- About Coverfox
30 FLAT SECONDS
It's alarming that merely about one-fifth of Indians have sheltered themselves under health cover. Is it the lack of awareness or general indolence? Let's discover why Health Insurance should be a prominent choice.
With fluctuating ways of life and ever-increasing occurrences of unfortunate accidents and mishaps, Health Insurance isn’t any longer a élite privilege of aging people. The way things are moving, a medical disaster can attack anybody, anytime, regardless of age, gender, and location. From newborn infants to youths to aging parents, medical treatment, and hospitalization plays an essential part while safeguarding the well-being of our loved ones.
Imagine a situation, where you have to shell out all your life-long savings to tackle any emergency hospitalization. Health insurance is nothing but a Messiah in such demanding times. In simple terms, it’s an agreement between you and your insurer who bears your hospitalization and all associated medical expenses as per the terms and conditions you’ve both agreed upon. All this at the cost of an annual premium that you pay to the insurance company.
In line with the recently circulated results of a cross-national analysis on health steered by the National Sample Survey Office (NSSO) in the first half of 2014, the cost of treatment rocketed at a double-digit speed of growth, outstripping normal inflation together in urban and rural India compared to the past decade. As the growing number of patients swarm private health centers and hospitals for consultation and subsequent treatments, they have been confronted with mounting medical bills. The cost of therapy fluctuates considerably across the country.
If you are admitted for treatment in a network or a non-network hospital for more than 24 hours.
Medical expenses including diagnostic reports, medicines etc. for the treatment you are hospitalized.
OPD treatments are not included, but procedures such as cataract and kidney stone removal are covered (even if they don't need 24-hour hospitalization).
For medical and other out-of-pocket costs in case of an accidental injury. In fact, this cover is active from the very first day of policy issuance.
As the brokers are skilled professionals, licensed by IRDA, they are the finest to approach for any insurance needs. Above and beyond, as they deal with diverse insurance products, they are accountable towards providing accurate solutions as per distinct requirements. Their entire business model is to offer essential service to the consumers on priority.
Some insurance brokers like Coverfox.com boasts of exceedingly user-friendly and convenient gateway where even a newbie can access and purchase the insurance policy as per his requisite. The facility to compare and make the correct choice is what they exult in. The ease offered is noteworthy and with such astounding features, why look back?
For the whole kit and caboodle associated with your health insurance policy, you can contact your broker, and they are capable enough to deal with the same. Brokers are accredited to handle the requests on behalf of their customers by dealing with the insurance companies. So, next time you want to move your residence, and if you have bought your health insurance policy through a broker, why fear when the broker is here? A phone call is all it’ll take.
Brokers like Coverfox has a far-reaching Claims Team that handle all queries, concerns related to the claims of their customers. Even before submitting the documentation to the insurance company for claims dispensation, they scrutinize them for accuracy and completion to evade back and forth coordination with the insurance companies. Claims Team Experts are on your side and walks step-by-step with you to settle down the claim.
While there are a lot of health plans available in the market, we have collated a list of top insurance plans below:
|Health Insurance Plan||Age||Type of Plan||Sum Insured||Benefits|
|Religare Care Plan||Children 5 years|
Adults Min- 18 Years Max- No Age Limit
Family Floater Plan
|Rs. 2/3/4/5/7/10/15/20/25/50/60 Lakhs|
|Max Bupa Companion Health Insurance Policy||Children 91 Days|
Adults Min- 18 Years Max- No Age Limit.
Family Floater Plan
|Rs. 2 lakhs to Rs. 1 crore|
|Oriental Happy Family Floater Mediclaim Plan||Children 91 Days|
Adults Min- 18 Years Max: 65 years.
|Family Floater Plan||Silver: Rs. 1 lakh to Rs. 5 lakh, Gold: Rs. 6 lakh to Rs. 10 lakh|
|Star Senior Citizen Red Carpet Plan||Children- N/A|
Adults : 5 Years Min : 60 years Max: 75 years
Family Floater Plan
|Rs. 1 Lakh to Rs. 10 Lakh|
|iHealth Plan||Children in Individual Plan 3 Months- 23 Years|
Family Floater Plan Children- 6 years – 23 Years
Adults Individual Plan Above 18 Years
Adults Family Floater Plan Above 18 Years
Family Floater Plan
|Rs. 2 Lakh to Rs. 10 Lakh|
Still Confused? Get the Experts to Help You Out
Assessing so many health insurance companies against numerous parameters can be as daunting and confusing as it sounds. If you are in a fix and cannot decide the best health insurance company for yourself, it is time to involve experts.
"My first experience with Coverfox was an absolute delight. Their positive response and effective actions changed my opinion of the entire insurance segment. Hope they keep it up!"
"What I’ll never stop being thankful for is the fact that my claim for total loss was settled in such less time. Thank you so much for all the support from your side!"
"Their prompt replies, seriousness about policy deliveries and commitment to their job are just some factors that make Coverfox shine through. But their complete transparency in their calls clearly is the icing on the cake!"
"Having been a customer for over a year, I feel relaxed as far as health insurance is concerned. Their customer service personnel guided me through each step of my process while helping me finding the best plan!"
What are the things to look for while choosing a health insurance plan?
While choosing a health insurance policy there are a few things which you should be consider:
Can I get a single health insurance floater policy which can cover my parents or in laws too?
Yes. There is health insurance plan like Heartbeat family first which covers 14 relations including in-laws and parents.
What are some of the important exclusions under a Mediclaim policy?
There are four important types of exclusions in a Mediclaim policy. These are:
Can I cancel my policy? If yes, will I get my premium back?
Yes you can cancel a policy after you buy it. A free look period of 15 days is provided to you after buying a policy to understand the terms and conditions. In case there is any objectionable clause, you can cancel the policy and get a refund. Stamp duty, expenses on medical check-up and proportionate risk premium (the number of days that the insurance company was at a risk of bearing your health expenses) would be calculated while the premium amount is refunded. Refer the policy termination or policy cancellation section in your policy wording to know the amount that would be refunded.
Note: For a refund, there shouldn't have been any claim during the policy period.
Does a health insurance plan cover maternity?
Health insurance policy is designed to cover unforeseen medical expenses, but a normal health insurance policy does not cover maternity expenses. Coverage for maternity expenses is one of the additional features offered by some of the health insurance plans at a higher premium and waiting period. To know more about maternity health insurance, please read more here.
There's no better way to put this, but the real answer is 'no'. With regulated pricing and premiums set by the IRDA, the prices you see here are the ones you see everywhere (lower prices elsewhere usually mean there's a possibility of hidden charges). The only difference? At Coverfox, we don't look for the cheapest price, we look for the right one.
Online payments can be a major hassle, but not with Coverfox. This is why you don’t need a Credit Card; you can make payments through just Net Banking or your ATM/Debit Card. Unfortunately, we can’t support cash on delivery or cheques, just because we want to keep it online and simple. We do allow for card-on-delivery payment though. But this only works in the case of customers with expired car insurance, where an inspection is required.
You'd get your policy before you finish reading this answer. It's THAT fast. Once you choose your product and make your payment, it’s sent to your inboxes right away. No hard copies, because we are also secret environmentalists. If by any chance there is a delay due to a medical check or an expired vehicle inspection, we promise that you’ll be informed in advance.
With our excellent Customer Service, we make sure that you never have to deal with the insurer personally. We make it that convenient. Our relationship with insurance companies ensures our dedication to every customer! In fact, we offer free claim assistance during emergencies to even those who may not have bought insurance policy from us. After all, Coverfox is simply a phone call away for anyone in need.
Here, we don’t take any sides (apart from yours) when it comes to insurers – in fact, we don’t even ask you for your contact details for comparing various products until you are convinced. You can say that we are always looking out for you – like the friend you call at 4 am - whether it’s finding you the perfect policy or making sure you get only the best deals, we are on your side. As an IRDA approved organization, we are as genuine as they can get.