Compare Health Insurance

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. 

 

How Does Health Insurance Work

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. 

 

How to Choose the Right Health Insurance Policy

There are certain important factors to keep in mind when choosing the right health insurance policy. 

Age

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.

Income and Occupation

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. 

Amount of Coverage Needed

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. 

Check the Policy for Pre-existing Illness Cover

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. 

 

Types of Bajaj Health Insurance Policies Available on Finserv Markets

The following are some of the Bajaj Health insurance policies available on Finserv Markets.

Individual Health Insurance

This health insurance plan offers the following benefits to individual policy holders:

  1. Sum assured of up to 50,00,000.
  2. Reinstatement benefit.
  3. Ayurvedic or homeopathic hospitalisation.
  4. Maternity benefit.
  5. Organ donor benefit.
  6. Pre and post-hospitalisation coverage.
  7. Free health check-up.
  8. Ambulance charges.
  9. Daily cash benefit.
  10. Cumulative bonus.
  11. Cataract Surgery cover.
  12. Newborn cover.

Family Health Insurance 

This is a complete family health insurance cover that will take care of two or more individuals in a family including the following benefits: 

  1. Reinstatement benefit.
  2. Organ donor benefit.
  3. Convalescence benefit.
  4. Free health check-up.
  5. Maternity and newborn benefit.
  6. In patient hospitalisation expenses.
  7. Post hospitalisation expenses.

Bajaj Extra Care Plus

The Bajaj Extra Care Plus is an additional cover to existing health insurance which provides a wider coverage. 

The advantages of this plan include: 

  1. Wider range of sum assured.
  2. Covers an age group ranging from 91 days to 80 years.
  3. Emergency road ambulance cover.
  4. Coverage of some day care procedures.
  5. Free health checkup.
  6. Air ambulance cover.
  7. Pre 60 days and post 90 days hospitalisation cover.
  8. Income tax benefit.

 

Factors to Consider Before Buying a Health Insurance Policy

The following are some of the aspects to be kept in mind before choosing the right health insurance policy:

Individual or Family 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. 

Add-On Features That Could Be Opted For

Bajaj Health Insurance available on Finserv Markets have various add-on features that are available as per the requirements of you and your family. 

Awareness of the Applicable Sub-Limits

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.

Policy Inclusions and Exclusions

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. 

The Claim Settlement Procedure

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. 

Health Insurance Calculator

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.

Eligibility Criteria for Health Insurance in India

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.

Documents Required for Application

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.

 

General FAQs

1. How can premiums for Bajaj Health Insurance Plans be paid?

Premiums for Bajaj Health insurance can be paid on Finserv Markets easily online through a hassle free payment process.

2. How can you check the status of the health insurance plan?

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. 

3. Is cashless facility available with Finserv Markets?

Yes. Cashless facility is available at the hospitals which are covered under the preferred provider network. 

4. How can I find out if a hospital in my city is under the preferred provider network for Bajaj Health Insurance available on Finserv Markets?

A list of member hospitals is readily available on the official website of Finserv Markets.

Our Pursuit, Your Happiness

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!