Health insurance is an insurance product that provides cover for medical and surgical expenses of an insured person, in case of a medical emergency. However, you are required to pay a premium to avail health insurance policy.

You should purchase health insurance so that you don’t lose your lifelong savings while paying for medical bills in a critical situation

Your health insurance will either pay your hospital bills directly if opted for the cashless facility or it will reimburse any payment made by you towards medical expenses incurred due to an illness or injury.

While the eligibility age for health insurance policies differs, the general eligibility age for adults ranges between 18 years up to 65 years. The eligibility age for children lies between 90 days up to 18 years

Yes! You can gain coverage for self, spouse, children, dependent parents, and multiple other relationships such as parents-in-law, siblings, and others if your plan allows.

You can buy Individual Health Insurance Plan, Family Floater Health Insurance Plan, Senior Citizen Health Insurance Plan, Critical Illness Insurance Plan, Maternity Health Insurance Plan, Group Health Insurance Plan, Personal Accident Insurance Plan.

In general, the health insurance premium is paid on a yearly basis. But, you can pay your premium in installments (monthly, quarterly or half-yearly basis) as well.

Health insurance benefits differ from policy to policy. However, basic health insurance benefits include cover for an inpatient hospitalization, pre & post hospitalization, daycare procedures, emergency ambulance expenses, organ donor expenses, domiciliary hospitalization, OPD expenses, and more.

You can buy Individual Health Insurance Plan, Family Floater Health Insurance Plan, Senior Citizen Health Insurance Plan, Critical Illness Insurance Plan, Maternity Health Insurance Plan, Group Health Insurance Plan, Personal Accident Insurance Plan.

In general, the health insurance premium is paid on a yearly basis. But, you can pay your premium in installments (monthly, quarterly or half-yearly basis) as well.

Health insurance benefits differ from policy to policy. However, basic health insurance benefits include cover for an inpatient hospitalization, pre & post hospitalization, daycare procedures, emergency ambulance expenses, organ donor expenses, domiciliary hospitalization, OPD expenses, and more.

Critical illness policies provide coverage for life-threatening illnesses such as Cancer, Stroke, Heart Attack, Kidney Failure, and others. If buying a critical illness plan, you can expect wide cover for critical illnesses (number of illnesses covered depends on plan), lump-sum amount payment on diagnosis, tax benefits, and more.

Yes! Buying health insurance will earn you the eligibility to claim tax benefits under Section 80D of the Income Tax Act, 1961.

If you already have an insurance policy but want to extend your cover, you can do so at the time of policy renewal.

If you have already been diagnosed with a medical condition, it will be considered a pre-existing disease. In this case, you may have to wait for a specific period (waiting period) until allowed coverage. Based on your insurer, you may be required to pay a higher premium or face policy denial.

If you want to buy health insurance, you need to submit the documents like aadhaar card, voter ID, driving license, and pre-medical check-up report (in some cases). The documents are required for age proof, identity proof, address proof, and medical check-up

If willing to cancel your health insurance policy after its purchase, you can do so within 15 days of receiving the policy documents. You will receive a refund only if you did not make any claims in the policy during that year

Yes, buying health insurance in the early years of life comes with many benefits. Upon doing so, you may gain a lower premium amount, no waiting period, better options, accumulate bonus, lower rejection rates, and others.

Before making a health insurance policy purchase, it is advisable for you to consider your medical needs, the type of plan you want to invest in, features of the plan, sum insured options, network hospital list, exclusions, premium, and customer reviews.

No, there is no limit to the number of claims in a year. However, it should be ensured from your end that your policy sum insured amount does not get exceeded.

You will have to wait for a period of 30 days (waiting period) before your policy starts covering you. If you have a health insurance policy for accident cover, there will be no waiting period. Furthermore, in the case of a pre-existing disease or specific diseases, you will have to serve the waiting period (depending on the plan) before enjoying the coverage.

In case of missed health insurance renewal due date, your insurance company will give you a grace period of 15-30 days. If you again miss making the premium payment during the grace period, you may be denied coverage, denied policy renewal, lose out on no claim bonus, or asked to serve with waiting periods from the start.

In case of missed health insurance renewal due date, your insurance company will give you a grace period of 15-30 days. If you again miss making the premium payment during the grace period, you may be denied coverage, denied policy renewal, lose out on no claim bonus, or asked to serve with waiting periods from the start.

Usually, health insurance companies do not cover maternity and related expenses. But a few including Apollo Munich (now HDFC Ergo Health), Max Bupa have some particular plans which offer maternity cover after specified waiting periods. The waiting periods generally vary from 2-4 years.

Some health insurance companies offer a renewal discount of 5% of the renewal premium if there are no claims made during the policy year. It can be accumulated upto 50%. Under some health insurance plans like National Varistha, the insured can either avail cumulative bonus or renewal discount.

Cumulative bonus is an increase in the sum insured by a specific percentage for every year a claim is not made, up to a certain limit. It is offered by insurers on indemnity based health insurance plans and only when the policy is renewed without a break.

All the hospitalization expenses incurred by the donor in organ donation except the cost of the organ during an organ transplant are included under donor expenses.

The pre-existing disease is an ailment, injury, or disease that the insured individual is already affected by when purchasing a health insurance policy. Conditions like depression, anxiety, sleep apnea, diabetes, etc. are considered as pre-existing diseases in health insurance.

Yes

Companies ,organizations,banks, associations trusts can buy GMC for their employees, account holders,credit card holders etc. There should be employer-employee or an informal group.

20 persons which can include family members

A group health plan is an employee welfare benefit plan established or maintained by an employer or by an employee organization (such as a union), or both, that provides medical care for participants or their dependents directly or through insurance, reimbursement, or otherwise.

Usually, the premium is paid by the employer, as a welfare measure for its employees. Low-Cost Affair: To avail the benefits of a group health insurance policy, one just has to be an employee/member of the organization

The minimum number of employees or members of the group should be 20 to be eligible to buy a group insurance policy. However, you can include dependent family members of the employees to achieve the minimum number of persons of 20.

The main purpose of issuing group health insurance plan is to retain their employees in the office and also it helps for company growth and development. Generally, most of the companies issued group health insurance plan to establish and provide protection to the employees sustained in the business organization.

In most states, small-group health insurance is medical insurance purchased by businesses with 50 or fewer full-time equivalent employees, to provide health coverage for the employees and their families.

Small group premiums are set by the insurance company, and once set, premiums are non-negotiable and can't be discounted. By contrast, premiums for large group health plans are negotiated between the employer, the employer's broker or benefit consultant, and the insurance company.

Group health insurance is a type of medical insurance that covers your employees as well as their families against unforeseen healthcare expenses. ... As compared to an individual health insurance plan, the premium of a Group Mediclaim Policy is much lower and more affordable.

Group health insurance is a type of medical insurance that covers your employees as well as their families against unforeseen healthcare expenses. ... As compared to an individual health insurance plan, the premium of a Group Mediclaim Policy is much lower and more affordable.

All the employees who are more than 18 years old and below 70 years and are employed with a company are eligible to get cover for Group Health Insurance policy.

A group insurance scheme helps employees work harder, perform better, and be more productive. Policyholders can utilize provisions in the Income Tax Act of 1961 to avail of tax exemptions and deductions on the premiums paid for group life insurance plans and other group insurance plans.

Usually, the premium is paid by the employer, as a welfare measure for its employees. Low-Cost Affair: To avail the benefits of a group health insurance policy, one just has to be an employee/member of the organization.