Health insurance policies are broadly divided into 2 kinds on the basis of claims, Cashless Health Insurance policy and Reimbursement Health Insurance Policy. When choosing a health insurance plan, make sure that you compare health insurance polices across different insurers. If you compare health insurance online, then it may be easier to list out the pros and cons of each plan and find the one that works for you.

1. Why Should You Get
Health Insurance?

2. Table of Contents
• What is health insurance?
• Diseases for which people get hospitalized.
• Increasing health care costs.
• How does health Insurance help?
• How to find health insurance plan suitable for
you?

3. What is Health Insurance?
Health insurance is an investment where:
• You are financially covered by the insurance company for your
medical and hospitalization costs.
• For this coverage, you need to pay a stipulated premium every
year to the insurance company.
• The company , depending on its health insurance polices gives
you an assurance, that they will pay up to a stipulated amount
for medical care costs to the insurer.
• The policy usually lasts for a year, renewal of health insurance
needs to be done post that year to remain covered.

4. What is Health Insurance?
Health insurance policies are broadly divided into 2 kinds on the
basis of claims
Cashless Health Insurance policy: When the health insured
undergoes hospitalization in a network hospital, the insurance
company settles the bills with the hospital directly minus the
deductibles or extra charges not included in the policy
Reimbursement Health Insurance Policy: When hospitalized,
the health insured, gives the deposit if any and clears of the
medical expenses. Then he/she sends the claim request to the
insurance and the insurance company reimburses the insured
accordingly.

5. Diseases for which people get
hospitalized.

6. Diseases for which people get
hospitalized.
In the above chart we can see, that world wide maximum
hospitalizations occur for
• Cardiovascular Diseases
• Respiratory diseases
• Cancer

7. Diseases for which People Get
Hospitalized
Cardiovascular disease is the top among the leading caused of
deaths in India.
• According to a study published in the International Journal of
Scientific Research, in the year 2000, a told of 29.8 million
people suffered from some sort of cardiovascular ailments.
• This is a whooping 3% of the overall population in that year. %
in urban areas according to population based cross sectional
surveys6, 7 .

8. Increasing Health Care Costs
• Medical Inflation in India at this point is at 10-14% per year.
• With such an increase, good healthcare is becoming
unaffordable for the common man in the country.
• There this inflation has not only affected urban but also rural
areas.
• In the past 10 years, the average hospitalizations costs have
almost increase 3 times.

9. Increasing Health Care Costs
CAGR is Compound Annual Growth Rate
Source: Livemint

10. Increasing Health Care Costs
Average cost of treatments and hospitalization of major, commonly
occurring diseases.

11. Increasing Health Care Costs
Increase in costs for common surgical health care
procedures.

12. How Does Health Insurance
Help?
If you are covered under a decent health care plan which suits
your requirements, then:
• You have to pay a stipulated premium every year. For instance
a basic premium for a health person is an average of 3-5
thousand.
• You get coverage for 3-5 lacks/per year for the premium
• For every unclaimed year, you can get a No Claim Bonus (NCB)
wherein usually, the premium remains constant but the Sum
Assured goes up by a considerable amount.

13. How Does Health Insurance
Help?
• You can even save taxes on your health insurance and medi-
claim premiums under section 80D of the constitution.
• Health insurance will help safeguard you from any sudden
expenses on your health care in unforeseen circumstances
such as accidents and sickness.
• With health insurance you can get quality treatment within
lakhs for a small amount of premium.

14. How to find a Suitable Health
Insurance Policy?
When choosing a health insurance plan, make sure that you
compare health insurance polices across different insurers. If
you compare health insurance online, then it may be easier to
list out the pros and cons of each plan and find the one that
works for you. When looking at insurance plans, ensure your
find a plan suitable for your:
• Age
• Location
• Disease or Ailment History
• Budget
• Coverage/Service expected

15. How to find a Suitable Health
Insurance Policy?
With Turtlemint you can:
• Compare online health insurance plans from over 20 insurers
in India
• Get a unique match score with a policy which depending on
your age, medical history and add on requirements like
maternity cover, family floater plan or senior citizen cover for
parents.
• Get cashless treatment at a hospital near you.
• Advice from health insurance experts and complete support in
claim processing.

16. ….. Presented by
Turtlemint.
Visit us at www.turltemint.com/health-insurance
Contact us at: 1800-266-0101