Policy that covers the medical expenses of an Individual
The insured needs to be between 3 Months - 76 years of age for new Policy and renewal is lifetime.
Age is calculated as on the date the policy is issued ( It will be age completed on last birthday)
You can buy Health Insurance & get tax benefit on the premium paid under section 80D of the Income Tax Act.
You can opt for health insurance even after the age of 60.
You can increase the sum insured only at the time of renewal of the insurance policy, subject to company approval.
You can get reimbursement for pre- and post-hospitalization medical expenses incurred towards the ailment/ disease for which hospitalization was medically necessary prior to hospitalization and after discharge.
Pre-existing disease means a disease or a condition existing in a person before the acceptance of the risk by Insurance Company. The insured or a person buying the policy may or may not be aware of these conditions.
A waiting period is the length of time the insured may have to wait before being eligible for Health Policy benefits.
You get up to 10% cumulative bonus for every claim-free year accumulating up to 50% in some policies.
You can save up to 25 percent by comparing plans offered by different companies