Health Insurance

What is Health Insurance? : Health Insurance is a Contract between a customer and insurance company, wherein Insurer agrees to pay the insured for health care expenses that may arise due to hospitalization, accident, illness or disease. All these expenses are paid as per policy terms & conditions.

Need of Health Insurance : Our lifestyle, plays an important role on our health condition. Long working hours, increased commutation time, Increased pollution Level – air, water & noise, Hurried lifestyle and habit of eating processed foods, lack of sleep & time , all this results in to stress. Stress leads to lifestyle diseases. A medical Emergency can strike on anyone at any time. None of us would compromise on quality of medical treatments for our near and dear ones. This results in to out of pocket expenses/ financial loss if we do not have adequate health insurance coverage.

Tax Benefits : Exemption under section 80 (D) of the Income Tax Act, 1961 is presently available.

Coverage under health Insurance Policy:

• illness / disease or accidental injury leading to expenses - hospital charges: room & operation theatre charges, surgeon fees, anesthetist fees, nurses, cost of medicine, oxygen, blood, cost of appliances like pacemaker, artificial limbs and cost of organ donor expenses.
• Hospitalization expenses subject to a maximum of the sum insured at inception of the policy
• Pre hospitalization Post hospitalization expenses
• Cashless Facility at network hospitals

Selection of any health insurance plan:

• Waiting Period & Duration before Pre-Existing diseases are covered in the Policy
• Lifelong Coverage
• Type of Health Insurance – basic / top-up/super top-up
• Extra/ Additional Coverage offered if Sum Assured is exhausted
• Maternity coverage offered
• Day Care treatments covered
• Product Premium
• Co – Payment options