Compare, Buy & Renew Health Insurance Plans at Quickinsure

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HEALTH INSURANCE
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WHAT IS HEALTH INSURANCE?

• Health Insurance plan is an insurance that covers
  the cost of your medical, dental, and surgical
  expenses incurred by the insured. The insurance
  serves as a reimbursement for the insured person
  who has incurred expenses because of any injury
  or illness. 
• Health insurance will safeguard you against
  financial losses by offering proper coverage for
  medical emergencies. The best health insurance
  companies insurance covers the following
  expenses
• Expenditure incurred during pre and post
  hospitalization
• Psychiatric support
• Annual health check-ups
• Maternity related expenditures
• Critical illnesses

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Why do you need health insurance?

• If you think that you are young, dynamic, and
  absolutely healthy and that you do not need
  health insurance, then go through this section
• Mental health issues on the rise With all the
  chaos, stress, and negativity around, the mental
  health of many gets badly affected. Mental health
  issues are on the rise, and things are getting
  out of hand because of a lack of attention and
  proper treatment. As per the records of
  2017, about 224 million people experience
  hypertension issues.
• Expensive healthcare facilities Inflations in
  the healthcare industry are making treatments
  exceedingly expensive. Treatments for health
  conditions like angioplasty and coronary surgery
  can go as high as Rs. 3 lakhs. Without a proper
  health insurance plan, it isn't easy to get
  quality treatment at reputed health centers.
• Uncertain times, thanks to pandemics like
  Corona The global infrastructure is crippling
  because of COVID. Health insurance can help you
  tackle any such pandemic, at least on the
  financial grounds.
• Youths vulnerable to severe diseases like
  Cancer Cancer is affecting youths across the
  globe. Know that treatment for such severe health
  conditions can be pretty hefty.
• Lifestyle issues The sedentary lifestyle of
  youths forces them to be hospitalized, thereby
  raising the expenses.

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Types of Health Insurance

• Family floater health insurance  Such plans
  ensure that a single sum can be made available to
  all the individuals under just one policy.
• Individual health insurance  This insurance
  policy covers the treatment expenditure of a
  single person
• Health insurance for senior citizens  These
  insurance plans can be availed by individuals
  above the age of 60 years and are designed to
  cater to the medical expenses of aged people
• Health insurance for maternity issues  Pre and
  postnatal medical expenditures are taken care of
  under maternity insurance plans. 
• Critical illness  Such insurance plans offer
  coverage to the extensive medical bills generated
  because of a life-threatening disease.
• Group health insurance  -  Such plans are
  generally preferred by companies for their
  employees. 
• Top-up health insurance  If the expenses for
  your treatment have increased over time, you can
  go for a top-up insurance policy over your
  already existing one. 

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Eligibility Exempted Limit
SelfFamily (Spouse and Children) Up to 25,000 INR
Self FamilyParents(Below 60 years) Up to 25,000 25,000 50,000 INR
SelfFamily (Eldest member below 60 years)Parents (Above 60 years) Up to 25,000 50,000 75,000 INR
SelfFamily (Eldest member above 60 years)Parents (Above 60 years) Up to 50,000 50,000 1,00,000 INR
Do you know that buying health insurance can also
lead to tax benefits?

• We all work really hard to earn our living, and
  it is no crime if we look for some tax saving
  options. Getting health insurance is indeed a
  great move to enjoy tax benefits. As per Section
  80D of the Income Tax, the policyholder or
  his/her parents can claim tax benefits on the
  annual premium. Here is a detailed break-up of
  tax exemptions

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Are you afraid of the complicated jargon? Let us
simplify things for you!

• Here are some terminologies that you will come
  across multiple times to decide about buying a
  health insurance policy. We always believe in
  maintaining complete transparency, and hence,
  this list simplifies and breaks down the
  complicated terminologies for you
• Cumulative bonus In case you do not have to make
  any health insurance claim throughout the year,
  your insurer will automatically hike the insured
  sum. Keep in mind that no extra premium will be
  charged in this situation. We call this increase
  as a cumulative bonus.
• Sum insured Sum insured is the maximum amount
  your insurer can offer to you in a particular
  year.
• Pre-hospitalization expenses Medical bills that
  get incurred before you get admitted to any
  hospital are known as pre-hospitalization
  expenses.
• Waiting period This is the period where you need
  to wait before starting to use any of the health
  insurance benefits.
• Pre-existing disease This terminology refers to
  any illness that you had before buying your
  insurance policy. 

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FAQs about Health Insurance

• Q What is PPO?
• Ans A PPO or Preferred Provider Organisation is
  a kind of medical arrangement wherein medical
  facilities and treatments are offered to the
  subscribed clients at reduced rates.
• Q What is deductible health insurance?
• Ans Basically, under this plan, the policyholder
  must pay before the insurance company commences
  with the pay-up. The insurance company will make
  the payment only after the claimed amount has
  exceeded the deductible. For instance, if the
  claimed amount is, suppose, Rs 40,000 and the
  deductible of your policy is Rs 30,000, then know
  that the insurance company will pay Rs 10,000 to
  the policyholder. 
• Q What does a Mediclaim policy for family cover?
• Ans It will offer insurance coverage for you,
  your spouse as well as your children.
• Q How to buy health insurance for parents?
• Ans There are numerous health insurance plans
  available for elderly parents above the age of 60
  years. You can also try purchasing a family
  floater Mediclaim policy as it will include your
  parents' medical expenses.

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