3. WHAT IS HEALTH INSURANCE ?
ďThe term health insurance (popularly known as Medical Insurance
or Mediclaim) is a type of insurance that covers your medical
expenses.
ďA health insurance policy is a contract between an insurance
company and an individual.
ďSometimes it is associated with covering disability and custodial
needs.
ďThe contract is renewable annually.
4. BENEFITS OF HEALTH INSURANCEâŚ
ďIt helps securing a better future by paying a fraction as an expense today called the
premium.
ďIt reduces saving huge amount of financial losses, risk of financial breakdown in case
of expensive medical and post-illness care.
ďIt induces a sense of security to the insured.
ďIt provides financial security to the family members.
ďIt covers hospitalization and medical bills. It also covers disability and custodial bills.
ďYou can avail tax benefits on the premium paid under section 80D of the Income Tax
Act.
5. TYPES OF HEALTH INSURANCEâŚ.
ďśHEALTH INSURANCE
â˘Hospitalization cover and reimbursement of the medical expenses.
⢠Covers disease or surgery.
⢠Also called "Mediclaim" policies.
ďśCRITICAL ILLNESS INSURANCE
â˘insures you against the risk of serious illnesses
⢠cancer , first heart attack , organ transplant , kidney failure
,paralysis, strokes etc are covered under it.
6. HEALTH PLANS ARE AVAILABLE IN 2 FORMATSâŚ.
INDIVIDUAL
⢠Individual is the owner of policy.
GROUP PLANS
⢠Sponsor is the owner of policy. Insured are
the members.
7. FAMILY FLOATER
PLANâŚ.. for the entire family.
â˘Health cover
â˘A sum assured that is âcommonâ for all the
family members.
â˘The sum assured under this family health
insurance is available for any or all members of
the family covered under the policy.
8. GROUP MEDICLAIM INSURANCE PLANâŚ
â˘Covers a group of individuals.
â˘Includes the category of Employerâs Health Insurance
Cover.
â˘Minimum a group of 500.
9. OTHER TYPES OF HEALTH INSURANCE
PLANSâŚâŚ
ďźMEDICLAIM POLICY
â˘FAMILY FLOATER
â˘GROUP MEDICLAIM
ďźHOSPITALIZATION CASH POLICY
ďźCRITICAL CARE PLAN
10. MAJOR HEALTH INSURANCE PROVIDERS IN
INDIA..
ď STAR ALLIED HEALTH INSURANCE
ďMAX BUPA HEALTH INSURANCE
ďBAJAJ ALIIANZ APOLLO
ďUNITED INDIA INSURANCE
ďICICI LOMBARD
ďTATA AIG
ďROYAL SUNDARAM
ďCHOLAMANDALAM DBS