WHAT IS HEALTH INSURANCE ? The term health insurance (popularly known as Medical Insurance or Mediclaim) is a type of insurance that covers your medical expenses. A health insurance policy is a contract between an insurance company and an individual. Sometimes it is associated with covering disability and custodial needs. The contract is renewable annually.
BENEFITS OF HEALTH INSURANCE…It helps securing a better future by paying a fraction as an expense today called thepremium.It reduces saving huge amount of financial losses, risk of financial breakdown in caseof expensive medical and post-illness care.It induces a sense of security to the insured.It provides financial security to the family members.It covers hospitalization and medical bills. It also covers disability and custodial bills.You can avail tax benefits on the premium paid under section 80D of the Income TaxAct.
TYPES OF HEALTH INSURANCE….HEALTH INSURANCE •Hospitalization cover and reimbursement of the medical expenses. • Covers disease or surgery. • Also called "Mediclaim" policies.CRITICAL ILLNESS INSURANCE •insures you against the risk of serious illnesses • cancer , first heart attack , organ transplant , kidney failure ,paralysis, strokes etc are covered under it.
HEALTH PLANS ARE AVAILABLE IN 2 FORMATS…. INDIVIDUAL • Individual is the owner of policy. GROUP PLANS • Sponsor is the owner of policy. Insured are the members.
FAMILY FLOATERPLAN….. for the entire family. •Health cover •A sum assured that is “common” for all the family members. •The sum assured under this family health insurance is available for any or all members of the family covered under the policy.
GROUP MEDICLAIM INSURANCE PLAN… •Covers a group of individuals. •Includes the category of Employer’s Health Insurance Cover. •Minimum a group of 500.
OTHER TYPES OF HEALTH INSURANCEPLANS…… MEDICLAIM POLICY •FAMILY FLOATER •GROUP MEDICLAIM HOSPITALIZATION CASH POLICY CRITICAL CARE PLAN
MAJOR HEALTH INSURANCE PROVIDERS ININDIA.. STAR ALLIED HEALTH INSURANCE MAX BUPA HEALTH INSURANCE BAJAJ ALIIANZ APOLLO UNITED INDIA INSURANCE ICICI LOMBARD TATA AIG ROYAL SUNDARAM CHOLAMANDALAM DBS