Health insurance comes in handy in case of sudden illness, know our proposed plans
star health insurance – Health insurance is the right investment to protect you and everyone in your family. Very few people in India still have health insurance and if they do, they are under-covered. Illness never comes by telling and in today’s era, continuous increase in pollution, unhealthy food habits, stressful lifestyle, and overwork, invite many serious diseases. Whose treatment is very expensive. In such a situation, if you have to be admitted to the hospital, then the medical expenses can be heavy on your savings. Through this article, it is our endeavor to ensure that the importance of a medical insurance policy is understood, so that in these difficult times of the pandemic, you can choose the right medical insurance to keep yourself and your family safe.
What is Health Insurance?
This is a contract in which we pay the hospital for your medical expenses if you fall ill. It also reimburses expenses related to hospitalization, treatment, surgery, organ transplant, etc. For this you have to pay premium on time. Health policy can be taken by you, your spouse, dependent parents, children and other family members.
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Why should you take a health insurance policy?
Pandemics like COVID-19 and the rising cost of medical expenses can cause financial hardship. Hence, getting a health insurance cover for yourself and your family gives you protection in such times. Given below are the important reasons why you need to consider getting health insurance today:
- Rising cost of hospitalization and medical expenses that can drain your savings without insurance.
- Coverage for the COVID-19 pandemic and critical illnesses.
- Instant cashless hospitalization without spending anything out of pocket.
- Can avail tax benefits under section 80D of the Income Tax Act of India.
- You can take care of your health with an annual check-up.
- You can also get coverage for your family members.
How to choose the best health insurance plan?
In view of the rising cost of medical services and increasing cases of serious health problems, it is becoming necessary to take health insurance. It saves you from stress and financial problems during medical emergency. Under this, you do not have to face financial compulsion for getting treatment in emergency. Hence, investing in health insurance plans is a wise decision. Let us know how you can choose the cheapest health insurance plan for yourself and your family.
Premium is the amount that you have to pay after specified intervals. You can calculate the premium with the help of online premium calculator available on the website. It calculates the right premium amount based on your age, life stage, 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.
It is to be noted that general health insurance plans do not cover critical illnesses such as 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. Therefore, you should look for plans that provide you with maximum coverage.
Exclusions in a health insurance policy are situations, cases, medical procedures, treatments, diseases, etc., under which you cannot receive a claim. Hence it is important for you to know what is permanently excluded from the policy coverage and what treatments are covered under the policy after waiting a certain waiting period. You should choose the plan which has minimum exclusions with maximum coverage.
In case of pre-existing diseases, the waiting period is about 48 months, so look for a policy that gives you the option of reducing the waiting period. Like in Care Health Insurance we give you reduction in wait period add on cover by which you can reduce 48 months to 24 months.
Cashless hospitalization is one of the benefits of health insurance. In today’s pandemic time, it is difficult to arrange money for treatment. Hence it is important that you choose a plan that can provide you with cashless hospitalization in your vicinity.
Along with the basic coverage, also see if you can get the option of increasing the coverage of your policy. We offer 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 get adequate treatment by increasing your policy coverage.
Look for a health insurance plan where you can easily pay the premium without any hassle. Nowadays you health insurance policy EMI which will not even affect your monthly budget.
The premium you pay for health insurance is tax exempt under section 80D of the Income Tax Payment Act. The premium paid for health insurance for self, dependent parents, children and spouse is tax exempt up to Rs 50,000. However, the tax amount depends on your income and age. It also helps in under-reporting your tax income.
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. The covers provide you complete protection.
Care Health Insurance Company, which is considered to be one of the top health insurance providers in India, offers a wide range of health insurance plans. These plans cater to 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 hospitalization due to accidents or illness exceeds 24 hours.
Pre and Post Hospitalization: Covers expenses for doctor consultation, scheduled diagnostics, or hospitalization for 30 days before and up to 60 days after hospitalization.
COVID-19 COVER: If the worry of COVID is keeping you sleepless, you need not worry anymore. The health policy also covers hospitalization expenses due to coronavirus.
Ambulance Cover: The policy covers ambulance cost which provides the benefit of road ambulance to any policyholder.
ICU Charges: Your health is important. Your ICU charges during hospitalization are covered on a plan basis without any limit.
Domiciliary Hospitalization: Domiciliary hospitalization is also available subject to fulfillment of certain specified conditions.
AYUSH Benefits: AYUSH (Ayurveda, Unani, Siddha and Homeopathy) helps you in permanent healing. The policy covers 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 Assured up to a maximum of 50% in 5 consecutive years.
Day-care procedures: The policy covers a number of day-care procedures. Which requires hospitalization for less than 24 hours in the hospital.
Organ Donor Cover: It takes courage to donate an organ. The policy covers the medical and surgical expenses for the transplant.
Automatic Recharge: Never worry if your hospital bills exceed your current sum insured. Your policy also includes the facility of automatic recharge.
Annual Health Checkup: Why spend unnecessarily on outside health checkup when you can get annual health checkup done 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 you opt for the insurance plans, you can heave a sigh of relief and continue with the policy for lifetime on break-free renewability.
What is not covered under health insurance policy?
Many treatments/medical procedures are not covered by the health insurance policy. Let us know what is not covered in the policy:
- Any diagnosis, treatment or surgery for ailments occurring within 30 days from the policy term start date
- Medical expenses related to treatment of congenital disease
- Medical expenses due to IVF or infertility treatment
- Treatment arising out of and/or caused by pregnancy, childbirth, abortion, miscarriage and its consequences
- Hospitalization due to war, riot, strike or nuclear weapons
- medical expenses due to alcohol or drug abuse
- Expenses arising on account of self-inflicted injuries and suicide/attempted suicide
- Pre-existing disease up to 48 months from the inception of the policy
Features of health insurance policy
The 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. Settlement of your claims is possible without involving any third party.
Cashless Hospitalization: You can avail cashless treatment from any of our empaneled healthcare providers. In case of hospitalization due to illness or injury, your medical bills are paid directly with the network hospital. Cashless health insurance is a boon in present times.
Low Premium: You can get this policy at low rates. Affordable premium reduces your financial burden and keeps your budget balanced.
No Upper Age Limit: If you are 18 years of age or above, you can buy the policy without any upper age limit for enrolment.
Discounts: Now you can avail several discounts while buying the policy. Which will be helpful in reducing your premium rate.
Tax Exemption: With the policy you can safeguard both your health and wealth. As per Section 80D of the Income Tax Act, a tax deduction of up to Rs 1,00,000 can be availed for the premium paid for the coverage.
Add on Covers: To enhance the policy coverage, many add-on covers like reduction in wait period, covid care, care shield, OPD cover, etc. are also available.
Disclaimer: The above information is for reference only. Please read the terms of the policy carefully and refer IRDAI guidelines for tax exemption conditions.
Health Insurance Plans
If you have Care Health Insurance then you do not have to worry about the money during the treatment. With this, you get cashless facility to get yourself and your family treated. For a comprehensive health insurance policy, you can check our plans given below. In which you get maximum coverage at affordable premiums. Let us know about them in detail.
Care- Family Health Insurance
Care health insurance helps protect you and your family against financial risks arising out of a medical emergency. On your part you can be assured that when you are unwell; We’ll take care of your treatment concerns so you can be worry-free and focus solely on your recovery. The plan covers hospitalization, pre and post-hospitalization expenses, day-care treatment (which does not require hospitalization), health check-ups, etc.
Care Freedom Plan – Diabetes & Hypertension Cover
Our Care Freedom policy aims to give you the freedom to live life to the fullest. It does not require any pre-policy medical examination for all ages and sum assured. Also, the waiting period is only 2 years in case of pre-existing diseases. It is available as a family floater and individual plan for up to 6 members.
Joy Plan – Maternity and New Born Baby Cover
JOY is a modern insurance product, which takes away all the questions and uncertainties regarding this new chapter in your family life. It takes care of your maternity and allied health insurance needs not only for today, but also for tomorrow. Joy Maternity Insurance Plan covers expenses during pregnancy and post-hospitalisation.
Super Mediclaim – Critical Illness Cover
Care Health Insurance offers Super Mediclaim to help you protect against the cost of critical illness. This is one of the most important policies. In this, coverage is provided for the expenses incurred in the treatment of any critical illness if the insured person is diagnosed. This policy provides you coverage against 32 critical illnesses. You can choose any of the following covers under the Super Mediclaim plan:
- critical medical claim
- cancer medical
- Heart Medical Claim
- Operation Mediclaim
- Travel Insurance Policy (Travel Insurance)
Care also offers travel insurance policies apart from health insurance policies. Let us know about them in detail.
Explore Travel Insurance Plan
Explore Travel Insurance policy covers medical or non-medical expenses incurred while traveling. Travel insurance plans take away the uninvited hassles and worries on your family vacation. Explore travel insurance policy covers emergency hospitalization, medical evacuation, trip delay / trip cancellation, etc.
Student Explore Travel Insurance Plan
Student Explore Travel Insurance Plan is designed for students going to study abroad. This plan brings to you new age benefits and services. Student travel insurance covers personal accident, travel inconvenience benefits, sponsor protection and much more.
Secure Personal Accident Insurance Plan
Secure Personal Accident Insurance Plan offers you personal accident insurance that directly takes care of every worry that may arise as a result of a serious accident.
Care Health Insurance gives you maximum coverage at minimum premium. So secure yourself and your loved ones by investing in the best health insurance plan today.
Disclaimer: Plan features, benefits and coverage may vary. Please read the brochure, sales prospectus, terms and conditions carefully.
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