Health Insurance

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Health Insurance

Health insurance is a form of insurance that caters to the medical costs incurred by the insured individual as a result of illness or accidents. In return for a premium payment, this type of insurance allows the insurance company to extend coverage for various medical expenses such as hospitalization, day care procedures, critical illnesses, and more. Additionally, health plans come with various advantages, including provisions for cashless hospitalization and complimentary medical check-ups.

What is Health Insurance?

Health insurance functions as an agreement between the policyholder and the insurer, wherein the health insurance company furnishes financial coverage to the insured individual, up to the specified sum insured limit. This coverage encompasses medical expenses arising from emergency or scheduled hospitalizations. Furthermore, it presents an opportunity for tax savings on the premium payments made to the insurance company, as per Section 80D of the Income Tax Act, 1961

Health Insurance at a Glance

Categories Specifications
Sum Insured ₹50,000 to up to ₹6 crore
Maternity Cover Available
Pre & Post-hospitalization Expenses Covered
OPD Cover Available
ICU Charges Covered
Free Health Check-ups Available
Pre-existing Diseases Covered*
Ambulance Cover Available
Day Care Procedures Covered
Tax Benefits Up to ₹75,000 per financial year

*Coverage for pre-existing diseases becomes effective after the waiting period has concluded.

Benefits of Buying Health Insurance Plans Online

Purchasing a health insurance policy online offers numerous advantages. Here’s a closer look at them:

  1. Easier Plan Comparison: Online platforms, such as Policybazaar.com, make it simple to compare various health insurance plans from different insurers, facilitating an informed decision-making process.
  2. Enhanced Convenience: Buying health insurance online eliminates the need to visit insurance company branches or schedule appointments with agents, providing a more convenient and streamlined experience.
  3. Online Discounts: Opting for online purchase often comes with discounts on premiums, as insurance companies can reduce operational costs associated with offline channels.
  4. Lower Premiums: Health insurance plans available online typically feature lower premiums, as insurers save significantly on operational expenses.
  5. Minimal Paperwork: The online health insurance buying process requires minimal to zero paperwork, offering a hassle-free and efficient way to secure coverage.
  6. 24×7 Policy Access: Health insurance policies can be purchased online at any time, including holidays, providing round-the-clock accessibility—a convenience not available with offline methods.
  7. Digital Payment Options: Online health insurance transactions enable secure digital payment methods, eliminating the need for cash payments.
  8. Instant Policy Issuance: Upon online purchase, health insurance policies are issued instantly, contrasting with offline processes that may take longer.
  9. Time-Saving: The online purchasing process is swift, saving considerable time as policies are issued within minutes of completion

Top Reasons to Buy a Health Insurance Plan

The continuous rise in medical inflation has made healthcare treatments increasingly expensive. Hospitalization due to critical illnesses or lifestyle diseases can potentially deplete one’s savings. Purchasing a health insurance policy becomes crucial, and here are some compelling reasons to consider:

  1. Combatting Medical Inflation: Health insurance provides a financial safety net, helping cover current and future medical expenses, including pre and post-hospitalization costs, in the face of escalating medical inflation.
  2. Access to Quality Medical Treatment: With a health insurance policy, individuals can afford high-quality medical treatment and care, allowing them to concentrate on recovery without financial constraints.
  3. Addressing Lifestyle Diseases: Health insurance supports the long-term treatment of lifestyle diseases like cancer and heart attacks, offering financial assistance to cope with the increasing incidence of such conditions due to changing lifestyles.
  4. Safeguarding Savings: By covering medical expenses, health insurance safeguards hard-earned savings, ensuring that individuals can access necessary treatment without compromising their financial well-being.
  5. Cashless Hospitalization Facility: Health insurance policies often provide a cashless hospitalization facility, allowing policyholders to avail themselves of treatment at network hospitals without immediate out-of-pocket expenses.
  6. Tax Benefits: Health insurance premiums qualify for tax benefits under section 80D of the Income Tax Act, offering a valuable avenue for tax savings and improved financial planning.
  7. Peace of Mind: The assurance of financial coverage provided by health insurance allows individuals to undergo medical treatment with peace of mind, alleviating concerns about hefty hospital bills.

Key Benefits of Health Insurance Plans in India

Health insurance plans in India come with a range of benefits designed to provide comprehensive coverage to the insured. The key advantages of purchasing a health insurance plan include:

  1. Hospitalization Expenses: Health insurance covers medical expenses incurred during hospitalization for more than 24 hours. This includes room rent, doctor’s fees, medication costs, and diagnostic test fees.
  2. Pre & Post Hospitalization Expenses: Coverage extends to medical expenses before hospitalization and follow-up treatment costs after discharge, up to a specified number of days as outlined in the policy.
  3. ICU Charges: Health insurance plans include coverage for the costs associated with receiving treatment in an Intensive Care Unit (ICU) during hospitalization.
  4. Ambulance Cost: The cost of ambulance services used to reach the nearest hospital during a medical emergency is covered under health insurance.
  5. Cashless Treatments: Cashless treatment facilities are available at network hospitals, ensuring that hospital bills are settled directly by the insurer under cashless claims.
  6. Day Care Procedures: Health insurance covers the expenses of day care treatments that necessitate hospitalization for less than 24 hours.
  7. Pre-existing Diseases: After completing the waiting period, health insurance plans provide coverage for pre-existing diseases, typically after 2 to 4 years.
  8. AYUSH Treatment: Coverage extends to medical treatments under AYUSH (Ayurveda, Unani, Homeopathy, Siddha, and Yoga) systems of medicine.
  9. Medical Check-ups: Many health insurance companies offer free preventive health check-ups at regular intervals, as specified in the policy terms and conditions.

For individuals seeking the best health insurance plans in India, Policybazaar offers assistance in comparing plans from top insurance companies, facilitating an informed decision based on individual health requirements.

Here is a rephrased version and a table of the Health Insurance Plans:

Health Insurance Plans

Plan Sum Insured (Rs) Network Hospitals Key Benefits
Aditya Birla Activ Assure Diamond Plan Min – 2 lakh Max – 2 crore Pre-post hospitalization cover, In-patient hospitalization cover, Annual health check-ups, AYUSH in-patient cover, Domestic/international emergency assistance services
Bajaj Allianz Health Guard Policy Min – 1.5 lakh Max – 1 crore Preventive health check-ups, Pre-post hospitalization cover, Maternity expenses, In-patient hospitalization cover, Convalescence benefit
Care Health Insurance Plan Min – 3 lakh Max – 75 lakh In-patient care expenses, Annual preventive health check-ups, Maternity cover, Pre-post hospitalization cover, Global treatment cover
Cholamandalam Flexi Health Supreme Plan Min – 5 lakh Max – 5 crore Emergency ambulance expenses, Maternity expenses, In-patient hospitalization expenses, Consumables cover, Global hospitalization cover
Digit Health Insurance Plan Min – 2 lakh Max – 3 crore Hospitalization cover, Maternity cover, Complimentary health check-ups, Psychiatric illness cover, Worldwide cover
Future Generali Health Total Policy Min – 3 lakh Max – 1 crore Maternity benefit, Hospitalization expenses, OPD medical expenses, Road ambulance charges, Medical treatment abroad cover
IFFCO Tokio Individual Health Protector Plan Min – 50,000 Max – 20 lakh Hospitalization expenses, AYUSH hospitalization cover, Domiciliary hospitalization cover, Critical illness cover, Emergency assistance services
Kotak Mahindra Health Premier Policy Min – 25 lakh Max – 2 crore In-patient treatment cover, Annual health check-ups, Maternity cover, Home nursing benefit, Convalescence benefit
Liberty HealthPrime Connect Policy Min – 10 lakh Max – 1 crore Hospital daily cash allowance, In-patient treatment expenses, Maternity & child care cover, Obesity treatment cover, Infertility treatment cover
Magma HDI OneHealth Insurance Plan Min – 2 lakh Max – 1 crore OPD cover, Hospitalization expenses, Annual health check-ups, Maternity expenses, Psychiatric treatment cover
ManipalCigna ProHealth Insurance Policy Min – 2.5 lakh Max – 1 crore Hospitalization expenses, AYUSH in-patient hospitalization cover, Maternity expenses, Medical check-ups, Worldwide emergency cover
National Mediclaim Policy (Individual) Min – 1 lakh Max – 10 lakh In-patient hospitalization expenses, Ambulance charges, Modern treatment expenses, Mental illness cover, Hazardous sports cover
New India Assurance Mediclaim Policy Min – 1 lakh Max – 15 lakh In-patient hospitalization cover, Mental illness cover, Day 1 baby cover, Hospital cash allowance, Treatment for congenital diseases cover
Niva Bupa (Formerly Max Bupa) ReAssure 2.0 Plan Min – 5 lakh Max – 1 crore Day care treatment cover, In-patient care expenses, ReAssure+ benefit, Annual health check-ups, Booster+ benefit
Oriental Happy Family Floater Policy Min – 1 lakh Max – 50 lakh OPD benefit, Hospitalization expenses, Mental illness cover, Maternity benefit, Teleconsultation cover
Raheja Health QuBE Insurance Policy Min – 1 lakh Max – 50 lakh In-patient hospitalization cover, Domiciliary hospitalization cover, Organ donor benefit, Medical check-ups, Non-medical expenses
Reliance Health Infinity Insurance Policy Min – 3 lakh Max – 5 crore Emergency ambulance, In-patient care expenses, Transportation benefit, AYUSH benefit, Day care procedures
Royal Sundaram Lifeline Insurance Plan Min – 2 lakh Max – 1.5 crore OPD treatment cover expenses, Emergency domestic evacuation cover, In-patient hospitalization expenses, Health check-up benefit, Worldwide emergency hospitalization cover
SBI Arogya Supreme Policy Min – 1 lakh Max – 5 crore Hospitalization expenses, Annual health check-ups, Mental illness/psychiatric illness cover, Bariatric surgery cover, Domestic emergency assistance services
Star Comprehensive Insurance Policy Min – 5 lakh Max – 1 crore OPD consultation cover

What is Covered in a Health Insurance Plan?

Most health insurance providers in India extend coverage for various medical expenses under their health insurance policies:

  1. In-patient Hospitalization Expenses: These include hospitalization expenses for the treatment of illnesses or injuries, provided the hospital stay is for more than 24 hours.
  2. Pre-existing Illnesses or Diseases: After the waiting period is completed, policyholders can file claims for expenses related to the treatment of pre-existing illnesses or conditions.
  3. Pre and Post Hospitalization Expenses: Medical expenses incurred on tests, X-rays, and other check-ups before hospitalization, as well as the cost of medicines and preventive health check-ups after discharge, are covered.
  4. Ambulance Charges: Many health insurance plans cover emergency ambulance charges, although the coverage amount may vary among insurers.
  5. Maternity Cover: Expenses related to pregnancy, delivery, and newborn baby care are covered under maternity benefits.
  6. Preventive Health Check-ups: Some health insurance plans provide regular health check-up facilities to policyholders.
  7. Day-care Procedures: Procedures that don’t require hospitalization for more than 24 hours, such as eye surgery or dialysis, are covered.
  8. Home Treatment Cover: Expenses for medical treatment at home, based on a medical practitioner’s advice, are included.
  9. AYUSH Benefit: Coverage for medical costs incurred on Ayurveda, Unani, Siddha, or Homeopathy treatments up to a specified limit is provided.
  10. Mental Healthcare Cover: Health plans cover mental illnesses as per the Mental Healthcare Act, 2017, including conditions like acute depression, bipolar affective disorder, and schizophrenia.

What is Not Covered:

  1. Initial Waiting Period: Claims within the first 30 days of purchasing a health insurance plan, unless for accidental emergencies, are typically not covered.
  2. Pre-existing Diseases: Coverage for pre-existing conditions is subject to a waiting period of 2 to 4 years.
  3. Critical Illnesses: There is usually a 90-day waiting period for coverage of critical illnesses.
  4. Injuries from War/Terrorism/Nuclear Activity: Injuries resulting from war, terrorism, or nuclear activities are excluded.
  5. Self-inflicted Injuries or Suicide Attempts: Expenses related to self-inflicted injuries or suicide attempts are not covered.
  6. Terminal Illnesses and AIDS: Coverage for terminal illnesses, AIDS, and similar conditions may be excluded.
  7. Cosmetic/Plastic Surgery: Expenses for cosmetic or plastic surgery, hormone replacement surgery, etc., may not be covered.
  8. Dental or Eye Surgery: Dental or eye surgery expenses may be excluded.
  9. Bed Rest/Hospitalization and Rehabilitation: Expenses related to bed rest, hospitalization, and rehabilitation for common illnesses may not be covered.
  10. Adventure Sports Injuries: Claims arising from injuries during adventure sports are typically not covered.

Key Factors to Consider before Buying a Health Insurance Plan

It is crucial to carefully consider several factors when making a decision to purchase a health insurance plan:

  • Scope of Coverage: Examine the policy coverage and the sum insured to determine the range of illnesses and surgeries that can be claimed during the policy term. Pay close attention to benefits such as hospitalization expenses, daily cash benefits, COVID hospitalization cover, critical illness cover, maternity cover, etc., when selecting a health plan.
  • Adequate Sum Insured: The sum insured is a pivotal factor in choosing a medical insurance policy. Given ongoing inflation, it is advisable to opt for a health insurance plan with a minimum sum insured of Rs 10 lakh, which can go up to Rs 1 crore. For family floater or senior citizen insurance, a higher sum insured provides better coverage.
  • Policy Type: Different types of medical insurance policies are available in India. Choose individual health insurance, senior citizen health insurance, family floater, or critical illness plans based on your needs. Additionally, consider purchasing Top-up and Super Top-up health insurance to enhance coverage, especially if the base sum insured is exhausted during treatment.
  • Waiting Period Clause: Health insurance policies become effective after the initial waiting period. Claims filed during this period, except for accidental hospitalization claims, may be rejected. Be aware of the waiting period clause, which also applies to pre-existing diseases and certain illnesses or treatments. Opt for a plan with a minimal waiting period.
  • Co-payment Clause: Some health insurance policies have a co-payment clause, requiring the insured to bear a percentage of the claim amount. While this can reduce the premium, it increases out-of-pocket expenses. Choose this clause only if you can manage the financial burden of paying a portion of hospitalization bills.
  • Room Rent Sub-limits: Policies may have sub-limits, such as room rent sub-limits. For instance, a plan with a sum insured of Rs 3 lakh and a room rent sub-limit of 1% would cover room costs up to Rs 3,000 per day. Additional room rent beyond this limit must be paid out of pocket. Opt for a health plan with minimal or no sub-limits.
  • Network of Cashless Hospitals: Check the list of network hospitals where cashless claims can be filed. A higher number of network hospitals in your vicinity increases the likelihood of availing cashless hospitalization benefits.
  • Lifelong Renewability Option: Ensure the health insurance plan offers a lifetime renewal option. This is advantageous for continued coverage, requiring the insured to pay the premium at the time of renewal each year.
  • Premium Loading Factor: Be aware of premium loading, an additional amount charged to high-risk policyholders, especially in senior citizen health insurance plans. Opting for a plan with no loading can prevent paying extra premiums. Some insurers may also charge claim loading, potentially increasing out-of-pocket expenses during a claim.
  • Claim Settlement Ratio: Assess the credibility of an insurer by checking the claim settlement ratio, which indicates the percentage of claims settled. A claim settlement ratio above 80% is considered favorable.

Health Insurance Riders

Riders in health insurance are additional coverages that enhance your health policy, providing extra benefits for a more comprehensive coverage. The cost of health insurance riders is influenced by factors such as age, sum insured, and the type of coverage. Here are the five most common riders to consider adding to your health insurance policy:

  1. Maternity Cover Rider: This rider covers maternity expenses, including childbirth, pre and post-natal expenses, etc. Some insurers may extend coverage for newborn baby expenses until the end of the policy tenure. However, there is a waiting period, typically ranging from 2 to 6 years, depending on the health insurer.
  2. Critical Illness Rider: The critical illness rider ensures coverage for critical illnesses, such as heart attack, cancer, etc., first diagnosed during the policy tenure. It provides a lump sum benefit amount, regardless of the actual medical expenses incurred during treatment. This rider has a waiting period of 90 days and a survival period of 30 days, covering approximately 10 to 40 critical diseases, depending on the insurer.
  3. Personal Accident Rider: This rider provides compensation in case an accidental injury results in disability or death. In the event of permanent total disability, the entire sum insured is paid, while partial disability results in a partial payout. Also known as the double indemnity rider, it offers an additional death benefit to the family in case of accidental death.
  4. Hospital Cash Rider: The hospital cash rider offers a fixed daily cash allowance during hospitalization to cover incidental expenses resulting from injury or illness. In case of ICU admission, the coverage amount is doubled for a specific number of days. Activation of this rider requires a minimum hospitalization period of 24 hours, and the daily cash amount may vary based on policy terms and chosen coverage.
  5. Room Rent Waiver: This rider ensures coverage for the rent of the hospital room of your choice during hospitalization. It eliminates any cap on room rent, allowing you to select a room with higher sub-limits or no sub-limits without additional expenses from your pocket.

Does Your Health Insurance Policy Cover Coronavirus (COVID-19) Treatment?

Certainly, your existing health insurance policy does cover the expenses related to COVID-19 treatment. Many health insurers have introduced specific health insurance plans tailored for coronavirus coverage. Additionally, following the guidelines of the Insurance Regulatory and Development Authority of India (IRDAI), two specialized standard health insurance products, namely Corona Kavach policy and Corona Rakshak policy, have been launched. Let’s explore these COVID insurance products and understand how they differ from basic health plans.

Corona Kavach Policy:

  • This is an indemnity-based health insurance plan designed to cover COVID hospitalization expenses, home treatment, and AYUSH treatment costs.
  • It includes coverage for the cost of essential items like masks, gloves, ventilators, oxygen cylinders, and personal protective equipment (PPE) kits.

Corona Rakshak Policy:

  • Corona Rakshak policy is a benefit-based product that offers a lump sum payment for hospitalization expenses upon the diagnosis of coronavirus during the policy term.
  • The minimum policy term for Corona Rakshak policy is 3.5 months, and the maximum is 9.5 months.

Eligibility Criteria to Buy a Health Insurance Plan:

The eligibility criteria for purchasing a health insurance plan depend on various factors, including the age of the policyholder and pre-existing diseases. Generally, the following eligibility criteria should be met when considering most health insurance plans:

  • Age: There may be minimum and maximum age limits for policyholders.
  • Pre-existing Conditions: The insurer may assess pre-existing medical conditions of the individual.

It’s important to review the specific eligibility criteria outlined by the insurance provider and choose a plan that aligns with your health needs and circumstances.

Criteria Specifications
Age Criteria for Adults Entry age for Adults: 18 to 65 years
Age Criteria for Dependent Children Entry age for Children: 90 days to 25 years
Pre-medical Screening Above the age of 45/55/60 years
Pre-existing Disease waiting period 2 years to 4 years

Age Criteria: The entry age criteria for health insurance plans can vary for adults and children. Typically, it ranges from 18 to 65 years for adults and from 90 days to 25 years for children. The actual age limits may differ from one medical insurance policy to another.

Pre-medical Screening: Pre-medical examinations are generally required for applicants, particularly those above the age of 45 years or 55 years. Senior citizen health plans often necessitate pre-medical tests before policy issuance.

Pre-existing Diseases: Coverage for pre-existing illnesses is provided after the completion of the waiting period, usually spanning 2 to 4 years. During the application process, health insurers inquire about any existing medical conditions, such as blood pressure, diabetes, cardiovascular diseases, kidney problems, etc. It’s crucial for applicants to disclose any such conditions, and this information influences the insurance company’s decision to offer medical coverage.

It’s essential not to keep any medical conditions a secret, as this could lead to problems during the claim settlement process and may even result in claim rejection. Full disclosure, including whether the applicant is a smoker or consumes alcohol, is important for the insurance company to make informed decisions about offering medical coverage.

Why Compare Health Insurance Plans Online?

Reviewing Claim Settlement Ratios provides an overall understanding of an insurer’s reputation, aiding users in making informed decisions.

Some Myths about Health Insurance:

1. I am Healthy, and I Don’t Need Medical Insurance:

  • Unforeseen circumstances like accidents or seasonal illnesses can affect anyone. Despite good health, hospitalization expenses are significant. Health insurance provides financial assistance for such unexpected costs.

2. My Health Insurance will Cover all Medical Expenses:

  • All health insurance plans have exclusions and limitations. It’s crucial to check policy details for coverage specifics and limits. Insurers only compensate for covered expenses up to the sum insured.

3. Declaration of Pre-existing Diseases:

  • Clear disclosure of pre-existing diseases in the proposal form is essential. Inadequate information can lead to claim rejection and additional costs.

4. Smokers are not Eligible to Buy a Health Insurance Plan:

  • While smokers and alcohol consumers may face higher premiums and stringent pre-medical examinations, health insurance coverage is still available. Honest disclosure is key to obtaining coverage.

5. Medical Insurance will only Cover Hospitalization Expenses:

  • While most plans cover hospitalization expenses, some also include daycare procedures. It’s crucial to understand the coverage details of the chosen policy.

6. I am Covered Under a Group or Corporate Health Insurance Plan:

  • Group health insurance plans may have limitations, such as insufficient coverage for family members. Reliance solely on employer-provided plans may lead to gaps in coverage.

How to Calculate Health Insurance Premium:

The health insurance premium is calculated based on factors like medical history, age, gender, policy term, type of plan, no-claim discount, and lifestyle. A health insurance premium calculator aids in estimating the premium based on the provided information.

Factors Affecting Health Insurance Premium:

  1. Medical History:
    • Pre-existing conditions, lifestyle-related health risks, and family medical history influence the premium. Smokers may face higher premiums.
  2. Gender and Age:
    • Age is a significant factor, with premiums increasing for elderly individuals. Women may have lower premiums due to lower risks of certain illnesses.
  3. Policy Term:
    • Longer policy terms may have higher premiums, but insurers often offer discounts on long-term plans.
  4. Type of Health Insurance Plan:
    • Higher coverage leads to higher premiums. Comparing plans using an online calculator helps choose the most suitable option.
  5. No-Claim-Discount (NCB):
    • Claim-free years result in NCB discounts ranging from 5 to 50 percent on the premium.
  6. Lifestyle:
    • Regular drinking or smoking may lead to higher premiums or, in some cases, rejection of the insurance request. Honest disclosure is essential.

How to File a Health Insurance Claim?

Health insurance plans come with additional benefits of cashless treatment and expense reimbursement by the insurer. One can file a claim for expenses incurred as per the sum insured limit of the health insurance policy. Following are the two types of claim processes:

1. Health Reimbursement Claims

For the treatments availed in the non-network hospitals, the policyholder can file a claim for reimbursement of the treatment charges. Once the treatment is completed, the insured needs to settle the bill, collect all the documents, and then file a claim with the Insurer or the TPA for reimbursement.

2. Cashless Claims

If the treatment is availed in a network hospital or cashless hospital, then the policyholder will be eligible to avail cashless treatment services. Once the treatment is completed the insurance company settles the bill directly with the hospital.

For both cashless and reimbursement claims the procedure for planned and emergency hospitalization may vary as given below:

In Case of Planned Hospitalization

      • In case of planned hospitalization, you need to inform the insurer at least 48-hours before the treatment.
      • Once you get the approval from the TPA, you can then file for reimbursement and cashless claims on submission of the claim form
      • Also, submit other related documents like medical bills, reports, discharge summary, etc.
      • Once the approval is provided, the claim amount is paid to you by the insurer in case of reimbursement claims.
      • In the case of cashless claims, the hospital bill is directly settled by the insurer

In Case of Emergency Hospitalization

    • In case of emergency hospitalization, you need to inform the insurer within 24hours of getting hospitalized.
    • Showcase your health card at the hospital
    • Submit the pre-authorization form to get TPA approval for emergency hospitalization for cashless claims
    • If approved, the insurer will settle the claim amount directly with the network hospital
    • If you fail to get TPA approval, you would need to file for reimbursement later.
    • Submit all the required documents like hospital bills, discharge bills, etc.,

The claim amount will be paid to you.

Documents Required for Health Insurance Claim Reimbursement

In the event of a hospitalization, the policyholder needs to submit certain documents as mentioned below:

      • Discharge card issued by the hospital/network hospital
      • In-patient hospitalization bills signed by insured for authenticity
      • Doctors’ prescriptions and medical store bills
      • Claim-form with insured’s signature on it
      • Valid investigation report
      • Consumables and disposables prescribed by the doctors with complete details
      • Bills of doctors’ consultation
      • Copies of the Insurance policy from the previous year and the current year/copy of ID Card of TPA

Any other document(s) asked by the TPA

How to Buy the Best Health Insurance Plans Online:

Buying health insurance can be simplified through platforms like Policybazaar.com. Here’s a guide on purchasing health insurance online:

1. Visit Policybazaar:

  • Go to the Policybazaar website.

2. Choose Gender and Enter Details:

  • Select gender and enter your full name.

3. Enter Contact Information:

  • Provide a correct phone number and select your age.

4. Mention Location Details:

  • Enter your city of residence and the pin code.

5. Medication Information:

  • Indicate if you are currently taking any medications.

6. Explore Plans:

  • Select “Get Free Advice” for suggestions or explore different health insurance plans.

7. Compare Plans:

  • Compare various health insurance plans displayed on Policybazaar.com.

8. Choose a Plan:

  • Select the best health insurance plan that suits your needs.

9. Payment:

  • Pay the premium online or contact customer care for assistance.

10. Informed Decision:

  • Make an informed decision based on your preferences.

11. Premium Payment:

  • Once satisfied, pay the premium online.

12. Policy Issuance:

  • The policy details will be emailed to your registered email address.

Documents Required for Health Insurance:

  • Ensure you have the following KYC documents:
    • Aadhaar Card
    • Driving License
    • Passport
    • Voter ID Card
    • Letter by the National Population Register with demographic details
    • Job Card NREGA signed by a state government officer
    • Any other document notified by the central government in consultation with the IRDAI

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