• Bankbazaar health insurance

    Health Insurance

    Premiums as low as 10/day for
    coverage of 5 lakhs
    Know more about Plans from Health Insurance companies
    10,000+ hospitals for cashless treatment
    Conditions apply, subject to Insurer's discretion
    rated 4.0/5.0 by 4610 users

    Overview of Plans from Medical Insurance Companies:

    Insurance provider
    Coverage
    Pre and post hospitalization expenses cover
    Co-pay
    Renewability
    Pre-existing disease cover
    Network hospitals
    Incurred Claim Ratio*

    Key factors to consider before buying Health Insurance

    Co-pay

    Co-pay is a fixed percentage of the hospital bill you will have to pay when you make a claim, while the balance will be paid by the insurance company. For e.g. If your policy has a 10% Co-Pay clause, it means for a Rs 1,000 claim, you have to pay Rs 100 while the insurer will pay Rs 900. Ideally, opt for a "no co-pay" plan so you don't have to shell out for every claim.

    Waiting Period for Pre-existing Diseases

    Pre-existing diseases are classified as diseases/conditions that a person has before buying health insurance. All pre-existing diseases aren't covered from day one of buying the policy. The time taken to cover pre-existing diseases will vary from plan to plan. Check the amount of time taken to cover pre-existing diseases in your plan.

    Lifelong Renewable

    The duration of coverage is the most important factor in buying a health insurance policy. Your health is most likely going to deteriorate only in your sunset years so ensure that your coverage is lifelong and not for a few years. Always go for a plan that can be renewed lifelong.

    Room Rent

    Your room preference during hospitalization matters (such as shared room, private room or private room with high-end facilities). A costlier room means you'll pay higher treatment and hospitalization charges! It's better if your plan has a higher room rent limit per day.

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    Your Premium for Health Insurance is determined by

    01
    Your current age

    Lower premium for younger buyers.

    02
    Members included

    The premium depends on the number of insured members.

    03
    Room preference

    Your room preference during hospitalization matters (such as shared room, private room or private room with high-end facilities) Remember costlier room means higher treatment charges too!

    04
    Pre-existing medical condition

    Your premium will depend on any pre-existing medical conditions.

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    Smart buying tips for your Health Insurance

    01
    Assess Your needs

    You can't choose your relatives. Luckily, you can decide which family members to include in your health insurance policy. The second important thing is your room preference during hospitalization such as shared room, private room or private room with high-end facilities.

    02
    Extra-Coverage for Critical Illness

    A smart health insurance policy is one that covers you for bolts out of the blue - medical expenses for critical illnesses like cancer, stroke etc.

    03
    Know Your Budget

    Consider your budget in order to avoid a huge premium. Don't pick all the options available under the insurance policy. This will eventually increase your premium amount. So tighten your purse strings sensibly.

    04
    Read the Fine-Print

    The devil is in the details. Always read the "Terms & Conditions" of the policy i.e. features that are not covered under the policy. Make it a point to ask for sample policy wordings. With the in-depth knowledge about certain definitions, terms & conditions, exclusions and offered benefits, you'll always be the smarty-pants who's one step ahead.

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    Health Insurance is Rated as " Great!" by 4610 Users
     4.0 / 5.0   by 4610 users
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    Health Insurance BYTES FROM OUR KITCHEN

    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.

    Read Health Insurance news or Enjoy it on the go Google Play

    • HDFC and Apollo Munich in merger talk

      HDFC has started discussions for a merger with Apollo Munich Health Insurance following its strategy to pursue inorganic growth. Interestingly, ERGO, the joint venture partner of HDFC is also partner of the Munich Re group.

      In the joint venture between Apollo and Munich Re, the former holds 51% stakes while the latter represents 49%. It has been reported that HDFC has held multiple meetings with the representatives from Apollo to discuss about a purchase of stakes. The talks are currently in the preliminary stages. If the discussions bear fruit, the company will be structured as a merger and Apollo will retain stakes in the organisation. Neither HDFC nor Apollo has confirmed anything on the matter.

      21 February 2018

    • Modicare will make the country the largest drug manufacturer: Union Minister

      Ananth Kumar, the Union Minister for Chemicals and Fertilisers, said that the Ayushman Bharat Yojana announced in the Union Budget 2018 is likely to make India the biggest drug manufacturer on a global scale. He was inaugurating an international conference in Bengaluru at the time.

      The minister said that the new scheme will introduce major reforms in the drug price control order. Subsequently, the market size of pharma and medical devices industries is likely to be doubled in the upcoming 5 years, he stated.

      As the scheme rolls out, the medical devices sector and pharma industry will be looking to expand their capacity and leverage the production of affordable devices and drugs to abide by the requirements of the programme. Kumar also has a discussion with executives from the medical devices and pharma industries and challenged them to create a roadmap that provides quality healthcare facilities at affordable costs to all throughout the nation.

      20 February 2018

    • Ayushman Bharat Yojana will bring about ‘paradigm shift’ in health industry: Prime Minister

      Honourable Prime Minister, Narendra Modi, said that the Ayushman Bharat Yojana that offers affordable health insurance to 50 crore individuals in the country is a one-of-a-kind initiative. The programme is likely to bring about a ‘paradigm shift’ in the health insurance industry. The PM was addressing a public rally after he laid the foundation stone of the Tomo Riba Institute of Health and Medical Science in Arunachal Pradesh.

      Modi asked the state government to attract private investments in the health sector. He also said that the New Delhi-Naharlagun Express will be renamed as Arunachal Express and the frequency of the train will be improved. He also highlighted the Central Government’s efforts in curbing corruption, stressing on direct bank transfer scheme. He is expected to visit Tripura to address campaign rallies later on.

      19 February 2018

    • Centre and states to discuss on the implementation of the government’s health insurance scheme

      A group of senior officials from the Central and state governments will meet to discuss about the implementation of the National Health Protection Scheme (NHPS) that was announced in the Union Budget 2018. The meeting is likely to take place in Delhi and is tentatively scheduled for 16 March or 19 March.

      The NHPS will offer insurance coverage with sum insured of Rs.5 lakh to 10 crore poor families. The launch of the programme will most likely be on independence day or the birth anniversary of Mahatma Gandhi, 2 October. NITI Aayog and the health ministry are the main drivers behind the programme.

      The states are expected to contribute 40% of the total cost of the scheme on an annual basis. This could be the area where issues crop up. The decision on providing extra funds to help states will solely be at the discretion of the Finance Ministry. Another decision that will be taken at the meeting will be the type of model adopted for the scheme, i.e., whether it will be trust-based or insurance-based.

      18 February 2018

    • Government’s health insurance scheme will be implemented in 2018: Finance Minister

      The Central Government’s National Health Protection Scheme (NHPS) that was announced in the Union Budget 2018 will be implemented towards the end of 2018, said the Finance Minister, Arun Jaitley. The plan offers medical insurance protection of up to Rs.5 lakh to 10 crore families on an annual basis.

      Jaitley allocated an amount of Rs.2,000 crore for the Ayushman Bharat health plan that he described as the largest government-backed healthcare programme in the world. This scheme targets to provide health insurance to 50 crore people in the country. The minister said that Rs.2,000 crore was the initial funding that went into the project; more funds will be set aside, going forward. The premium for availing health coverage under the scheme is expected to be very low.

      Jaitley said that NITI Aayog will liaise with the states for sharing the expenses for the project.

      15 February 2018

    • Realistic pricing needed for government’s health insurance plan: BS Insurance Round Table

      The panelists at the Business Standard Insurance Round Table 2018 unanimously agreed that the government’s National Health Protection Scheme (NHPS) requires actuarial pricing that will make it sustainable for the long haul. The NHPS initiative was announced by the Finance Minister during his budget speech of 2018-19.

      Under this programme, 500 million individuals or 100 million families can avail health insurance coverage of Rs.5 lakh for premiums ranging from Rs.1,000 to Rs.1,200 annually per family.

      Actuarial pricing helps in determining premiums by focussing on total losses that stem from underwritten risks. It helps in making an almost accurate estimation of the future cost of insuring a segment of policyholders. The price determined this way helps in attracting customers, giving them adequate coverage, and providing profits to the company.

      The panelists analysed the plan further and concluded that other challenges such as effective healthcare facilities, risk management, detection of fraud, and value delivery additionally affect the sustainability of the scheme.

      14 February 2018

    • Health Minister says Modicare will be tech driven

      Union health minister, JP Nadda, said that technology will be used for the implementation of the National Health Protection Scheme (NHPS) that was unveiled in the Union Budget this year. This is expected to ensure complete transparency of processes. The scheme will offer medical cover of up to Rs.5 lakh for more than 10 crore families.

      Although private hospitals will be roped in, the Centre will lay down the norms of operations. Under NHPS, the Central government will first look to strengthen the infrastructure and services offered by government hospitals in the country before engaging private players. Additionally, the government looks to regulate input costs so that all customers are treated well. In line with this, the government will prepare uniform standards for healthcare, life-saving processes, regulations, and hospital grading.

      The health minister said that in the upcoming months, new hospitals will be included in the scheme and the Centre will grade them according to the services offered. The implementation of a separate body to run the scheme is also expected.

      Additionally, the Centre is liaising with the states to understand whether existing health insurance schemes in the states can be subsumed or synchronised with the NHPS.

      13 February 2018

    • Maharashtra health insurance plan covers more people than Modicare

      The Central government’s health insurance scheme announced in the Budget is expected to offer protection to 40% of the population of the state of Maharashtra. In comparison, the state government’s existing scheme covers 75% of the population. The Centre is looking to merge the health insurance schemes of the states with the Central government’s programme.

      The state government of Maharashtra is expected to generate its share of funds for the implementation of the Centre’s scheme. This has come at a time when the officials of the state were negotiating premiums with insurers for the expansion of scope of the state’s health insurance programme, the Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY).

      The MJPJAY scheme includes coverage for 971 procedures at the payment of an annual premium of Rs.690 per family. Although the government looked to increase the coverage, the high premium quoted by insurance companies put the plan on hold. The state government is waiting for further details from the Centre before taking the necessary steps.

      12 February 2018

    • India’s poorest to receive a health insurance cover of up to Rs.5 lakh

      In the Union Budget 2018, Finance Minister Arun Jaitley revealed a health insurance cover of upto Rs.5 lakh per household. The cover will include 10 crore families and will be a part of the ambitious National Health Protection Scheme. Hospitalisation and treatment for both secondary and tertiary health care will be covered under this scheme that is being dubbed as the largest government-funded healthcare scheme in the world.

      The stocks of private insurers like ICICI Lombard, SBI Life Insurance, New India Assurance, etc. rose after this announcement. Another initiative called the Ayushman Bharat was also announced in the budget speech by Arun Jaitley. The programme will comprehensively cover maternity and child health related services. To aid these schemes, 24 new medical colleges and hospitals will be set up in the country. An amount of Rs. 1,200 crore was allocated for the establishment of 1.5 lakh health centres.

      10 February 2018

    • Benefits on health insurance augmented in Budget 2018

      In an endeavour to bring more people under the insurance spectrum, the Indian government, in its Union Budget 2018, expanded the provisions of the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJY). The PMJJY scheme is a life insurance scheme backed by the government, aimed at providing cover for people aged 18-50 years at a yearly premium of Rs.330. The PMSBY operates on the same lines but covers people aged between 18-70 years and an annual premium of Rs.12. Both these schemes are linked to bank accounts opened under the Pradhan Mantri Jan Dhan Yojana. The government hopes to cover almost all poor households in India including the Scheduled Castes and Scheduled Tribes, by extending the coverage.

      9 February 2018

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    Customer Reviews

    • ICICI Lombard Health Insurance
      "Got it with my Loan"
      0.5 4.0/5 "Great!"
      I have been paying Rs.4000 as an annual premium for this health insurance. They are offering me a coverage of Rs.1 Lakhs in it. I took it as an add on along with my Loan and felt the Insurance to be quite a good one to have. The overall experience with it has been good.
      Was this review helpful? 0
      , goa
      Reviewed on Feb 22, 2018
    • Oriental Insurance Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      Around 2 years ago , I have got the health insurance policy from the ORIENTAL INSURANCE. This policy covers 4 members in my family. This policy has the medical coverage amount up to 2 lakhs. The customer support service and the response is better with the ORIENTAL HEALTH INSURANCE POLICY.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 22, 2018
    • SBI General Health Insurance
      "Good policy to hold"
      0.5 3.0/5 "Satisfactory"
      I had my health insurance with SBI General Health Insurance. I had this health insurance 1.5 years ago but till now I do not had any claims so far with them and the coverage limit for this policy is 3 lakhs which covers me and my family members. Company paid half of the premium and I paid the remaining half.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 22, 2018
    • Royal Sundaram Health Insurance
      "Good Coverage"
      0.5 4.0/5 "Great!"
      I recently took a SBI credit card and along with it I got the additional optional option of taking this Insurance. I like the Insurance and decided to take 2 schemes from them. I have been paying Rs.6000 as an annual premium and the total coverage that I would be getting is Rs.6 Lakhs (i.e. 2 Rs.3 Lakhs coverages) for 4 people. I haven't received details about my second Insurance yet.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 22, 2018
    • National Insurance Health Insurance
      "Its good health coverage policy"
      0.5 5.0/5 "Blown Away!"
      National has good hospital facility, they are recommending high profile hospitals with cash less treatment. I make premium around Rs. 4500 per year. Its covers only for me. Medical sum assured Rs. 1.5 lakh, I hope they are providing pre existing disease as well.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 20, 2018
    • HDFC Ergo Health Insurance
      "Good insurance"
      0.5 5.0/5 "Blown Away!"
      My health insurance was offered by the company from HDFC Ergo. The policy coverage was around 3L for annually. They have a good networks of hospitalizations. The customer service was good. I got the insurance papers on time. It is a free policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 20, 2018
    • United India Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I got the UNITED INDIA INSURANCE health insurance policy around 4 months ago. This policy covers 2 members in my family. I have got the medical coverage up to Rs,3,00,000 from this UNITED INDIA INSURANCE health insurance policy. I never got any claim experience with this policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • Max Bupa Health Insurance
      "Good Protection for Health"
      0.5 4.0/5 "Great!"
      Max Bupa gives the medical cover around Rs. 2 lakhs its covers only for me. I paid around Rs. 2500 as premium amount for one year. They do have tie up with good hospital. I hope Max Bupa is providing tax benefits and no claim bonus on the health policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Religare Health Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      RBL gave me the Health insurance from Religare , without my knowledge they have charged me Rs. 3000 of premium, for the tenure of one year. Religare premium was converted into EMI. Religare gave me the medical cover around Rs. 1.5 lakh with cash less treatment facility and they got tie up around 1000 hospital in India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Star Health Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have paid Rs,8000 to get the health insurance policy from the STAR HEALTH & ALLIED INSURANCE company. This policy covers 3 members in my family and it gives the medical coverage of Rs,3,00,000 and I never had any claim experience so far and I have got this policy around 5 months ago.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 20, 2018
    • Royal Sundaram Health Insurance
      "Best insurance policy"
      0.5 5.0/5 "Blown Away!"
      I have taken Health Insurance with Royal sundaram.The premium amount is is 2500,the policy coverage is five lakhs,24 hours hospitalization. for any kind of claims.The payments is done online.I have no claim experience and cashless treatment is covered 95%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • Bajaj Allianz Health Insurance
      "Best insurance policy"
      0.5 5.0/5 "Blown Away!"
      I have taken Health insurance with Bajaj allianz,the premium amount is not paid my me as its offered by the company.The policy coverage is six lakhs including the family members.This is covered mediclaim as well as health insurance.The policy was taken two years back and no claim experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
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