How much health policy insurance coverage do I need?

The amount of insurance coverage you will need depends on your medical needs, age and health risks, the city you live in, and various other factors. Also, you must consider the treatment costs for your specific health condition before deciding how much sum insured is enough for you and your loved ones.

Should You Get a Health Insurance Policy at an Early Age?

Health insurance protects your savings by covering medical expenses. Care Health Insurance offers various benefits, including cashless claims, tax savings, and coverage for hospitalisation, critical illnesses, and more.

Why is Health Insurance Policy Important to Protect Your Loved Ones?

Health insurance is important to protect your loved ones as it offers financial security for medical costs, ensuring access to care and peace of mind.

Does Health Insurance Cover COVID-19 Expenses?

The Insurance Regulatory and Development Authority of India has stated that companies should offer coverage for standard treatment of COVID-19 infections if the insured is affected by the infection and has to get hospitalised for the treatment.

What documents do I need to purchase mediclaim health insurance?

While purchasing a mediclaim insurance policy, you will require a few important documents to complete the process. Some of the documents required include ID proof, age proof, income proof documents, age proof, photographs, and relevant medical records.

Can I buy health insurance and use it immediately?

Yes, you can get immediate coverage under medical policies for any accidents or injuries. However, you can only avail of the policy's coverage for any illness-related hospitalisation after a standard waiting period of 30 days from the day your policy becomes effective.

What is the right age to invest in Health Insurance? Which is the best health insurance for myself and my family?

The earlier you get health cover, the lesser the premium you get to bear. The premium costs of health plans increase with age. Besides, the chances of having a pre-existing health condition also increase as we grow older- resulting in an increased premium. Thus, going for a health cover early in life is a wise decision.

What is the benefit of porting health insurance?

Medical insurance portability can help you switch a health insurance plan without having to go through a new waiting period. Once you have finished the waiting period in your previous plan, you do not have to serve it again.

How much does health insurance cost?

At Care Health Insurance, a 5-lakh medical cover starts with a premium as low as Rs. 358/month, subject to specific policy terms and conditions. Factors like the sum insured, type of coverage, policy term, count and age of insured members, and their pre-existing medical conditions, impact the chosen health plan's premium cost.

How can I get tax benefits from medical covers?

With our medical insurance, you get a chance to increase your savings as you become eligible to get income tax benefits under Section 80D of the Income Tax Act. That is, you will be allowed to claim a tax deduction on the policy premium for which you have made a payment to us.

Can I have multiple health insurance plans in India?

Yes, you can buy yourself multiple health policies. If you have opted for more than one indemnity-based plan with other insurers or us, then you can opt for any of these plans to settle your claims, provided that the claim amount payable is up to the sum insured of the chosen policy. If the claim amount under a single policy exceeds the sum insured, you have the right to select the insurer to settle the claim.

Can I add my ageing parents to my medical insurance policy?

Yes, you can include ageing parents in your health insurance plan easily by informing us during renewal. However, for elderly parents above 60 years, we recommend medical insurance for senior citizens that will better meet their age-related healthcare needs.

How does smoking affect the insurance premium for medical cover?

Insurers consider the habit of smoking as a factor when assessing your health risks and calculating insurance premium rates. Generally, smokers need to bear a higher premium for any health cover, given that smoking makes people more vulnerable to chronic diseases and other health hazards.

I'm covered under a corporate group policy. Do I still need a separate health cover?

Yes, it is wiser always to have separate healthcare insurance besides the employer health plan because the corporate plan does not offer extensive coverage, no tax benefits, and customisable features. Thus, it is better to protect your finances and health with a separate cover that meets all your healthcare needs effectively.

Can I take a health insurance policy for my 5 years old kid?

Yes, you can include your children aged 5 years or above under an individual health plan. For children under 5 years of age, you can include them in a family floater plan with other family members who are 18 years and above.

Are medical tests mandatory while buying health and medical insurance?

Pre-policy medical tests are usually required for older individuals, those with a pre-existing condition, or opted for a higher sum insured. However, it is best to go for a medical check-up when opting for a health insurance plan to ensure hassle-free claim settlement.

How can I increase the sum insured for my health insurance?

You can increase the sum insured of your health plan at the time of policy renewal. The same can be done after specific medical tests and a revision of the claim history. But the sum insured cannot be increased further if the existing sum has already met the sum insured limit of your policy.

What is the waiting period for health insurance?

The waiting period is the time you must wait before making a claim for specific conditions, as stated in your policy documents.

What is copayment in health insurance?

Co-payment can be defined as a cost-sharing feature in which the insured must pay a fixed amount of the costs incurred while filing a claim; the insurer will cover the rest.

What is a deductible in health insurance?

A deductible is the amount the insured must pay out-of-pocket before the insurance cover comes into effect.

What is a network hospital?

A network hospital is a hospital which has partnered with your insurance company, enabling you to seek cashless treatment.

What is the sum insured in health insurance?

The Sum Insured is the maximum amount the insurer will cover for medical expenses. A higher sum insured means a higher premium.

What are exclusions in health insurance?

Exclusions can be defined as certain conditions which are not covered by the health insurance policy.

What are top-up plans in health insurance?

Top-up plans provide extra coverage over your base sum insured, ensuring additional protection during medical emergencies.

What are pre-existing diseases in health insurance?

Pre-existing diseases are conditions that the insured has before purchasing a plan. They usually lead to higher premiums or waiting periods.

What is claim intimation in health insurance?

Claim intimation is the process of informing your insurer about an upcoming claim, mostly before hospitalisation. This helps ease the claim process.

What is a cashless hospitalisation claim?

Cashless claim settlement is when the insurer directly compensates the hospital for your treatment, bypassing the need for upfront payment.

What is a reimbursement claim?

A reimbursement claim is one in which the insurer pays the medical costs upfront and then gets reimbursed by the insurance company.

What is a No Claim Bonus in health insurance?

It is a bonus for policyholders who do not make any claims during a policy year; this often increases the coverage amount.

What are Sublimits in health insurance?

Sublimits can be defined as the maximum limit of the amount the insurance company will pay for certain medical expenses.

What is the Room Rent Proportionate Charge?

This is the maximum limit of the daily room cost covered by the insurance company; any extra amount is your responsibility.

What is domiciliary hospitalisation?

Domiciliary hospitalisation is a situation in which the insured receives treatment at home either because the doctor has declared that they cannot be admitted to the hospital, or there is a non-availability of rooms at the hospital.

What are network and non-network hospitals?

Network hospitals are empanelled with a health insurer and provide you with cashless medical treatment. Here, you can present your health card to avail yourself of a cashless hospitalisation facility, and the insurer will directly settle the claim with the hospital. Meanwhile, non-network hospitals are not empanelled with the insurer and thus require reimbursement claim filing.

What are the pre-existing diseases in health insurance? Will my health policy cover the same?

Pre-existing diseases are illnesses, injuries, or related conditions for which a medical practitioner diagnosed a person within 36 months before the effective date of policy issuance by the insurer or its reinstatement. Yes, Care Health Insurance policies cover pre-existing medical conditions but come with a waiting period as per the chosen policy.

What is the Smart Select Hospitals benefit at Care Health Insurance?

It is an additional cover option that reduces your premium by 15%, provided you use Care's Smart Select Network Hospitals, but using non-network hospitals may result in a 20% co-payment.

How does Room Type affect my health insurance coverage?

The type of room you choose during your hospitalisation impacts your hospital bill. Policies usually have coverage limits for each room type.

Is overseas treatment of an illness covered in my insurance plan?

Generally, any type of treatment taken overseas is not covered. However, you can opt for a global coverage option if you wish to continue treatment abroad.

How does no claim bonus work in a healthcare insurance policy?

A no-Claim Bonus (NCB) that is given to the policyholder for not raising any claim during a policy year. It is a bonus amount that becomes available as an increased sum insured for every claim-free year. The NCB amount will not exceed 50% of the sum insured under any medical policy insurance. The accrued bonus is reduced by 10% in the next policy year, if the insurer claims in a policy year.

Do health insurance policies cover robotic surgery & modern treatments?

Yes, our specialised health insurance plans cover various expenses under advanced medical treatments, including robotic surgery and modern-day care treatments. We offer cover for more than 541 daycare procedures.

Is there a grace period for renewal under health insurance?

Yes, an insured person is allowed a grace period of 30 days immediately following the policy period end date to pay the renewal premium for a Care insurance policy. You can pay the premium within the grace period to renew the benefits of your medical health insurance policy.

What is the process for a reimbursement claim settlement of medical insurance?

Typically, you will have to inform the insurance company about your hospitalisation. Submit the claim form and all the stamped and verified documents within the stipulated timeline. Once the claim is verified, it will be settled within 2-3 weeks.

How many claims can I make in a medical insurance policy?

You can make multiple insurance claims during the policy term, provided that it remains within the sum insured limit.

Are alternative treatments covered under health insurance?

Yes, as of April 1, 2020, all health insurance companies in India are required to cover AYUSH treatments, which include Ayurveda, Yoga, Unani, Siddha, and Homeopathy.

What are the details required to make a health insurance claim?

For a cashless claim, you need to submit the pre-authorization form at the hospital's TPA desk. Also, you need to present your health card and identity proof at the network hospital. Under a reimbursement claim, submit the claim form and documents, such as identity proofs and hospital bills. The details required include name, contact information, policy number, past medical history, proposed line of treatment, duration of treatment, etc.

Health Insurance: Buy Best Medical Insurance Plans @₹21/Day#

Why Choose Care Health Insurance?

Given below are some of the reasons why a health insurance policy from Care Health Insurance may be the best option for you:

Affordable Premiums with Extensive Coverage

Our health insurance plans offer a new-age coverage at an affordable premium to ensure you are appropriately covered without digging a hole in your pocket!

Wide Range of Plan Options

We ensure competitive coverage for everyone through the diverse plan options for families, individuals, parents, expecting mothers, and people with critical illnesses.

Vast Network

We have a wide network of 24800+ cashless healthcare providers, including 11400+ network hospitals, that ensure you can avail of quality treatment in times of need.

Easy Claim Process

With a hassle-free claim procedure available both online and offline, we are also home to one of the best claim assistance team which means convenient claims anytime anyday!

Features of Health Insurance Plans

Addressed below are the features of the best health insurance plans from Care Health Insurance:

Feature	Description
Sum Insured	Ranging from ₹5 lakhs to ₹6 crores
Critical illness	Special plans offering coverage for 32 illnesses
Pre-hospitalisation expenses	Covered up to 60 days
Post-hospitalisation expenses	Covered up to 180 days
Ambulance charges	✅
Daycare Treatments	✅
ICU Charges	✅
Add-on	✅
Hospital Network	24800+ cashless healthcare providers with 11400+ network hospitals
Tax benefits	Up to ₹75000 Under Section 80D
AYUSH treatments	✅
Domiciliary treatments	✅
Grace period	30 days after policy expiry
Waiting period	30 days / 24 months/36 months
Policy tenure	1 year/ 2 years/ 3 years
Advanced medical treatments	Available

Benefits of Health Insurance

Click through the sections to get a detailed understanding of our medical insurance plans:

Coverage for Hospitalisation Expenses:Health Insurance from Care protects you against pre- and post-hospitalisation expenses, ambulance charges, day-care procedures, domiciliary care expenses, etc.
Coverage for Critical Illnesses: You do not have to spend your hard-earned savings if a critical illness knocks on your door. Care Health Insurance caters coverage against 32 major critical illnesses.
Protection above Corporate Health Insurance: At Care Health Insurance, we offer affordable plans that help you cope with expensive medical costs over and above your group health insurance plan.
Cashless Claim Benefit: With an expansive network of 24,800+ cashless healthcare providers, you can ensure that your focus remains on recovery, not paperwork, during a medical emergency.
Tax Benefits under Section 80D:The premium you pay for your health insurance can be utilised to avail of tax benefits under Section 80D of the Income Tax Act, 1961.

What is Covered under Care Health Insurance Plans?

Care Health Insurance offers the best health insurance plans for medical expenses, which provide comprehensive financial protection in times of urgency by covering various medical expenses apart from the bills you incur during hospitalisation. The coverage provided is subject to the policy terms and conditions. The expenses covered in health insurance policies are:

In-Patient Hospitalization

Our medical insurance policies cover your expenses, such as room rent, ICU charges, doctor’s fees, etc., during any planned or emergency hospitalisation up to the sum insured.

Pre-Hospitalization Medical Expenses

We cover your medical expenses, such as doctor’s consultations, medical tests, and medication, up to 60 days before hospital admission.

Advanced Medical Treatments

With our health insurance plans in India, you can access advanced medical care and get coverage for modern treatments, including robotic surgeries and chemotherapies.

Daily Allowance

The everyday expenses during hospitalisation can be burdensome, but our health insurance plans provide a fixed amount to cover them.

Post-Hospitalization Medical Expenses

Medical expenses, such as follow-up visits and medical tests, are covered up to 180 days immediately after discharge from the hospital.

Domiciliary Hospitalization

We offer domiciliary hospitalisation expenses to ensure uninterrupted medical coverage per the policy terms.

AYUSH Treatments

Treat your ailments with a combination of modern and traditional treatments. Our AYUSH coverage helps you avail of alternative treatment as per policy terms and conditions.

Coronavirus Treatment

We offer standard coverage for hospitalisation and medication as per policy terms to ensure you are not strained due to a COVID-19 infection.

The best medical insurance plans also offer maternity benefits as an optional cover for delivery-related expenses. Various add-ons are available at an additional premium, including OPD Care, which covers expenses such as OPD consultations, diagnostics, and medicines.

Disclaimer: For more details on product coverage, please check our product pages and policy documents.

What is Not Covered under Health Insurance Policies?

At Care Health Insurance, we want all our customers to be well-informed before purchasing a health insurance policy. Therefore, we urge you to review the policy documents within the free lookup period to avoid last-minute rejections of claims. Mentioned below are the common exclusions of a health insurance plan that you opt from Care Health Insurance:

Self-inflicted injuries resulting from suicide or attempted suicide.
Diseases, surgeries, or medical events(except accidents), occurring within 30 days of the policy start date.
Expenses arising out of or attributable to alcohol or drug use/misuse/abuse.
Treatment arising from or traceable to pregnancy and childbirth, miscarriage, abortion, and its consequences.
Tests and treatment relating to infertility and in vitro fertilization.
Cosmetic or aesthetic treatments that do not fall under the 'medically necessary' category.
War, riot, strike, nuclear weapons induced hospitalization.

Which Add-ons are Included in a Care Health Insurance Policy?

Health Insurance plans from Care Health Insurance come with different add-on benefits that help you customise premiums and/or expand your coverage. Listed below are a few add-ons that our customers love the most.

Air-ambulance cover: Financial cover for transportation by air ambulance if deemed medically necessary.
Care Sheild: This benefit can be divided into three features:
- Claim Shield: Covers expenses for specific non-payable items.
- No Claim Bonus Sheild:The no-claim bonus remains unaffected even with small claims.
- Inflation Sheild:Your sum insured increases annually based on inflation.
Co-payment waiver for senior citizens:Removes the co-payment requirement for an extra premium.
Annual health check-up:Provides free yearly check-ups for every insured member at network labs.
Smart Select:Get a 15% premium discount by using network healthcare providers, but a 20% co-pay applies for non-network.
Reduction in the PED Waiting Period: Waive the waiting period for pre-existing conditions.
No Claim Bonus Super:Get a 50% increase in SI over 5 years if no claims are made in this time period.
Care OPD:Get reimbursement for a limited number of general physician and specialist consultations annually.

How to File a Claim under Health Insurance Plans

STEP 1

Emergency

Intimate within 24 hours of your hospitalization

Planned Hospitalization

Intimate us 48 hours prior to your hospitalization

STEP 2

Cashless

Request for pre-authorization

Reimbursement

Claim form submission

Complete the pre-authorization form available
at the hospitals' insurance/TPA Desk and send us through fax.

Approval

Approval letter sent by the claim management team

Query

Hospital/Insured to respond to the query raised by the claim management team

Rejected

You may initiate the treatment and file for reimbursement claim

Submission of claim form along with required
documents, as per the policy terms & conditions

Approval

Approval letter sent by the claim management team

Query

Insured to respond to the query raised by the claim management team

Rejected

We will communicate the reason in case of rejection

How Do Health Insurance Plans Work?

Shortlist a health insurance plan:Choose a health insurance plan that meets your needs and budget.
Make regular premium payments:Pay your premiums on time to keep your policy active.
Seek medical treatment:Receive medical care from a healthcare provider.
File a claim:Submit a claim to your insurance company for the medical expenses incurred.
Claim assessment:The insurance company reviews your claim to determine settlement

Which Type of Health Insurance Should You Buy?

You should determine the ideal health plan for yourself and your family by evaluating the healthcare needs, age, and current health status of every member. To help you select the right health policies for every member, we have created a scenario-based differentiation covering the different needs of individuals and families. Find out which scenario is most relatable to you and secure yourself with our policy offerings-

If You Have Dependent Family Members

Cover all your family’s medical needs under one plan. These plans have a single affordable premium, annual health check-ups, and customisable benefits for every member. We offer sum insured options of up to ₹ 6 crore

Family Floater Insurance Policy

If You are Young and Need Complete Coverage

This inflation-proof plan offers comprehensive financial and healthcare security for young adults. This plan has several benefits such as personal accident coverage, discounts, and no co-payment. These plans are available on individual and family floater basis

Youth Health Insurance Plan

If You Have Elderly Parents to Look After

Senior citizen health insurance plans offer complete coverage for elders, including automatic recharge, annual health check-ups, and tax benefits. Further, this policy does not require pre-policy medical check-ups.

Senior Citizen Health Insurance Plan

If You Need Protection Against Critical Illnesses

Our Critical Illness Mediclaim provides financial protection against the medical expenses of 32 critical illnesses, including cancer, stroke, and paralysis. It offers low premiums, easy EMI options, quick recovery counselling, and coverage for cancer at all stages.

Critical Illness Insurance

Eligibility Criteria and Health Insurance Policy Details

While most of our health insurance plans have standard eligibility criteria, you can check the desired policy for specific conditions, like co-payments, waiting periods, etc.
Tabulated below are the eligibility criteria to purchase health insurance plans from Care Health Insurance:

Minimum Entry Age	Individual- 5 years \| Floater- 91 days with at least 1 insured person of age 18 years or above
Maximum Exit Age	Lifelong for Adults
Tenure Options	1/2/3 Years
Cover Types	Individual and Family Floater basis
Waiting Period	30 days for illnesses, except injury \| 24 months for named ailments \| 36 months for pre-existing diseases
Grace Period	30 days to renew your policy post expiry

What are the Factors Affecting the Premium of Medical Insurance Policies

Given below are some of the factors that affect the premium of your health insurance policy:

Age:The higher the age, the higher the premium, and vice versa.
Pre-existing Conditions:Pre-existing leads to higher premium costs.
Body Mass Index(BMI): High BMI leads to a higher premium amount.
Lifestyle Habits:Unhealthy and risky habits like drinking can increase premiums.
Type of Plan:Family plans typically have lower premiums than individual plans.
Sum Insured:A higher sum insured has a higher premium.
Deductibles and Co-Payment: Higher deductible/co-pay leads to lower premiums.
Add-On Covers:Additional coverage increases the premium.
Location:Areas with high medical costs have higher premiums.
Medical History of Family:A family history of diseases can lead to higher premiums.

How to Calculate Premium of Health Insurance Plans?

You can now calculate the premium using a simple digital calculator designed especially for medical insurance policies. This tool helps you get the right estimate of the amount of premium you will have to pay for your policy. It considers various factors to calculate the premium, including the information you have entered. Here are the steps to calculate your premium:

Step 1: Visit the Health Insurance Premium Calculator page.
Step 2: Choose the desired policy and enter your mobile number in the 'Get Quote' section.
Step 3: Enter the pin code and email, followed by the details of all the members to be insured.
Step 4: Customize the policy by changing the sum insured and add-ons as per your needs.
Step 5: That's it! Your instant health insurance quote is calculated, including 18% GST.

We offer three policy estimation options: family cover, pre-existing diseases cover, and senior citizen insurance. The premium calculator will automatically calculate the amount you must pay to be eligible for the coverage. You can check the premium and critical benefits in your base mediclaim insurance policy.

How to Choose the Best Health Insurance Plans in India?

To choose the best medical insurance in India, you must consider the below-mentioned advantages:

Verify Eligibility: Often, health policies come with entry age restrictions. With Care Health Insurance, you face minimum age restrictions with a minimum entry age of 91 days on a floater basis and get lifelong renewability.
Ensure Maximum Coverage: Our health insurance plans provide pre and post-hospitalization expenses, diagnosis expenses, treatment, medication, organ donor cover, and annual health check-ups.
Look for Affordable Premium: A budget-friendly premium is always on your mind while buying a medical policy. In our digital portal, you can utilise the health policy calculator to estimate the premium rates by customising the covers and sum insured as per your needs.
Check Exclusions: Check the exclusions list carefully before choosing a health policy. There are certain pre-defined conditions under which you cannot make a claim. So, go for the cover that offers maximum coverage with minimal exclusions.
Understand the Co-Payment Clause: Before investing in insurance for medical needs, it's advisable to check the co-payment clause. Co-pay in health policies refers to a specified percentage of the claim amount that needs to be borne by the insured person.
Select Wide Cashless Network Hospitals: Easy access to our empanelled network hospitals provide you with cashless treatment in the least time. Ensure a widespread cashless hospital network, and don't forget to look for well-renowned hospitals in your vicinity.
Bid for Higher Claim Settlement Ratio: Claim Settlement Ratio proves the company's reliability in settling claims. We promise the highest claim settlement ratio of 95.2% CSR (F.Y. 19-20).

How to Buy Health Insurance Online?

The best part about the online availability of health covers is the secure payment gateways. With easy-to-follow steps and trust-backed payment partners, we offer you a seamless experience of buying the best health insurance plans in India completely online. Also, our digital portal enables you to effortlessly make premium payments through a hassle-free digital payment gateway. Welcome to the future of hassle-free health coverage with Care Health Insurance!

Here is a quick 6-step guide you should follow for making online insurance payments:

Go to our home page and select a health policy based on your needs and sum insured requirements.
Click on ‘Get Quote’ and provide relevant details.
Enter the required information and customise your policy.
You will be redirected to the payment section.
Make payment through any secure digital payment mode.
You will get the new health policy documents on your registered email-id.

How to Renew Health Insurance Policy Online?

Every medical policy terminates when the term for policy ends. That’s why renewing a mediclaim is crucial to ensure uninterrupted healthcare coverage and added advantages like no claim bonus, coverage for a pre-existing ailment, etc. The process of renewing insurance involves the following steps:

Visit our official website for health insurance policy renewal.
Go to the renew section.
Enter the complete details, such as insurance policy number, contact number, etc.
Under the payment section, pay the renewal premium through any secure payment mode.

By buying a health policy online, you can also renew your health plan digitally, thus saving much effort.

How to Reduce Your Health Insurance Premium?

You know by now that your health insurance premium is not a random number but a thoughtful calculation based on unique facts. Our underwriting process ensures a personalised touch, from your health history to lifestyle choices. However, some easy tips and tricks can help you reduce your health insurance premium without cutting back on the coverage.

Buy a health insurance plan today

Age is the primary factor that influences the cost of your premium. With your age, your premium amount also rises because you become prone to critical health issues in your old age. In contrast to this, the young age is generally considered to be risk-free. Therefore, you can purchase health insurance at a lower premium amount when you are young.

Pick the right add-ons

Instead of opting for an expensive health insurance plan, you can play it smart and opt for the right add-ons. These add-ons are designed to cater to your health needs per your pocket. With the right add-ons, you can get guaranteed medical coverage in need.

Make the most of the tax benefits

Your health insurance plan can offer tax benefits based on your premium. You can maximise your tax deductions by paying a premium for your parents above 60. Get in touch with an expert to understand how you can avail tax benefits with your health insurance benefit.

Choose a medical insurance policy that you can afford

When you start exploring health insurance plans, you will get several options to lure you. But you should not opt for that plan, which requires you to bend backwards. Choose a plan that you can afford comfortably.

Pick the right co-pay and deductibles

You can choose the high amount of deductibles and co-payments to reduce the burden of premiums on your shoulders. Deductibles and co-payments are fixed amounts the insured must pay before availing of coverage benefits. While this will minimise your premium, remember that it will increase your share in claim settlement. Therefore, you should consider this option carefully.

Choose a multi-year policy

Another way to reduce your health insurance premium is to choose a policy with a longer tenure. This can give you the benefit of concessions on the premium amount.

Follow a good lifestyle

The simplest way to keep the premium under control is to follow a good lifestyle. If you are suffering from pre-existing diseases while buying a health insurance policy, the amount of your premium will also rise. Hence, it is vital to avoid alcohol, cigarettes, and caffeine, as they can pose the threat of serious health issues. Furthermore, you should incorporate nutritious food, a good amount of water intake and regular exercise into your daily routine.

Compare Mediclaim Policies

Before deciding on the right mediclaim policy, it is important to compare multiple plans from different insurers. Different insurers offer coverage options with different premium costs. This makes it imperative to compare and research multiple policies and consider factors like customer reviews, coverage, and network hospitals. This way, you can ensure you purchase the perfect policy at reasonable rates.

How much Tax Benefit Can I get from Health Insurance?

If you fall into the taxable slab, then your health insurance plan can fetch you tax benefits. Here’s how:

If you are paying the health insurance premium for yourself, your spouse, your children, or your parents, you can avail of tax benefits under Section 80D and save more.
As a policyholder, you can also claim up to ₹5,000 when towards preventive health check-ups.
Take a look at the table to understand the deductions in detail:

Policyholders	Deductions for premium paid for self and family	Deductions for premium paid for parents	Preventive Health Check-Ups	Tax benefit
Self and family below 60 years	₹25,000	-	₹5,000	₹25,000
Self, family, and parents below 60 years	₹25,000	₹25,000	₹5,000	₹50,000
Self and family below 60 years and parents above 60 years	₹25,000	₹50,000	₹5,000	₹75,000

Documents required to File a Claim under Health Insurance

Given below are the set of documents that you will have to submit while making a claim:

Category	Documents
Claim Related	Duly filled and signed claim form Insured person’s name, policy number, address, etc
Medical Documents	All diagnostics and medical reports Original payment receipts, hospital bills, and discharge summary Pharmacy bills and prescriptions Doctor’s referral letter

Some Myths about Health Insurance Busted

Health insurance is vital to financial planning, yet various misconceptions surround it. Let us examine the most common health insurance myths and help you understand what is a myth and what is not.

Health Insurance is only meant for seniors: Health insurance is crucial for people of all ages, owing to the increase in health risks in younger individuals. Further, early purchases also lead to lower premiums.
Coverage Begins Immediately Upon Purchase: Usually, a waiting period of 30 days applies before you can make a claim. Specific conditions may also have additional waiting periods.
The Cheapest Plan is the Best Choice: The cheapest plan may not offer comprehensive coverage. To be properly covered, choose adequate benefits over price.
Pre-Existing Diseases Disqualify You From Health Insurance: Pre-existing diseases often result in higher waiting periods or premiums, but you can still get coverage. Specific add-ons are also available to reduce waiting periods.
Group Health Plan is Enough: Group plans usually have limited coverage and can be ineffective in case of job switch. Consider purchasing an individual plan to supplement existing group coverage.
All Hospital Bills are Covered: Even the most comprehensive health insurance plans have specific exclusions. Read your policy documents to understand policy limitations.

Porting Your Health Policy to Care Health Insurance

There are more than one reasons to port your policy to Care Health Insurance. As an insured person, we promise you unique benefits with lifelong renewability under most of our health insurance plans. Porting a medical plan is easy and can be done before the policy renewal stage. Just notify your existing insurer at least 45 days before the policy renewal date of an existing medical cover.

You will be able to retain your medical insurance policy benefits and accrued bonuses and transfer the time-bound exclusions, including credit for the waiting period for pre-existing diseases. It is possible to port a policy from one insurance company to another and from one health insurance policy to another policy with the same insurance company.

How to Port a Medical Insurance Policy?

Here is a step-by-step guide to port your health insurance scheme and get covered under Care Health Insurance plans:

Step 1

On the home page of Care Health select the “port existing policy” option and follow the premium calculation journey.

Step 2

Fill up the proposal form and the portability form with relevant details and submit the required documents along with it.

Step 3

The requisite data will be furnished on the official portal of IRDAI.

Step 4

The new insurance company will underwrite the proposal and inform you within 15 days.

Things to Keep in Mind When Porting Health Insurance

Inform your previous insurer

Before switching to a new health insurer, it is vital to inform the current insurer. You should write an application for this purpose. You can make this request to your insurer at least 45 days before your policy’s expiry date. Also, keep in mind that you should avoid making this request before 60 days of the renewal. Let’s understand how to make the portability permission request. You should write an application in which you have to mention the name of your new insurer and other personal and details. Once you apply, your application will be reviewed and you will receive an acknowledgement within 3 business days.

Keep an eye on the premium

When you decide to port your health insurance policy to a new insurer, you should enquire about the premium. You should check whether its premium will increase or decline on porting. The change in premium indicates the changes in your coverage or benefits. So, gather this information before you finalise the porting.

Check for the available add-ons

If you are thinking of switching to a new insurer to enhance coverage or benefits, you should check for the available add-ons. You can buy the add-ons of your current insurer to avail of the extended benefits.

Understand the waiting period

You should understand the waiting period cycle before you port to a new insurer. Simply put, the waiting period is divided into three parts.

The first waiting period starts with buying the policy. This is for only 30 days.
The second waiting period is from 1 year to 2 years for the diseases of kidney stones and appendicitis.
The third waiting period is 3-4 years, and it applies to pre-existing diseases. The good news is that when you switch to a new insurer, your waiting period does not start from the beginning. It starts where you left it with the previous insurer.
Suppose you have completed the waiting period of 2 years for a pre-existing disease that has a total waiting period of 3 years. Then, you need to complete the waiting period of only one year.

Give correct details about your medical health

Hiding your medical history when you make a porting request to the new insurer can be a mistake. Your new insurer may or may not make you undergo a medical test. In case you have been suffering from any chronic illness or severe comorbidities, your porting request may be rejected. Because in such medical cases, the threat of hospitalisation and the frequent visits to check-ups or treatment always persists.

Choose a higher sum insured

Obviously, you have decided to port to a new insurer because you are optimistic about new benefits there. Hence, you should try to choose a higher sum insured when you port.

Check Insurer Details

Before you decide to port your mediclaim policies to a new insurer, it might be a good idea to be aware of a few metrics. You should always check for details like discounts being offered, any consumer complaints, company’s empanelled network healthcare providers and the claim settlement ratio. It might also help to check the ratings on the company’s social media handles to understand the overall customer experience.

Hassle-free Claim Settlement Through Care Health Customer App

Care Health Insurance strives to make quality health care accessible to everyone while maintaining a quick and hassle-free claim experience. The Care Health Customer App is an integrated app for all your health insurance needs. You can use this app for claim intimation, fill out a claim form online, upload the necessary claim documents, and track your claim status. Given below is the step-by-step process to file claim intimation using ‘Claim Genie’

Step 1:Open the Care Health-Customer App on your phone.
Step 2:Click on ‘Claim Genie’ on the home screen. Click ‘claim intimation’
Step 3:Select claim type.
Step 4:Select the member and enter all the claim related information.
Step 5:Upload any claim related medical documents.

You can also track the status of the claim, just click on the ‘Claim Tracking’ option on the homepage. The list of active claims will be presented on the screen. Click on “Track Claim” on the relevant claim. The latest claim status will then be displayed on top of the screen. This app can also be used to download the query/settlement letter or approval letter.

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