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Mediclaim Plans starting @ ₹250 / month

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Mediclaim Policy

The cost of healthcare is increasing in India. The yearly cost of universal medicine is expected to be around INR 1,713 per individual. Using branded healthcare supplies and pharmaceuticals can raise this cost by almost 24%. This makes it all more necessary to have a good mediclaim policy as a part of everyone's family health program. This article will go over everything you need to know about mediclaim health insurance plans in India.

What is mediclaim?

A mediclaim can be defined as a type of health insurance plan that reimburses the insured for medical expenditures incurred while treating their health problem. If you have mediclaim insurance, you can send your invoices for reimbursement to the insurance provider. You can also choose cashless care, which puts the insurance provider in a position to settle hospital and medical bills directly with the hospital administration.

Best Mediclaim Policies by Public Sector Insurers

Mediclaim Plans
Sum Insured
Entry Age
National Mediclaim Policy
Rs.1 Lakh to Rs.10 Lakhs
18 to 65 years
National Mediclaim Plus Policy
50 Lakhs
18 to 65 years
National Parivar Mediclaim Policy Plus
Rs.1 Lakh to Rs.50 Lakhs
18 to 65 years
New India Janata Mediclaim
Rs.50,000 to Rs.75,000
3 months to 70 years
New India's Senior Citizen Mediclaim Policy
Rs.1 Lakh to Rs.1.5 Lakh
60 to 86 and above
New India Floater Mediclaim Policy
Rs.2 Lakh to Rs.15 Lakh
Under 18 to 65 years
PNB Oriental Royal Mediclaim Policy
Rs.1 Lakh to Rs.5 Lakh
18 to 65 years
Oriental Bank Mediclaim Policy
Rs.1 Lakh to Rs.5 Lakh
3 months to 79 years

Choose Plan As Per Sum Insured

5 Lakh Health Insurance Cover 10 Lakh Health Insurance Cover 20 Lakh Health Insurance Cover 1 Cr Health Insurance Cover

Best Mediclaim Policy in India

Here are some of the most popular Mediclaim policies available:

1). National Mediclaim Policy

This is an indemnity health insurance policy which offers a sum insured ranging from INR 1 lakh to 10 lakhs on an individual basis.

  • Sum insured: INR 1 lakh to INR 10 lakhs
  • Policy type: Individual
  • Policy term: 1 Year
  • Entry Age: 18 years to 65 years
  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Ayurveda and homoeopathy treatment
  • Daycare treatments
  • HIV / AIDS treatments
  • Organ donor expenses
  • Mental illness treatment
  • Morbid obesity treatment
  • Ambulance charges
  • Refractive error correction

2). National Mediclaim Policy

This is an indemnity medical insurance policy divided into Plan A, B and C with the sum insured ranging from INR 2 lakhs to INR 5 lakhs on individual coverage basis.

  • Sum insured: INR 2 lakhs to INR 50 lakhs
  • Policy type: Individual
  • Policy term: 1 Year
  • Entry Age: 18 years to 65 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Daycare treatments
  • Organ donor expenses
  • Ayurveda and homoeopathy treatment
  • Maternity cover
  • Hospital cash benefit
  • Air ambulance cover
  • Road ambulance covers
  • Medical emergency reunion
  • Nursing care and doctor visit fees during post-hospitalisation
  • Children's vaccination
  • HIV / AIDS cover
  • Modern treatment procedures
  • Mental illness cover
  • Refractive error correction
  • Morbid obesity treatment
  • Medical second opinion cover

3). National Parivar Mediclaim Policy Plus

This is a family floater indemnity health insurance plan with sum insurance ranging from INR 1 lakh to INR 10 lakhs

  • Sum insured: INR 1 lakhs to INR 10 lakhs
  • Policy type: Family floater
  • Policy term: 1,2, or 3 years
  • Entry Age: 18 years to 65 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Domiciliary hospitalisation
  • Daycare treatments
  • Organ donor expenses
  • Ayurveda and homoeopathy treatment
  • Hospital cash benefit
  • Ambulance cover
  • Anti-rabies vaccine covers
  • Maternity cover
  • Infertility treatment
  • HIV/AIDS cover
  • Modern treatment procedures
  • Mental illness cover
  • Morbid obesity treatment
  • Medial second opinion
  • Refractive error correction
  • Pre-existing diseases cover including hypertension (available as an optional cover)
  • Critical illness cover (available as an optional cover)
  • Outpatient treatment (available as an optional cover)

4). New India Janata Mediclaim Plan

This is an indemnity 1-year health insurance plan for people on a tight budget with sum insured options being INR 50,000 and INR 75,000.

  • Sum insured: INR 50,000 and INR 75,000
  • Policy term: 1 Years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • AYUSH treatment
  • Ambulance cover
  • Organ donor expenses

5). Senior Citizen Mediclaim Policy of New India

This is an indemnity medical insurance policy for people above the age of 60 years, offering sum insured options of INR 1 lakh and 1.5 lakhs.

  • Sum insured: INR 1 lakh and 1.5 lakhs
  • Policy type: Individual / Family floater
  • Entry Age: 60 to 80 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Ambulance charges
  • AYUSH treatment
  • Ambulance cover
  • Organ donor expenses

6). New India Floater Mediclaim Policy

This is an indemnity medical insurance policy which offers family floater-based sum insured options from INR 2 lakhs to 15 lakhs.

  • Sum insured: INR 1 lakh and 15 lakhs
  • Policy type: Individual / Family floater
  • Entry Age: Adults: 18 years to 65 years
  • Financially dependent children: 3 months to 25 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Cataract correction treatment
  • Ayurveda, homoeopathy and unani treatment
  • Hospital cash benefit
  • Critical care benefit
  • Ambulance cover
  • Congenital internal disease cover
  • No proportionate deduction (available as an optional cover)
  • Maternity cover (available as an optional cover)
  • Cataract limit revision (available as an optional cover)

7). PNB Oriental Royal Mediclaim Policy

This is an indemnity health insurance policy made for the current accountholders of Punjab National Banka as well as other associated banks.

  • Sum insured: INR 2 lakhs to INR 10 lakhs
  • Policy type: Individual / Family floater
  • Policy tenure: 1 Year
  • Entry Age: Adults: Adults: 18 years to 79 years Financially dependent children: 91 days

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Daycare treatments
  • Organ donor expenses
  • Domiciliary hospitalisation
  • AYUSH treatment

8). Oriental Bank Mediclaim Policy

This is an indemnity family floater health insurance policy made for the current accountholders of Oriental Banks.

  • Sum insured: INR 1 lakhs to INR 5 lakhs
  • Policy type:Family floater
  • Entry Age: Adults: Adults: 18 years to 79 years
  • Financially dependent children: 3 months to 26 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Daily hospital cash benefit
  • Ambulance cover
  • Organ donor expenses

9). Raheja QBE Comprehensive Plan

This is an indemnity health insurance plan which offers a sum insured ranging from INR 3 lakhs to 50 lakhs.

  • Sum insured: INR 3 lakhs to INR 50 lakhs
  • Policy type:Individual/Family floater
  • Entry Age: Adults: Adults: 18 years to 65 years Financially dependent children: 3 months to 25 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Ambulance cover
  • Daily allowance benefits
  • Organ donor expenses
  • Recharge benefit
  • Medical check-up benefit
  • Increase in sum insured benefit
  • Domiciliary hospitalisation
  • Sub-limit waiver (available as an optional cover)
  • 20% co-pay (available as an optional cover)

10). Reliance Critical illness Insurance

This is a fixed benefit health insurance plan which covers 10 critical illnesses and offers a sum insured from INR 5 lakhs to 10 lakhs.

  • Sum insured: INR 5 lakhs to INR 10 lakhs
  • Policy type:Individual
  • Entry Age: Adults: 18 years to 65 years

Coverage:

  • Aorta graft surgery
  • Third-degree burns
  • Multiple sclerosis
  • Major organ transplant
  • Cancer
  • Regular dialysis due to end-stage renal disease
  • Complete blindness
  • Coma quadriplegia
  • Specified severity coma
  • Heart valve repair or replacement

11). Royal Sundaram Lifeline Supreme Health Plan

This is an indemnity health insurance policy which offers insured sum options ranging from INR 5 lakhs to INR 50 lakhs.

  • Sum insured: INR 5 lakhs to INR 50 lakhs
  • Policy type:Individual/Family floater
  • Policy tenure:1,2 or 3 years
  • Entry Age: Adults: 18 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Daycare treatments
  • Ambulance cover
  • Organ donor expenses
  • Domiciliary hospitalisation
  • Sum insured reload
  • AYUSH treatment
  • Animal bite vaccination
  • Critical illness second opinion
  • Emergency domestic evacuation
  • Emergency worldwide hospitalisation
  • International treatment cover for 11 critical illnesses
  • Maternity cover
  • OPD treatment
  • Top-up cover (available as an optional cover)
  • Hospital cash benefit (available as an optional cover)

12). SBI Arogya Premier Policy

This is an indemnity health insurance policy which offers a sum insured ranging from INR 10 lakh to INR 30 lakhs.

  • Sum insured: INR 10 lakhs to INR 30 lakhs
  • Policy tenure:1,2 or 3 years
  • Entry Age: 3 months to 65 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Daycare treatments
  • Ambulance cover
  • Organ donor cover
  • Alternative treatments
  • Domiciliary hospitalisation
  • Maternity cover
  • Healthcare check-up
  • Sum insured reinstatement
  • Cumulative bonus
  • Mental illness cover
  • HIV / AIDS treatment
  • Genetic disorders cover
  • Advanced treatment procedures
  • Internal congenital diseases

13). Star Family Health Optima Plan

This is an indemnity health insurance plan which offers a sum insured ranging from INR 3 lakhs to 25 lakhs on a family floater basis.

  • Sum insured: INR 3 lakhs to INR 25 lakhs
  • Policy type:Family floater
  • Policy tenure:1,2 or 3 years
  • Entry Age: Adults: 18 years to 65 years
  • Dependent children: 16 days to 25 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Modern treatment procedures
  • Daycare treatments
  • Premium instalment facility
  • Domiciliary hospitalisation
  • Organ donor expenses
  • Healthcare check-up
  • Newborn baby cover
  • Emergency domestic medical evacuation
  • Compassionate travel
  • Mortal remain repatriation
  • Valuable service provider treatment
  • Shared accommodation cover
  • AYUSH treatment
  • Second medical opinion
  • Assisted reproduction treatment
  • Extra sum insured cover for road traffic accident
  • Sum insured automatic restoration
  • Cataract surgery
  • Recharge benefit
  • Cumulative bonus
  • Co-payment

14). TATA AIG MediCare Plan

This is an indemnity health insurance policy which offers health insurance coverage ranging from INR 3 lakhs to INR 20 lakhs.

  • Sum insured: INR 3 lakhs to INR 20 lakhs
  • Policy type:Individual/Family floater
  • Policy tenure:1,2 or 3 years
  • Entry Age: 91 days

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Vaccination cover
  • Daycare treatments
  • Domiciliary treatments
  • Second opinion
  • Daily cash benefit for insured child accompanying
  • Daily cash benefit for shared accommodation
  • Health check-ups
  • Hearing aid cover
  • Ambulance cover
  • Bariatric surgery
  • AYUSH treatment
  • In-patient dental treatments
  • Organ donor expenses
  • Accidental death rider (available as an optional cover)

15). United India UNI CritiCare Health Care Plan

This is a fixed-benefit critical illness health insurance policy which offers insured sum options ranging from INR 1 lakhs to INR 10 lakhs.

  • Sum insured: INR 3 lakhs to INR 20 lakhs
  • Entry Age: 21 years to 65 years

Coverage:

  • Permanent limb paralysis
  • Permanent symptoms of motor neurone disease
  • Multiple sclerosis
  • Bone marrow or major organ transplant
  • Permanent symptoms from stroke
  • Kidney failure
  • Specified severity coma
  • Heart valve replacement
  • Coronary artery surgery
  • First heart attack of specified severity
  • Specified severity cancer

16). Universal Sompo Complete Healthcare Plan

This is an indemnity health insurance policy which offers health insurance coverage ranging from INR 1 lakh to INR 50 lakhs.

  • Sum insured:INR 1 lakhs to INR 50 lakhs
  • Policy type:Individual/Family floater
  • Policy tenure:1,2 or 3 years
  • Entry Age:Adults: 18 years to 65 years Dependent children: 91 days to 25 years

Coverage:

  • In-patient hospitalisation expenses
  • Pre-hospitalisation expenses
  • Post-hospitalisation expenses
  • Daycare treatment
  • Domiciliary treatment
  • Organ donor expenses
  • Ambulance cover
  • Accidental dental treatment
  • AYUSH treatment cover
  • Daily cash benefit
  • Vaccination cover
  • Out-patient treatments
  • Convalescence benefit
  • Maternity cover with child care benefit
  • Restore benefit
  • Health check-ups
  • Dail-a-doctor benefits
  • Health educational library
  • Second opinion
  • Specialist consolation with follow-ups
  • Personal accident cover (available as an optional cover)
  • Critical illness cover (available as an optional cover)
  • Hospital daily cash benefit (available as an optional cover)
  • Tiered network treatment (available as an optional cover)
  • Pre-hospitalisation expenses extension (available as an optional cover)
  • Post-hospitalisation expenses extension (available as an optional cover)
  • Modification of maternity cover and childcare benefit (available as an optional cover)
  • Non-medical item cover (available as an optional cover)
  • Restore benefit condition waiver (available as an optional cover)
  • Pre-existing disease waiting term waiver (available as an optional cover)
  • Modification of outpatient dental treatment (available as an optional cover)
  • Emergency travel allowance (available as an optional cover)
  • Weight control expenses extension (available as an optional cover)
  • Infertility and sterility treatment extension (available as an optional cover)
  • Organ donor expenses extension (available as an optional cover)
  • Premium waiver (available as an optional cover)
  • Global cover (available as an optional cover)
  • Medically advised support devices cover (available as an optional cover)
  • Co-payment option (available as an optional cover)
  • Homecare treatments (available as an optional cover)
  • Extra wellness benefits (available as an optional cover)

If you are on the lookout for the best health insurance in India, these mediclaim insurance policies are a great place to start. However, you should keep in mind that the best health insurance policy depends on your coverage requirements as well as your budget. So, you should compare health insurance online in order to get the best deal available. This helps you when you decide to buy health insurance plan.

A Mediclaim Policy Covers

Better Premium Rates
Day-care treatment
In-patient treatment
Individual & Family cover
Hospital treatment expenses due to illness or accident
Cashless treatment at the mediclaim policy provider’s network hospitals
View More +

Top Mediclaim Policy Providers in India

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Carousel plan image
tag
Reliance General Insurer
Amount Covered: ₹ 1 Lakh
Deal Price: ₹ 2,094 / Year
Waiting period: 4 yrs

Mediclaim Policy vs Health Insurance - What Is The Difference?

Based On
Mediclaim
Health Insurance
Cover Offered
Only for hospitalization that includes treatment for accidents & pre-decided diseases with pre-specified limits.
Comprehensive cover against Pre-hospitalization & post-hospitalization charges. Also includes ambulance charges. Offers compensation in cases where there is a loss of income due to an accident.
Add-on Cover Option
No
Yes
Flexibility
No flexibility
Flexibility in terms of premium & respective coverage
Plan’s Features
Vary from company to company
Mostly remain same across all companies
Cover for Critical Illness
No
Yes
Sum Assured Amount
Not more than 5 Lakhs
Exceeds up to 6 CR per year but not more than that
Hospitalization Conditions
More than 24 hrs hospitalization needed
Not needed

Benefits of Having A Mediclaim Policy

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Cost-effectiveness

A mediclaim policy gets you hospital treatment without disturbing your savings

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Cashless Treatment Facility

Cashless hospitalization in all your mediclaim policy network hospitals

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No Financial Stress

A mediclaim policy lowers your financial load during any medical emergencies

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Individual & Family Cover

Mediclaim policy covers you & your family during medical emergencies

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Hospitalization Expenses

A Mediclaim policy covers hospital costs related to accidents or illnesses

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Lifelong Renewal

A mediclaim policy offers lifelong renewability options depending on the policy

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Additional Benefits

A mediclaim policy also covers room rent & ICU charges

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Tax Benefit

Tax benefits availed under section 80D on your policy premium you pay every year

3 Major Types Of Mediclaim Policies How They Work?

Mediclaim Policy For Individuals

This mediclaim policy covers only a single policyholder. This means only one individual can avail benefits of the mediclaim policy. Apart from the single policyholder, no other family member can avail benefits of the mediclaim policy.
Mediclaim Policy For Individuals

Mediclaim Policy For Family

This mediclaim policy covers you & your family; spouse, children & parents. This means the individual along with his or her entire family can avail benefits of the mediclaim policy. You can have a larger cover amount in this type of mediclaim policy.
Mediclaim Policy For Family

Mediclaim Policy For Senior Citizens

This mediclaim policy covers the elder members of your family who are above 60. This type of mediclaim policy is designed especially by considering the medical needs of the elderly members. It’s always wise to have a separate mediclaim policy for Senior Citizens.
Mediclaim Policy For Senior Citizens

Things To Look For Before Buying Mediclaim Policy?

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Individual & Best Mediclaim Policy for Family

Choose a mediclaim policy that covers you & your family for large cover amount

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Cover Amount

Pick a high cover amount mediclaim policy considering the increasing treatment costs

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Copay Clause

You have to share expenses with the mediclaim insurer as per a pre-decided percentage in copay

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Exclusions

A mediclaim policy doesn't cover a few medical expenses. Check what's not covered before buying

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Network Hospitals

Before buying a mediclaim policy one must check the list of network hospitals

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Renewability Time

Choose a mediclaim policy with lifetime renewability option

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Pre-existing Disease

Before purchasing a mediclaim policy, check the waiting period for pre-existing diseases as to when they will be covered

What Does Your Mediclaim Policy Cover?

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Hospital Charges
Hospitalization expenses like xray, medical treatment, oxygen, diagnostics & much more.
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Hospital Room Expenses
A mediclaim policy covers for all your regular ward & ICU room charges.
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Medical Professional's Fees
Surgeon, anaesthetist, doctor, nurse etc. are covered in a mediclaim policy.

Best Health Insurance Plans in June 2023

कोरोना कवच बीमा
कोरोना कवच बीमा
कोरोना रक्षक बीमा
कोरोना रक्षक बीमा
आरोग्य संजीवनी बीमा
आरोग्य संजीवनी बीमा
Individual Health Insurance
Individual Health Insurance
Family Floater Insurance
Family Floater Insurance
Group Health Insurance
Group Health Insurance
Critical Illness Insurance
Critical Illness Insurance
Personal Accident Insurance
Personal Accident Insurance
Maternity Health Insurance
Maternity Health Insurance
Health Insurance for Senior Citizens
Health Insurance for Senior Citizens
Women Health Insurance
Women Health Insurance
Cancer Insurance
Cancer Insurance
Cashless Health Insurance
Cashless Health Insurance

What Your Mediclaim Policy Does NOT Cover?

Pre-existing diseases
Medical conditions within 30 days
Few treatments until waiting period is over
Dental surgeries not requiring hospitalization
Hormonal treatment
Birth control
Ectopic pregnancies
Childbirth complications
Suicide attempts
Congenital anomalies
Drugs or alcohol addiction
AIDS or HIV treatment
View More +

What Documents Do I Need To Buy Mediclaim Policy?

Filled Proposal Form
Passport
Voter ID
Aadhaar Card
Driving License
Address/Identity Proof
Passport Size Photo
Pre-medical Test Reports
View More +
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Buy Mediclaim Policy from top Insurers
Get upto 60% discount

How to Raise Claim For Mediclaim Policy?

You can raise claims in two ways when you have a mediclaim policy. The first one is a cashless claim & the second one is a reimbursement claim. Here's some quick info on the mediclaim policy claim's procedure.

Cashless Claim Procedure For Mediclaim Policy?

Cashless claims make sure that you receive cashless medical treatment at a network hospital as your mediclaim policy. You don't have to pay a single penny at the network hospital for medical treatment.

Steps for Cashless Claims

  • Visit the network hospital listed in your mediclaim policy to avail treatment.
  • Get the pre-authorization form available at the hospital's health insurance desk.
  • Fill the form mentioning all your details with correct information.
  • Get the hospital stamp on the form.
  • The network hospital will send your stamped form to the respective TPA - Third Party Administrator or the mediclaim policy insurer
  • for further approval.
  • The company will carefully examine the form & then approve the medical treatment.
  • After approval, it will send a fax back to your hospital mentioning the cover amount.
  • You can then complete your treatment & provide your signatures on all documents during your discharge
  • After this, your mediclaim policy company will pay your hospital bill amount.

Reimbursement Claim Procedure For Mediclaim Policy?

  • For reimbursement claims, you need to inform your mediclaim policy company about your hospitalization.
  • You can inform the company via email or by simply making a call to your insurance provider's customer care service number.
  • After your treatment is over, gather all your hospital medical documents.
  • Submit all your hospital bills, medicine bills, payment receipts to your mediclaim policy provider.
  • Attach the claim form & the original discharge card along with the bunch of these bills. After this, the mediclaim policy company will review your claim.
  • After approval, the company will pay your reimbursement amount.

Top Rated Mediclaim Insurance Companies in June 2023

HDFC ERGO
HDFC ERGO Health Insurance
Reliance
Reliance Health Insurance
Oriental
Oriental Health Insurance
Royal Sundaram
Royal Sundaram Health Insurance
National
National Health Insurance
SBI
SBI Health Insurance
Liberty General
Liberty Health Insurance
Universal Sompo
Universal Health Insurance
ICICI Lombard
ICICI Lombard Health Insurance
United India
United India Health Insurance
Bajaj Allianz
Bajaj Allianz Health Insurance
IFFCO TOKIO
IFFCO TOKIO Health Insurance
LIC
LIC Health Insurance
Care
Care Health Insurance
Raheja
Raheja QBE Health Insurance
Niva Bupa
Niva Bupa Health Insurance
New India Insurance
New India Health Insurance
TATA AIG Insurance
TATA AIG Health Insurance
Aditya Birla
Aditya Birla Health Insurance
Star
Star Health Insurance
ManipalCigna
ManipalCigna Health Insurance

How To Save Tax By Buying Mediclaim Policy?

  • Save Up To Rs. 75,000 On The Overall Mediclaim Policy
    A Mediclaim policy offers tax benefits where you can save nearly up to Rs.75,000. This falls under the Section 80D of IT Act 1961.

  • Save Up To Rs. 25,000 on Mediclaim Policy Premium
    Buying a Mediclaim policy can get you a deduction of up to Rs. 25,000 every budgetary year on your mediclaim policy premium.

  • Save Extra Rs. 25,000 on Mediclaim Policy For Parents
    If you have a mediclaim policy for your parents, you can claim additional deduction of up to nearly Rs. 25,000/- each budgetary year.

  • Save More Rs. 5,000/- Annually On Medical Check-Ups
    You can also get tax benefits through claims on your preventive medical health check-ups once in a year under the Section 80D of IT Act. This can be up to 5000/- annually.

*The above-mentioned list of benefits are according to the present tax laws in our country. You should reconfirm about these benefits from your mediclaim policy provider.

How To Buy A Mediclaim Policy Online With The Help Of Coverfox?

Buying Health Insurance Policy online through the Coverfox website is quite an easy task. Coverfox gives you detailed insights, on-call customer service & an efficient tech-enabled interface. These factors make your online health insurance buying process quite smooth & easy. We get you expert advice along with an informed, unbiased opinion that will clear all your doubts and help you buy the perfect plan.

Follow the steps given below in order to buy a health insurance policy online with the Coverfox website.

Step 1: Enter full name & select gender.

Step 2: Put in your correct mobile phone number, then click on the option 'view plans' & then select your age.

Step 3: Click 'continue' & then enter your resident city name and its pin code.

Step 4: Select Yes or No if you take any medications.

Step 5: Choose the best health insurance plan from the options that are displayed.

Step 6: Now select and compare the different health insurance plans on Coverfox. You can also choose the personalized plans options.

Step 7: Once you select the plan, you can pay the premium or speak to our customer care representative to take you through different options.

Step 8: Do make an informed decision and pay the premium. Once all the steps are done, the policy will be emailed on your registered email-id.

Once you select the plan which meets your needs with the least amount of premium, you can go ahead and pay the health insurance premium or talk to our customer service to avail of the insurance policy. While it is understandable to choose the policy with the least insurance premium, it is essential to know that various factors can affect your health insurance premium. Some factors influencing the premium of a health insurance policy include lifestyle, family health history, personal medical history, proposer’s age, sum insured etc. These factors are considered before the premium amount is determined. It is important to take note of these to make an informed decision.

Why Buy A Mediclaim Policy Online?

  • Allows the convenience to see the top mediclaim policies in a few clicks sitting at home.
  • Secured Modes of payment that are monitored leading to no risk
  • You can pay premiums simply using your debit card, credit card or through your bank’s internet banking facility
  • You can customize your mediclaim policy & calculate your premium instantly
  • All documents are digital which leave you with no paper hassle.
  • Conclusion

    A good health insurance policy is the best thing that you can avail of and invest in if you want to enjoy financial stability. The fact that healthcare costs go on rising year by year has made it essential for everyone to obtain insurance coverage as soon as they are able. Having the right mediclaim policy gives you peace of mind and makes every household function smoothly, even in difficult times. So, if you haven’t already, you should get one of the best health insurance plans in India. The best health insurance plan in India will meet all your coverage requirements as well as offer multiple value-added benefits when you renew health insurance online.

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    Most Popular Questions Doubts

    • Q. How to choose a Best Mediclaim Policy?
      • You need to keep the following parameters in mind while selecting a suitable mediclaim policy:

        • Premiums – The payments made towards Mediclaim policies differ between insurance companies, based on various parameters like age of the applicant, location, policy tenure, sum insured on maturity of the policy tenure, etc.
        • Age – Suitable for individuals right from the age of 91 days to 65 years, though the terms and conditions regarding age vary between insurance companies.
        • Cover for family – The unique option of one master premium enables you to ensure mediclaim for your entire family. Not just that, such a facility often makes you eligible for additional benefits and discounts on premium, based on the insurance company and policy you have opted for.
        • Overseas mediclaim policies – Some mediclaim policies also cover you for emergencies that might occur when you are abroad, based on certain terms and conditions.
        • Claims – While some insurance companies channel their claims through Third Party Administrators (TPAs), some others process claims in-house.
        • Types – There are a wide range of mediclaim policies offered, which we will discuss later in the article.
        • Tax benefits – Mediclaim insurance premiums are eligible for tax deduction under Section 80D of the Income Tax Act, 1961, Premiums up to Rs.25,000 on mediclaim premiums for self, spouse and dependent children. An additional tax exemption of up to Rs.25,000 is applicable on insuring parents and extends to up to Rs.50,000 for parents who are senior citizens.
    • Q. 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 ready with are:

        • Maximum value an insurer will compensate you for complete total loss or theft of your bike
        • Sum insured or coverage amount – Ensure that you consider future expenses too.
        • Room rent – Check for the capping amount or criteria defined if applicable.
        • Sub-limits or co-pay applicable – Check for the sub-limits applicable for some specific list of ailments or package treatments. Also check if the plan has copay feature.
        • Network hospital list – Check for the list of network hospitals and try buying a policy which covers your regular hospital
        • Policy wording – Most important thing to check before buying a policy is the policy wording. In case you are not sure about a certain term or condition you can always contact the insurer for clarification.
    • Q. Which mediclaim policy covers pregnancy in India?
      • Some mediclaim policies that cover pregnancy in India are:

        • Star Wedding Gift
        • Max Bupa Heartbeat Plan
        • Oriental Insurance Universal Health Insurance Scheme
        • Apollo Munich Easy Health Individual Insurance Plan
    • Q. Can I cancel my mediclaim policy and 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 to the policy termination or policy cancellation section in your policy wording to know the amount that would be refunded.

    • Q. What is a mediclaim policy for employees?
      • Group mediclaim policies are specifically designed for employers, who can opt for it for their employees on the payment of pre-determined premiums. This policy enables employers to cover their employees on specific hospitalization and other related expenses, as defined in the policy document of the insurance company. Employees can also avail tax benefits under such policies.

    • Q. What are the types of cashless mediclaim?
      • The following are the two types of cashless claims in mediclaim:

        • Cashless claims – Fill up the Preauthorization Request Form with accurate information and submit it to your insurance company to initiate the claim settlement process.
        • Cashless planned hospitalization – In the case of pre-planned hospitalization, you need to submit the completed Preauthorization Request Form at least 72 hours before your hospitalization. This enables the insurer to ensure a streamlined and seamless claim settlement.
        • Cashless emergency hospitalization – For emergency hospitalization as a result of accident or critical illness, you are expected to present your mediclaim ID at the network hospital during admission. Further, the completed Preauthorization Request Form can be submitted within 4 hours of hospitalization to initiate the claim settlement process. Hence, it is essential for you to carry your mediclaim ID with you at all times.
    • Q. How Can Coverfox Help You Choose the Right Mediclaim Policy?
      • Here’s how Coverfox simplifies the process of selecting a suitable mediclaim policy.

        • Our online platform offers a comparative analysis of various mediclaim policies, offered by different insurance companies, which are aligned with your requirements. This ensures a convenient and hassle-free application process.
        • We offer expert and unbiased advice for assisting you with the right decision, as per your needs.
        • Coverfox is equipped with a dedicated customer service unit to assist you with all your pre and post-sales queries, including expert claims handling.
        • The process involves minimal paperwork to ensure a quick and seamless buying experience.
        • Convenient & Hassle-free application process clubbed with online platform for comparison and choosing the right plan.
        • Expert & Unbiased Advice for assisting you with the right decision as per your requirements.
        • Dedicated Customer Service Unit to tackle all your post-sales queries including expert claims handling.
        • Minimal Paperwork to ensure hassle free and pleasurable buying experience.
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