You need health cover regardless of what you take two at a time - pills or stairs.

People who Definitely Need Health Insurance

There are many Indians who certainly require health insurance. They include employees of companies in cities, working women, students, homemakers, senior citizens, etc. These sections of people shouldn’t avoid buying health insurance.

We Indians are very frugal with our money, and we don’t spend on just anything. Our regular expenditures are categorized and planned out in such a way that they minimize wasteful spending and impulse purchases. We don’t fall easily for advertising and we’re purely a value-conscious consumer base. But our frugality has led us to marginalize one very important purchase – health insurance.

Here’s why the following groups of Indians need health insurance and why they should not avoid spending on this important cover:

  • Corporate Employees in Big Cities:

    Most corporate employees in the country have health insurance cover through a group plan purchased by their employer. While most of the group insurance policies are really great, there are some really bad plans that companies buy just to fulfil their obligations. Group plans offer no customization options and almost no family coverage. Because of this, a lot of Indians employed in the corporate sector have their own individual health insurance plans in addition to the cover provided by the company’s group policy.

    Another benefit of having your own individual health insurance policy, even as a corporate employee, is that you can get one to cover exactly what you want covered. This doesn’t mean customized premium payments or coverage time, it means that since most health insurance policies don’t cover everything, it’s a good practice to talk to your insurer and either have your specific condition covered, or find a plan (among the hundreds on offer) that meets your specific coverage needs.

    Don’t underestimate the need for a health insurance policy in the big city – it’s where you’re most likely to fall ill thanks to the ever-growing level of pollution and sheer number of people who could be carrying any number of diseases. Falling sick is a given fact – you will fall sick if you live in a big city, but you have the opportunity to have most of your medical expenses reimbursed through an awesome insurance policy.

  • Working Women:

    A growing breed in India, working women have reduced financial stress in their respective households and contribute in a large way to the development of India’s massive economy. As such, they expose themselves to a lot more pollution and are susceptible to a lot more diseases than their male counterparts.

    There are so many more potential health problems for women that health insurance companies have launched plans specifically designed to provide additional coverage for women. There are certain health issues that affect women only, and these plans make it easy to get the right coverage at the right time – and all at affordable premium rates.

  • Housewives / Stay at Home Moms:

    Housewives have, and always will be, the backbone of this country. While it’s true that, traditionally, men have been given the opportunities to go out there and get work done, it’s their wives that kept a hot meal waiting at home. Without this, empty shells would be walking around trying to balance work, cooking, cleaning and literally everything else that keeps life going.

    The only health insurance cover that most housewives in India have is off their husband’s health insurance policy (usually group insurance), which often doesn’t provide coverage for women-specific ailments and diseases. When you consider the fact that housewives don’t directly bring in any money for the household, and if they fall sick it’s going to be a big hit on savings, it becomes clear why it’s so important to insure this person under a comprehensive health insurance policy. This is quite a safe bet, as they aren’t as exposed to the elements, pollution, and germ-carriers as working women. That’s not to say they’re completely safe – illness can strike at any time and any place so it’s important to stay insured against losses that could arise out of this.

  • Students:

    A massive demographic of uninsured people that need it the most. Usually, students have health insurance coverage which is a part of either parent’s workplace insurance policy. It’s important to note that most group health insurance policies don’t cover policyholders in case of medical expenses arising out of accidents. According to recent studies, a majority of road accident cases that result in hospitalization involve students. Students are more exposed to pollution and potentially germ-carrying people, as a huge part of the student experience involves walking the Earth and meeting new people.

    Individual health insurance policies are the best and safest way to keep your entire family covered against a potential financial disaster if anything should happen. This is another non-earning member of the family, and hence an individual policy just for this person wouldn’t be as financially sound a decision as covering him/her under an individual policy taken by the head of the family.

  • Senior Citizens:

    On the other end of the spectrum, we have senior citizens – the demographic that benefits the most among all the others with a good health insurance policy. After you reach retirement age, you can’t work even if you want to. This means that you’ll have no income, and will survive on your life savings like so many seniors are doing right now. Old age is the time when the human body is most susceptible to disease and injury, which means that it’s almost a certainty that you’ll spend some time in the hospital.

Now it’s your choice whether you want to pay for your hospitalization or have an insurance company pay for it. Obviously, you’d want an insurer taking care of your medical bills – but what if I were to tell you that it’s nearly impossible to get a good health insurance policy if you’re over the age of 50? It’s true. The younger you are, the easier it is to get a good health insurance policy. You won’t have to take a battery of medical tests and your premiums will be lower as well. It’s important to get a health insurance policy which has lifetime renewability – which means that the terms on which you’ve taken the policy won’t change. You won’t have to pay any extra as you get older, and you won’t have to take any uncomfortable medical tests which determine your eligibility to take on a policy.

According to a recent survey in Mumbai, the cost for treating even minor illnesses has risen by over 400% in the last 3 years alone. These price hikes for everything from consultation charges to room rent to medical tests / scans and even medicine have happened subtly and without the general public’s knowledge. Taking a health insurance policy is one of those things you absolutely need to do right now. You don’t know how and when illness will strike, but at least you can be prepared to meet the cost of treatment, which is only ever on the rise.

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.

People who definitely need Health Insurance Reviews

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  • United India Health Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy in the year of 2018 and the the premium has been deducting from my salary. The premium amount has not been too high and there has been many hospitals collaborated within my locality. There has also been some cashless treatment available with this policy as well.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 17, 2019
  • Star Health Health Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have my health insurance with Star health insurance, i had claim experience with it, my experience was good, they have good tie up with my hospital and they have mailed me about the location of it, and i am happy with there service, they have charged me premium amount on yearly basis, and the premium amount is nominal for me, and i use to pay through on line mode.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 17, 2019
  • Max Bupa Health Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have taken my health insurance with Max BUPA , i have not opt there policy yet and i use to pay premium on monthly bases , and it use to get auto debit from my account and while i applied for health insurance customer service had explained me about all procedure , so far the process went smoothly and it good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 17, 2019
  • Max Bupa Health Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I got the health insurance with Max bupa health insurance, there service is good, they have charged me premium nominal ,and the premium is on yearly basis, and they have tie up with many hospital , and had shared the details via mail, and i pay premium amount through on line mode.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 17, 2019
  • HDFC Ergo Health Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I got the health insurance with HDFC Ergo, they got tie up with many hospitals, and they have shared me location on those hospital in mail, and they have charged me nominal premium amount ,they have charged me up to 17000-18000 as premium, it is on yearly basis, and i use to pay the premium on an on line basis.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • SBI General Health Insurance
    "Bad experience"
    0.5 1.0/5 "Really Bad"
    I got the health insurance with SBI, they got tie up with many hospitals. I Felt the medical cover its less and i am not happy with there support team ,like if i want to call the customer care there number would not be reachable and they use to mail me PDF after paying premium amount,it would not get open, they have charged me premium amount on yearly basis,i have bad experience with this bank.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jan 16, 2019
  • HDFC Ergo Health Insurance
    "Very good benefits"
    0.5 5.0/5 "Blown Away!"
    I have a health insurance from HDFC ERGO which was purchased by me in the year of 2018 because the benefits are very good. The claim process was simple and they have more number of hospitals for cashless. I have paid 18,800 for one year and took 3 years policy for myself and my wife. The medical coverage is 10L for myself and 5L for wife.
    Was this review helpful? 2
    , bangalore
    Reviewed on Jan 14, 2019
  • HDFC Ergo Health Insurance
    "Good"
    0.5 3.0/5 "Satisfactory"
    I have taken health insurance from HDFC Ergo which was offered along my personal loan. I have received the insurance paper and its been couple of months. It covers critical illness and need to go through the policy benefits. Always the customer is good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 14, 2019
  • Tata AIG Health Insurance
    "Great company"
    0.5 5.0/5 "Blown Away!"
    I have taken health insurance from tata aig. I did take health insurance from tata aig for my parents and The Process was so simple. Customer representative is good. The customer service and response was on time, never had any issues. Now I feel safe for my family Thank you tata aig.
    Was this review helpful? 0
    , solapur
    Reviewed on Jan 12, 2019
  • ICICI Lombard Health Insurance
    "Good Health insurance provider"
    0.5 3.5/5 "Pretty good"
    This policy was part of my employment, I took the medical coverage of Rs. 5 lakhs for the tenure of one year, this medical benefits for my entire. They have good networks of hospital with major disease cover. But I think it doesn't have no claim bonus.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 11, 2019
  • Reliance General Health Insurance
    "On time approval with reliance"
    0.5 4.0/5 "Great!"
    For my spouse operation I used the health policy, I approached them for the claim through hospital. I submitted the form and they send the papers to the Reliance insurance company. I got the cash less treatment, but I paid some amount which was not covered. But they gave me the on time approval.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jan 11, 2019
  • Cigna TTK Health Insurance
    "On time service"
    0.5 5.0/5 "Blown Away!"
    On time Cigna TTK have activated the policy which provided by the company, the policy which I hold it has the coverage of Rs. 4 lakhs its covers for me. They are providing coverage for the pre existing with the tax benefits but there is no claim.
    Was this review helpful? 0
    , dandeli
    Reviewed on Jan 10, 2019
  • Cigna TTK Health Insurance
    "Its Good"
    0.5 5.0/5 "Blown Away!"
    In Cigna TTK, they are providing pre existing disease cover, but they don't have no claim bonus features. The response is good they have good customer care working 24/7 , the medical coverage is good for me and entire family. They have many hospital which they got tie up in Mumbai.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 10, 2019
  • Apollo Munich Health Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken this insurance policy a while back and i had been paying the premium amount on an annual basis. The premium method has been convenient and the premium amount has not been high. There has been many hospitals covered in my locality and their customer support has also been helpful.
    Was this review helpful? 2
    , pune
    Reviewed on Jan 09, 2019
  • ICICI Lombard Health Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    My organization has provided me a health insurance with ICICI Lombard. I have not claimed anything from this policy. My entire family has been covered in this policy. They have given me a coverage value of Rs. 3 lakhs. This is a cashless policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 09, 2019
  • Star Health Health Insurance
    "Good"
    0.5 4.0/5 "Great!"
    My company has offered a health insurance from Star Health with the coverage of 1L, its for the family, Still I have not used the policy and am gone utilize the policy within 15 days for my family.They covers a major disease. I have called the customer service and the response is good. I am planning to go for reimbursement, they do have minor network of hospitals for cashless. I can recommend after completing my claim.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 09, 2019
  • National Insurance Health Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    My company has provided me a health policy from National insurance with the coverage of 2L. It is for the family members and no claim. I never contacted the customer service. Every year it was renewed by the company. They have limited networks of hospitals for cashless. It does not cover only eye problems, if we got admitted in hospital for 24hrs then applicable for claim.
    Was this review helpful? 0
    , pondicherry
    Reviewed on Jan 09, 2019
  • ICICI Lombard Health Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have taken a health policy from ICICI Lombard by last month. They have offered the policy based on my credit card experience. They have charged 10,800 rupees as a premium per annum. The policy period us 3 years. Am satisfied with the policy benefits. The customer service is excellent and they have explained well.
    Was this review helpful? 0
    , pondicherry
    Reviewed on Jan 09, 2019
  • Apollo Munich Health Insurance
    "Good medical cover with Apollo"
    0.5 5.0/5 "Blown Away!"
    I got the medical cover of Rs. 3 lakhs its covers for my four persons, they got tie up with major hospital. I don't have any medical card but if I want to go for claim. There is a person who coordinate for Tata employee. They do have cash less treatment.
    Was this review helpful? 1
    , mumbai
    Reviewed on Jan 09, 2019
  • Star Health Health Insurance
    "Its Good"
    0.5 3.5/5 "Pretty good"
    I have taken the policy personally from my end for my parents. Star Health is providing pre existing disease cover, and major disease cover like heart disease and they do have no claim bonus. Senior citizen plan is good for the elders it has the medical coverage value around Rs.3 lakhs.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 09, 2019
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