Compare and Buy the Best Health Insurance Plan
There is no debating on the importance of having a medical insurance in a country like India that ranks very low on human life index. Every person must buy a good health plan that covers medical costs, hospitalization costs, treatment and laboratory test costs and even critical illness. As is rightly said, “Health is wealth”, one must be prepared to manage such a situation in life. Don’t get confused with questions like – Which policy to buy? Does this cover everything? What are the diseases excluded from this cover?
PolicyBazaar is here to resolve all such confusions. Just compare policies from top health insurers on our website and buy a best health plan. Let us know your basic requirements and we will find the best suited health insurance quotes. You can then compare them side by side on parameters like premium, riders, benefits etc and choose the best fit cover.
Key Features of Health Insurance Policy
A comprehensive health plan comes packed with features. Let us understand these features in detail so that buying a healthy policy becomes easy.
Cashless treatment – Every insurance provider will have a list of hospital under its network and if you get admitted in these hospitals then you don’t need to pay anything. Just tell your policy number and rest everything will be taken care by the hospital and the insurance provider. This type of plan is the most preferred on because there is no stress of claim reimbursement and arranging the documentation.
Pre and Post Hospitalization – This feature takes care of both pre and post hospitalization charges for a period of 30 to 60 days depending on the plan purchased.
Ambulance charges – The policy holder is free from burden of transportation or ambulance charges as it is paid by the insurer. This is a add-on benefit and you should have opted for it while purchasing.
No Claim Bonus – NCB or No Claim Bonus is a benefit provided if the insured does not claim for any treatment in the previous year. Benefit could be in any form, either an increment in the sum assured or a discount in premium. You can avail this benefit on renewal.
Medical Check- Up – Free check up is provided by few insurers provided you have a good history of no claim bonus.
Tax Benefits – According to India’s tax system if you are paying a premium amount then you are liable to get tax rebate under section 80D of Income Tax Act for a maximum value of Rs.25000 for Indians in the age group of 18 to 50 years and Rs.30000 for senior citizens.
Co-Payment – According to this feature you can lower the premium amount. Medical insurance offers co-payment option wherein there is a pre-defined amount of voluntary deductibles mentioned in the policy to be paid by the insured. So in case of a treatment, some amount is paid by the insured and rest by the insurer.