HEALTH INSURANCE - Policyicon

HEALTH INSURANCE

INSURE YOUR LOVED ONES HEALTH

Getting a good Health Insurance plan is the first step towards your financial goals. Accidents or illnesses happen unannounced and having an insurance takes away the financial stress from your family members. You might be covered under a Group Health Insurance Policy by your employer but that’s not enough to meet the soaring high medical costs.

WHY DO YOU NEED HEALTH INSURANCE

All Health Insurance plans offer protection against diseases, illnesses, and accidents. Here are major seven benefits of purchasing Health Insurance for you and your family:
• Protects against all unplanned or sudden medical expenses
• Claim process is quick, efficient, and hassle-free
• Bears expensive medical treatment costs on your behalf
• Cashless provision available hence no need to bore a hole to your pocket
• Top-ups available for a higher sum Insured at marginal costs.
• Whole family can be covered under one policy called “Family Floater”

FINDING THE RIGHT HEALTH INSURANCE

With so many policies available in the market, choosing the right one for you can be difficult. We at Policy Icon carry out detailed research about the health insurance plans available and compare them based on your requirements. Reading the clauses and limitations carefully will help you get the right product at the right cost.

Other than premium, here are a few important elements you need to check in your health Insurance cover:
• Sum insured
• Extent of coverage, which includes maternity, ambulance service & Alternative treatments etc
• No claim bonus in case of a claim free year
• Sub-limits for specific diseases if any
• Whether Free health check-up is covered
• Refill/Restore benefit
• Number of day care procedures covered
• Network hospitals for cashless facility
• Co-payments (especially for senior citizens)
• Restriction on room rent and treatment-specific limitations, if any
• Waiting period for names illnesses or pre-existing conditions like diabetes, hypertension, hyperlipidaemia etc.
• Exclusions from the list
• Insured’s claim settlement ratio and standing in the market (Customer reviews)

Instead of spending time and energy manually comparing the options, we recommend you use Policy Icon to compare and find the best Health Insurance policy for you.

WHAT IS COVERED?

A typical Health Insurance policy covers:

• Room rent (Normal or ICU)
• Doctor’s consultation fees
• Nursing charges, surgery charges, anaesthesia charges
• Diagnostics procedures
• OT charges
• ICU Charges
• Medicines, consumables, injections etc used in the treatment
• Pre & Post Hospitalisation expenses (30 days & 60 Days)
• Cost of equipment or devices implanted in the body during surgery

WHAT IS NOT COVERED?

• Any pre-existing condition up to the completion of the waiting period mentioned in the policy.
• Any disease or ailment restricted by waiting period under the policy like cataract, hernia, Sinusitis, joint replacement surgeries, etc.
• Eyesight / Dental / Oral / OPD Treatment unless specifically covered under the policy
• Mental disorder or insanity or weight control treatments.
• Drugs and alcohol abuse or substance abuse.
• Stem cell implantation
• Ageing and puberty;
• Hospitalization due to war or an act of war or due to a nuclear, chemical or biological weapon and radiation of any kind.
• Pregnancy till the completion of waiting period as mentioned in the policy