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

Policybazaar exclusive benefits
  • 30 minutes claim support*(In 120+ cities)
  • Relationship manager For every customer
  • 24*7 claims assistance In 30 mins. guaranteed*
  • Instant policy issuance No medical tests*

*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

Back
Find affordable plans with up to 25% Discount**
  • 1
  • 2
  • 3
  • 4

Who would you like to insure?

  • Previous step
    Continue
    By clicking on “Continue”, you agree to our Privacy Policy and Terms of use
    Previous step
    Continue

      Popular Cities

      Previous step
      Continue
      Previous step
      Continue

      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

      Previous step

      When did you recover from Covid-19?

      Some plans are available only after a certain time

      Previous step
      Advantages of
      entering a valid number
      valid-mobile-number
      You save time, money and effort,
      Our experts will help you choose the right plan in less than 20 minutes & save you upto 80% on your premium

      “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
      Does HDFC ERGO Health Insurance Cover Dental Treatments?

      22 May 2024

      HDFC ERGO General Insurance Company offers various health
      Read more
      Does Aditya Birla Health Insurance Cover Dental Treatments?

      17 May 2024

      Dental insurance is vital in maintaining oral health by covering
      Read more
      Does Niva Bupa Health Insurance Cover Dental Treatments?

      06 May 2024

      Dental insurance covers regular dental check-ups and treatments to
      Read more
      Surgeries Covered by TATA AIG Health Insurance Plans

      26 Apr 2024

      Amidst the escalating healthcare costs nationwide, managing the
      Read more
      Surgeries Covered by Liberty Health Insurance Plans

      26 Apr 2024

      Liberty General Insurance Limited offers a range of comprehensive
      Read more
      How to Apply for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY)?
      Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal
      Read more
      Best Health Insurance Plans for Senior Citizens
      Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance
      Read more
      Does Health Insurance Provide Coverage for LASIK Eye Surgery?
      A vast majority of the Indian population is suffering from vision problems. For some of them, LASIK eye surgery is
      Read more
      Zero Waiting Period in Health Insurance Plans
      Every medical insurance plan comes with a few terms & conditions, and the waiting period is one of them. A
      Read more
      Heart Surgery Cost in India
      Heart diseases are the leading cause of death across the globe. As per a survey by the World Health Organisation
      Read more

      top
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL