The basic benefits of buying a Health Insurance policy are:
a. Reimbursement for Hospitalization due to illness / disease / surgery.
b. Reimbursement for Domiciliary Hospitalization expenses in lieu of Hospitalization.
c. Pre-hospitalization expenses
d. Post-hospitalization expenses
e. Ambulance charges

The major types of health insurance plans available in the market are -
i) Individual Health Plan
ii) Family Floater Plan
iii) Critical Illness Plan
iv) Senior Citizen Health Plan

Well, it depends. If you plan to stay with the company forever, it may be ok. However, when you leave the company, your cover expires and you will have to buy a new policy. This may have implication. For example, any existing disease may not be covered if you go for a new policy. Considering this, you may consider buying an additional policy which will increase your coverage amount as well as come handy if you ever decide to leave the company.

Yes, if both husband and wife are covered from their respective employer, they can claim from insurance provided to them by either of the companies, but not both the companies.

The hospitalization charges generally cover: Pre-hospitalization expenses - Expenses incurred for the treatment of a disease, illness or injury during a specific period immediately before hospitalization. Hospitalization charges - Expenses incurred while being hospitalized and in the course of treatment. Post-hospitalization expenses- Routine expenses incurred for the treatment of disease, illness or injury for a specific period after discharge from hospital.

Domiciliary (Home) Hospitalization means medical treatment for a period exceeding three days for such illness/disease/injury which in the normal course would require care and treatment at a Hospital/Nursing Home but actually taken at home under any of the following circumstances:
i) The condition of the patient is such that he/she cannot be removed to the Hospital/Nursing Home, or
ii) The patient cannot be removed to Hospital/Nursing Home for lack of accommodation therein.

Cashless facility is the benefit of health insurance in which you will be able to avail the hospital services without making any advance payments. Hospital should be one out of the list of empanelled hospitals with the respective health insurance company.

You can avail the benefit of cashless facility through a health card provided to you by the TPA (Third Party Administrator) of your health insurance company.

You can contact your TPA for assistance at any time by calling on the helpline numbers provided to you on your health card.

No, generally your health insurance policy does not extend the coverage to international trips and is limited to geographical area of India, unless you have specifically bought an international health cover policy.

For this you need to buy a Foreign Travel Insurance Plan.

While taking a health insurance policy, one should check the following: List of hospitals that are tied up with the insurance company for cashless treatment Waiting period for pre-existing diseases Others exclusions

Yes, you can take multiple health insurance policies from the same company or different companies. In that case, you can make a claim either under any one policy or split the claim between the policies in proportion of the sum assured availed.

The premiums charged by the health insurance company is usually the same for specific age group. The premium usually remains constant as long as you are in the same age bracket. But once you shift from one age bracket to another, the premium will increase.

Yes. You can transfer your health policy from one insurance company to another and from one plan to another, without losing the renewal benefits for pre-existing illness. However, this benefit will be limited to the Sum Assured (including bonus) under previous policy.

This policy pays an amount equal to the sum insured upon first diagnosis of a critical illness covered under the policy. It pays the whole sum assured at the point of diagnosis, irrespective of actual cost incurred on treatment

Generally, the following critical illnesses are covered: - cancer, multiple sclerosis, coma, heart attack, bypass surgery, stroke, paralysis, kidney failure, major organ transplant, etc. However, the same may differ from insurer to insurer.

A basic health insurance policy generally pays only for hospitalization bills. However the amount of health cover may not be enough for treatment if you are diagnosed of a critical illness. It may also lead to loss of income, change in lifestyle and permanent disability. To help you combat these, the critical illness insurance plan pay you lump sum money to meet your large medical cost as well as meet your day to day expenses.

In a critical illness policy, you are covered for certain mentioned critical illnesses only. If you have normal health insurance, you will get cover for normal disease as well as critical illness.

There is no hospitalization expenses or cashless benefit under Critical Illness policy. The insured is paid an amount equal to the sum insured at the time of diagnosis of a critical illness.

Yes, depending on your age, plan, sum assured and other factors, the insurer company may require you to undergo a medical check.

No, once a claim for a particular Critical Illness has been admitted and paid, the coverage under the Policy will automatically terminate for that insured person.

The Critical Illness Cover generally do not insure you against following:
i) Critical illness diagnosed within first 90 days from the inception of policy
ii) Death within 30 days of diagnosis of critical illness or surgery
iii) Illness due to smoking, tobacco, alcohol or drug intake
iv) Illness occurring due to internal or external congenital disorder
v) Critical conditions or consequences due to pregnancy or childbirth, including caesarean
vi) HIV/AIDS infection
vii) War, terrorism, civil war, navy or military operations
viii) Any dental care or cosmetic surgery
ix) Infertility treatment
x) Hormone replacement treatment
xi) Treatment to assist reproduction However, the above conditions may vary from insurer to insurer.

A Family Floater Health Plan covers all the family members under one single plan. The total sum insured is fixed and gets exhausted as and when any member avails medical services and makes a claim.

The members coverable under a family floater can be the policyholder and his/her parents, spouse and children. Some plans also give option to cover parent-in-laws as well.

No

No, all health insurance policies do not cover dental insurance as standard coverage. If your plan has an inbuilt feature then you can get the coverage. Some policies offer the same as add on features.

No, all health insurance policies do not cover dental insurance as standard coverage. If your plan has an inbuilt feature then you can get the coverage. Some policies offer the same as add on features.

A “Top-up” health policy is an additional coverage for a person/family already having an existing health insurance. It is for reimbursement of expenditure which arises out of beyond a threshold limit of the existing cover. Reimbursement can be one time hospitalization or recurring during a policy term.

Regular top-up health insurance plan only covers claims when a single claim surpasses the threshold limit, the super top-up plan is similar to top-up plans that enhance your health insurance sum insured. However, the difference is that super top-up plans work on the total medical expenses incurred during the policy year and not on a per claim basis.

Hospital Cash Benefit is a facility that provides a fixed sum for each day of hospitalization of more than 24-hours. It is a fixed daily allowance that is paid to the policyholder to meet miscellaneous expenses during the period of hospitalization.

The Air Ambulance facility combines air transport with basic emergency medical services that can transport sick or injured patients to and from healthcare facilities.

No-claim bonus (NCB) is a discount in premium offered by health insurance companies if a Policy holder has not made a single claim during the term of the health insurance policy.

Auto Restoration benefits in health insurance let the insurer restore your sum insured to the original amount when it is exhausted by claim.

Recharge benefit available under health insurance policy restores the sum insured when it gets reduced due to a claim.

Most of the health insurance policy does not cover Maternity related expenses except some Individual/Floater Policy where it is clearly mentioned and some group insurance policy. There are certain conditions for maternity related cover that may vary as per policies.

Organ donor expense benefit covers the medical and surgical expenses of the organ donor when harvesting a major organ transplant for the insured.

The pre-policy medical screening refers to the medical examination that is requested by the health insurance company before the health coverage is provided to the person.

Sum insured in health insurance is the maximum value for a particular year that the insurance company can pay you in the event of a hospitalization.