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Health insurance is a necessary thing for a secure future and to safeguard yourselves from unforeseen medical expenses. Here is a list of top health insurance companies in India – Bajaj Allianz Health Insurance Bajaj Allianz is one of the top health insurance companies in India with multiple policies to choose from, according to your preference. It provides you coverage against the charges of all your medical requirements including regular check-ups. If you meet with an accident or have some other medical emergency, you will be having health insurance to fall back on.  Niva Bupa Health Insurance Delivering excellent insurance services, Niva Bhupa is rated as one of the top health insurance companies in India. It gives 30-min cashless processing and a claim settlement directly with the company. It has a strong network of more than 7600 hospitals pan India. ICICI Lombard Health Insurance  With 273 branches, 840 virtual offices and a network of 7000+ hospitals across India, ICICI...

YES. However, when your health insurance plans prolong without renewal after the grace period, it lapses and ceases to exist. Although, you will get a chance from your policyholder for renewing your health insurance after the grace period by paying a certain amount as a penalty along with the accumulated sum of the premiums that you have failed to deliver within the stipulated duration. So, it is possible to renew your health insurance plans after the grace period.  The grace period is one of the significant added benefits of your health insurance plan. Even during the grace period, you will have full coverage of your medical insurance policy and can claim it in any unfortunate happenings. Depending on your health insurance plans and policy providers, the grace period duration differs. On average, one gets a grace period from 24 hours up to 30 days. If you fail to renew your health insurance policy within this duration, it attracts added penalties with the pending premium to be pa...

Getting a health insurance policy is a wise decision because it protects your health and bails you from a financial crisis. Many people refrain from buying a health care plan thinking that it will increase their financial burden. However, if you don't buy it, there is a risk of losing a substantial portion of your wealth during a medical emergency. The reasons that make a health care plan ideal for protecting your finances are highlighted below: Rising medical costs  The cost of medicines, room rent, X-rays, blood tests, and all other medical expenses are rising day by day. A medical insurance policy secures your finances by covering all these expenses.  It also covers ambulance charges and provides reimbursement for the pre and post-hospitalization period. All of this ensures that your finances are protected even during a serious health concern or condition.  Expensive senior citizen health care plans  If you don't get a health care policy today, you will have to pa...

With COVID19 spreading, 2021 proved to be a period that demanded individuals change their way of living. With increasing medical assistance needs, the demand for health insurance plans increased.  The health insurance plans serve as the cushion against sudden arising emergencies. Proper healthcare and access to complete medical care facilities are essential for every individual in 2021.  So, if you are planning to get a health insurance plan, then know the top reasons that might help you make the prompt decision. Reasons To Take Health Insurance Currently, the sale of health insurance plans has spiked up at an incredible pace. But if you are still looking for reasons to buy the health insurance plan in 2021, here are the top ones: For the emergency medical assistance and quick support The medical need can arise at any time, and with various diseases spreading, the demand for the same is relatively high. Health insurance plans protect the insured with its multiple features a...

Health insurance portability refers to the process where a policyholder switches his health cover from one insurance firm to another. Due to the wide range of health insurance policies available in the market, it has become common nowadays but you will need to keep these things in mind before porting your health cover plan: You must not skip or avoid paying premiums of the existing policy when you are porting your health cover policy as it will result in the rejection of your application. The waiting period gets reduced or minimized if you have already served it with your previous health cover policy.  You must convey your intention of porting to the new insurance provider at least 45 days before the policy renewal or else your application might get rejected.  The new insurance provider will process your application after verifying your documents, claim history, and other details within 15 days once you submit your application.  You can subscribe to an individual, group,...

Having a health insurance policy is not about covering healthcare costs; it brings a lot more than that. Especially, the peace of mind it offers has no comparison. Nonetheless, the importance of a healthcare plan does not end here, and one should know about them in detail to make the most of availing one. 5 Important benefits of health insurance It covers more than just hospitalization expenses Modern health insurance plans offer more than just hospitalization expenses; the focus here is to provide a comprehensive yet affordable policy. In this regard, they pack-in coverage against pre and post-hospitalization expenses, doctor’s fees, diagnostics tests, etc. Opt for a cashless facility Usually, insurance providers have affiliations with different hospitals, and if an individual decides to get admitted to that particular hospital for treatment, he/she will receive the benefits of cashless treatment. Here, patients will get their necessary treatment without worrying about lengthy paperw...

A host of health insurance plans are available in India, and choosing the right one can often get challenging. For instance, one may consider availing health insurance plans for family, instead of an individual policy, as per his/her requirements.   Nonetheless, besides choosing an appropriate policy, it is also necessary to consider a few factors to make the most of a health insurance plan.  Coverage  The coverage varies depending on the plan chosen and the eligibility of individuals. However, before selecting a health insurance plan , individuals need to consider the sum assured under it.  Note that it is wiser to choose a high-coverage insurance plan at a younger age while the premium is less. Individuals should also check the Sum Insured Restoration before purchasing one.  The hospital supports cashless treatment  Cashless treatment is one of the biggest perks of possessing a health insurance plan. However, you cannot enjoy this facility at every m...

According to a survey, the number of individuals availing health insurance policies in India increased to around 400 million in 2018. A primary reason behind this massive growth is the easy application and claim procedures coupled with numerous benefits that are offered by several insurance providers. Here is all you need to know about how do such insurance policies work in India – Application procedure Most financial institutions follow a straightforward application procedure for health insurance policies . You can visit the official website of an NBFC to fill up an online application form, or you can visit their branch for the submission. Once you have submitted an application form, representative from the respective insurance provider will contact you with further procedure. Process to claim the insurance coverage You can claim insurance coverage in two ways, either by opting for cashless hospitalisation or by opting for a reimbursement method. In case of planned hospitalisa...

Settling on an ideal health insurance policy can prove instrumental in providing the much-needed financial assistance in case of medical emergencies. As these are unavoidable situations, hence, investing in a proper health cover must be at the top of your financial planning. Aligning health needs with your financial goal is vital Pre-medical conditions like cardiovascular diseases, diabetes and respiratory diseases, among others, are on the rise from the sedentary lifestyle and polluted environment affecting health adversely. Considering the healthcare expense skyrocketing in the last couple of years, an unforeseen medical emergency or Illness can drain one’s savings. Therefore, when you plan your financial road map, a comprehensive health insurance policy from a reputed insurer can provide essential financial freedom and support your future financial goals. Acknowledging the nature of medical emergencies With a health insurance policy , the policyholder can focus on ...

Health insurance can be very useful in providing financial assistance to people. These are helpful in case of an accident, some life-threatening disease, and many other health issues. A sound financial plan should have a good health insurance policy as it is considered as a good investment. Now let us look at the role that health insurance plays in a good financial plan.     • Helps with the insurance needs The health insurance provides assistance in case of any emergency situation. The insurance decisions are taken based on the family age as well as economic situation. There are numerous insurances, and one must have a look at the requirements before investing in a good insurance plan.     • Auto insurance The auto insurance helps the person from the damages from unexpected events like accident or illness. As health insurance provides you assistance in case of these undesired events, therefore, it is a good option to have a good financi...

Your health is your greatest asset in life. However, growing pollution and increasingly stressful lifestyles have given rise to a number of grave conditions that are seriously detrimental to health. One such critical illness is cancer. There are a number of health insurance policies available for diseases and their treatment but cancer insurance policies are different and thus you need to select one after considering these three major factors:   Cancer is a general term for a number of underlying types such as ovarian cancer, lung cancer or prostate cancer to name a few. Each type of cancer is treated differently and needs a different cancer insurance policy to cover the costs of treatment or prevention. Some types of cancer may need only 5-15 lakhs for the first few months of treatment whereas severe forms might need a cover of 50 lakhs or more for the treatment. The term of the health insurance policy that you choose for your cancer treatment is extremely essential. C...

Critical illness insurance tackles the serious issues of health and covers the financial side associated with such illnesses. It covers the major types of critical ailments and ensures that your savings remain intact. What You Must Know? Critical illness insurance always makes a lump-sum payment upon the diagnosis made. If the client is diagnosed with one of the critical illnesses as per the norms of the insurer, then the company will pay the entire fee for that without any hassle at all. Also, one does not need to provide any receipt or proof of every detail of the diagnosis or the medicines to get the claim. Adding It Over Your Base Plan You may either sign up for separate critical illness insurance or you may take it as an additional service on top of your existing life insurance policy. Make sure that you read the details of the list of ailments that the plan covers. Get The Right Policy The health insurance policy for the critical illness that will...

One of the first things to remember about a health insurance top up plan is that the benefits covered by it are enough for the expected treatments or not. This is easier to gauge in case there are children or the elderly in the family. Having a top up health insurance will make room for the extra expenditures. The advantage of a top up plan is that it can extend the coverage and there is no point in paying higher premiums to avail it. It is a good idea to check if the policy offers reset benefits or not as well. So in case the insurance money is exhausted in the middle of the year, one can refill the insurance as well. One should also check the deductible limit of the top up, which is the amount the insured person would have to pay at first and the insurance company will pay the rest of the amount. The plan works only when the medical expenses cross the deductible amount limit. Before availing a health insurance top up plan, it is a good idea to review the medi...

Having a health insurance is really crucial since we can't deny that circumstances can happen anytime. There are health insurance offered by companies under different premium rates and benefits. So when you check for the health insurance top up plan , there are 5 points you need to consider- Things covered- Check what are covered in the top-up plan. Generally, compensation for in-patient hospitalization expenses including nursing and boarding charges and other things are covered. Moreover, pre-hospitalization and post-hospitalization expenses are covered. Benefits offered- Check what extra benefits are offered in these new top up plan. Some of the top up plans offer additional coverage against higher premium. Deductible limit- This is the amount a policyholder will pay along with claim submission. The top up plans come with deductible limit that can help when the medical expenses crosses certain limits. Eligibility Criteria- There are certain...

Health insurance is an inevitable need, and so you are likely to find a plethora of health insurance schemes in India. However, the only problem is, health insurance is merely a tax saving option since the Indian Income Tax laws allow a deduction of Rs 25, 000 on health insurance premiums. Even in that, people take insurance schemes with lowest premiums with low financial coverage. Though this won’t be a problem as long as the person doesn’t fall severely sick. If they do, the chances are they will exhaust their coverage and would end up paying a hefty sum from their own pocket. Now, no matter what we say or how many reasons we put forward to persuade people into buying a health insurance with higher coverage as a precaution, things are very unlikely to change. Thus, we would recommend a top up health insurance as a measure. What is a top-up health insurance? A top up health insurance plan goes above and beyond the traditional cover offered by health insurance policies....

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider.  Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before yo...

Personal accident insurance policy has a number of advantages. Accidents are like unforeseen calamities and when they happen, not only does it cause distress and trauma, but it also adds to the financial burden of the family. Accidents can result in death, or in partial or complete disability. In case one has insurance, all these contingencies are covered. The insurance company pays for the disability, or in case of death, the amount is paid to the family members. The cover takes care of the expenditure that arises with the treatment. Accident insurance is different from a health insurance. In fact, personal accident insurance cover premium are also extremely low compared to most health insurance plans. It is however, advisable to get a cover at least ten times the amount of one’s salary because in case an accident occurs, this is going to act as your source of income while one is in bed. One can get a cover of up to Rs 30 lakhs online and even higher when it is bought thro...

With the growing age, an individual utmost requires safety, security and comfort. All this is best achieved by choosing the right senior citizen health insurance policy . It is necessary to compare the needed medical services with the available health insurance scheme. With this, opting for suitable group health insurance plans is necessary to retire and live a healthy life at an older age. There are health schemes that provide the best coverage for the lifetime. This scheme is best suited for the people whose age is between 65 to 80 years.  The group health insurance plans provide coverage to the pre-existing illness, cashless facilities and claim settlement at almost every popular hospital of India. The right plan helps in quick disbursement of the claim and covers a wide range of hospitalization and medical costs. In order to provide complete coverage from the upcoming medical expenditures, it is best to pick the best health plan from Bajaj Finserv. Health schemes fro...

The recent records in terms of pollution index concerned, the country is facing great difficulty in staying healthy. Here are a few things that will help you in leading a great life: Use Indoor air purifiers for maintaining a healthy indoor environment Installing air conditioners with air purifiers and completely giving up the use of R22 refrigerant is a great move. You can get hold of a spate purifier too, to increase the quality of air within the room. Use more Indoor plants Plants and trees are a great source of Oxygen. Use indoor plants to maintain the good quality of air. Use Ginger more often The benefits of consuming Ginger is well known to all. Eat Ginger to stay fit, putting pieces of it in tea and other food dished is an excellent way to consume it daily. A clean house is great for a healthy lifestyle Make sure that you clean your house at regular intervals to stay away from any illness. Use pollution mask quite often Putting on an anti-pollution mas...

Having health insurance in place is an essential requisite, especially for those prone to face health issues every now and then. Though the importance of health insurance is quite evident, the two primary reasons to subscribe to the product are:- You and your family members (whoever is covered as per the policy) are covered against medical expenses incurred at any point in their life. This helps you save a huge chunk of money which would have been otherwise used to pay those expensive bills if you haven’t had health insurance in place. Medical insurance allows you to claim a tax rebate for the amount paid in a year as premium towards the insurance.  You Must Know - How to claim Health Insurance Plain? Tax benefits for health insurance subscribers. You can claim a tax-exemptions up to Rs. 75000 for the expenses incurred for a dependent disabled person in your family. These deductions are available under section 80D of the Indian Income Tax laws. Please check th...