Tax Benefits of Care Advantage
A Health insurance policy not only covers your medical expenses but also offers you tax benefits under Section 80D of the Income Tax Act. As per this provision, you are eligible to claim a tax deduction of Rs 25,000 in a financial year for the premium you pay towards the policy. In case you have senior citizen parents covered under the policy, you get an additional deduction of Rs 50,000 under Section 80D tax benefits.
Claim Settlement Process for 6 to 1 Crore Health Insurance Policy
In case of emergency hospitalisation, reach out to our customer support team and inform us within 24 hours of your admission to the hospital. In case of planned hospitalisation, inform us 48 hours prior to admission.
Cashless Hospitalisation Claim Process
- Submit the duly filled and signed pre-authorization form to the hospital insurance desk.
- An approval letter will be sent by our claim management team.
- If required, a query might be raised from the side of our claim management team.
- After the approval, your bills will be directly paid to the hospital.
Reimbursement Claim Process
- Submit the duly completed and signed Health Insurance claim reimbursement form along with all the required documents:
- You are required to submit the following documents:
- Valid photo-id proof
- Medical certificate issued by the hospital/doctor
- Original bills, receipts, discharge form issued by the hospital/doctor
- Other documents, as requested by the insurer
- Our claim management team may raise a query if required
- An approval letter will be sent by the claim management team
- We will communicate in case of any rejection.
Exclusions in Care Advantage
Exclusions are the diseases that are not covered under the policy. Some common exclusions for Health Insurance Policy are listed below:
- Self-Inflicted injuries and suicide attempts
- Injuries due to consumption of alcohol
- IVF or infertility treatment
- Hospitalisation due to war or nuclear threat
- Plastic surgery and cosmetic treatment
- Other permanent exclusions