*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
Health insurance policies always have a scope for improvement and one such step towards upgradation is the idea of bringing disease specific health insurance policy for individuals suffering from hypertension and diabetes. HDFC ERGO Health Insurance (Formerly known as Apollo Munich) is the standalone health insurer that has recently come up with a health insurance policy exclusively targeting the individuals who have been suffering from diabetes and hypertension along with other such conditions.
Some further reforms brought by other insurers include – there will be no additional premiums for the diabetes and hypertension patient when purchasing a regular policy from New India Assurance. Whereas, Star Health has brought up plans which are designed specifically for people suffering from diabetes and HIV.
Such reforms have made people skeptical about which plan to choose from i.e. disease specific or regular insurance with constrains on pre-existing diseases. CEO of Apollo Munich Insurance, Antony Jacob said that these illness-specific plans are designed to benefit people who are unable to go for regular health cover and only this section of individuals are expected to display interest in the above.
Highlighting the difference, a regular health plan do offer coverage to pre-existing aliments once a predefined waiting period is completed which may vary from 2 to 4 years, whereas in these disease focused plans the waiting period is abolished and aliments are being treated from day one.
Every policy has its own advantages and disadvantages, similarly in focused plans you need to undergo restrictions like co-payment when filing a claim as well as sub-limits on room rent. Even the treatment expenses might be under some limit. Incase of Apollo Munich's plan the insurer needs to pay a higher premium or the co-pay clause.
Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Health Insurance Claims Ratio- Things You Should Look Before Buying Health Insurance
There has always been a doubt in customers mind about whether the private company will keep its side of the bargain i.e. it will settle the claim or not. A customer spends premium annually which will cover his medical expenses but there’s always ...Here’s the Difference between Health Insurance and Mediclaim
Imagine you’re looking for a job change. You get an interview call for a job. What will be your plan of action? Will you get your resume ready and prepare for the interview or you will try to extract all the possible information about the job pro...