Health or medical insurance is an insurance product that provides cover for medical expenses in case of illness or injury. With a health insurance plan, you can save the money that you would otherwise end up spending on medicines, hospital bills, and consultation fees.
In other words, health insurance is an agreement between you and your insurer, who is bound to cover your financial expenses during medical emergencies.
While there are several health insurance options available in India, you must opt for a health insurance policy that is best suited to you and your family's medical needs. Besides offering cover for medical expenses, health insurance gives you access to quality healthcare and cashless treatment at one of the network hospitals.
There are several causes of high death rates in India and one of them is high healthcare costs. It is a reason why many people do not receive the much-needed treatment on time. Furthermore, the healthcare sector in India is deploying advanced technology for treating a host of chronic diseases. However, these technological advancements come at a cost which is eventually borne by the treatment seekers and their families. Hence, buying health insurance is a good way to ensure access to quality healthcare without having to dig into your savings.
At Reliance General Insurance, we offer exhaustive health insurance plans that cover your hospital and other medical bills.
For several people, the COVID-19 pandemic has been an eye-opener to the need of having a medical insurance policy. Desperate times, limited access to healthcare and exorbitant healthcare costs during the various waves of the pandemic made people realise the importance of having health insurance. Many people had to dig into their savings, including retirement funds, to pay for the treatment of their families and loved ones. Therefore, now, more and more people are opting for extensive medical policies that cover pre-hospitalisation and post-hospitalisation costs, consultation charges, check-up fees, and more.
The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurance companies to cover COVID-19-related expenses in their existing health policies.
Also, the IRDAI has released guidelines for COVID-19-specific health insurance policies. As per these medical policies, insurers have to cover the hospitalisation costs of an insured person who has been hospitalised for over 24 hours after getting diagnosed with COVID-19.
In addition, many insurance schemes covering pre-hospitalisation and post-hospitalisation fees along with quarantine-linked expenses have been introduced. Some policies may also include ICU costs. So, read all the terms and conditions of the medical policy thoroughly before buying one.
There are several reasons to opt for health insurance. Some of them are:
Compare health insurance policies and select from these 9 plans that we offer-
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Reliance Health Gain InsuranceHealth Gain insurance policy that covers pre and post-hospitalization coverage, daycare procedure, donor expenses, OPD charges, consultations, tests, and other such expenses that can put you in a financial crisis.
Plus Plan- ₹ 3 lakh and ₹ 5 lakhs
Power Plan- ₹ 10, ₹ 15, ₹ 20 lakhs
Prime Plan- ₹ 25, ₹ 30, ₹ 50, ₹ 100 lakhs Buy
Health Gain Insurance Online now!
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Health Infinity Health Insurance (Reliance Health Infinity Policy)Health Infinity is one of the best health insurance policies available in ndia offering wide range of sum insured i.e. ₹ 3 Lakh to ₹ 1 Crore. You get add-on options of additional coverage more policy tenure and international coverage for overseas emergencies as well. There are no sub-limits for hospital room rent, road ambulance charges and organ donor expenses. You are also covered for robotic surgeries. Buy
Health Infinity Insurance Online now!
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Super Top-Up Health InsuranceWhen your current health coverage falls short, Reliance Super Top-up provides an extra layer of protection. Even if you don't have health insurance, you can still buy this plan to maintain comprehensive coverage. This plan is the greatest way to safeguard yourself against skyrocketing medical costs brought on by major surgery or a serious illness. The plan comes with a wide range of benefits along & sum insured that ranges from
₹ 5 lakh to
₹ 1.30 crore.
Buy
Super-Top Up Plan Now!
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Arogya Sanjeevani Policy – Reliance General
Arogya Sanjeevani Health Insurance is a new standard policy implemented by IRDAI and is offered by all the insurance companies in India. The standard plan provides for a basic health insurance plan with coverage between ₹ 1 to 5 lakhs. The policy covers inpatient hospitalisation, day-care procedures, special treatments and Ayush treatment and gives a cumulative bonus up to 50%.
Buy Arogya Sanjeevani Health Insurance Online now!
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Corona Kavach Policy, Reliance GeneralCorona Kavach Policy, Reliance General is an affordable Health Insurance policy that protects you and your family against hospitalization expenses due to COVID-19. The policy comes with a coverage of ₹ 50k to ₹ 5 Lakh. The policy covers Hospitalisation Cover including PPE kits, Home care treatment cover, Ayush treatment and pre-post hospitalisation. The coverage starts from the day you get diagnosed with COVID-19 infection. The policy has a standard waiting period of 15 days after policy purchase.
Buy Corona Kavach Health Insurance Online now!
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Corona Rakshak Policy, Reliance GeneralCorona Rakshak Policy, Reliance General is an affordable Health Insurance policy that offers lumpsum benefit* from 50k to 2.5 lakh to the insured if diagnosed with COVID-19. The coverage starts from the day you get diagnosed with COVID-19 infection. The policy has a standard waiting period of 15 days after policy purchase. *Hospitalization should be as per the Government-authorized hospital and is mandatory for 72 hours.
Buy Corona Rakshak Health Insurance Online now!
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Personal Accident Insurance
This policy safeguards your family's financial security in an hour of need. Death, permanent total disability, temporary total disability, broken bones, and ambulance costs are covered under this policy. You can also extend a personal accident insurance plan to include your entire family under a single policy. Buy
Personal Accident Insurance Online Now! |
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HealthWise Health Insurance (Reliance HealthWise Policy)-An affordable and comprehensive health insurance policy which lets you take care of the most important aspect of your life - your health! This policy offers complete hospitalization cover inclusive of doctor's fees, nursing expenses, OT charges, medicines and drugs, anaesthesia and oxygen administration expenses, surgical appliances, pacemaker and radiotherapy. The best part about this policy is that it even covers critical illnesses, making it one of the best policies available in the market. Buy
HealthWise Insurance Online now! |
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Critical Illness Insurance (Reliance Critical Illness Policy)-This policy acts as a financial cushion that helps you tide over medical exigencies that incur while treating a critical illness. The lump sum amount paid enables you to take care of hefty medical bills as well as the daily expenses. This critical illness policy covers 10 life-threatening and lifestyle-disabling diseases.
Buy
Critical Illness Insurance Online Now!
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Now that you are aware of all the big benefits of opting for Reliance Health Insurance policy, make sure you buy health insurance right away and avail great benefits. While we cannot stop anything unfortunate to happen with your health, we are always there to help you financially.
How to choose a health insurance plan?
Here are some important factors to be considered when choosing a health insurance plan:
Adequate coverage: Ensure your health plan covers all your and your family's healthcare needs sufficiently.
Fits in your budget: Choose a suitable healthcare plan that matches your and your family's medical needs without exceeding your budget.
Individual or family plans: Opt for an individual or a family health plan as per your status. With a family health plan, you can derive maximum benefits at affordable rates.
Lifetime renewability: Healthcare insurance plans that come with lifetime renewability are the best option.
Higher claim settlement ratio: Insurers with a high claim settlement ratio are most likely to provide prompt and efficient services.
How to choose between a group health insurance plan and a regular health insurance plan?
Choosing the right insurance plan is not as easy as it may seem. After considering all the important factors, you must assess if the plan meets your needs without stretching your budget. You may opt for either individual health insurance or group health insurance.
A regular or an individual health insurance plan can be purchased by a person for covering expenses incurred due to medical emergencies. Health insurance plans for individuals, their spouses and children, and even elderly parents are available. The premium rate is determined by the policyholder's gender, age, and medical history, among other factors.
On the other hand, a
group insurance policy can be purchased for insuring a group of people under the same policy. A company can buy a group policy for the employees or a joint family can purchase one covering all family members. Even a sports team can buy a policy for its players. As far as a group insurance policy is concerned, the premium is calculated based on the group size, ages of people in the group, nature of the company, and demographics, among other considerations.
Differences between individual and group health insurance
Coverage: Group coverage offers the same benefits to all group members of the policy. On the other hand, individual health insurance plans are flexible for they can be customised to meet a person's specific medical needs.
Premiums: The premiums for individual plans are determined by the coverage it offers. In the case of group plans, the employer has to pay the premium.
Sum Insured: An individual policyholder can decide the sum insured at the time of medical insurance plan purchase. Where group insurance is concerned, the sum insured is preset. To increase the sum insured, you have to pay an additional premium.
Extras and discounts: While you can avail of discounts and add-ons under individual plans, group insurance plans do not offer any such benefits.
Pre-existing diseases: As part of group plans, group members get coverage from the first day. Conversely, under individual plans, policyholders have to wait until the end of the waiting period for coverage.
Both individual health insurance plans and group medical insurance policies come with their own set of pros and cons. The general recommendation for nuclear families is to go with family floater plans since they can save money on premiums. Nonetheless, if you want to cover your elderly family members, you should purchase separate plans with adequate cover.
How do you choose the right health insurance plan for parents?
As we grow older, our immunity levels start dwindling and metabolism becomes sluggish. As a consequence, we become prone to a host of illnesses. This means that the health of our parents and grandparents is fragile. Moreover, the COVID-19 pandemic poses a major threat to elderly persons mainly due to their pre-existing medical conditions. Also, do not forget that the healthcare costs are mounting.
In such a scenario, purchasing a family floater plan for your family, which includes your ageing parents, may not be a good idea. That's because only a small insured sum will be left for your ageing parents, which may not suffice to pay for their medical bills.
Instead, consider taking individual plans for your elderly parents because these plans can be tailored to meet their specific healthcare needs. Also, remember that health insurance premiums rise sharply as age progresses. For this reason, you must opt for such plans for your parents as early as possible.
Guide to choosing the perfect health plan
At Reliance General Insurance, we offer our customers a plethora of plans to choose from. These include:
First scenario: For those who want to insure themselves and their family including spouse, children, and parents
If you’re looking to insure yourself along with your family members under a single plan, then opt for family health insurance. The benefits of family health insurance plans include cashless hospitalisation, base sum insured, cover for hospital fees, and much more.
Second scenario: For those who travel a lot and want financial protection during their trips abroad
If you’re a globetrotter, you might want to consider purchasing the health infinity plan. Designed for people between 18 and 65 years of age, this plan helps you manage your finances and receive medical treatment on your trips even out of India.
Third Scenario: For those who require coverage for specific health issues
The critical illness insurance plan covers a host of critical illnesses. Among these are multiple sclerosis, burns, and cancer. When you purchase this plan, you get a pre-decided lump sum amount upon making a claim.
Why buy health insurance when young?
You can get the benefit of lower premiums since insurance providers determine the premium amount as per your age and medical history.
You can reduce your tax liability as per the provisions of Section 80D of the Income Tax Act, 1961.
You can get cover for any medical conditions that you may suffer from at a later stage in life.
You can better manage your finances and investments after knowing that your medical expenses are adequately covered.
Why buy health insurance online?
Convenience: You can buy health insurance without leaving your comfort zone at any time, from anywhere. With just a few clicks on your mobile device, pay the policy premium through a trusted platform and you are good to go.
Protected payments: Choose from a variety of online and digital payment modes to purchase and renew your insurance policies.
Quick processing: Whether you want to customise plans, calculate the premium, add or remove members, or check coverage, you can do it all online.
Benefits of buying health insurance online
Some of the benefits of buying a medical insurance policy online are:
Compare plans easily: You can compare the health insurance plans offered by different insurance companies and choose the one that suits you the best.
Enjoy convenience benefits: You can purchase a policy online conveniently; you do not have to visit the insurance company office or negotiate with insurance agents.
Avail online discounts: You can enjoy discounts on premiums when you purchase policies online.
Pay low premiums: You can get the benefits of lower premiums when you buy health insurance plans online since insurers save on operational costs.
Do less paperwork: You can reduce your paperwork by buying medical insurance policies online.
Benefits of buying health insurance plans for senior citizens
- You get a Sum Insured rebound that recharges your exhausted health cover to take care of your next hospitalization.
- Apart from cashless treatment at a hospital and daycare facilities, you can avail cashless medical facilities at home as well.
- The pre and post-hospitalization expenses are covered.
- The health plan comes with several top-up plans to enhance your parents' health coverage by paying a small amount.
- The premium you pay towards a health insurance plan for your parents qualifies for deduction under Section 80D of the Income Tax Act. So, you get a tax rebate on buying a policy for your parents.
Being a senior citizen means you have to be extra careful about your health. Since you must have retired, and your company isn't providing any health coverage, you have to get one for yourself at the earliest possible. If you are diagnosed with any critical ailment and you have no
senior citizen health insurance, you might end up losing a sizable chunk of your life savings to medical bills or even pass on the financial burden to your children.
Looking to change your health plan? 5 things to consider
While following a healthy way of living is always recommended, you should also be prepared to face illnesses. From sedentary lifestyles to food adulteration, and from stress to genetic disorders,there are many things that can get you hospitalized. Life is indeed uncertain! Health insurance was always important, but now in the wake of a pandemic, it has become non-negotiable. It provides you with the freedom to go for the best medical facilities available at the earliest possible without stressing over bills. However, the market is full of different plans and one must choose a health insurance planthat fits their budget and offers wide coverage too. If you are stuck with an average plan, it's time to switch to a better one.
When should you switch?
Premium vis-a-vis coverage: You should switch to a better deal with bigger coverage (i.e. higher sum insured) at a smaller premium.
Inclusions and exclusions: The fine print contains a lot of terms and conditions. You must opt for a policy that is transparent and has no limitations like room rent capping or forces you for co-payment. Basically, you should switch to the one with more inclusions and minimum exclusions.
Reputation and claim settlement ratio: Always, put your money on a reputed brand with a much higher claim settlement ratio. You can also read reviews and take feedback from its past and current customers.
Network of hospitals: Pick a plan that has some of the best hospitals in your vicinity in its network so you can avail cashless treatment.
Top-up plans: Pick a plan that offers such additional coverage.
Waiting period and renewability: There is a waiting period after you buy a health insurance plan in which you can't make a claim. So, opt for a plan with a smaller waiting period. Similarly, check the renewability terms and conditions of the plan.
Surely, you want to get the maximum benefit out of your insurance policy. So, when buying a new policy, do some thorough research to figure out which plan suits your needs and budget the best. A policy taken in haste can leave you with a lot of regrets. Also remember to renew health insurance plans on time to enjoy uninterrupted coverage.
*T&C apply. For more details on risk factors, terms conditions, brochure, and exclusions, please read the policy wording carefully before concluding a sale. The details mentioned above are for multiple products such as Health Gain Health Insurance Policy UIN -RELHLIP21514V022021,Health Infinity Insurance UIN -RELHLIP21521V032021 ,Arogya Sanjeevani - Insurance UIN -RELHLIP21001V012021,HealthWise Health Insurance UIN -RELHLIP21522V032021, Personal Accident Policy UIN -RELPAIP01002V010001, Reliance Critical Illness Insurance Policy UIN -RELHLGP08003V010708, Corona Rakshak Policy, Reliance General Product UIN - RELHLIP21093V012021, Corona Kavach Policy, Reliance General Product UIN -RELHLIP21092V012021
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