Life can be unpredictable and health-related emergencies can cause a great deal of financial loss to you and your family. Health insurance is a necessity to provide your family with the right back-up plan in times when you need it the most.
There are a variety of health insurance policy plans and service providers available to meet your requirements. It is imperative to ensure that you compare health insurance plans properly in order to make the most appropriate decision between the numerous choices.
Health insurance effectively pays for medical treatment, diagnostic tests, hospital admission, or surgical procedures. A monthly amount has to be paid to the insurance service provider, which is known as premium. In case of medical treatments, emergencies, surgeries, etc., a claim has to be made to the insurance company. Thereafter, the company will assess your claim and once approved, the amount that you spent will be reimbursed.
There are certain important factors to keep in mind when choosing the right health insurance policy.
Your age and the age groups that your family members belong to, plays an important role when you compare health insurance policy. Health insurance plans differ greatly as per the medical profiles of the individuals involved and thus should be understood completely and chosen with due diligence. You should also be aware of the age range which the policy covers.
Your monthly income will define the amount that you have available in hand in order to pay the premium for your health insurance policy. Here, it becomes vital to compare health insurance policies and narrow down on the plan that gives you the best coverage and fits your budget.
Occupation also plays an important role since some companies offer health insurance to their employees and you may not have to purchase it separately.
The amount of coverage that you need from your insurance policy depends on your place of residence and the history of illnesses in your family. Tier 1 cities require a higher amount of coverage to factor in the higher costs of treatment.
The terms and conditions for coverage of pre-existing illnesses differ as per the insurance company. The coverage for certain diseases may be available only after a waiting period of 12 to 24 months as per the plan.
The following are some of the Bajaj Health insurance policies available on Finserv Markets.
This health insurance plan offers the following benefits to individual policy holders:
This is a complete family health insurance cover that will take care of two or more individuals in a family including the following benefits:
The Bajaj Extra Care Plus is an additional cover to existing health insurance which provides a wider coverage.
The advantages of this plan include:
The following are some of the aspects to be kept in mind before choosing the right health insurance policy:
Depending on your requirements, and whether you have dependents, you may have to choose between an individual or family floater policy. Both of these options are available on Finserv markets.
Bajaj Health Insurance available on Finserv Markets have various add-on features that are available as per the requirements of you and your family.
Certain healthcare expenses may not be fully covered as per your policy, such as room rent, doctors' fees, diagnostic test costs, etc. You should be aware of exactly what will be reimbursed by your health insurance policy and what will not be reimbursed.
Different policies have varying terms and conditions regarding what is included and what is not. It is imperative to read the fine print and get a good understanding of what you are covered for prior to choosing your policy.
It is crucial to understand the claim settlement procedure in detail, prior to opting for a particular policy. Needless to say, the process should be as smooth and uncomplicated as possible.
The Bajaj Health Insurance Calculator allows prospective policyholders to calculate the premium amount that has to be paid in just a matter of minutes. It calculates the premium based on the type of plan, the number of dependents, their ages, etc. The health insurance calculate helps you compute the premium enabling you to compare mediclaim policy online.
Health insurance policies in India cover individuals who are at least 18 to 21 years of age. Dependent children can be covered under the policy between the ages of 90 days up to 25 years of age. Senior citizens can make use of a customised cover after the age of 60 years.
Therefore you must check the eligibility criteria when you compare medical insurance plans online.
Applying for a health insurance policy does not require a lot of documentation except for an accurately filled application form. Some policies may require a medical check-up prior to your insurance being approved.
Premiums for Bajaj Health insurance can be paid on Finserv Markets easily online through a hassle free payment process.
It is possible to check the status of the health insurance plan online by logging on to the company's website with your unique ID and password.
Yes. Cashless facility is available at the hospitals which are covered under the preferred provider network.
A list of member hospitals is readily available on the official website of Finserv Markets.