A health insurance policy is an agreement between an insurance company and a policy holder. In this agreement, the policy provider offers financial assistance for medical expenses to the policy holder in return of a premium. The policy holder can get reimbursement for medical treatments, hospital bills, surgical bills, etc or choose the cashless claim feature. The cashless claim feature allows the policy holder to avail treatment on a network hospital without worrying about the payments. The insurance company and the network hospital have an association through which they settle the bills of the policyholders. You can compare multiple health insurance plans online. Buying medical insurance online helps you to choose the one which best fits your requirements.
Why is Health Insurance Important?
A health emergency will not knock on your door before entering your life. Especially with physical fitness featuring low on our priority list, diseases are becoming more common. Medical treatments especially in private hospitals can lead to inflated bills. And if you find yourself in such a situation, it can completely drain your savings if you don’t plan ahead. A health insurance plan will offer you a cushion in times of medical emergencies. It provides you and your family with financial assistance that will cover you and your family’s urgent medical needs. Apart from this, buying a health insurance policy can also offer you tax benefits under Section 80D of the Income Tax Act. 1961.
Different Types of Health Insurance Plans in India
The several types of offline and online health insurance plansin India are:
- Individual Health Insurance Plans
- Family Health Insurance Plans
- Senior Citizen Health Insurance Plans
- Personal Accident Insurance Cover
- Group Health Insurance Plan
- Maternity Health Insurance Plan
Two types of health insurance policies that have been introduced recently are
- Coronavirus Health Insurance Plans
- Unit Linked Health Insurances
Individual Health Insurance Plans
Individual health insurance plans offer financial cover against medical expenses for an individual. The insured alone gets all the benefits of the plan. It is best for individuals whose family members are already insured or who is at a higher health risk. An Individual health insurance is for a single person and cannot float within the family. This type of medical insurance plan covers hospitalisations, surgeries, room rent, physician’s fee and tests. However, the insured has to pay a certain amount as co-payment for some healthcare services. There are no restrictions on the maximum age for the renewal of the policy.
Family Health Insurance Plans
A Family Health Insurance Plan or a Family Floater health Insurance plan is a single sum of money offered to the entire family as coverage. The sum is divided amongst the family members equally in case multiple members fall sick. A single premium is to be paid in a year to avail this insurance. A single claim or multiple claims can be made within a year under this plan. It is more cost-effective than taking individual health insurance plans for each member of the family. However, addition of senior citizen members into this plan may increase the yearly premium.
Health Insurance For Family
A family health insurance is a type of health insurance , which covers the entire family in a single insurance plan. It can be further customized as per your family’s needs. Your family gets the much required health insurance coverage against rising medical expenses. It includes pre & post hospitalization expenses, doctor consultation, ambulance cover and other medical expenses arising in case of illness and accidents.
Our life revolves around our family. Securing their medical need should always be your top priority. Can you imagine something more important than your family? No, right? Then why let their health, happiness and financial stability be at stake? With the growing risk of diseases and skyrocketing medical treatment expenses, a sound health insurance policy is the shield around your family. With HDFC ERGO health insurance bind your family in a safety bond.
hat is covered in a health insurance policy?
Sum Insured rebound
This acts like a magical back-up, which recharges your exhausted health cover to treat the next hospitalization of a new illness or injury.
Instalment Benefit
Do you like the idea of paying your health insurance premium in instalments? If yes, then get your health cover with us and make the most of our instalment benefit.
No Medical Test Upto 45 Years
If you are young, hale and hearty then get yourself a health insurance plan by HDFC ERGO without any medical check-ups.
Cashless Home Health care**
If your Doctor recommends you can get yourself treated at home and avail cashless medical facilities then this feature would be of utmost help.
Hospitalization expenses
Just like every other health insurance plan, we cover you for your medical hospitalization due to illnesses and injuries seamlessly.
Pre & Post Hospitalisation
It means all your pre-hospitalization expenses upto 60 days of admission and post-discharge expenses till 180 days get covered, like the costs for diagnostics, investigation etc.
Daycare procedures
Medical advancements help in wrapping up important surgeries and treatments in less than 24 hours, and guess what? We cover you for that as well.
AYUSH Benefits
Let your belief in alternate therapies like Ayurveda, Unaani, Siddha and Homeopathy stay intact as we cover hospitalization expenses for AYUSH treatment as well.
Organ Donor Expenses
Organ donation is a noble cause and we cover the medical and surgical expenses of the organ donor when harvesting a major organ transplant.
Recovery benefit
If you stay in a hospital for more than 10 days at a stretch then we pay for other financial losses that might have happened due to your absence at home. It helps to take care of other expenses during your hospitalization. (Amount specified in the policy wording)
Mental healthcare
We believe mental healthcare is just as important as hospitalization due to physical illness or injury; hence we cover hospitalization expenses incurred for treating mental illnesses.
Free Renewal Health Check-up
Get a free health check-up within 60 days after policy renewal done by HDFC ERGO at the time of renewing your policy with us.
Save Tax upto ₹ 75,000*
Did you know that a health insurance plan is not just meant to safeguard your savings but also help you save tax? Yes, you can save upto ₹ 75,000 with HDFC ERGO Health Insurance plans.
Lifetime Renewability
Once you get yourself secured with our health insurance plan there’s no looking back, this health insurance plan continues for your entire lifetime on break free renewals, you don’t have to exit from it.
No entry age restriction
If you are 18 years old and above you can buy our health insurance plan without any hesitation. We secure people of all age groups.
How to buy family medical insurance?
There are two ways you can buy a family medical insurance policy from IFFCO-Tokio General Insurance Pvt. Ltd. The first way is to visit one of our many branches spread across the country. A customer care executive will understand your needs, guide you through the buying process and ensure you walk out having your family covered!
You can also purchase family health insurance online. The process is quite simple; all you have to do is follow these simple steps.1Visit our website
Find our website using your mobile phone, laptop, or computer. You should see a form asking for your name & number – just fill in these details and hit the submit button. This is the first step to buy family health insurance online.2Tell us who you want to cover
After providing your name and number, the next step would be to give us some basic information about the family members you want to insure. This will include the number of adults (above 18 years of age) and children, along with their gender and age.3Get a quote & modify coverage
Based on the details you provide, our health insurance calculator will put together a quote for your family health insurance policy. You can also modify this quote by increasing the sum insured & choosing the add-ons you want.4Make the purchase
Once you are satisfied with the cover, you can continue to the final step which is purchasing the plan. Here you would have to provide your nominee details, emergency details and complete your KYC. After this, just make the payment and the policy is yours!
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