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Health Insurance Plans
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Health Insurance Plans

Health insurance plans in India are basic indemnity-based insurance products, which are specifically designed to provide financial assistance against medical expenses incurred in case of hospitalization or critical illnesses.

Health insurance covers medical expenses, which includes hospitalization & treatment charges along with surgeries or any other medical cost.

Benefits of Health Insurance Plans in India

Health insurance plans provide comprehensive coverage against the medical costs associated with the treatment of life-threatening ailments such as cancer and other medical emergencies. With comprehensive health insurance coverage, you can protect your finances while your medical insurance plan takes care of the high medical bills, hospitalization, and other treatment expenses. Here are a few benefits of investing in the best health insurance policy in India

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Save tax with family insurance plans

Covers entire family

Under family health insurance plans, you can cover your spouse, children, dependant parents as well as your dependant in-laws.

Affordable premiums

Family health insurance premiums are lower and affordable than individual health plans for each family member as you don't have to pay a separate premium for each family member.

High coverage

Under family health insurance, if the covered member falls ill, they can use the entire sum insured.

Flexibility to add members

Under family floater health insurance, you can easily add more dependant members to your existing family insurance plans subject to underwriting guidelines.

Tax benefits

Under Section 80D of the Income Tax Act, 1961, you can claim a tax deduction on the premium paid towards health insurance policy for self, spouse, dependant children and parents.

Cashless hospitalisation

Cashless hospitalisation Check the list of network hospitals available with the insurer. Make sure the list includes the name of a hospital that is close to your residence and is well-known.

Flexibility in sum-insured

Healthcare and medical treatment costs are steadily rising. Make sure the family medical insurance plan you choose allows you to increase the sum

High coverage

This aspect is important if you are approaching retirement or if your parents are above the age of 60. Consider the family health insurance that offers the option to renew lifelong.

Claim settlement process

Family health insurance plans come with an option of cashless claims and reimbursement claims. Make sure there are no hidden clauses in the claim settlement process and that the documentation procedures are easy and convenient.

Pick plan

Pick plan Pick plan Choose the plan that is best suited for your needs and budget.

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