In Mumbai, one can take care of their medical expenses by buying health insurance from top insurers such as HDFC Ergo, Future Generali India Insurance, Care Health Insurance, TTK Health Insurance, Apollo Munich, and so on.
Health insurance policies enable you to meet medical expenses. A health insurance policy covers hospitalization for more than 24 hours, nursing care, surgeries, consultation fees, diagnostic tests, hospital accommodation etc. You can avail these policies by paying a certain amount of money to the insurance company, in the form of premiums.
There is a constant rise in the number of health problems in Mumbai - one of the busiest and most populated cities in India. Health disorders such as diabetes, hypertension, tuberculosis, malaria, dengue and heat disorders are affecting its inhabitants greatly. Deaths caused by diseases like tuberculosis are reported to be very high. Research conducted by NGOs finds that one in every six deaths is caused by tuberculosis. Hence, the need for medical assistance is very pronounced in Mumbai, adding to the huge demand for insurances companies to compensate large medical bills.
Medical inflation has added to residents' living costs. Cost of quality healthcare is only expected to rise in coming years. Mumbai, touted as one of the most expensive cities in the world, can expect health costs to be a major part of residents' budgets thus making health insurance an absolute necessity. Fortunately, being a hub of economic activity in India, insurers are only too happy to service this burgeoning demand for health insurance policies.
Mumbai has a considerable number of top insurance companies functioning in the city.
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.
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