Health Insurance

A health insurance policy is a contract between the insurer and policyholder in which insurance company provides financial coverage for medical expenses incurred by the insured. A health policy provides benefit of reimbursement of medical expenses or cashless treatment mentioned in the health policy.

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    What is Health Insurance?

    Health Insurance is a type of insurance that offers medical coverage to the policyholder for medical expenses incurred in case of a health emergency arising out of sickness or injury. A health insurance plan chosen by the insured provides coverage for different medical expenses including surgical, day-care, and critical illness etc.

    Do I Really Need a Health Insurance Plan?

    Yes. You must have the best health insurance plan as a financial backup to afford quality medical treatment at any point in your life. Medical inflation is increasing everyday making treatments expensive. Besides, a sedentary lifestyle has led to a rise in lifestyle diseases whose treatments are time-taking and are a cause of 61% of hospitalizations. Take a look at some of the reasons why you must buy a health insurance plan:

    • Beat Medical Inflation - A health insurance policy can help you pay your medical bills, including pre and post-hospitalization expenses, today as well as in future despite the rising medical costs.
    • Afford Quality Medical Treatment - It helps you to afford the best quality medical treatment and care so that you can focus only on getting cured.
    • Fight Lifestyle Diseases - It allows you to pay for the long-term treatment of lifestyle diseases like cancer, heart attack, etc. that have been on the rise with the changing lifestyles.
    • Protect Your Savings - It helps you to protect your hard-earned savings by covering your medical expenses so that you can avail the required treatment without worrying about your finances.
    • Avail Cashless Hospitalization Facility - It allows you to obtain a cashless hospitalization facility at any of the network hospitals of your insurance provider.
    • Get Tax Benefits - It enables you to save tax on the health insurance premium that you’ve paid under section 80D of the Income Tax Act.
    • Ensure Peace of Mind - It allows you to obtain medical treatment with peace of mind as you do not have to worry about paying the hefty hospital bills.

    What are the Key Benefits of Health Insurance Plans?

    Health insurance plans provide comprehensive coverage to you and your family against a variety of medical expenses. Here are the key benefits of buying the best health insurance plan:

    benefits of health insurance plans

    • Hospitalization Expenses - Health insurance plans cover the medical expenses incurred on getting admitted to a hospital for more than 24 hours. It includes room rent, doctor’s fee, medicine cost, diagnostic test fees, etc.
    • Pre & Post Hospitalization Expenses - It covers the medical expenses that you may have incurred on an illness before getting hospitalized as well as follow-up treatment expenses incurred after getting discharged. The pre-hospitalization and post-hospitalization expenses are covered up to a fixed number of days as specified in the policy document.
    • ICU Charges - A health insurance policy also covers the cost of availing treatment in an ICU or Intensive Care Unit during hospitalization.
    • Ambulance Cost - It covers the cost of ambulance services availed to reach the nearest hospital during a medical emergency.
    • Cashless Treatments - All health insurance providers in India offer cashless treatment facilities at their network hospitals. You do not have to worry about arranging money to pay the hospital bills if you get admitted to a network hospital as it will be settled by your insurer.
    • Day Care Procedures - It also covers the cost of availing day care treatment that requires hospitalization for less than 24 hours.
    • Pre-existing Diseases - The best health insurance policy also provides coverage for pre-existing diseases after you have completed the waiting period. Usually, pre-existing diseases are covered after a waiting period of 2 to 4 years.
    • AYUSH Treatment - It covers the cost of availing medical treatment through AYUSH school of medicines that includes Ayurveda, Unani, Homeopathy, Siddha and Yoga.
    • Medical Check-ups - Most health insurance companies offer free preventive health check-up facilities at regular intervals depending on the policy terms and conditions.

    Best Health Insurance Plans in India

    We at Policybazaar can help you to buy a best health insurance plan that suits your requirement below is the list of health insurance plans with the top Insurers. You can do the comparison and find the best health plan for your family.

    Insurance Companies

    Health Insurance Plans

    Sum Insured (Rs.)

    Incurred Claim Ratio

    Network Hospitals

    Aditya Birla Health Insurance

    Active Assure Diamond Plan

    Min – 2 Lakh

    Max – 2 Crore

    59%

    8200

    Bajaj Allianz Health Insurance

    Health Guard Plan

    Min – 1.5 Lakh

    Max – 50 Lakh

    85%

    6500+

    Bharti AXA Health Insurance

    Smart Health Assure Plan

    Min – 3 Lakh

    Max – 5 Lakh

    89%

    4300+

    Care Health Insurance (Formerly known as Religare Health Insurance)

    Care Health Care Plan

    Min – 4 Lakh

    Max – 6 Crore

    55%

    7400+

    Chola MS Health Insurance

    Chola Healthline Plan

    Min – 2 Lakh

    Max – 25 Lakh

    35%

    6500+

    Digit Health Insurance

    Digit Health Insurance Plan

    Min – 2 Lakh

    Max – 25 Lakh

    11%

    5900+

    Edelweiss Health Insurance

    Edelweiss Health Insurance Plan

    Min – 5 Lakh

    Max – 1 Crore

    115%

    2578+

    Future Generali Health Insurance

    Future Generali Criticare Plan

    Min – 5 Lakh

    Max – 50 Lakh

    73%

    5000+

    IFFCO Tokio Health Insurance

    Heath Protector Plus Plan

    Min – 2 Lakh

    Max – 25 Lakh

    102%

    5000+

    Kotak Mahindra Health Insurance

    Kotak Health Premier Plan

    -

    47%

    4800+

    Liberty Health Insurance

    Health Connect Supra Top-up Plan

    Max – 1 Crore

    82%

    3000+

    Max Bupa Health Insurance

    Companion Individual Health Plan

    Min – 3 Lakh

    Max – 1 Crore

    54%

    4115+

    ManipalCigna Health Insurance

    ProHealth Plan

    Min – 2.5 Lakh

    Max - 1 Crore

    62%

    6500+

    National Health Insurance

    National Parivar Mediclaim Plus

    Up to 50 Lakh

    107.64%

    6000+

    New India Assurance Health Insurance

    New India Assurance Senior Citizen Medi claim Policy

    Min – 1 Lakh

    Max – 15 lakh

    103.74%

    3000+

    Oriental Health Insurance

    Individual Mediclaim Health Plan

    Min – 1 Lakh

    Max – 10 Lakh

    108.80%

    4300+

    Raheja QBE Health Insurance

    Health QBE

    Min- 1 LakhMax – 50 Lakh

    33%

    2000+

    Royal Sundaram Health Insurance

    Lifeline Supreme Plan

    Min – 5 lakh

    Max – 50 Lakh

    61%

    5000+

    Reliance Health Insurance

    Critical Illness Insurance

    Min – 5 Lakh

    Max – 10 Lakh

    14%

    4000+

    Star Health Insurance

    Family Health Optima Insurance Plan

    Min – 1 LakhMax – 25 Lakh

    63%

    10200+

    SBI Health Insurance

    Arogya Premier Policy

    Min – 10 Lakh

    Max – 30 Lakh

    52%

    6000+

    Tata AIG Health Insurance

    Tata AIG MediCare Plan

    Min – 2 lakh

    Max – 10 Lakh

    78%

    3000+

    United India Health Insurance

    United India UNI Criticare Health Plan

    Min – 1 Lakh

    Max – 10 Lakh

    110.95%

    7000+

    Universal Sompo Health Insurance

    Individual Health Plan

    Max – 10 Lakh

    92%

    5000+

    See More Plans

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


    Types of Health Insurance Plans

    family health insurance plans

    Health Insurance for Family

    Family health insurance offers insurance coverage to entire family against a single premium. Under this health plan, a defined sum insured is divided among the members equally, which can be claimed by one or more family members during the policy term.

    senior citizen health insurance plans

    Health Insurance for Senior Citizens

    Senior Citizen health insurance plans offer insurance coverage to the age group of 60 years and above. The health insurance plan covers hospitalization expenses like in-patient, pre and post-hospitalization expenses, OPD expenses, Daycare procedures with tax-saving benefits.

    critical illness health insurance plans

    Health Insurance for Critical Illness

    Critical illness health insurance plans offer a lump sum amount in case the insured is diagnosed with a critical illness such as kidney failure, paralysis, cancer, heart attack, etc. Usually brought as a standalone policy or as a rider, the sum insured is pre-defined

    health insurance plans for parents

    Health Insurance for Parents

    Health insurance for aging parents refers to the senior citizen health plans that are designed for elderly people above the age of 60 years. It is essential for aging parents as they are more vulnerable to health risks like heart ailments, kidney ailments, and other critical illnesses.

    health insurance for coronavirus

    Health Insurance for Coronavirus

    Post COVID-19 outbreak, the IRDAI has also launched two Coronavirus specific health insurance plans i.e. Corona Kavach health plan and Corona Rakshak health insurance plan. Corona kavach is a family floater plan while Corona Rakshak is an individual coverage based plan.

    health insurance for diabetic petients

    Health Insurance for Diabetic

    Health insurance for diabetes covers hospitalization expenses for diabetic patients, who otherwise find it hard to get insurance cover. The policy can cover both Type 1 and Type 2 diabetes and related medical complications. Tax benefits on the premium can also be availed.

    personal accident health insurance plans

    Personal Accident Health Insurance

    Personal accident insurance is a health policy that reimburses the medical costs incurred on hospitalization due to death or disability caused by an accident. The insurance company pays a certain amount as per the nature of the disability.

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.


    Health Insurance Inclusions

    Health insurance inclusions refer to the coverage benefits that you can avail during the policy term. Here are some of the important health insurance inclusions that you should be aware of:

    • In-patient Hospitalization Expenses-All the hospitalization expenses that are claimed by the policyholder are covered in case of hospitalization for more than 24 hours.
    • Pre-existing Illnesses or Diseases- After the completion of the waiting period, you can file a claim for expenses incurred on treatment of any pre-existing illness or surgery.
    • Pre and Post Hospitalization- Medical expenses incurred on blood tests, x-ray, and other medical checkups that are required before hospitalization, are also taken care of. The cost incurred on medicines, health check-ups that are done to ascertain the health of the patient after the discharge from the hospital, is covered under the health insurance plan
    • Ambulance Charges-This amount varies from insurer to insurer, but generally, the mediclaim policy covers emergency ambulance charges.
    • Maternity or Newborn- Delivery and pregnancy expenses incurred during hospitalization along with newborn baby expenses are covered as well.
    • Health Check-ups- Annual health check-up facilities are also made available in some health insurance plans.
    • Daycare Procedures-Daycare treatments where hospitalization is not required for more than 24 hours. It includes eye surgery, dialysis, and other common daycare surgeries as mentioned in the policy documents.
    • Treatment availed at Home or Domiciliary Hospitalization Cover- It also covers the expenses incurred on getting medical treatment at home on the advice of the medical practitioner.
    • Ayush Benefit: Health insurance also reimburses the medical costs incurred on Ayurveda, Unani, Siddha or Homeopathy treatment up to a specified limit.

    Health Insurance Exclusions

    Health Insurance exclusions refer to the medical conditions or expenses that are not covered under your medical insurance plan. It implies that your health insurer will not pay these expenses. Some of the most common exclusions that you must know are given below:

    • Unless an accidental emergency, claims arising during the initial 30 days are not covered
    • Coverage of critical illnesses and pre-existing diseases is subject to a waiting period of 2 to 4 years
    • Injuries caused by war/terrorism/ nuclear activity/suicide attempts are excluded
    • Terminal illnesses, AIDS, and other diseases of similar nature also make to the list of exclusion
    • Cosmetic/plastic surgery, replacement of hormones, etc.
    • Dental or eye surgery expenses
    • Bed rest/hospitalization and rehabilitation, common illnesses, etc.
    • Treatment/diagnostic tests, post-care procedures are not covered

    Note: It is recommended to check your policy wordings to know the detailed list of exclusions.


    What are the Factors to Consider before Buying Health Insurance Plans?

    There are a few factors that you should consider closely to make the right decision:

    • Caps and Sub-limits

      Caps and sub-limits are the thresholds set on various policy-covered expenses. If a health policy has impositions of co-payments, sub-limits, and other caps, this would mean that there will be a policy-stated coverage offered for various expenses. At times, the co-pay clause and caps help in reducing the premium of the plan. These, however, would alter the benefits in the long run. To make the most of your health insurance policy you must understand these factors before you pay for a health insurance plan.

    • Claim settlement Record

      This is an important criterion to assess the credentials of an insurer. You should always go with a company with a good claim settlement record. Thus, you can ensure that your medical insurance claims would not be wrongly withheld. Always ask for the company’s claim settlement ratio before purchasing their health insurance plans and save yourself from unnecessary harassment in the future.

    • Scope of Coverage

      Don’t buy a health insurance plan by just comparing health insurance premiums. Less cost does not necessarily mean a good medical insurance plan. On the contrary, such a health plan might not consider your coverage needs properly. Closely look at what the plan includes. Buying a comprehensive plan is a better option comes to your rescue when you need it the most.

    • Renewability

      It is important to see how many years the plan proposes to protect you. Mediclaim policies are usually annual contracts. Once the policy term ends, in order to continue the insurance coverage, the insured has to pay the insurance premium. This recurring process is called health insurance renewal. The policy should be renewed continuously, because if there is a break, then, the person will lose the benefits of medical insurance.

    • Cashless Hospital Network

      Check if a hospital around you is included by the medical insurance company you are considering to buy the plan from. You and your family won’t be required to run around collecting documents and filling reimbursements. The provider or its Third Party Administrator should have a tie-up with a range of network hospitals. The insured can get admitted to any of these nursing homes/network hospitals without paying anything from the pocket. However, cashless claim settlement is subjected to limits and sub-limits, which, in turn, are subjected to the sum assured of the medical insurance policy.

    • Premium Loading

      Premium Loading refers to the increase in standard premium applicable when the medical insurance company perceives a person to be more at risk (of claiming the insurance) in comparison to others. It is strongly recommended that you check the terms and conditions pertaining to premium loading. This will save you from paying an extra premium after making a medical insurance claim. This aspect, though ignored in the beginning, usually becomes a bone of discontentment later.

    • Internal Claim Settlement Team

      Check the health insurance plans from insurers that have a dedicated internal claim settlement team. This expedites the claim settlement process. Most of the medical insurance players use a third-party administrator to process the claims and do the paperwork. Even though most of these Administrators provide great services, the fact that they are a third-party slows down the process. There are certain rules and regulations to be followed when an administrator processes a medical insurance claim before it is handed over to the medical insurance company, which in-turn affects the turnaround time.

    • Members Included

      Everyone has a different family size, so you should always look for the family size allowed under the medical insurance plan before purchasing it. If you are in your late 20s and your parents already have a health insurance cover, then purchasing insurance only for yourself does make sense. Alternatively, if you are married with or without kids and have dependent parents, parents-in-law, siblings, etc., then a family health insurance plan is best for you. Checking the premium cost, family size covered, critical illnesses or other benefits will ensure that you are able to purchase the plan you need.

    • Health Insurance Portability

      It is wise to choose a health insurance company that offers health insurance portability. Earlier, policyholders had to stick to a policy just to retain the advantage. Now, you are allowed to switch from one insurance company to another without losing the waiting period advantages earned in your current policy. Moreover, with the insurance landscape changing so regularly, insurance providers regularly come up with better policies and it may make sense to opt for health insurance policy portability.

      Although health insurance portability is free, some companies may charge you a certain fee if you are to port out of their plans to those of some other players. Therefore, make sure you do not pay any charges for medical insurance portability. Health insurance portability is a good thing to check when you are finding the best health insurance plan.

    • Restore Benefit

      With the 'restore benefit' facility in your health care plan, you can restore your basic sum assured in case you have already spent the same or the multiplier advantage during your policy tenure. Mostly, the benefit cannot be obtained on the same ailment if you have exhausted the existing sum limit.
      Restoration assistance proves to be helpful for a family floater health plan, where if the entire sum assured is used in the treatment of only a single family member, the other members are not left uncovered. In such a case, the other family members can avail policy coverage for the illness other than the one for which the expenses have already been compensated by the insurer.
      Well, while finalizing your health insurance plan, you should consider other important factors such as waiting period, sub-limit, claim settlement procedures, etc. You can replace restore benefit with a super top-up plan at an affordable price. Moreover, top-up health insurance plans are more comprehensive since they come with few or no restrictions.

    • Top up Health Insurance Plans

      With the rise of medical inflation, it is prudent to increase the medical insurance coverage amount. But, not all can afford it due to the high cost of the premium. This is where a top-up medical insurance plan comes into the picture. A top up health plan reduces the deductibles cost i.e. the portion of a claim you pay willingly for the damages before the insurer compensates the rest or up to the sum assured. With a top up medical policy, you don’t pay until a hospital breaks its defined limit. A top up plan is considered far cheaper than a standalone medical insurance policy.
      For instance, if the medical bill is Rs. 6 lakhs with a deductible of Rs. 2 lakhs, you are required to pay only the latter amount and the remaining 4 lakhs will be paid by the insurer. But, you can utilize your health policy to pay the liable amount. Again, the blending of a top-up plan with a medical cover is helpful as the premium you pay is much more affordable than an individual health plan. For example, if you pay 6,500 as a premium for Rs. 5 lakh regular cover, a top up coverage of Rs. 15 lakh will entail an additional premium of 5,000, which is anyhow cheaper than a separate policy.

    • Waiting Period

      As per the medical insurance norms, every insured must serve a defined waiting period to get coverage for any pre-existing illness. It is usually a 30-day period from the day your health insurance plan is initiated. If any claim falls during the waiting period, the insurer has the right to reject the claim for any hospitalisation, except in the case of an emergency. A hospitalisation that arises out of an accident can be registered as a claim and the insurer will compensate for the hospitalisation cost. However, the insured is not required to serve the waiting period for subsequent years.

    • Co-Payment

      Medical insurance plans offer a co-payment option that pre-defines the voluntary deductibles, which have to be borne by the insured. So, in the event of a medical exigency, some amount is paid by the insured and the rest, by the provider. The co-payment option does not have any effect on the sum insured. It allows you to reduce your premium to a certain extent (subject to the insurer and insurance policy).

    • Room Rent Sub-limits

      A health insurance plan may have various sub-limits associated with it; room rent is one of those sub-limits. Once the insured is hospitalized the sub-limit on room rent coverage is applicable on a per day basis. For instance, if your medical insurance policy covers your daily room rent up to a maximum of Rs 3,000 and your room cost incurred is Rs 5,000 per day, then you will have to pay the remaining Rs 2,000 from your own pocket.

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

    Yes, your existing health insurance policy covers the cost of COVID-19 treatment. Several health insurers and general insurers have already launched health insurance plans for coronavirus that cover the expense of treatment of coronavirus. After the IRDA guidelines, two special standard health insurance products, namely Corona Kavach policy and Corona Rakshak policy were launched and are being purchased by a lot of people already. Lets’ check out how these two COVID insurance products and how they are different from basic health plans.

      • Corona Kavach Policy

        It is an indemnity based health insurance plan that covers home treatment, and AYUSH treatment costs. The cost of masks, gloves, ventilators, oxygen cylinders, PPE kits, is also recompensed.

        Eligibility Specification
        Entry Age 18-65 years
        Coverage Type Individual/Family Floater
        Sum Insured ( Rs) 50,000-500,000
        Discount on Premium 5% for health workers and doctors
      • Corona Rakshak Policy

        Corona Rakshak policy is a benefit based product that provides lump sum payment for hospitalization (minimum 72 hours) upon diagnosis of Coronavirus during the policy term. The minimum policy term is 3.5 months and maximum is 9.5 months.

        Eligibility Specification
        Entry Age 18-65 years
        Coverage Type Individual
        Sum Insured ( Rs) 50,000-2,50,000
        Discount on Premium 5% for health workers and doctors

    Which Health Insurance Policy Should You Buy?

    Your Requirement What You Should Get
    Coverage for hospitalisation expenses including surgical bills Medical insurance offering cashless facility and claim reimbursement
    A fixed amount daily while you are hospitalised Hospital Cash Plan
    If diagnosed/hospitalized with a critical illness or if the illness leading to loss of income Critical Illness Plan
    When an accidental disability leading to loss of income Personal Accident Insurance
    Coverage for expenses in the event of caesarean and normal delivery Maternity Insurance
    Insurance coverage for the entire family in a single plan Family Floater Health Plan
    Coverage for senior citizens Senior Citizen health Insurance

    Health Insurance Eligibility Criteria

    The eligibility criteria for health insurance depends on the age of the customer, pre-existing illnesses, current medical conditions, etc. For this reason a medical test is also conducted by the health insurance companies to find out if the applicant is going through some health diseases or not. In most of the mediclaim policies the following eligibility criterion needs to be met:

    Age Criteria- Entry age for Adults: 18 to 65 years (70 and above, based on the plan and insurer). Entry age for Children: 90 days to 18 years and in some plans it is up to 25 years as well.

    Pre-medical Screening- In most cases it is required for applicants above the age of 45 years, but it may vary depending on the insurer and the type of medical insurance plan. Most of the senior citizen health plans require pre-medical tests to check if the applicant meets the eligibility criteria for insurance cover or not. The criterion for individual and family floater health plans may vary as per the policy terms and conditions.

    Pre-existing Diseases- When buying a health insurance policy you need to disclose about the health diseases that you have or any pre-exiting illness that you or your family members have. Do not keep it as a secret as it may cause problems at the time of claim settlement. It can even lead to rejection of you claims.

    Most of the health insurers ask the applicant if they are going through any medical conditions like blood pressure, diabetes, cardiovascular diseases, kidney problems, and any other diseases. If you are a smoker or an alcoholic then also you need to disclose it to the insurer. Based on this the insurance company will decide if you are eligible to get medical cover or not.

    If one insurer doesn’t offer then you can also check with another or a buy a specific health plan as per your medical conditions. Check the policy wordings for terms and conditions to have a better understating about the eligibility criteria.

    Why Compare Health Insurance Plans?

    It is vital that you compare health insurance quotes online in order to choose the best one to meet your healthcare needs. It can get confusing to select the best health insurance plan as so many insurers offer different health insurance products with varied features.

    It is no wonder that sometimes, people end up with a plan that might cost less, but has contradictory clauses, and they practically get nothing when a claim is filed. On the other hand, you end up buying a health insurance plan with a higher cost just to find out later that it has features that you did not use or might never need.

    Amid the increasing cost of treatment, a Health insurance policy prevents a medical emergency from turning into a financial emergency. It makes sure that one's healthcare needs are taken care of without depleting his/her savings or compromising on one's future goals.

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

    Benefits of Comparing Health Insurance Plans Online

    Due to tight and hectic schedules these days, it has become quite impossible to visit different offices or branches of different health insurers in order to compare various medical insurance policies.

    Thankfully, Policybazaar understands the dilemma of the customers and hence, has offered a platform where you can compare different health insurance quotes online.

    Enlisted below are some of the major advantages of buying a health insurance plan online:

      • Access to Accurate Information:

        It offers easy access to every medical insurance policy available in the market. It also saves the buyers from dealing with the agents who are known to provide unreliable and biased information most of the time..

      • Time Efficient and Convenient:

        By comparing health insurance plans online, the users are able to save their time as they don’t have to keep meeting with the agents to compare and choose the best plans. Additionally, several tasks, such as paying premiums, renewing the health insurance plans, etc., are also easier via online mode.

      • Pocket-Friendly:

        If a customer buys a health plan via an online channel, he/she will be able to compare the premium and opt for the one that fits in the budget. Also, no brokerage or agent fees are levied and hence, the buyer ends up saving a significant amount of money.

      • Availability of Provider/Plan Reviews:

        Doing so will help you get an overall idea of an insurer’s reputation, enabling you to make an informed decision.


    Arogya Sanjeevani Policy: A Health Insurance for All

    Arogya Sanjeevani is a standard health insurance policy that is provided by every health insurance company in India. Arogya Sanjeevani policy covers basic health insurance needs and is a good option for those who not have medical insurance cover, especially in smaller towns.

    As mandated by the IRDAI, Arogya Sanjeevani policy provides coverage from Rs. 1 lakh to Rs. 5 lakhs, with a waiting period of just 30 days. However, the waiting period for specific diseases ranges from 24 months to 48 months, which depends on the illness as well.

    Some Myths about Health Insurance

    Before relying on the information it is imperative to check the facts and then buy a health insurance policy. Mentioned below are some popular myths that most people believe about medical policies:

    • I am Healthy, and I Don't Need Medical Insurance

      Despite taking good care of your health, there are numerous unforeseen circumstances like seasonal illnesses, dengue, malaria, or an accident that can hit anyone anytime. Nowadays, hospitalization expenses are not easy to pay off. Even 2-days of hospitalization expenses would cost you somewhere between INR 60,000 to INR 1 lakh and even more (depending on the type of illness).

    • My Health Insurance will Cover all the Medical Expenses

      As per the IRDAI regulations, all the health insurance plans come with a set of exclusions/limitations. It is required that you check all the policy details and the coverage that is mentioned in the plan. The insurer will only compensate for the expenses that are covered in the policy and up to the specified limit.

    • Declaration of Pre-existing Diseases

      It is essential to declare all the pre-existing diseases in the proposal form. One must mention pre-existing diseases clearly before buying a health insurance policy. Inadequate information can lead to rejection of the claim and can cost more than the expected amount.

    • Smokers are not Eligible to Buy a Health Insurance Plan

      As per the survey, nearly 49% of the applicants who consume alcohol are perplexed to buy a health insurance policy. But there are health insurance companies that offer medical insurance coverage to them as well. But taking into consideration the risks, alcohol consumers, and smokers would need to undergo a stringent pre-medical examination procedure and pay a higher premium to get health insurance coverage.

    • Medical Insurance will only Cover Hospitalization Expenses

      Though most of the health insurance plans cover medical expenses for hospitalization more than 24-hours, there are plans that have a capping on the duration of hospitalization as well. But most of the insurers these days cover daycare procedure as well, where it is not required to be hospitalized for 24-hours. It includes cataract surgery, varicose veins surgery and similar medical procedures.

    • I am Covered Under a Group or Corporate Health Insurance Plan!

      Most people rely on the health insurance plan that is provided by their employer. It is important to know that a group health insurance policy comes with a set of limitations. It will not offer coverage to your family members in most of the cases, the sum assured will not be sufficient, it will not cover critical illnesses. Also, getting health insurance coverage after retirement or losing a job can prove to be an expensive affair.

    How to Calculate Health Insurance Premium?

    In order to keep the policy in force, regular payment of a fixed premium is essential. Did you ever think about how this premium is calculated? There are certain factors that affect health insurance premium such as the medical background of your family, your personal medical history and so on.

    Based on that, you might want to calculate your premium to figure out how much you would have to pay for the policy. It can be done through a health insurance premium calculator. Premium calculator is an online tool that calculates the premium to be paid as per the information provided by you. At Policybazaar.com, you can calculate your health insurance premium easily.

    What are the Factors that Affects Health Insurance Premium?

    With the advancement in medical facilities, health care costs have also increased. The main benefit of health insurance is that it takes care of the healthcare expenses. It offers financial security to you and your family in the event of an unanticipated serious illness or accidental injuries that could drain all your savings. And here is how the cost of your insurance premium is determined:

    • Medical History

      Your medical history is one of the major determinants of the health insurance premium. Almost all the ' health insurers in India make pre-medical tests mandatory (after a certain age) before buying a health insurance policy.

      While, some insurance companies don’t make medical screening mandatory but do consider your current medical conditions, lifestyle-related health risks and medical background of your family.

      That is why medical insurance premium for smokers is higher than other people.

    • Gender and Age

      Age is another important determinant of the medical insurance premium. The premium varies based on the age of the insured person.

      That is why it is recommended to buy a policy at a young age because the cost of the premium is low for young applicants.

      Elderly people are vulnerable to cardiovascular diseases, and other critical illnesses such as cancer, kidney problems, etc. For this reason, senior citizen medical insurance premium is usually on a higher side.

      Also, the cost of the premium for women's health insurance is lower in comparison to the male candidates due to lower risk of stroke, heart attack, etc.

    • Policy Term

      The premium for a 2-year health insurance plan will be higher than a 1-year plan. However, almost all insurance companies offer a discount on long-term medical insurance plans.

    • Type of Health Insurance Plan

      The type of health insurance policy you select also affects the cost of the premium. The higher the risks involved the higher will be the premium and vice-versa.
      With the help of an online health insurance premium calculator, you can compare the premium for different health insurance plans.

    • No-Claim-Discount

      If you have not made any claim during your policy term, then you can earn NCB or No-claim-bonus ranging from 5 to 50 percent. It is also one of the most important factors that are taken into consideration while calculating the cost of the premium.

    • Lifestyle

      If you drink or smoke regularly, chances are high that you will be charged more premium amount. In that case, the insurer can also reject your medical insurance policy request.

    What is the Procedure of Health Insurance Claim?

    Health insurance plans come with additional benefits of cashless treatment and expense reimbursement by the insurer. One can file a claim against an event that is covered by the insurance policy. Following are two claim processes:

    • Expense Reimbursement

      Health insurance plans provide the insured with the benefit of getting their medical expenses reimbursed by the insurer. The cost of various hospital charges such as bed charges, medicines, lab tests, surgeon's fees, etc. are paid back to the insured if the claim for reimbursement is filed. The insured pays the (hospital) expenses but gets reimbursed by the insurance company.

    • Cashless Treatment

      Insurance companies provide policyholders with a wide range of network hospitals to get medical treatment without having to make upfront payments. No payment is required to be done by the insured since the clause involves a mutual agreement between both the parties, i.e. the insurer and the network hospital. Availing cashless benefit requires TPA approval.

      The insured can also show the insurer-issued health card at the particular hospital as proof of medical insurance cover along with a valid government ID. Following cases are considered for cashless treatment:

    • Planned Hospitalization

      In case of planned hospitalization, in order to avail health insurance benefit the insured needs to have TPA approval in advance along with other mandatory documents. Fill the pre-authorization form at the network hospital signed by the treating doctor(s).

    • Emergency Hospitalization

      Show the health card issued by the insurer at the hospital along with the appropriately-filled pre-authorization form to get TPA approval for emergency hospitalization. If you fail to get TPA approval, you would need to file for reimbursement later. The insured might have to show the itemized bill, proof of medical expenses, discharge bill, etc., as the proof of the treatment availed to avail claim reimbursement.

    Documents Required for Health Insurance Claim Reimbursement

    In the event of 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

    Buy Top Health Insurance Plans Online from Policybazaar

    Buying health insurance can be easy if you approach the right channel. Having said this, Policybazaar.com can be a good platform for choosing the right insurance policy. Policybazaar has made the process of comparing & buying a health insurance policy easier in comparison to earlier days. One has easy access to the complete details of almost all the health insurance plans available in the Indian insurance market at a competitive price.

    Policybazaar helps you sieve through numerous mediclaim and health insurance plans and zero down on the one that measures up to your needs. Moreover, the post-sale services are extended to the customers online as well even at the time of medical insurance claim.

    Steps to Buy Health Insurance Plan Online from Policybazaar

    To get insured from the comfort of your home, you can buy health insurance online from Policybazaar. No medicals are required and the steps to buy medical insurance are listed below:

    Step 1- Select Male/Female and enter your full name

    Step 2- Enter your correct phone number, and click on view plans and select your age

    Step 3- Click on continue and your city where you are living in and the pin code

    Step 4- Click on Yes or No if you take any medications

    Step 5- Select the best health insurance plan from the options that are displayed. Choose ‘Get Free Advice’ if you want suggestions or help

    Step 6- Select and compare the different health insurance plans on Policybazaar. You can choose the personalized plans options as well

    Step 7- Once the plan is selected you can pay the premium or speak to our customer care representative to take your through different options

    Step 8- Make an informed decision and pay the premium. Once all the steps are completed, the policy will be emailed on your registered email-id


    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

    FAQs About Health Insurance

    • Q: How much does health insurance cost for an individual?

      Ans: As per the market trends, a person buying a family floater policy of Rs 5 lakh covering self, spouse, and one child, the premium will cost around Rs 10,000 to Rs 17,000 on an annual basis. However, it depends on the age of the person insured and medical history. However, an individual health plan with a basic cover of Rs 5 lakh for a 32-year-old will only cost around Rs 5000-8000 a year. Please note that there is no fixed set of insurance costs, it varies as per different factors such as the sum insured amount, policy duration, medical history, illnesses covered, etc.
    • Q: What is the right age to buy health insurance?

      Ans: There is no right age or wrong age to buy a health insurance policy. However, it is suggested that the earlier you buy it the lesser would be the premium. The reason is the lesser risk of health issues at a young age as compared to someone who is in their mid-50s or 60s and is more prone to critical illnesses. Therefore, if you get health insurance in your 30s you will be able to avail yourself maximum insurance benefits that too at a lower premium.
    • Q: Can a person have more than one health insurance policy?

      Ans: Yes, you can buy more than one health insurance policy in India. For example, if you are covered under a corporate health plan then you can get an individual or family floater health insurance policy as well. And if you already have individual health insurance you can get another top-up health plan or a senior citizen health insurance plan for your parents.
    • Q: Is a medical test mandatory to buy a health insurance policy?

      Ans: Medical tests are not mandatory before buying a health insurance policy. However, most of the health insurance companies in India require medical reports if the age of the applicants is above 45 years. But this can vary depending on the age of the applicant and the insurer’s requirement.
    • Q: How many claims are allowed in health insurance?

      Ans: Usually, a health insurance policy permits one to two claims during a policy term. And some health insurance companies that offer policies with unlimited claims during the policy tenure. So, please read the policy wordings before making the purchase.
    • Q: What are the diseases that are not covered in health insurance?

      Ans: A health insurance policy usually does not cover HIV/AIDS treatment, only a few companies cover it. Any of the congenital disorders, venereal diseases, general debility, and dental treatment/surgery unless it is required as a part of the treatment is excluded from health insurance coverage. But do check your policy wordings to know more about the detailed list of exclusions in a health insurance plan.
    • Q: I have my employer's group policy; do I need to buy a separate health insurance plan?

      Ans: Yes, an employer’s health insurance policy might not be sufficient in certain cases. The sum insured is usually between Rs 2 lakh and Rs 5 lakh, which might not be sufficient. And to cover today’s expensive treatment costs, it is important to have a separate health insurance plan of minimum of Rs 10 lakh.
    • Q: Does my health insurance policy cover healthcare expenses related to COVID-19?

      Ans: Yes, health insurance plans cover COVID-19 hospitalization expenses. You can also buy COVID- specific health plans like Corona Kavach and Corona Rakshak health plans if you want COVID treatment cover. However, your basic health insurance policy covers COVID-19 treatment, but you can also buy a specific COVID-19 health plan that covers the cost of the Consumable items like PPE kits, ventilators, etc.
    • Q: What does cashless hospitalization mean in a health insurance policy?

      Ans: Cashless hospitalization means that the treatment charges are paid by the insurance company to the hospital. All the insurance companies have a tie-up with the network hospitals where the insured/policyholder can avail cashless treatment for an illness or accidental treatment.
    • Q: What are pre-and post-hospitalization expenses in health insurance?

      Ans: Pre-hospitalization expenses refer to the expenses incurred 60-90 days before getting admitted. Post-hospitalization expenses refer to the cost of tests and treatment charges incurred after getting discharged from the hospital.
    • Q: How to add my family members to my existing medical policy?

      Ans: You can add your family members to your health insurance policy at the time of renewal or at the time of purchase. You, your spouse, dependent children, parents, can be covered in a family health insurance plan.
    • Q: At what age can I include my children in my health insurance plan?

      Ans: You can include your children in a family floater policy from Day 1. In some health plans, children are covered after 91 days.
    • Q: What is a free-look period in health insurance?

      Ans: A free-look period in health insurance starts 15 days after policy purchase. During this period you can review your health insurance policy features, coverage, and decide if you want to continue or not. You can also opt for add-on covers during this period.
    • Q: What do you mean by Network and Non-network Hospitals?

      Ans: Network hospitals refer to those hospitals that are under the panel of the Insurance Company. In these hospitals, you can avail cashless hospitalization facility and the insurer settles the bills directly with the hospital. Non-network hospitals are the general category hospitals where you can avail the treatment and file for reimbursement of medical expenses.
    • Q: What does it mean to have Domiciliary Hospitalization cover?

      Ans: Domiciliary hospitalization refers to the treatment taken at home, only if it is prescribed by the treating doctor. Some health plans also cover COVID-related domiciliary treatment costs.
    • Q: What are the benefits offered under basic hospitalization cover?

      Ans: Basic hospitalization expenses include the cost of the treatment, doctor fees, ICU charges, room rent charges, cost of medicines, diagnostic fees, etc. These are the basic hospitalization benefits. If you want critical illness cover you can get this as an add-on cover or buy it as a rider benefit.
    • Q: Can a minor buy a health insurance plan in India?

      Ans: A minor below the age of 18-years cannot buy a health insurance policy. However, it depends on the insurer.
    • Q: What to do if I am admitted to a non-network hospital?

      Ans: If you are admitted to a non-network hospital then you can avail of the treatment and file a reimbursement claim. The health insurance company will provide you compensation up to the sum insured limit.
    • Q: Can the nominee be changed in the middle of the policy term?

      Ans: No, you cannot change a policy nominee in the middle of the policy. However, you can file an endorsement to make changes in your policy coverage benefits.
    • Q: What happens if my medical policy lapses during hospitalization?

      Ans: If the policy lapses during hospitalization you won’t be able to avail the insurance benefits. Therefore, it is recommended to renew your policy timely if you want to avail continuous policy coverage benefits.
    • Q: Does a waiting period apply if I increase my sum insured at the time of policy renewal?

      Ans: Yes, you can increase your policy sum insured at the time of renewal. Yes, the waiting period will apply, it will only be over when the duration of the waiting period i.e. 2-years, 4-years will complete.
    • Q: What is a Cumulative Bonus in a health insurance plan?

      Ans: A cumulative bonus in health insurance implies monetary benefits that the insurer provides you as a reward for not filing a claim during the policy year. It is also called a No-claim-bonus similar to that in car insurance. However, the policy benefits differ from one health insurance Company to another.
    • Q: Does every network hospital provide a cashless facility?

      Ans: Yes, most of the network hospitals provide cashless facilities. As they have tie-ups with the insurance company. Therefore, the claims are settled directly with the hospital.
    • Q: What is the claim settlement ratio?

      Ans: The claim settlement ratio refers to the number of claims settled by the insurance company against the number of claims filed. The higher the claim settlement ratio the better is the insurer’s ability to settle the claims.
    • Q: How do I renew my mediclaim policy?

      Ans: You can renew your mediclaim policy online through Policybazaar or the Insurer’s website. The steps to renew health insurance are simple:
      • Go to the ‘health insurance renewal page’
      • Select the policy or the policy number
      • Select the policy benefits and features
      • You can also increase the sum insured at the time of renewal
      • Now pay the premium and your policy is renewed
      • You will receive the soft copy over email and a hard copy will be sent to your registered address
    • Q: Can I transfer my health insurance policy without losing renewal benefits?

      Ans: While transferring your health insurance policy from one insurance company to another, you don’t lose the benefits that you have accumulated during the policy term. As per IRDAI’s new regulations, the benefits remain intact. Earlier it resulted in losing out on benefits accumulated in health insurance policies, like the waiting period for covering Pre-existing Illnesses.
    • Q: Do I get any discount on the premium at the time of my health insurance policy renewal?

      Ans: It is not necessary that you will get a discount on the premium at the time of renewal. However, if you renew it online from Policybazaar you can save between 7.5% and 12.5% on the premium.
    • Q: Is it possible to modify add-on covers while renewing my health insurance policy?

      Ans: Yes, you can modify your health insurance policy add-on covers at the time of renewal. The insurer can charge you some extra premium to modify the add-ons or rider benefits.
    • Q: Is there a grace period for health insurance renewal?

      Ans: Online health insurance renewal is quick and convenient. You can renew your health insurance plan on Policybazaar.com by entering your policy number and other required details. Once you make the payment the insurance gets renewed without much paperwork. Moreover, you can avail of good discounts with online renewal.
    • Q: What to do if the health insurance policy renewal date is missed?

      Ans: If your health insurance policy renewal date is missed you can check for the grace period. If that is also missed, you would need to buy a fresh health insurance plan with a fresh waiting period, NCB, etc.
    • Q: Why do I need Health Insurance?

      Ans: Health insurance policy ensures that you would not have to bear medical bills and hospitalization expenses out of your own pocket. It comes with the dual-benefit of coverage against medical emergencies and assured tax benefits under section 80D of Income Tax Act, 1961. With the increasing risk of medical contingencies and its corresponding rise in hospitalization cost, medical insurance is quite important for your family and you. It safeguards your loved ones against financial troubles, thereby assuring you for best medical facilities
    • Q: Can I cancel my health insurance? If yes, will I get my premium back?

      Ans: Yes, you can cancel your health insurance. A free look period of 15 days from the date of policy receipt is available to you to review terms and conditions of the policy. If you are not satisfied with the terms of the policy, then you may seek cancelation of it. In such an event, insurance company allows refund of expense done after adjusting underwriting costs, cost of pre-acceptance medical screening, etc.
    • Q: What do you mean by waiting period in health insurance plans?

      Ans: The waiting period is a defined time-period that the insured has to serve to cover the pre-existing illness. No claim during this period will be accepted by the insurer except in the case of emergency hospitalisation. Let’s say if the waiting period is 3 years, a claim for the cover can be claimed only after serving 3 years from the date of inception of the policy. Read more about waiting Period in details
    • Q: Do health insurance plans cover outpatient expenses also?

      Ans: Most of the insurance companies have a mandatory requirement of 24 hours hospitalization. However, some insurance companies like Cigna TTK, and MAX Bupa cover OPD (outpatient department) expenses in their base mediclaim policy, while companies like National Insurance offer an OPD cover as a rider at an additional premium.
    • Q: When should I make a health insurance claim?

      Ans: A health insurance claim can be filed for any illness or medical expense that is covered under the policy.
    • Q: What do you mean by No-claim-bonus in health insurance plans?

      Ans: No claim bonus (NCB) is a discount on the base premium if no claim on the health policy is made during the policy term. This bonus is usually given in the form of a discount or enhancement of sum insured amount.
    • Q: What is the sum insured in health insurance plans?

      Ans: Sum Insured is the pre-determined coverage amount that is paid by the insurance company to the policy holder at the time of claim.
    • Q: What are the various riders and benefits available in health insurance plans?

      Ans: A rider is an add-on option that can be added to current health policy to get additional cover. There are various riders available in medical insurance sector and some of the major ones are listed below-
      • Critical illness rider
      • Hospital Cash benefit
      • Attendant allowance to accompany the insured person who is hospitalized
      • Maternity cover
      • OPD expenses cover
      • Health check-up cover
    • Q: What are pre-existing diseases or conditions?

      Ans: Any health problem faced by one prior to seeking insurance policy is called pre-existing diseases. Insurance companies are reluctant to cover such diseases as it is a costlier affair for them. Every insurance company has its conditions regarding such illnesses. Some firms prefer to check a person’s entire medical history to know pre-existing condition status, while other insurers will look for medical records over the past four years. So while choosing a policy, you should also need to compare the waiting period stipulated in policies for covering such ailments.
    • Q: What if the insurance company refuses to settle my claim and I want to file a complaint?

      Ans: In order to monitor grievances and turnaround times of policyholders, IRDA has implemented the Integrated Grievance Management System (IGMS). It is a platform where policyholders can register their complaints with insurance companies first and if required, it can be escalated to IRDA Grievance Cells. You can reach IRDA Grievance Call Centre (IGCC) through- Call - Toll free number 155255 for voice calls Email - complaints@irda.gov.in
    • Q: What do you mean by health card?

      Ans: It is a card that comes along with health insurance policy. Similar to the identity card, this card will allow you to avail of cashless hospitalization.
    • Q: How can I exercise the portability procedure on my current health insurance?

      Ans: Health insurance portability can be exercised only at the time of renewing a policy, not at any time during the policy term. Switching to a new firm can be easy if you follow below simple steps.
      • An insured needs to send an application to port the policy to the new firm which should reach at least 45 days before the last day of renewal of the current policy
      • Once your request is received by the new firm, they will send a proposal and portability forms along with details of different products offered by it
      • Choose the insurance product which suits you most and fill up the proposal and portability forms and submit them to the new firm
      • After receiving both the forms, the insurance company will approach your current firm seeking details like medical history and claim history.
      • After the new firm receives all details regarding your previous policy, he has to decide on underwriting your insurance application within 15 days. If the new firm fails to abide by this duration, he will be bound to accept your application.
    • Q: How to select the best health insurance plan in India?

      Ans: Almost all the health insurance companies offer different health insurance plans to meet the needs and requirements of its different customers. Here are some of the most important points that you must keep in mind when selecting the best health insurance plans in India. Check the Sum Insured, Coverage limit, Entry Age and renewability clause, co-payment clause, Inclusions & exclusions, waiting period and the No-claim-bonus. After comparing different plans based on the above parameters you can select the right plan.
    • Q: What is the procedure for reimbursement settlement?

      Ans: The process for reimbursement goes as follows:
      • Inform the insurer and submit the filled reimbursement claim form within 30 days from the date of release from the hospital .
      • You are required to submit all the original and duly stamped medical reports, medical bills and hospital bills with the claim form.
      • A discharge card, which ensures that you are medically fit, is to be submitted to the insurer as well.
      • Doctor’s follow-up prescription should also be submitted at the time of filing a claim. For a post-hospitalization expense to be covered, you can submit the bills within 60/90/120 days from discharge, as per your insurer’s norms.
      • Keep copies of all submitted documents for future reference and retain them all. The insurer will follow you once the claim is registered and he/she will further guide you. Usually, a claim is settled within 2-3 weeks after it is registered.
    • Q: How much health insurance coverage do I need?

      Ans: You need to decide the medical insurance coverage you need based on your lifestyle, pre-existing health conditions, medical background of your family, annual income, age, health risks and the premium that you can pay.
    • Q: Are individual health insurance plans better than family floater health insurance plans?

      Ans: An individual health insurance plan only provides coverage for an individual, whereas a family floater plan ensures coverage for the entire family in case of a medical emergency. However, an individual plan costs more than a family health insurance floater plan, which is why most individuals opt for family floaters. Family floaters also offer a higher sum insured than individual health insurance plans, in case of only one claim in a year.
    • Q: How does smoking affect health insurance premiums?

      Ans: The cost of getting a health insurance plan can be significantly higher for those who are regular tobacco users. This is because smoking predisposes an individual to various diseases like heart complications, hypertension, respiratory issues, cancer, etc. Though the number of smokers is higher for men, women who smoke are also prone to osteoporosis. As a result, the premiums for health insurance are higher for smokers and tobacco users are higher than those who do not smoke.
    • Q: What is covered under a health insurance policy?

      Ans: Health Insurance provides all essential health benefits, including doctors' consultation fees, inpatient and outpatient expenses, while some insurers also cover pregnancy and childbirth-related expenses.
    • Q: What are the documents required for purchasing a health insurance policy?

      Ans: There are no documents required as such for purchasing a health insurance policy. You may have to undergo a pre-policy medical check-up if you are a senior citizen. However, you must have valid proof of your identity, address, age, etc. when you need to file a claim with your insurer. Note: You can always check on your insurer’s website about the documents required for purchasing a health insurance policy.
    • Q: What are the minimum and maximum policy durations?

      Ans: You have the option to buy health insurance plans either for 1 year, 2 years or 3 years. Buying it for 2 years entitles you to get discounts.
    • Q: Can my friend buy a health insurance policy if he/she is not an Indian National but living in India?

      Ans: Yes, foreigners living in India can apply for health insurance policy. However, coverage would be applicable within India only.
    • Q: Do health insurance plans cover diagnostic charges like X- ray, ultrasound or MRI?

      Ans: Health insurance plans cover diagnostic charges like X ray, ultrasound, blood tests or MRI, only if a patient stays in a hospital for at least one day. Any diagnostic test which doesn’t lead to treatment or those tests which have been prescribed to outpatients are not covered.
    • Q: What happens to the policy after the claim is filed?

      Ans: After a claim is filed and settled, the coverage amount would be reduced by the sum that has been paid. For instance, in January, you start a health policy with Rs 10 lakh coverage and in May, you make a claim of Rs 5 lakh. The coverage available to you for June-December would be the balance amount i.e. Rs 5 lakh.
    • Q: Can I take policy for my kid who is 3 years old?

      Ans: Usually children are not covered individually in a health insurance policy but can be covered by either of the parent in their own health policy.

    Health Insurance - Latest News

    • U.P. announces accident & health insurance cover for laborers

      Chief minister Yogi Adityanath on this Labor Day announced two schemes for the laborers in U.P. They are provided an insurance cover of Rs 2 lakh that is provided to all the laborers for accidental death or disability. They will also be given a health insurance cover of Rs 5 lakh.

      In a virtual interaction on Saturday with the laborers, the CM said that amid the second wave of the Covid-19 pandemic, the government will also start distribution of free ration under the PM Garib Kalyan Yojana from May 5, 2021.

    • Rajasthan first state to offer health insurance to its people

      Chief Minister Ashok Gehlot announced the launch of Mukhyamantri Chiranjeevi Swasthya Bima Yojana. In this scheme, every family gets coverage up to five lakh per year for medical expenses. People can register themselves and avail cashless treatment.

      It is one of the biggest medical insurance schemes that will provide medical relief to all the people of Rajasthan. Chief Minister Gehlot announced this health insurance scheme in the state budget 2021-22. With this Rajasthan becomes the first state to roll out health insurance cover to its people..

    • IRDAI Extends the validity of COVID Health Insurance till Sept 30

      IRDAI in its recent circular announced to extend the validity of COVID-specific health schemes till September 30, 2021. The extension is for both purchase and renewal of these COVID plans i.e. Corona Rakshak and Corona Kavach schemes. It will help the people to secure themselves amid the rising number of Coronavirus cases in India. The regulator also mentions that the policy terms and conditions will remain the same.

      At present, you can buy these COVID insurance products 3.5/6.5/9.5 months. While Corona Kavach is a standard Indemnity based plan and Corona Rakshak is a Standard benefit-based plan and all the health insurance companies will now allow the renewal of these plans up to September 30, 2021..

    • Health Insurance Companies to Pay for Coronavirus Vaccine Adverse Reaction: IRDAI

      As the COVID vaccine drive is in full swing, The Insurance Regulator and Development Authority of India (IRDAI) has clarified that the treatment of any reaction after Coronavirus vaccination to be covered under health insurance policy. The insurer will pay for hospitalization expenses and the policyholder can claim just like a normal health insurance plan. Health insurance companies will settle the claims just like other health insurance claims..
    Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
    Average Rating
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    Health Insurance Reviews & Ratings
    4.6 / 5 (Based on 761 Reviews)
    (Showing Newest 15 reviews)
    Aryaman
    Chennai, July 27, 2021
    Happy customer
    I bought a health insurance plan for my wife from the website of Policybazaar. I had a great online experience throughout from informative suggestions to comparison to final checkout process. I am really happy with the plan that I have got. Thank you so much.
    Bhaavik
    Kolkata, July 27, 2021
    Respite in pandemic
    With the rising death rate during the pandemic I got really concerned for the safety of my aging parents. I wanted to keep them protected and I came to know about COVID treatment coverage in the health insurance plan. I bought the plan and now I am well prepared for the future.
    Bhavin
    Surat, July 27, 2021
    Tax Benefits
    I had no idea that health insurance plans come with tax benefit until my friend suggested me. He also asked me to buy a health plan online from the website of Policybazaar. I bought the plan and not I can avail tax rebates on the annual premium I will pay for the plan. I am happy with the insurance security as well as the tax benefit.
    Chitaksh
    Pune, July 27, 2021
    Hassle free reimbursement
    I bought the health insurance plan almost 2 years ago and I had an emergency to face in the last few months. I contacted the online team of Policybazaar and they helped me reimburse the medical bills without any hassle. I am so glad I bought the plan from here. Thank you team.
    Daksh
    Jaipur, July 27, 2021
    Happy with my policy
    I am so happy with the health insurance plan I bought from the website of Policybazaar. The plan offers me huge coverage and the premiums fall under my budget. Not only this, the plan also offers some additional benefits. I would recommend the same plan to my friends.
    Kanav
    Lucknow, July 27, 2021
    Comparison of good plans
    I believe the comparison feature of the Policybazaar website is the best feature. The google results might be manipulative when it comes to online comparison of top health plans but Policybazaar provides unbiased comparison. I have got a good health plan for myself. Kudos to the team for providing the best information online.
    Devansh
    Kanpur, July 27, 2021
    COVID coverage
    I recently came to know that the health insurance companies have now started offering coverage against the deadly coronavirus. I did not waste any time after knowing this and bought the plan for myself and my family. I am really glad the health plan came on time to rescue people in need.
    Hridaan
    Delhi, July 27, 2021
    Step by Step guide
    If you do not know how to buy a health insurance plan online, you do not have to worry about it. Visit the official website of Policybazaar and their customer care team will guide you step by step to buy your favorite plan. It is a hassle free experience. Kudos to the team.
    Gagandeep
    New Delhi, July 26, 2021
    Trustful website
    I was browsing google to find the best website to research about health insurance plan because I wanted to make an informed decision. I came across Policybazaar and I found the details on the website far reliable as compared to other websites. I bought a health plan as I trusted the website and now I am happy with my decision.
    Dinesh
    Gurgram, July 26, 2021
    Recommend Policybazaar
    I recently bought a health insurance plan online from the website of Policybazaar. The entire experience has boosted my confidence to buy any insurance plan online. Honestly, I do not think there is any other better website which provide great service as compared to Policybazaar.
    Sanket
    New Delhi, July 26, 2021
    Flexible service
    Policybazaar provide flexible payment service on the purchase of health insurance plan. I was able to customize my plan as per my needs and I selected a rider from the wide range of options. Really happy to have experience their flexible service. Thank you team.
    Girish
    Hisar, July 26, 2021
    Easy Selection
    My friend suggested me to buy a health insurance plan from the official website of Policybazaar. He recommended the website because he is happy with their service. Personally, to me it was so easy to select the best plan for myself and very easily I could buy the plan online.
    Tanya
    Bilaspur, July 26, 2021
    Hassle free customization
    I wanted to buy a health insurance plan for my wife and I wanted some customizations to make the most of the plan. With the help of assistance provided by Policybazaar I was able to make customizations and I am happy with the final product. Thank you so much team.
    Abhijeet
    Delhi, July 25, 2021
    Information helped me
    I recently visited the website of Policybazaar to buy a health insurance plan. My friend relies on the website as it provides fact based and updated information. After going through the informative articles I could not agree more with him. Policybazaar helped me make an informed decision. Thanks
    Aditya
    Bangalore, July 25, 2021
    Cashless claim
    My wife has recently gone through an operation and we needed funds to meet the healthcare expenses. I took claim assistance from the website of Policybazaar and in no time I got a cashless claim from my provider with the help of customer care team. Thank you so much team.
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