2-in-1 Health Saving Plan- Health Bhi Aur Saving Bhi

Are you covered under health insurance plan? Great! But when was the last time you got hospitalized and used the benefits of the plan. It is a good thing if you didn’t have to use your health insurance. But, does the insurance company call you up at the end of the policy term and say, “Hey, as you didn’t use your insurance, so we are going to return some of your money back.”

Read More

Get ₹5 Lac Health Insurance starts @ ₹200/month*
Tax Benefitup to Rs.75,000
Save up to 12.5%* on 2 Year Payment Plans
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Get insured from the comfort of your home No medicals required
I am a

My name is

My number is

By clicking on ‘View Plans’ you, agreed to our Privacy Policy and Terms of use
Close
Back
I am a

My name is

My number is

Select Age

City Living in

    Popular Cities

    Do you have an existing illness or medical history?

    This helps us find plans that cover your condition and avoid claim rejection

    Get updates on WhatsApp

    What is your existing illness?

    Select all that apply

    When did you recover from Covid-19?

    Some plans are available only after a certain time

    “Of course they don’t.”

    That’s where health savings plans differ from traditional health insurance products.

     

    What is a Health Savings Plan?

    Health savings plan (HSA) offers you health insurance cover as well as premium savings to pay for your future medical expenses. This savings plan acts as an alternative to a traditional Insurance health plan. HSA helps you pay for covered expenses now and save for medical expenses you may have in the future, especially in your retirement years.

    Features of Health Savings Plan

    • Health coverage within your means: Use your health savings account to cover 100% of the cost of routine medical expenses like lab tests, office visits, and over-the-counter drugs (with a prescription only). 
    • Tax Savings: You can save tax-deductible money under a health savings plan.
    • Portability: It is your own account, so even if you change jobs, your health savings account funds go with you.
    • Earned Interest: The interest you will get on the saved amount is also tax-free.

    The table below points a few differences between a health insurance plan and health saving plan:                                                             

     

    Health Insurance Plan

    Health Savings Plan

    Benefits

    The whole sum goes for the insurance cover. 

    30-40% of the sum goes in a savings account and the rest for the insurance cover.

    Coverage

    Full coverage

    Partial coverage

    Insurance Premiums

    Comparatively high

    Comparatively low

     

    If you are looking for a safety net in health insurance plan and don’t want to end up losing all your money, health saving plan is best suited to your profile. There is no "use it or lose it" condition, so you can build up the savings for future health events.

    Search
    Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

    Health insurance articles

    Recent Articles
    Popular Articles
    List of Diseases Covered by Bharti AXA Health Insurance Plans

    27 May 2022

    The COVID-19 pandemic gave everyone a first-hand experience of the...
    Read more
    List of Diseases Covered by Oriental Health Insurance Plans

    26 May 2022

    Health is the biggest wealth that you can earn. With so many new...
    Read more
    What is Recharge Benefit Under Star Health Insurance Plans?

    26 May 2022

    Star Health Insurance plans cover the insured against a range of...
    Read more
    List of Diseases Covered by Digit Health Insurance Plans

    26 May 2022

    The COVID-19 pandemic has reminded everybody why taking care of...
    Read more
    List of Diseases Covered by Tata AIG Health Insurance Plans

    24 May 2022

    Anyone can get ill anytime. If you are diagnosed with a disease...
    Read more
    PMJAY Scheme: Ayushman Bharat Yojana Eligibility & Registration Online
    Prime Minister Shri Narendra Modi announced the launch of (PMJAY) Ayushman Bharat Yojana in his Independence...
    Read more
    Best Health Insurance Plans in India 2022
    Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
    Read more
    Best Maternity Insurance Plans
    Maternity insurance offers comprehensive coverage for medical expenses incurred during pregnancy, including the cost...
    Read more
    10 Major Benefits of Ayushman Bharat Yojana
    Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi...
    Read more
    Best Health Insurance Plans for Senior Citizens in 2022
    Considering the increase in medical inflation in India, buying adequate health insurance for your loved ones has...
    Read more
    top
    Close
    Download the Policybazaar app
    to manage all your insurance needs.
    INSTALL