Complete Health Insurance
Critical Illness Policy
Group Health Insurance
Group Personal Accident
Personal Accident Insurance
What is Health Insurance?
Health insurance is your gateway to a stress-free life, whether you are in excellent health, managing a chronic condition, or dealing with recurring ailments. It covers a range of expenses, from medical treatments and hospitalization to doctor consultation fees, ensuring you receive top-notch medical care without straining your finances.
Why is Health Insurance Essential?
In today’s world of medical breakthroughs, diseases once deemed incurable are now being effectively treated with advanced techniques. Regular health practices, such as check-ups, full-body scans, and monitoring vital health metrics, have also evolved significantly.
However, these advancements come with a steep cost. The expenses for medical care, surgeries, and treatments for chronic conditions have surged dramatically, making health insurance a necessity to safeguard against financial strain. Below is an insight into the various medical procedures that can take a toll on your budget.
How to Choose the Right Health Insurance Plan
Pre & Post-Hospitalization Coverage
This feature covers medical expenses incurred before hospitalization, such as consultations and diagnostic tests related to the illness or treatment. It also covers post-hospitalization costs, including follow-up treatments and medications, for a pre-determined number of days after discharge.
Hospitalization Expenses
Covers costs for treatments requiring hospitalization for more than 24 hours. This typically includes room rent, medication, diagnostic tests, and doctor’s consultation fees.
ICU Charges
Provides coverage for per-day expenses in the Intensive Care Unit (ICU), including charges for ventilators, specialized monitoring equipment, and certain critical medications for a pre-approved duration.
Pre-existing Disease Coverage
Offers treatment for pre-existing conditions after a waiting period specified in the policy, usually ranging from 2 to 4 years.
Medical Check-ups
Many plans include complimentary medical check-ups and treatments at regular intervals as per the terms of the policy.
Ambulance Costs
Covers the expenses of emergency transportation to the nearest hospital, ensuring access to life-saving care with all necessary ambulance facilities.
Difference Between Employee Benefit Products and Individual Insurance Products
Health Insurance
| Feature | Group Insurance | Individual Insurance |
| Coverage | Customizable as per employer needs | Standard |
| Premium | Negotiable | Standardized |
| Age Limit | Set by the employer | Determined by insurance company |
| Maternity Benefit | Covered from day one | Covered after a waiting period of 2-3 years |
| Pre-existing Diseases | May be covered from day one | Covered after a 2-4 year waiting period |
Accidental Insurance
| Feature | Group Insurance | Individual Insurance |
| Coverage | Tailored to employer requirements | Standard |
| Premium | Negotiable | Standardized |
| Family Floater Option | Yes | No |
| Medical Extension | Yes | No |
Term Life Insurance
| Feature | Group Insurance | Individual Insurance |
| Coverage for Suicide | Can be covered from day one | Covered after one year |
| Premium | Negotiable | Standardized |
| Minimum Group Size | Required | Not applicable |