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  • Benefits of Health Insurance

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    Cashless Treatment

    Customer Service

    Medical Coverage

    Claim Experience

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    p>In this day and age of rising medical inflation, health scares have unfortunately become a norm rather than an exception. Opting for a health insurance policy, therefore, has become imperative. The health insurance sector is India is complex and growing. Most health insurance policies will cover expenses related to pre and post hospitalization, day care and ambulance charges among others. It is important to note that many insurance providers in the country offer health insurance products which offer a wide variety of benefits beyond cover for hospitalization related expenses.

    Benefits of health insurance:

    The benefits of health insurance are listed below:

    • Online buying facility

      Gone are the days when customers had no other option to buy insurance policies except through agents. Policies can now be easily bought online courtesy specialized insurance brokers who can make a comparative analysis (merits and demerits) of various products offered by different insurance companies for the benefit of customers who can choose the best health insurance plan most suitable to their requirements.

    • Different premium payment scenarios

      Hitherto, the premium payments structures most health insurance policies in India were, by and large, the same. However, many companies such as Bharti AXA and Star Health among others have set up a ‘Zone based premiums’ for towns and metros. Consequently, health insurance policies are costlier in metros compared to towns given the higher medical expenses which may be incurred in the former.

    • Coverage

      In the recent past, insurance companies are providing a wide range of products to cater to all kinds of requirements. For instance, many health insurance companies are increasingly offering family floater policies which provide cover to the entire family under a single umbrella. As a result, family members share the sum assured and can therefore, avail of the benefit in case of any untoward occurrence within the policy term.

    • Renewal

      As opposed to traditional health insurance policies which had a fixed age limit, many current policies entail greater flexibility in terms of renewal in that customers can now renew their coverage at any time throughout their lives.

    • No claim bonus

      In the recent past, insurance companies are increasingly offering their customers higher amounts of no claim bonus as a strategy to retain them. Some insurance providers are offering a ‘no claim bonus’ for up to 100 % of sum insured.

    • OPD expenses

      While according to traditional health insurance products, customers have to be hospitalized for at least 24 hours to claim reimbursement, the current insurance providers provide cover for outpatient department (OPD) expenses as well. As a result, the insured do not necessarily have to be admitted into a hospital to avail of the benefits. As of now, Star Health and ICICI Complete health provide health insurance covering OPD expenses.

    • Restoration

      In some health insurance policies, the sum insured is reinstated if the insured exhausts the coverage amount in a year. For instance, the restoration benefit can also be used in cases where an insured has to bear expenses for any medical condition which is different from the condition for which a claim was made.

    • Maternity cover

      In this day and age, several health insurance providers are offering maternity cover as opposed to traditional insurance companies. Major companies such as Star Health and Max Bupa among others even provide cover for vaccination expenses of the new-born.

    • Sub-limits

      Experts have asked customers to have a clear picture of sub-limits before signing up for a health insurance policy. Most traditional policies entail a sub-limit such as cap on doctors’ fees, boarding or room rents and other charges related to operation theatre, latest policies offered by insurance providers such as Tata AIG and Apollo Munich do not have such sub-limit clauses.

    • Cashless hospitalization services

      Several leading insurance providers in the country have a network of hospitals which can offer cashless hospitalization services for the benefit of customers. Customers, therefore, do not have to unduly worry about immediate cash requirements in case of any emergencies. In several cases, the third party administrators pays the bill to the hospital or institute.

    • Tax benefits

      Policyholders can avail of some tax benefits under section 80D (deduction for premium paid in addition to separate deduction for buying policies for parents who are senior citizens) and 80DD of the Income Tax Act 1961. In all, a policyholder can avail of tax benefit of up to Rs.55,000 under section 80D. The sum insured is not considered as ‘income’ and therefore, exempt from tax. However, several conditions have to be met to claim deduction as listed below:

      • Policyholder should either be HUF or individual
      • Payment of premium by any other means except in the cash mode
      • Payment proof
    • Portability

      Policyholders can now avail of a facility wherein they can switch their current insurance policy to another insurance provider seeking higher quality of services and benefits on offer.

    GST rate of 18% applicable for all financial services effective July 1, 2017.

    Disclaimer: Premiums may vary depending upon factors like age, location and prevailing taxes/GST.

    Benefits of Health Insurance Reviews

  • Page 1 of 32 1 2 3 4 5
    • Star Health Health Insurance
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Star health is good in the health insurance policy. The medical coverage is good. It is for my family and I and fortunately I had not had a claim experience til date. The premium is normal and there are good benefits too. There is a no claim bonus too.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Sep 06, 2018
    • Reliance General Health Insurance
      "Good policy"
      0.5 2.5/5 "Just OK"
      I took health insurance from Reliance insurance . This policy covers Cashless hospitalization. , pre diseases coverage . Overall am satisfied with customer care and service. This policy covers benefits of rs 1lakhs . Overall am satisfied with this policy as its been paid by Company
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 06, 2018
    • Religare Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken health insurance , am satisfied with the premium amount which am making . I am getting benefits of Cashless hospitalization and pre disease cover . Even they listed the network of hospital . Their customer representative explained the policy . Overall am satisfied with this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 05, 2018
    • HDFC Ergo Health Insurance
      "BEST POLICY "
      0.5 5.0/5 "Blown Away!"
      I have chosen this health insurance mainly because of convincing premium benefits . This policy covers Cashless hospitalization. , pre diseases coverage . Overall am satisfied with customer care and service. Am getting income tax benefits and the premium amount which am paying is satisfied , Am making the payment through online
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 05, 2018
    • Oriental Insurance Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      From Oriental health insurance i have taken health insurance , am satisfied with the premium amount which am making . I am getting benefits of Cashless hospitalization and pre disease cover . Even they listed the network of hospitals . Their customer representative explained the policy . Overall am satisfied with this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 04, 2018
    • HDFC Ergo Health Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I took health insurance from Hdfc ergo Am satisfied with the premium amount which am making the payment , i don't have claim experience . But this policy hold benefits of cashless hospitalization and network of hospital. Their customer explained the policy very well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 04, 2018
    • Royal Sundaram Health Insurance
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      I took health insurance from Royal sundram insurance . I have choose this insurance mainly because of convincing premium with too many benefits . This policy covers Cashless hospitalization. , pre dieases coverage . Overall am satisfied with customer care and service. Am getting income tax benefits This policy covers benefits of rs 3 lakhs where the money gets auto debited monthly rs 600 from the account.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 04, 2018
    • HDFC Ergo Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken health insurance form Hdfc ergo .Am satisfied with the premium amount which am making the payment yearly . Their customer representative explained the benefits and features of the policy . They have given the list of network hospitals and health card also. This policy covers cashless hospitalization and pre disease coverage . I make the payment through net banking .
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 25, 2018
    • HDFC Ergo Health Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have chosen this health insurance from Hdfc ergo mainly because of convincing premium benefits . This policy covers Cashless hospitalization. , pre diseases coverage . Overall am satisfied with customer care and service. Am getting income tax benefits and the premium amount which am paying is satisfied , Am making the payment through online
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Aug 25, 2018
    • National Insurance Health Insurance
      "BEST POLICY"
      0.5 5.0/5 "Blown Away!"
      I have chosen this health insurance mainly because of convincing premium benefits . This policy covers Cashless hospitalization. , pre diseases coverage . Overall am satisfied with customer care and service. Am getting income tax benefits and the premium amount which am paying is satisfied , Am making the payment through online
      Was this review helpful? 1
      , mumbai
      Reviewed on Aug 22, 2018
    • Star Health Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I took health insurance from Star health insurance . I have choose this insurance mainly because of convincing premium with too many benefits . This policy covers Cashless hospitalization. , pre diseases coverage . Overall am satisfied with customer care and service. Am getting income tax benefits
      Was this review helpful? 2
      , coimbatore
      Reviewed on Aug 22, 2018
    • Religare Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      From Religare health insurance i have taken health insurance , am satisfied with the premium amount which am making . I am getting benefits of Cashless hospitalization and pre disease cover . Even they listed the network of hospitals . Their customer representative explained the policy . Overall am satisfied with this policy.
      Was this review helpful? 1
      , new delhi
      Reviewed on Aug 22, 2018
    • review Health Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've health insurance policy with the IFFco Tokyo. I am paying a premium of 8000as Joining fee. The policy is for entire family. The annual coverage of the policy, 15-20 Lacs. So far in terms of the policy benefits it is a recommendable policy to have.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 16, 2018
    • review Health Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a health insurance policy with the Aditya Birla health Insurance Co. I am paying a premium of 4000, this policy is only for me as I have employer provided group medi-claim for the entire family. I do have a claim experience with the policy where I availed a cashless hospitalization benefits of 2 lacs.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 13, 2018
    • United India Health Insurance
      "Good "
      0.5 5.0/5 "Blown Away!"
      I have a corporate insurance from United India Insurance. It is a health policy and it is for my family and I. Though I have no used the policy, the benefits are good, they have given me the medical cards and also the medical coverage is good. The net work of hospitals are good too.
      Was this review helpful? 1
      , guwahati
      Reviewed on Aug 09, 2018
    • HDFC Ergo Health Insurance
      "Features are good"
      0.5 4.0/5 "Great!"
      My health insurance is with HDFC Ergo. The process to get this policy is good. The customer support is good too. I have taken a family floater and the medical coverage is for four lakhs. The premium is nominal too. There are good benefits in the policy. The tenure is for two years.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 01, 2018
    • ICICI Lombard Health Insurance
      "They must inform the terms and conditions properly"
      0.5 2.0/5 "Expected more"
      In my office, they have provided the health insurance. I'm not interested on this health insurance. Its not at all useful and they are deducted the unnecessary charges for that. I don't have any claim experience so far. I don't know the benefits of the policy. I can use the card in many of the hospitals.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 26, 2018
    • Royal Sundaram Health Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have my health insured with Royal Sundaram general insurance from last 3 months, it is a family health policy with the coverage value of Rs 1 lakh per member. I have no claim experience so far with this insurance and i get good tax benefits on this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 20, 2018
    • HDFC Ergo Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have choose this Hdfc insurance mainly because of convincing premium benefits . This policy covers Cashless hospitalization, pre diseases coverage . Overall am satisfied with customer care and service. Am getting income tax benefits and the premium amount which am paying is quiet high , I make the payment through on line.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jul 17, 2018
    • ICICI Lombard Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I took health insurance from Icici health insurance . I have choose this insurance mainly because of convincing premium with too many benefits . This policy covers Cashless hospitalization. , pre diseases coverage . Overall am satisfied with customer care and service. Am getting income tax benefits
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 17, 2018
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