Health Insurance

Plans starting at only ₹7/day*

Health Insurancebanner image
Enter your details to buy Health Insurance
By proceeding, I agree to the Terms & Conditions
  • no spam calls
    No Spam calls. Promise
  • tax deduction
    Upto ₹75,000** Tax deduction under Sec 80D
  • instant policy
    Instant Policy Issuance

What is Health Insurance?

According to the World Health Organization (WHO), it is expected that chronic and infectious diseases will see a rise by 57%. We all have been witnessing the spread of chronic diseases such as coronavirus, which are expensive in treatment as well. Therefore, it is crucial to have some financial shield against unexpected medical emergencies. 

This is where health insurance plays an important role.

A health insurance plan is a commitment undertaken by the insurance company such that if the insured person is hospitalised for any illness or disease or even injury, then all agreeable expenses would be paid by the insurer. To avail this benefit, the insured would have to pay a price at the beginning of the policy term, called “premium”.

For example, say you have a fixed deposit of INR 2 lakhs in savings and you get coronavirus and need to be hospitalised. You need to undergo treatments the total costs of which amount to INR 3.5 lakhs. Now consider the following scenarios –

Without a Health Insurance PlanWith a Health Insurance Plan of INR 5 lakhs
  1. You might have to withdraw your fixed deposit to pay for the hospital bills up to INR 2 lakhs
     
  2. You would also have to arrange for additional funds to cover the remaining INR 1.5 lakhs
     
  3. You might have to get a loan to cover the total bill for which you would have to incur additional interest cost
  1. Your hospital costs would be covered by the health insurance policy
     
  2. Your fixed deposits would remain safe for the future
     
  3. You would not have to avail a loan for medical bills

Types of Health Insurance Plans

There are multiple types of health insurance plans which have been designed to suit the diverse coverage needs which you might have. Let’s have a look at these variants –

Broadly, health insurance plans can be categorised as indemnity and fixed benefit plans, and each category has different health plans under it.

  1. Indemnity Health Plans
    Indemnity health insurance plans are those plans which cover the actual medical bills that you incur. So, in case you are hospitalised, your medical expenses can be paid through an Indemnity Health Plan. These are also known as Comprehensive Health Insurance Plans.

    There are various types of Indemnity Health Insurance plans which differ in terms of coverage benefits like:
    1. Individual Health Plans
      Which covers a single individual under a single sum insured. This plan can be taken only on an individual basis.
    2. Family Floater Plans
      It covers the members of a complete family under one policy with a single sum insured. The members who can be covered include self, spouse, dependent children and dependent parents or sometimes even parents-in-law.
    3. Senior Citizen Health Plans
      This is a plan for the senior citizen only, i.e. individuals aged 60 years and above.
    4. Top-up and Super Top-up Plans
      These plans enhance the already existing coverage at a lesser cost. Thus, top-up and super top-up health insurance plans are those who are meant to supplement your health insurance coverage at low premiums. These plans come with a deductible limit, and if claims exceed the deductible limit, the policies pay the excess claim.
    5. Disease-specific Health Insurance Plans
      Disease-specific health plans are those which either cover specific illnesses or individuals suffering from specific illnesses. For instance, there are diabetes-specific health plans which cover diabetics.
      The most common types would be:
      1. COVID care health insurance plans
      2. Cancer care health plans
      3. Diabetic health plans
      4. Dengue care health plans, etc.
         
  2. Fixed Benefit Health Plans
    Fixed benefit health plans are those which pay a lump sum benefit in case of a claim irrespective of the medical costs that you actually incur. This type of plan can be taken along with a comprehensive Indemnity Health Insurance Plan, such that hospitalisation expenses are covered through the indemnity plan and a fixed benefit plan pays for the loss in income, ancillary expenses like nurses, physiotherapy cost, etc. which might not be covered under the indemnity health insurance plan.
    The most common types of fixed benefit plans are as follows:
    1. Critical Illness Health Plans
      These plans cover a list of specific critical illnesses. If the insured suffers from any covered illness, the policy pays the sum insured in a lump sum.
    2. Hospital Cash Plans
      Hospital cash health plans are those which pay a fixed daily benefit if you are hospitalised for a period of 24 hours or more.
    3. Personal Accident Plans
      Personal accident policies cover accidental deaths and disablements. In case of death or permanent total disablement due to an accident, the sum insured is paid in a lump sum. In case of permanent partial disablement, a part of the sum insured is paid in a lump sum.

Benefits of Health Insurance

The need for a health insurance plan cannot be stressed enough. However, here are the top reasons why health insurance is beneficial –

  1. Protection against High Medical Costs
    Medical costs have become very expensive in today’s times and illnesses have also become common due to the current lifestyle. In such cases, if a medical emergency occurs, the expensive costs can drain your financial savings. A health insurance policy acts as a plug to stop the drain. It pays for the medical costs and protects your savings.
  2. Affordable Coverage
    The premiums of health insurance policies are affordable and, with the recent changes, you are also allowed to pay the premiums in instalments. Thus, it becomes easy to afford a health insurance plan and avail financial aid in a medical emergency.
  3. Wide Range of Coverage Benefits
    Health insurance plans come equipped with a range of coverage features which cover almost all possible medical expenses that you incur in case of hospitalisation. The coverage, therefore, minimises your out-of-pocket expenses and proves multidimensional in a crisis.
  4. Coverage for Family Members
    Under a family floater health insurance plan, you can ensure coverage for your entire family under a single policy. Thus, if any family member needs medical attention, the health plan would extend coverage and give financial assistance.
  5. Different Types of Plans
    Every individual has different need. To ensure that you get an all-round protection suitable to your needs, health insurance plans come in different variants. You can find a policy for almost every type of medical contingency, which you might suffer, thereby ensuring an all-round financial protection.
    For example, if you want to cover yourself and your family against all COVID-related ailments, you can opt for a COVID-specific health insurance plan.
  6. Tax Advantage
    Investing in health plans allows you a deduction from your taxable income, which reduces your tax liability. You can claim a deduction of up to INR 1 lakh under Section 80D.

What is Covered in Health Insurance?

As mentioned in the benefits that health insurance plans offer a wide scope of coverage, here’s a look into the standard coverage benefits which you can find under a standard health insurance plan –

Coverage BenefitMeaning
In-patient HospitalisationThe costs incurred on hospitalisation and treatments are covered if you are hospitalised for 24 hours or more
Pre-hospitalisation ExpensesThe costs incurred before being hospitalised are covered for up to a specific duration which is usually between 30 to 90 days
Post-hospitalisation ExpensesThe costs incurred after being discharged from the hospital are covered for up to a specific duration which is usually between 60 and 120 days. These costs are incurred for monitoring your recovery after treatments
Daycare TreatmentsThose which do not require hospitalisation for 24 hours due to advanced medical techniques. Such treatments are also covered under health insurance plans
Domiciliary HospitalisationIf you are hospitalised at your home its expenses would be covered if such hospitalisation is because of non-availability of hospital beds or because you cannot be shifted to the hospital
Organ Donor ExpensesIn case you undergo an organ transplant surgery, this feature would cover the expenses incurred on harvesting an organ from a donor
Ambulance CostsFor hiring an ambulance to transport you to the hospital is covered up to a specific limit
AYUSH TreatmentsNon-allopathic treatments like Ayurveda, Unani, Siddha and Homeopathy are also covered under many plans
Free Health Check-upsHealth insurance plans allow you the benefit of monitoring your health through free preventive health check-ups. This facility is allowed once in 1-4 policy years depending on the policy you choose
Sum Insured RestorationIf you use the sum insured on a previous claim, this feature restores the sum insured to its original amount so that you get complete coverage for subsequent claims which occur within the same policy year
Maternity BenefitUnder this benefit the costs associated with pregnancy, childbirth and pre- and post-natal care are covered up to specified limits. Maternity cover is beneficial if you are planning a family
OPD ExpensesOPD expenses are those which are incurred on an outpatient basis on doctor’s consultations, medicines, diagnostic tests, etc. Many health plans allow coverage for such expenses up to specified limits
No-claim BonusNo-claim bonus (NCB) is a reward for you if you don’t make a claim in a policy year. You are either allowed an increase in the sum insured free of cost or a premium discounts on renewal through no claim bonus

What is not Covered in Health Insurance?

Though health insurance plans allow a comprehensive scope of coverage, there are some medical costs and treatments which are not covered. These are called policy exclusions and some of the most common exclusions include the following –

Pre-existing IllnessesWhich already exist at the time of buying the plan. Usually, it is either not covered or not covered at least in the initial 2-4 years (waiting period)
Specific IllnessesLike hernia, joint replacement surgeries, fistula, cataract, etc. are not covered within the first one or two years of the policy
Illnesses contracted Right After Buying the PolicyIllnesses suffered within the first 30 to 90 days of buying the policy are usually not covered, other than accidental injuries, which is covered from the first day itself
Cosmetic TreatmentWhich are not medically necessary would not be covered
Dental TreatmentOther than resulting from an accident
STDVenereal diseases and sexually transmitted diseases like HIV or AIDS are not covered under health insurance plans
War and Allied PerilsInjuries or illnesses suffered due to war, mutiny, civil unrest and other similar reasons, including nuclear contamination, would not be covered
Overuse of Drugs/AlcoholHealth complications due to overuse of intoxicating substances would not be covered
Experimental TreatmentAn unproven and experimental treatment is usually not covered
Other Exclusions
  • Self-inflicted injuries and attempted suicide
  • Participating in hazardous activities or adventure sports
  • Criminal activity
  • Deliberate injuries, etc.
  • Are also not covered under any health insurance plan.

You should know these policy exclusions to know the instances when your claims would not be paid by the insurer.

How to Compare Health Insurance Plans Online?

You should buy a health insurance policy only after comparing it with other plans in its category. The comparison allows you to choose the best health insurance plan available in the market which –

  1. Suits your coverage needs
  2. Provides an inclusive scope of coverage
  3. Has a reasonable premium

Comparing health insurance plans is quite simple, thanks to the online platform. However, when comparing, there are several parameters which should be used to judge and compare health plans. Let’s have a look at these parameters –

  1. The Coverage Benefits Offered and their Relevance to Your Needs: Check for the actual coverage of the plan and whether that is what you need. For example, if you would be starting a family soon, look for maternity health insurance plan but if you already have kids and not planning to have another one, maternity coverage would not make much of a difference.
  2. Room Rent Limit: Many health insurance plans impose a limit on room rent. This limits the coverage of in-patient hospitalisation. If you are admitted in a room which has a higher rent than the limit of the plan, you would incur out-of-pocket expenses, since the claim would be reduced. You should, therefore, look for plans which do not have any sub-limits on room rent.
  3. Waiting period: If you or any family member suffers from a pre-existing illness, a plan with a low waiting period for pre-existing diseases would make more sense. You should, therefore, look for plans which have a short waiting period of 2-3 years before allowing coverage for pre-existing diseases.
  4. Premium: The policy should charge a competitive premium proportionate to the coverage benefits offered. So, compare the plans on the basis of their coverage vis-à-vis their premiums and choose a plan which offers the most coverage features at the least amount of premium.
  5. Network Hospitals: The insurance company would pay a cashless claim if you get admitted in a networked hospital. A cashless claim is where the hospital bills are directly handled by the health insurance company and you don’t have to bear the financial burden. So, when comparing, look at the network of cashless hospitals tied-up with the insurance company. The wider the network, the better it would be for you to locate a hospital in your area for an easy cashless claim settlement.

Health Insurance Premium Calculator

Premium is the cost that you pay to the insurance company to provide you coverage against medical costs. This premium is calculated by the insurance company considering different factors which impact your health risk. If the health risk is high, the premium would be high. Let’s have a look at the factors which affect the premium –

  1. Age: Higher the age, the higher is the premium as the greater would be the chances of suffering from a medical illness or injury.
  2. Health Conditions: Healthy and no existing illness would have lower health risk and so lower would be the premium.
  3. Coverage Amount: Higher the coverage, the higher is the premium.
  4. The Coverage Benefits: Higher the benefits, the higher is the premium. This is because as the coverage benefits increase, the insurance company takes higher risk of covering increased medical costs. 
    Tip: So, if you compare two plans, always compare the premiums vis-à-vis their coverage. The plan with a wider coverage would charge a higher premium.
  5. Dependent Members: Higher is the number of members in the coverage, higher would be the premium. The age of the oldest member and the total number of dependent, determine the overall premium of the plan. So, the premium of a policy covering yourself and your spouse would be lower than the premium of a policy covering yourself, your spouse, your parent, and dependent children.
  6. Additional Benefits Selected: Add-on to the original health plan increases the scope of health insurance coverage and so the premium also increases accordingly.
  7. Lifestyle Habits: Smoking and drinking increase the risk of falling ill, and thus premium also rises.
  8. Policy Discounts: Most common discounts would be:
    1. Buying the policy online
    2. Buying a long-term policy of 2 or 3 years
    3. Adding 2 or more family members to the policy, so that the individual coverage cost of the entire family reduces
    4. No-claim bonus discount if you did not make a claim in the last policy year
    5. Wellness Benefits are also provided sometimes, like a gym membership, wellness packages, and vouchers, full-body check-up, fitness app discounts, etc.

Health Insurance Claim Process

When you are hospitalised and such hospitalisation is covered under your health insurance policy, you can lodge a health insurance claim. The insurance company would cover the medical costs incurred on hospitalisation when you raise a claim on your policy, as per the terms and conditions of the policy.

Health insurance claims can be of two types –

  1. Cashless Claims: The insurance company would settle your medical bills directly with the hospital, if you are hospitalised in a networked hospital
  2. Reimbursement Claims: First, you pay for your medical expenses yourself and later on get the expenses reimbursed by the insurance company. If you are admitted to a non-networked hospital, your claim would be settled on a reimbursement basis

For example, if you are hospitalised and your medical bills amount to INR 3 lakhs, here’s how both the claims would be handled for a health insurance plan of INR 5 lakhs

Cashless ClaimsReimbursement Claims
  • The insurance company would settle your medical bills upto INR 3 lakhs with the hospital
  • You would not have to pay anything from your pocket (except the non-admissible amount like consumables, etc.)

·  You pay the medical bill of INR 3 lakhs yourself

·  After you are discharged, you file a claim with your insurance company

·  The company reimburses upto INR 3 lakhs to your bank account for the medical bills that you paid for the accepted amount

There is a claim process which you should follow under both these claims. 

Health Insurance Claim Process –

  • For Cashless Claims
    • Inform the insurance company immediately of your claim. This would allow the company to register your claim and generate a claim reference number. This number would be used for tracking and settlement of your claims.
    • You would have to fill up and submit a pre-authorization form to get approval for cashless claims. This form can either be downloaded from the insurance company’s website or you can get the form from the Third Party Administrator (TPA) of the insurance company
    • The pre-authorization form should be submitted to the insurance company at least 3-4 days before a planned hospitalisation. If, however, the  hospitalisation is due to an emergency, the form should be submitted within 24 hours of hospitalisation
    • Based on the pre-authorization form submitted, the insurance company would give its approval for cashless claims
    • Once the approval is received, you can avail cashless health insurance treatments
    • After you are treated and discharged, you need to file a claim form with the insurance company. This form should also be supported by relevant medical documents so that the claim can be settled
  • For Reimbursement Claims
    • Inform the insurance company of the claim and get it registered
    • In case of an injury or illness, get hospitalised and avail the necessary medical treatments. Pay the hospital bills from your pocket
    • After you are discharged, file the reimbursement claim form supported by the relevant medical documents
    • The insurance company would verify the documents and reimburse you for the costs incurred

Documents for Claim:

Under both cashless and reimbursement claims, you would have to provide the following documents to the insurance company for settlement of your claims –

  • Claim form, duly filled and signed
  • Discharge Summary or Certificate issued by the hospital
  • Identity proof of the insured member for whom the claim has been made
  • Policy document
  • Doctor’s prescription which advised hospitalisation
  • Original medical bills and investigation reports
  • All the prescriptions of attending doctors and medical practitioners
  • Original bills of medicine issued by the pharmacy
  • All original bills issued by the hospital
  • Police FIR or Medico Legal Certificate (MLC) in case of accidental hospitalisation

Best Health Insurance Plans in India

Here is a list of top ten health insurance plans in India which offer you a comprehensive scope of coverage –

Name of the planWhat Makes the Plan Special
Care Health Insurance(Care Plan)
  • Different plan variants with sum insured up to INR 6 crores
  • Free annual health check-ups
  • A network of 7800+ hospitals for cashless claims
  • Coverage for robotic surgeries
  • A range of optional riders for enhanced coverage
HDFC Ergo Health Optima Restore
  • 100% sum insured restoration
  • 98% claim settlement ratio ensuring quicker and faster settlement of your claims
  • 50% no claim bonus every claim-free year which doubles the sum insured within two claim-free years
  • Free annual health check-ups
  • Premium discounts if you walk regularly and record more than 5000 steps in a year
ManipalCigna ProHealth Insurance
  • Sum insured up to INR 50 lakhs
  • Provides emergency medical cover worldwide
  • Multiple sum insured restoration allowed
  • Coverage for maternity expenses
  • Expert medical opinion free of cost in case of critical illnesses
Star Health Family Health Optima
  • Automatic restoration of sum insured free of cost, three times a year
  • Free annual health check-ups
  • Coverage allowed for assisted reproductive treatments
  • Lump sum benefit is paid in case of admission in a networked hospital
  • Settlement of 90% of cashless claims within 2 hours
ICICI Lombard Complete Health Insurance 
  • A network of 6500+ hospitals for easy cashless claims
  • Free annual health check-ups
  • 100% sum insured restoration once in a policy year
  • Optional riders are available to customize your policy
Aditya Birla Activ Health Platinum
  • Sum insured of up to INR 2 crores
  • Free annual health check-ups
  • Free worldwide coverage in case of medical emergencies
  • A personalised wellness coach for healthy living
  • Coverage for chronic illnesses like diabetes, hypertension, etc. are available from Day 1 of the plan
Niva Bupa (formerly Max Bupa) Health Premia
  • Three plan variants with sum insured up to INR 3 crores
  • International coverage is allowed under the plan
  • Coverage for maternity and new age treatments
  • Inbuilt travel insurance cover for travel related contingencies
  • Coverage for OPD expenses

Health Insurance Tax Benefits

Health insurance plans allow tax benefits. The premiums paid for the health insurance policy are allowed as a deduction from taxable income under Section 80D of Income Tax Act, 1961. 

The limit of deduction is as follows –

Premium Paid for Limit of DeductionTotal Deduction
Self and/or spouse and/or children if you are below 60 yearsUp to INR 25,000Up to INR 25,000
Self and/or spouse and/or children if you are 60 years and aboveUp to INR 50,000Up to INR 50,000

Self and/or spouse and/or children if you are below 60 years 

+

Dependent parents aged 60 years and above

Up to INR 25,000

+

Up to INR 50,000

Up to INR 75,000

Self and/or spouse and/or children if you are 60 years and above 

+

Dependent parents aged 60 years and above

Up to INR 50,000 + Up to INR 50,000Up to INR 1 lakh

Thus, a maximum deduction of INR 1 lakh can be claimed through health insurance premiums.

Let’s understand with an example:

Mr. A, aged 45 years, buys a family floater health insurance policy for his family, excluding dependent parents. The sum insured is INR 15 lakhs and the premium paid for the policy is INR 30,000. He buys an additional senior citizen health insurance policy for his dependent parents and the premium for the policy is INR 18,000.
The deduction which Mr. A can claim would be as follows –

For the family floater health planINR 25,000 (maximum limit)
For the senior citizen policyINR 18,000
Total deduction available INR 43,000

If Mr. A is in the 30% tax bracket, he can claim a deduction of INR 43, 000 from his taxable income and save a tax of INR 12,900 (30% of 43,000).

Network Hospitals 
Hospitals which are tied-up with a health insurance company for providing cashless claims to its policyholders are called network hospitals. If you want your claims to be settled on a cashless basis, choose plans which have a wide range of networked hospitals. The wider the network, the easier it would be for you to locate a hospital near your locality which is tied-up with the insurance company and provides cashless treatments.

The list of networked hospitals of an insurance company can be checked on the insurance company’s website. You can also call the customer care department of the insurer to find the details of the networked hospitals in your city and/or locality at the time of claims.

Health Insurance FAQs

  • 1. Why should I buy health insurance?

    With the help of health insurance, you don’t lose your lifelong savings while paying heavy medical bills. It looks after the expenses of not only the policyholder but his family as well. 

  • 2. What is the eligible age to buy health insurance?

    An individual aged between 18 to 65 years is considered to be eligible to buy health insurance. While eligibility age for children lies between 90 days to up to 18 years.  

  • 3. Can I buy more than one health insurance plan?

    Yes, you can buy more than one health insurance plan, based on your needs and medical conditions. 

  • 4. What are the different types of health insurance plans available?

    There are various types of health insurance plans available to buy such as Individual Health Insurance Plan, Family Floater Health Insurance Plan, Senior Citizen Health Insurance Plan, Critical Illness Insurance Plan, Maternity Health Insurance Plan, Group Health Insurance Plan, Personal Accident Insurance Plan. 

  • 5. Can health insurance premiums be paid in installments?

    Apart from paying the premiums annually, policyholders can also use other modes such as monthly, quarterly or semi-annually. 

  • 6. Does health insurance offer tax benefits?

    Yes, under Section 80D of the Income Tax Act, premiums paid towards a health insurance plan are exempted from tax. You are allowed to claim a maximum deduction of up to INR 25,000 per year for you, your spouse and dependent children. 

  • 7. Can I increase the sum insured of my existing health policy?

    Yes, you can increase the sum insured of your existing policy as many insurance companies offer such policies to the customers, where sum insured can be increased easily. However, if your insurer doesn’t offer this provision, you can either opt for top-ups or increase your cover at the time of policy renewal.  

  • 8 .Can I buy health insurance even if I have recently been diagnosed with a medical condition?

    Yes, you can buy health insurance, such a situation is considered to be a pre-existing medical condition, wherein you have to wait for 2-4 years. This is known as waiting period, after completing the same period, you will be covered under your health insurance plan.  

  • 9. What is the difference between mediclaim and fixed benefit health insurance?

    Mediclaim policies cover hospitalization expenses but fixed benefit health insurance plans provide a fixed lump sum upon diagnosis of certain critical illnesses. Use mediclaim to cover your regular health related expenses. Use a fixed benefit health insurance plan to cover critical illnesses.

  • 10. Can I cancel my health insurance policy and get a refund?

    Generally, there is a free-look period of 15-30 days, and if you cancel health insurance within this period, the entire premium amount would be refunded after deducting the stamp duty fees and proportional risk charges for the days you are being covered.

  • 11. What is a pre-existing condition in health insurance?

    A pre-existing condition is broadly defined as a condition or a disease which existed before the health insurance policy​ is bought. It is important because most health insurance providers  do not cover pre-existing conditions, for a period of  4 years from purchase of the first policy.

  • 12. Can the policy expire if it is not renewed on time?

    There is a grace period of 15 days available to pay the premium from the date of expiry of the policy. However, coverage would not be available for the period for which no premium is received by the insurance company. The policy will become non existent if the premium is not paid within the specified grace period.

  • 13. Can policy be transferred from one insurance provider to another provider without losing the benefits?

    Of course. The Insurance Regulatory and Development Authority ( IRDA ) , the sole body looking after the insurance sector in India, has issued a circular which directs the insurance companies to allow transfer from one insurance company to another and from one plan to another, without making the insured to lose the renewal credits for pre-existing conditions, enjoyed in the previous policy. However, this credit will be limited to the Sum Insured (including Bonus) under previous policy.

  • 14. What are the maximum number of claims allowed over a year?

    A policy holder can claim any number of claims under a policy, within a year. But the claim amount cannot exceed the maximum amount for which the policy has been insured.

  • 15. What do you mean by Family Floater Insurance policy?

    Family plan is one single policy that covers all the members of a particular family. It takes care of the family members hospitalisation expenses. The policy has one single sum insured, and one single premium is paid for the policy. The advantage of having a family floater policy is that all members of the family are covered and there is no need to buy individual policies for each member of the family and there is no need to pay different amounts of premiums for different policies. Family Floater plans take care of all the medical expenses during sudden illness, surgeries and accidents.

  • 16. Is a maternity cover available in a standard health insurance plan?

    In most cases, you will not have a maternity cover under your health insurance policy. However, some insurance providers do include this advantage, albeit after a waiting period. You can buy a maternity cover rider or a specific maternity insurance plan to stay covered.

  • 17. Do I get a loyalty discount when renewing my health insurance policy?

    Yes, you can expect a discount on your health insurance premium when you go for a renewal with the same insurance company. Many insurers offer loyalty benefits in the form of discounts when you continue with them for more than one policy period.

  • 18. What is a Cumulative Bonus?

    An increase in the Sum insured by a specified percentage for every claim free year, subject to a certain maximum. An important point to be remembered is that the policy should be renewed without a break to avail of the cumulative bonus.

  • 19. If hospitalization is for less than 24 hours, will my policy still be applicable ?

    Yes, your health insurance policy is very much applicable even if the hospitalization is less than 24 hours. This is known as Day Care Treatment. Here, 24 hours hospitalization is not required and you do have a scope of coverage too.

  • 20. Can I get a discount at the time of the policy renewal?

    Yes, with NCB, you can avail discounts. Not only this, some insurance companies have the concept of loyalty benefit under which they offer a discount on renewal of policy from the same company.

  • 21. What will happen if my policy lapses when I am hospitalized?

    Once your policy has been lapsed, you won't get the claim amount from your insurance company. Yes, a lapsed policy is considered to be null and void. Thus, your insurance won’t pay the hospital expenses and you have to bear the cost from your own pocket. 

View All

Recent Articles

View All
https://insurance-blog-cms.paytminsurance.co.in/234_Health_Insurance_How_NR_Is_Can_Buy_Health_Insurance_In_India_4_04283e8e34.jpg

Reasons to Choose Star Health Insurance Online?

Medical emergencies can happen at any time and even during a financial crisis. Hence, let us see why you shoul...

Read More
https://insurance-blog-cms.paytminsurance.co.in/223_Health_Insurance_Must_Know_Documents_And_Process_For_Filing_For_A_Reimbursement_Health_Insurance_Claim_5_3c8c0dffa4.jpg

Health Insurance Jargons are Important - Here’s Why

Although health insurance jargon might often be difficult to understand, it is crucial to know things beforeha...

Read More
https://insurance-blog-cms.paytminsurance.co.in/272_Health_Insurance_How_To_Compare_Health_Insurance_Online_In_India_2_badd0349bb.jpg

Role of Health Insurance During Rising Death and Diseases

Understanding the necessity of health insurance coverage along with a healthy lifestyle practice is crucial in...

Read More
https://insurance-blog-cms.paytminsurance.co.in/253_11_Point_Checklist_For_Buying_Health_Insurance_In_India_4_1510d8db96.jpg

Vector-borne Disease Coverage by Health Insurance

Since the outbreak of Covid-19, the fundamental functionality of the world has changed. Among them, the insuff...

Read More
https://insurance-blog-cms.paytminsurance.co.in/253_11_Point_Checklist_For_Buying_Health_Insurance_In_India_4_1510d8db96.jpg

Tips to Buy a Second Health Insurance Plan

Having adequate health insurance coverage is highly essential with the increasing healthcare inflation. You ne...

Read More
https://insurance-blog-cms.paytminsurance.co.in/272_Health_Insurance_How_To_Compare_Health_Insurance_Online_In_India_2_badd0349bb.jpg

Does Health Insurance Plans in India Provide Mental Health C...

Mental health is as important as physical health. With increasing awareness, people have now started openly ta...

Read More
https://insurance-blog-cms.paytminsurance.co.in/274_India_Requires_More_Awareness_On_Health_Insurance_8e7b28d130.png

A Short Discussion on the Major Benefits of the Ayushman Bha...

Ayushman Bharat Yojana, currently known as Pradhan Mantri Jan Arogya Yojana, is regarded as one of the biggest...

Read More
https://insurance-blog-cms.paytminsurance.co.in/255_Health_Insurance_5_Cost_Effective_Government_Sponsored_Health_Insurance_Schemes_You_Can_Avail_In_India_1_10d1c339c7.jpg

A Comprehensive Discussion on the Upper Coverage Limit in Aa...

Aarogya Sanjeevani health insurance policy is one of the best inclusions in the health insurance sector.

Read More
https://insurance-blog-cms.paytminsurance.co.in/255_Health_Insurance_5_Cost_Effective_Government_Sponsored_Health_Insurance_Schemes_You_Can_Avail_In_India_1_10d1c339c7.jpg

A Comparative Study of Ayushman Bharat Yojana and Pradhan Ma...

Two most significant launches of the Government of India include Ayushman Bharat Yojana and Pradhan Mantri Mat...

Read More