- About Coverfox
A comparison of health insurance policy can be difficult, we completely understand. That is why we have created our platform which specializes in making insurance simple for you. There is no point in comparing something of which you know nothing about. With Coverfox on board, just sit back and relax. Let us do the hard work for you.
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Do you have 5 minutes? Well, that’s all it takes to compare medical insurance on Coverfox. Here are the steps to compare health insurance on Coverfox:
At Coverfox, we will help you compare the best health insurance plans for you and your family. To help you with the same, we have created a list of things you must consider while comparing.
It is advisable to compare health insurance plans on the basis of the following crucial factors:
What is a fixed benefit health insurance plan? - A fixed health plan takes care of two major expenses such as hospital room charges as well as the entire cost of the surgery. But, these plans do not pay the expenses that include pathology, radiology, and medical consultation.
Without compromising on the renewal benefits, can the existing health insurance Plan be transferred to another insurer? - Yes, the process of transferring the prevailing health insurance plan from an existing insurer to a new insurer is termed as portability.
According to the circular issued by The Insurance Regulatory and Development Authority (IRDA), from 1st October, 2011, the insurance companies are directed to permit portability from one insurance company to another and from one plan to another, without the insured having to lose the renewal benefits for pre-existing illnesses, enjoyed in the preceding policy.
What documents are required for buying a health plan? - You need to submit your basic KYC documents (proof of ID and Address) along with a medical report and proposal form.
What is waiting period? - Waiting period is the number of days in which the health plan does not cover for pre-existing diseases. It ranges from 24-48 months.
What is a cumulative bonus? - Certain insurers provide the feature of cumulative bonus in their health plans. Under this feature, the sum insured is increased every year at the same premium in case of nil claims.
Here is the list of top-selling health insurance plan in India for 2020 along with the maximum coverage offered:
|Health Plan||Cover Provided Max|
|Star Health Senior Citizen Health Plan||Rs. 25 Lakhs|
|Aditya Birla Active Diamond Assure||Rs. 2 Crores|
|Royal Sundaram Lifeline Supreme||Rs. 50 lakhs|
|HDFC ERGO - my: Health Suraksha||Rs. 75 Lakhs|
|Care Health Plan||Rs. 6 Crores|
|Max Bupa Health Companion||Rs. 1 Crore|
|Universal Sompo Essential Privilege||Rs. 10 lakhs|
|ManipalCigna ProHealth Plus Insurance Plan||Rs. 50 Lakhs|
|Star Health Family Optima||Rs. 25 Lakhs|