- About Coverfox
Are you worried about your rising medical bills? Do you think it will be difficult for you to take care of your family’s hospitalization costs? It is okay to think about such questions. Now, you can easily buy health insurance online. To help you with the same, we, at Coverfox, will take care of all of your health insurance needs.
Be it the pandemic era or normal, how can you not think about your health? Accidents or illnesses do not come announced, and living a healthy lifestyle does not protect you from a medical emergency!
If not at a young age, then you definitely need a health plan when you are old. Why do you want to deplete your hard-earned savings on medical expenses? You might as well buy the best health insurance plan today for a better tomorrow.
Here are five reasons you must buy health insurance:
A health scheme provides comprehensive cover for you and your entire family. It includes the cost of in-patient, medical, doctor’s fees, health reports, diagnostics, out-patient department, and pre/post-hospital-related expenses.
Medical expenses are rising, not everyone has the financial capacity to access quality healthcare. If you are one of them, you should buy a medical plan.
An unhealthy lifestyle can take a toll on your health. Rising pollution, long working hours, increased stress and anxiety are your health’s no. 1 enemy.
You get tax benefits. Premiums paid towards a health insurance plan are eligible for tax deduction under Section 80D of the Income Tax Act, 1961.
You can get mediclaim online starting at Rs. 350* / month on Coverfox.
The right question should be why not Buy Health Insurance Online? With Coverfox, you can not only buy but compare health insurance and renew the best family health insurance plans in India from top health insurers in under 5 minutes.
Plus, you can avail of multiple discounts on the best health insurance policy at the click of a button. You will never have to visit the bank branch again.
Tired of looping in physical documents? Worry not. The entire process of buying a health plan is paperless and hassle-free on Coverfox. Once you purchase your favorite mediclaim insurance online, your entire policy document will be delivered to your inbox instantly.
In addition, we offer 100% free claims assistance for all our policy buyers. So what are you waiting for? Get the best health plan online from top health insurance companies in India today!
To help you with the same, we have created a step-by-step guide on buying the right medical plan for yourself.
Just follow these steps and we will do the rest.
Step 1 - Visit the official website of Coverfox.
Step 2 - Select the health insurance tab under the insurance menu.
Step 3 - Fill in your details such as gender, number of people you want to insure and pincode of your locality, mobile number and email.
Step 4 - The tab will automatically display a list of top 10 recommended health plans along with their respective quotes.
Step 5 - You have the option to increase your coverage in place of buying a new health plan altogether.
Step 6 - You can also buy separate health policies for you and your parents.
Step 7 - Once you have selected the right plan, select the Buy Now option.
Step 8 - Make the payment online via your preferred mode.
Step 9 - Congratulations, you have successfully insured your health. The policy details will be sent to your email shortly.
To help you with the same, you can easily view features and prices of top 10 health plans in India on a single page. From premium rate to cover, inclusions to exclusions, all of the details are provided to you at the click of a button. Get smarter - buy now on Coverfox.
If you are still confused about buying a health insurance plan, simply submit your phone number and our expert will call you soon.
In addition, you can get value-added benefits on Coverfox such as:
Save on time: Buying a health plan on Coverfox saves up on the effort of meeting an agent and time on understanding complex terms and conditions of a policy. With information available at the click of a button and from the comfort of your home/office, you can check everything related to your needs and get yourself insured easily.
Availability of information: All crucial information related to your health insurance policy is available online (policy wording and documents can also be downloaded for free). There is no chance that your agent can hide or forget to share any information with you.
Comparison of health insurance plans and Insurance Providers With the help of web insurance aggregators and online brokers such as Coverfox, you can easily compare mediclaim policy for family and their insurance providers and then select a plan which suits your needs without burning a hole in the pocket.
Premium Calculator: Tools such as an online health insurance premium calculator is readily available on Coverfox. This makes it extremely convenient for you to calculate the amount of premium to be paid and efficiently plan their budget accordingly.
Reduced Premium Amounts: Insurers offer a variety of discounts and a lower premium in case you buy a health insurance policy online. Since the agents are eliminated in this process, the company now can offer a lower premium rate in order to get insured individuals onboard and retain them.
Expert and Unbiased Advice: We offer expert advice and an informed, unbiased opinion that clears the confusion and helps you buy that perfect health plan for you and your family.
Post Sales Service: We have a dedicated team of service managers who assist you with all your post-sale requirements - from claims processing to renewals!
There are different types of health insurance plans in India. Each plan is unique with its own set of features and benefits. Here is a list of the most popular types of medical insurance policies:
Individual and Family Plan: As the name suggests, an individual health insurance plan provides cover for a single person only. Health insurance plans for family provide cover for you and your entire family. Both of these plans cover medical expenses which can be pre and post hospital related expenses.
Senior Citizen Plan: This is a health plan designed specifically for senior citizens, individuals above the age of 60 years. As per IRDAI guidelines, each insurer must provide cover up to the age of 65 years.
Maternity Plans: A maternity health insurance plan provides coverage for maternity and other additional expenses. These policies take care of both pre- and post-natal care, and delivery of baby i.e. normal or cesarean deliveries.
Hospital Daily Cash: Hospital daily cash provides a certain sum of money for every day in the hospital.
Critical Illness Plans: These payout plans provide cover against a specified list of disease/illnesses.
Group Health Plans: Group health plans are mediclaim plans which are provided by the employer to the employees.
Fixed Health Insurance Plans: A fixed health insurance plan provides coverage in the form of a lump sum amount upon diagnosis of a certain illness/disease specified by the plan.
Due to the ongoing Covid-19 pandemic, the Government of India and Insurance Regulatory and Development Authority of India have recently launched the Arogya Sanjeevani Plan on 1st of April 2020.
This plan provides a standard cover between Rs. 1 lakhs to 5 lakhs including expenses arising out of COVID-19. The plan can be purchased with a minimum premium of Rs. 1914 p.a. It covers the following:
To begin with, let us understand what premium is all about. A health insurance premium is the annual cost of the insurance plan. It is the cost of providing health cover (an amount you pay to buy your coverage).
For example, suppose you buy a new health insurance policy for Rs. 1500 per year for a cover of Rs. 5 lakhs. As per this plan, Rs. 1500 is the premium amount which you have to pay every year and Rs. 5 lakhs is the financial cover you get by paying Rs. 1500 as premium for a single year.
Here are a few factors that affect your health insurance premium
You can calculate the health insurance premium for your plan with the help of an online health insurance premium calculator. This is how the calculator works:
You can always add the following riders to your base health plan at the cost of additional premium. These riders enhance the benefit offered by your existing medical cover. Hence, they are an ideal buy.
Maternity Benefit: Provides cover for childbirth and newborn baby.
Critical Illness: Provides cover against a list of critical illnesses.
Personal Accident: Provides cover against accidents.
Waiver on Room Rent: Covers room rent charges in a hospital.
Hospital Daily Cash: Provides cash for daily expenses in a hospital.
Super Top-up: Provides additional cover over the existing sum insured.
AYUSH Treatment (also known as alternate medical treatment for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy)
Here is a complete list of general exclusions which are not covered under any health insurance plan:
War or any act of war, invasion, act of foreign enemy, war like operations
Participation in civil war, public defence, rebellion, revolution, insurrection, military or usurped acts
Engaging or attempting to commit a breach of law with criminal intent
Intentional self-injury or attempted suicide or suicide while mentally sound or unsound
Participation or involvement in naval, military or air force operation
Participation in racing, diving, aviation, scuba diving, parachuting, hang-gliding, rock or mountain climbing of a professional or semi-professional nature
Abuse of tobacco, intoxicants or hallucinogenic substances such as drugs and alcohol
Complications arising out of smoking and treatment of nicotine addiction or alcohol addiction program
Treatment of lifestyle diseases such as obesity and any weight control program
Psychological/psychiatric conditions such sleep-apnoea, Parkinson and Alzheimer’s disease, general debility or exhaustion (“run-down condition")
Congenital external diseases, defects or anomalies
Stem cell harvesting, or growth hormone therapies
Pregnancy (including voluntary termination), miscarriage (except as a result of an Accident or Illness), maternity or birth (including caesarean section) except in the case of ectopic pregnancy
Health issues due to nuclear weapons/materials, chemical and biological weapons, radiation of any kind
Treatment for infertility any fertility, sub-fertility or assisted conception procedure
The provision or fitting of hearing aids, spectacles or contact lens
Treatment taken on Outpatient basis
Sterility, treatment whether to affect infertility, surrogate or vicarious pregnancy, birth control, contraceptive supplies or services including complications arising due to supplying service
Treatment and supplies for analysis and adjustments of spinal subluxation, diagnosis and treatment by manipulation of the skeletal structure or for muscle stimulation by any means except treatment of fractures (excluding hairline fractures) and dislocations of the mandible and extremities
Circumcisions (unless necessitated by Illness or Injury an forming part of treatment); treatment for correction of vision due to refractive error, aesthetic or change-of-life treatments of any description such as sex transformation operations
Plastic surgery or cosmetic surgery or treatments to change appearance unless necessary as a part of Medically Necessary Treatment certified by the attending Medical Practitioner for reconstruction following an Accident, cancer or burns
Experimental, investigational or unproven treatments, devices and pharmacological regimens
Vaccination including inoculation and immunisations (Except post bite treatment)
Preventive care, any physical, psychiatric or psychological examinations or testing if doesn’t required Hospitalization; enteral feedings (infusion formulas via a tube into the upper gastrointestinal tract) and other nutritional and electrolyte supplements, unless certified to be required by the attending Medical Practitioner as a direct consequence of an otherwise covered claim
Admission primarily for diagnostic purposes not related to Illness for which Hospitalization has been done and Conditions for which In patient Hospitalization is not warranted
Non-Medical expenses such as charges for admission, discharge, registration, Items of personal comfort and convenience including but not limited to television (wherever specifically charged for), charges for access to telephone and telephone calls (wherever specifically charged for) , foodstuffs (except patient‘s diet), cosmetics, hygiene articles, body care products and bath additive, barber or beauty service, guest service as well as similar incidental services and supplies, and medical supplies including elastic stockings, diabetic test strip, etc
Charges related to a Hospital stay not expressly mentioned as being covered, including but not limited to, administration, documentation and filing
Any Convalescence, cure, rest cure, sanatorium treatment, rehabilitation measures, private duty nursing, respite care, long-term nursing care or custodial care
Treatment rendered by a Medical Practitioner which is outside his discipline or the discipline for which he is licensed; treatments rendered by a Medical Practitioner who is a member of an Insured Person’s family, or stays with him
Any Claim arising due to Non-disclosure of Pre-existing Illness or Material fact as sought to be declared on the Proposal form
Dental Treatment and surgery of any kind, unless requiring Hospitalization.
Any treatment or part of a treatment that is not of a Reasonable and Customary charge, not Medically Necessary; treatments or drugs not supported by a prescription
Expenses for Artificial limbs, crutches or any other external appliance and/or device used for diagnosis or treatment (except when used intra-operatively)
Vitamins and tonics unless vitamins and tonics are certified to be required by the attending Medical Practitioner as a direct consequence of an otherwise covered claims
HIV/STDs/AIDS - Venereal disease, sexually transmitted disease or Illness
The primary reason why most of the population of India is not insured is due to the lack of awareness. At Coverfox, we make sure that you are well educated and learned about health insurance plans. Here are three reasons why individuals select a low cover:
People rely heavily on their group plan provided by his/her employer. Lack of awareness. They purchase health insurance only as a tax-saving tool.
A complete medical health insurance plan is perfect for you and your family. A family health plan will provide better cover for all the members of your family at the cost of affordable premium.
Every health insurance plan comes with a waiting period. Pre-existing diseases are only covered after the waiting period is over. The waiting period is usually between 24 to 48 months except for the claims arising due to an accident.
What is the Process for Claim Settlement?
In case of an emergency, you need to contact your health insurance provider immediately and intimate a claim. You can select either of the two options - Reimbursement or Cashless.
What are the Documents Required for Buying a Medical Insurance Policy?
Proof of Age: Acceptable documents are Birth Certificate, PAN Card, Voter’s ID, Driving License, Passport, School or College Certificate, etc.
Photo Identity Proof: Aadhaar Card, PAN Card, Driving License, Passport, Voter’s ID, etc.
Proof of Address: Acceptable documents are Ration Card, Telephone Bill, Electricity Bill
KYC details such as Passport, Voter’s ID, Bank A/C Statement, etc.
Proof of Income: Salary Slip, Employer’s Certificate, Form 16, etc.
Medical Checkup: If asked by the insurance company
Passport Size Photograph x2
Who is Eligible for Health Insurance/Medical Insurance?
The minimum entry age varies between 18 years and 21 years. The maximum entry age varies between 60 years and 100 years, with the flexibility of renewal being extended to whole life.
Dependents: Spouse, children and parents are referred to as dependents of the insured. The entry age for children starts from 90 days till 18 years or 25 years, depending on insurers.
Renewable: Health insurance policies can generally be renewed for the entire life.
Difference Between Health Insurance and Other Plans
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Which is the best health policy in India? Here is a list of top health insurance plans in India with the details of the insurer, sum insured and network hospitals. You can easily buy, compare and renew them on Coverfox.
|Plan Name||Network Hospitals||Sum Insured|
|SBI Arogya Premier Policy||6000+||Rs. 10 lakhs to Rs. 30 lakhs|
|Star Health Family Health Optima Health Insurance Plan||9900+||Rs. 1 lakh to Rs 25 lakhs|
|Royal Sundaram Lifeline Supreme Health Plan||5000+||Rs. 5 lakhs to Rs. 50 lakhs|
|Care Health Plan||7400+||Rs. 4 lakhs to Rs 6 crores|
|Max Bupa Companion Individual Health Plan||4500+||Rs. 3 lakhs to Rs. 1 crore|
|ManipalCigna ProHealth Plus Insurance Plan||6500+||Rs. 2.5 lakhs to Rs. 1 crore|
|Bajaj Allianz Health Guard Plan||6500+||Rs. 1.5 lakhs to Rs. 50 lakhs|
|Aditya Birla Activ Assure diamond Plan||6000+||Rs. 2 lakh to Rs. 2.5 crore|
|Health Insurance Company||Percentage Incurred Claim Ratio 2018-19|
|Aditya Birla Health Insurance||59%|
|Bajaj Allianz Health Insurance||85%|
|Bharti AXA Health Insurance||89%|
|Cholamandalam Health Insurance||35%|
|Digit Health Insurance||11%|
|Edelweiss Health Insurance||115%|
|Future Generali Health Insurance||73%|
|HDFC ERGO Health Insurance||63%|
|IFFCO TOKIO Health Insurance||102%|
|Kotak Mahindra Health Insurance||47%|
|Liberty Health Insurance||82%|
|Max Bupa Health Insurance||54%|
|ManipalCigna Health Insurance||62%|
|National Health Insurance||107.64%|
|New India Assurance Health Insurance||103.74%|
|Oriental Health Insurance||108.8%|
|Care Health Insurance||55%|
|Raheja QBE Health Insurance||33%|
|Royal Sundaram Health Insurance||61%|
|Reliance Health insurance||14%|
|Star Health Insurance||63%|
|SBI Health Insurance||52%|
|TATA AIG Health Insurance||78%|
|United India Health Insurance||110.59%|
|Universal Sompo Health Insurance||92%|