Health Insurance
Protection from medical emergencies and hospitalisation expenses, so your savings stay safe.
What is health insurance?
Health insurance, also called a mediclaim policy, protects you from medical emergencies and the hospitalisation expenses that come with them. In today’s busy life, every family should have one.
Plans offer cashless treatment at network hospitals or reimbursement, and some plans include international treatment, a doctor’s second opinion and a yearly health check-up at panel centres, as per policy terms.
Critical illness cover works differently: it pays a fixed lump sum if you are diagnosed with a covered serious illness, much like you insure your car or home.
Why is a mediclaim policy needed?
- Everyone faces illness or injury at some point in life
- Medical emergencies can come anytime, without warning
- Quality private hospital treatment can be expensive
- Doctor’s fees, diagnostic tests and medicines keep getting costlier
- Without cover, medical bills come out of savings meant for your other goals
When should you take it?
Preferably at a young age, but better late than never. Premiums tend to increase with age, and many insurers give a no-claim bonus for every year without a claim. Premiums may also qualify for tax benefit under Section 80D, as per prevailing tax laws.
Insurance products are offered through licensed insurance partners. Insurance is the subject matter of solicitation. Please read the sales brochure and policy wording carefully before concluding a sale. IRDAI does not sell insurance policies, announce bonuses or invest premiums; report spurious calls to the police.
Need help choosing health cover?
Book a free call. No obligation, and the first conversation is always free.