptcy. But, if you have a good Health Insurance Plan in your hand, you can certainly cut down this unwanted expense. Maximum people are usually unaware about this policy due to which they end up spending a huge amount of their hard earned money on the long never ending hospital bills.

How Health Insurance Is A Life Saver During Emergency?

A good health insurance company gives a complete cover to the entire family. Not only this, it covers not only the hospital bills, but also the before and aftermath medical expenses on routine checkups, medicines and all.

A sound Health Insurance policy:

  • Give the entire family a suraksha kavach
  • bears the long hospital bills
  • Covers pre and post hospitalization expense.
  • Provides multiple types of covers for different kind of medical emergencies like maternity benefit, personal accident, disease specific cover and many more.

4 Basics Things To Be Considered While Opting For A Health Insurance Policy

1. Associated Hospitals

It is very important to check whether the Health Insurance Company you opted for has a good number of networked hospitals or not. It should not be as case that when you go out for treatment in emergency, you end up finding no significant hospital in your vicinity!

2. Claim Settlement Ratio

This is one of the most important factors. It is very important to closely analyze how efficient a company is in settling the claims of the customer. If the company is not too handy in settling claims, such company will just turn out to be a headache for you.

3. Credit Facility

Check whether your opted Health Insurance provides you with credit facility in the networked hospital. This is an important factor to be considered before picking up a Health Insurance Policy.

4. Road Ambulance

If your Health Insurance Policy covers the road ambulance expense, it is the best policy and you should grab it! This expense is usually not covered in most of the Health Insurance Policy and tends to be a huge burden on your pocket.

Let us now discuss few Health Insurance Policies in the market that you can choose from as per your suitability:

1. Aditya Birla Active Assure Diamond Plan

Aditya Birla Active Assure Diamond Plan is the health insurance policy brought to you by Aditya Birla Group. This is the best alternative for the people who a looking for a comprehensive plan that can cover all kind of expenses.

Key benefits and features:

  • Pre- hospitalization benefit
  • Post hospitalization benefit
  • Day care; the plan provides you with 586 days of daycare procedures and dialysis facility.
  • Emergency Ambulance to take the patient to the nearest hospital.
  • Ayush Treatment- Ayurveda, Unani, Siddha and Homeopathy.
  • Organ Donor Expense.

Plan covers:

  • Room rent
  • Boarding expense
  • Medical Consultant fee
  • Specialist fee
  • Oxygen charges
  • Surgeon fee
  • Anesthetic fee
  • Medical practitioner fee
  • Blood charges
  • Pacemaker charges
  • Diagnostic fees and many more.

Not only is this, under this insurance policy, the premium paid is exempted with Tax under 80D of Income Tax, 1961.

2. Bajaj Alliance Health Guard Plan

Bajaj Alliance Health Guard Plan is a comprehensive plan offered by Bajaj it covers almost every kind of expense. From medical emergency to maternity expense, from road accident to new born expense; this insurance policy covers it all!

Key benefits and features:

  • Pre- hospitalization benefit
  • Post hospitalization benefit
  • Ayush Treatment (in-patient)- Ayurveda, Unani, Siddha and Homeopathy.
  • Domestic and International Medical Expenses evacuations
  • Second opinion for critical illness
  • Road Ambulance.

Plan covers:

  • Cancer Hospitalization Booster
  • Accidental Hospitalization Booster
  • Less waiting time for pre-existing illness (up to 1 year)
  • Room upgrade
  • Donor organ transplant
  • Vaccination Benefit
  • Domiciliary Hospitalization; hospitalization at home due to ill health and prolonged sickness.

3. Essential Privilege Plan

Universal Sampo provides up with Essential Privilege Plan which is a comprehensive plan in itself. The family floater plan can include up to 6 members.

Key benefits and features:

  • Cover to 91 days old new born baby
  • Day care procedure, up to 141 days day care procedure where admit time is less than 24 hours.
  • Pre hospitalization expense
  • Post hospitalization expense
  • Bonus; the policyholder gets bonus in the year no claim is taken by him. The some insured is increased by 10% and can sum up to maximum 40%.
  • Grace period- 30 days provided to insured person

Plan covers:

  • Vaccination
  • Child coverage
  • Ambulance expense
  • Hospital daily cash
  • Critical Illness
  • Inpatient Hospitalization
  • Organ donor facility
  • Tax Benefit

4. Bharti Axa Smart Health Insurance Plan

Bharti AXA Smart Health Insurance Plan provides you coverage against all medical expenses and emergency cases. The only exclusion is, it doesn’t provide hormonal treatment and birth control measures expenses.

Key benefits and features:

  • 30-40 days pre hospitalization treatment
  • 60 days post hospitalization treatment
  • 5% to 25% no claim renewal
  • Ayush treatment
  • Any aged from 91 days to 65 years can buy this policy

Plan covers:

  • Domiciliary treatment up to 10% of sum insured
  • Day care procedure
  • Sum assured limit-3/4/5 lacs

5. Family Health Optima Plan

Star Health Insurance comes up with ‘FAMILY HEALTH OPTIMA PLAN’ which is a complete super saver policy. Under this, the entire family can be insured under a single plan only.

Key benefits and features:

  • Room Rent Facility- maximum limit of room rent facility is Rs. 5000. Moreover, this policy also provides facility of single standard AC Room for the policyholders of cover 5 lac and above.
  • Organ donor expense
  • Cataract Facility with Sub-Limits:
    • Rs. 35000 per policy of 3lac per year
    • Rs. 45000 per policy of 4lac per year
    • Rs. 75000 per policy of 10-25lac per year

Plan covers:

  • Air Ambulance expense
  • New Born Baby expense
  • Cover of Rs. 20000 for AYUSH treatment.
  • Bonus
  • Second medical opinion
  • Emergency Ambulance.

6. Health Companion Plan

This Health Companion Plan is brought to you by Max Bupa Life Insurance Company. It brings to you a complete health companion. They offer 3 variants of plans with different health coverage schemes. You can easily choose the policy as per your choice.

Key benefits and features:

  • Pre Hospitalization expense; 30 days cover is provided
  • Post Hospitalization expense; 60 days cover is provided
  • ICU Charges; all significant charges of ICU are covered
  • Refilling of Plan; in case you end up exhausting the complete limit, there is no need to worry as you can simply refill your plan once a year. Same provision is provided for family floater plan with some conditions.

Plan covers:

  • ICU Cost cover
  • Animal bite vaccination
  • Living organ donor transplant
  • In patient care
  • Emergency ambulance
  • Domiciliary Hospitalisation

While, it doesn’t cover cosmetic surgery, HIV-AIDS treatment, puberty, menopause related disorder and obesity treatment.

7. Optima Restore Plan

HDFC Ergo Health Insurance Company (before known as Apollo Munich Health Insurance Company) offers Optima Restore Plan. This plan provides you bonus and rewards on staying fit. On a sum insurance of Rs. 5 lac, it provides a free health checkup once in 2 years!

Key benefits and features:

  • Pre Hospitalization expense; 60 days cover is provided
  • Post Hospitalization expense; 180 days cover is provided
  • Critical advantage rider; feature available for policyholder of Rs. 10 lac or above.
  • Discounts; policyholder may get daily cash of Rs. 500 on some conditions fulfillment

Plan covers:

  • Day care facility
  • Organ donor facility
  • Ambulance
  • In patient treatment
  • Second opinion in case of critical illness
  • Waiting period of 3 years in case of pre existing disease
  • In case of shared accommodation, daily cash of Rs. 6000 is provided.

8. Lifeline Supreme Plan

Royal Sudharam Health Insurance Company provides you with Lifeline Supreme Plan. It is meant for both individuals and families. It is one of the comprehensive plans that provide best coverage.

Key benefits and features:

  • Ambulance cover up to Rs. 5000/-
  • Free health checkup once a year
  • Maternity Benefits, the serving mother is provided with the cover with a waiting period of 3 year.
  • In case of no limit exhausted, a bonus of 20% up to maximum 100% is provided.

Plan covers:

  • Free health checkup
  • New born baby cover since birth
  • Vaccination cover of new born baby
  • In case of pre-existing disease, waiting period of 3 years.
  • Second opinion in case of 11 critical illnesses.
  • Worldwide emergency
  • Day care facility for
    • Chemotherapy
    • Hemodialysis

9. Senior Citizen Red Carpet Plan

With the growing age, medical issues are inevitable. Star insurance company provides the senior citizen with Senior Citizen Red Carpet Plan. The plan holds a great significance for old age people and helps them to cut off their medical bills in old age.

Key benefits and features:

  • Pre Hospitalization expense; 30 days cover is provided
  • Copayment is applied in case of treatment payment:
    • For pre existing disease, 50% of each and every admissible claim.
    • For post existing disease, 30% of each and every admissible claim.
  • Sub limits; in case of renal disease, cataract, cancer, vascular cardiac disease, breakage of long bones, cerebro vascular accident.

Plan covers:

  • In patient Hospitalization
  • Pre insurance medical screening
  • ICU Charges
  • Health checkups
  • Hospitalization Expenses:
    • Nursing
    • Boarding
    • Room rent

It doesn’t include venereal disease, sexually transmitted disease, cosmetic surgery, nutritional disease and congenital external conditions.

10. Pro Health Plus Plan

Manipal Signa Heath Insurance Company launched Pro health Plus Plan. This company provides the policyholder with worldwide emergency cover. It covers both the people- residents and non residents of the country.

Key benefits and features:

  • Restoration of insured sum; once a year, if the policyholder exhaust his limit, he is provided with facility to refill it.
  • New born baby expense:
    • Delivery charges of the mother
    • Once child is 91 days old, he is covered under family floater plan
  • First year vaccination for the new born baby

Plan covers:

  • Family floater plan; covers 2 adults and 3 children
  • Expert opinion
  • Free health checkup
  • Co payment in case of 65 years or above person is mandatory.
  • Bonus in case of no claim years, cumulate up to 50%.
  • Pre and post hospitalization cover for fixed days.
  • Portability option
  • Free lock period on 15 days in which you can cancel it if required
  • Waiting period of 4 years for pre existing disease
  • Waiting period of 2 years in case of
    • Varicose veins
    • Varicose ulcer
    • Gastric ulcers
    • Hysterectomy
    • Cataract

In today’s scenario, it is very important to have a sound health insurance policy that provides you best coverage and protects you from draining your hard earned money in case of some unexpected illness or unforeseen accident. Take a comprehensive plan that provides a cover to you and your family from any impending danger!

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