Health Insurance Plans

Health Insurance Plans

WHAT IS A HEALTH INSURANCE POLICY?
Health insurance is like a financial security that you have for handling your medical expenses. Health insurance plans are like an investment that you make so that you can safeguard your hard-earned funds from being spent on expenses related to hospitalization, medicines, ambulance, doctor s consultation and more. A health insurance policy can also be viewed as an agreement between you and your health insurance company that binds them to cover you financially in case of any medical emergency.

There are several types of health insurance plans in India. And, you should choose the best health insurance policy for yourself and your family so that you can relax when it comes to paying hefty medical bills. You not only get covered for the medical expenses with your health insurance plans, but also get facilities such as cashless treatment and quality health care at a reputed network hospital. Health insurance plans are like your friends that take away your financial burden in case of hospital related exigencies.

WHAT IS THE NEED FOR HEALTH INSURANCE?
An effective medical insurance policy is essential because the prices of medicines and hospital treatments are rising day by day. If an accident or critical illness befalls you, it will cause a huge financial burden on you and your family. A hard-hitting truth is that whether your trip to hospital is planned or it comes as an unpleasant surprise, it is sure to cost you heavily. So, its better to have a protection of health insurance plans, that besides helping you manage your finances, also offer you a several other benefits at very affordable premium rates. You can also check out various health insurance quotes online to figure out which one is most suited to your budget.

Here are 5 reasons that will make you understand the importance of having the best health insurance plan:

Financial Help : Your health insurance policy will ease your burden of paying heavy medical bills from out of your pocket. You can save your hard-earned money for living your life to the fullest, instead of spending a huge part of it on medical care. If you are worried about the premium rates, then please be assured that you can get an adequate health insurance policy at very affordable premium costs. You also get discounts like family discount, which will allow you to keep the medical insurance plan coverage intact while paying a relatively low health insurance premium.

Quality Medical Care : You can avail the benefit of cashless claims and quality medical care if you decide to get your treatment at a network hospital. A network hospital is a hospital that has an agreement with your health insurance company, which enables you to get the best treatment without having to shell out from your pocket.

Tax saving : In India, the payments you make towards your health insurance policies are eligible for tax deductions under section 80D of the Income Tax Act. You can avail the maximum deductions of INR 1 lakh if you buy health insurance plans for yourself and your loved ones, and if you and your parents are senior citizens.

Extensive Coverage : Health insurance plans in India not only cover you for hospitalization expenses, but also provide cover against critical illnesses, accident-related, maternity, consultations, check-ups and other such medical expenses with different types of health insurance plans.

Peace of mind : If you are secured on the financial front, then even a trip to a hospital feels a little less stressed. Having a medical insurance gives you the peace of mind that can help you relax in a tense situation.

With so many health insurance plans in India offered by health insurance companies in India to choose from, you can certainly choose the best health insurance plan from among them.

TYPES OF HEALTH INSURANCE PLANS
In India, buying a health insurance policy is not mandatory. But, having medical insurance has become very important and many people have now started investing in health insurance. However, most of them fail to understand the different types of health insurance policies available in the market and probably, they end up buying a plan that might not cover their specific needs.

Here, we explain to you different types of health insurance plans in India, so that you can decide which one fulfills your requirements the best:

Indemnity Based Health Insurance Plans in India:
The indemnity based health insurance plans give you the reimbursement for the expenses incurred by you for hospitalization or cashless claim settlement up to the Sum Insured opted by you. These plans are also known as traditional health insurance plans. These health insurance plans cover you for the expenses related to doctor s fees, hospital room rent, OT (Operation Theatre) charges, medicines and more.

Fixed Benefit Health Insurance Plans in India:
The fixed benefit health insurance plans pay the full claim amount when you raise a claim with your health insurance policy. These health insurance plans are usually helpful in covering pre-determined illnesses, critical illnesses and hospitalization expenses in case of an accident.

Individual Health Insurance:
An affordable health insurance plan that protects individuals against medical bills. An individual health insurance policy covers you for Ayurvedic and Homeopathic treatment, day care procedures charges, bariatric surgery, pre & post hospitalization charges, organ donor expenses, road ambulance expenses and provides the benefit of daily cash

Family Health Insurance
Health insurance plans for family or a family floater health insurance gives you the option to cover yourself and your family members with individual Sum Insured (SI) or. Some of the key features of this plan are multiple Sum Insured options, immediate family cover, coverage for Ayurvedic and Homeopathic treatment, bariatric surgery cover, pre & post hospitalization expenses, maternity and newborn care cover.

Critical Illness Insurance
The Critical Illness insurance plan covers you from high-cost treatments for life-threatening diseases such as cancer, tumors, strokes etc. The benefit of a critical illness insurance cover is that it lets you avail the payable benefit once you are diagnosed with a critical illness.

Critical Illness Insurance for Women
This women health insurance plan is specifically designed to cater to their needs if they face any critical illness such as breast cancer, burns, vaginal cancer etc.

Health Insurance for Senior Citizens:
As you grow old, your body starts to show signs of weakness and you might suffer from age related problems. Also, your savings are limited in your later years. Health insurance for senior citizens takes care of these issues and protects you from the medical expenses in your golden years.

Health Infinity Plan:
Health Infinity plan, launched by Bajaj Allianz is a special plan that does not have any Sum Insured limit. One of the perfect health insurance plans for you and your family! The key features of this plan are unlimited Sum Insured, coverage for pre & post hospitalization expenses, day care procedures, road ambulance expenses and multiple policy term options.

Top Up Health Insurance:
Top up health insurance plans ensure that you are covered even if the Sum Insured of your base medical insurance plan has been exhausted. At Bajaj Allianz, we offer top up health insurance plans such as extra care plus & Extra Care that provide an add-on cover to your existing health insurance policy. The key features of this medical insurance plan are coverage for maternity expenses, pre & post hospitalization expenses, floater cover for entire family, coverage for pre-existing diseases and day care procedures.

Personal Accident Insurance:
A Personal Accident Insurance takes care of you and your family against unforeseen accidents. At Bajaj Allianz, we offer you a personal accident insurance policy with features like hospital confinement allowance, children education benefit and an extensive cover that covers you for death, permanent total disability, permanent partial disability, temporary total disability with plans such as Personal Guard. Also, our Global Personal Guard policy covers you for accidents and injuries irrespective of which corner of the world you are in. The key features of our international accident insurance are Sum Insured options up to INR 25 crore, cumulative bonus, and lifestyle modification benefit, coverage for entire family anywhere in the world and policy period up to 3 years.

M Care Health Insurance:
Bajaj Allianz s M Care Health Insurance policy covers you against 7 vector borne diseases like Dengue Fever, Malaria, Chikungunya, Zika Virus etc. These diseases are very common and the medical treatment associated with these illnesses is very expensive. So, with our M Care Health Insurance policy, you can relax while getting cured for vector borne diseases. The key features of this policy are lifetime renewal facility, free look period of 15 days, multiple Sum Insured options and cashless claim facility.

Hospital Cash:
It is a top-up cash benefit plan offered by Bajaj Allianz to protect you from unexpected hospitalization expenses. This health insurance policy provides a daily hospital cash benefit at very affordable premium rates. The key features of our Hospital Cash policy are multiple Sum Insured options, lifetime renewability, tax saving as per section 80D of the Income Tax Act and double cash benefit in case of ICU hospitalization.

Arogya Sanjeevani Policy
It is a standard health insurance policy that takes care of the financial burden that might befall on you at the time of hospitalization. Key features of the Arogya Sanjeevani policy include option to pay the premium of this health insurance policy on installment basis (yearly, half-yearly, quarterly or monthly), coverage for AYUSH and cataract treatment, lifetime renewal option, Sum Insured up to INR 5 lakh and option to buy this policy for yourself (individual) or for your family as well (family floater).

Comprehensive Health Insurance:
Bajaj Allianz s Health Care Supreme is a comprehensive health insurance policy that covers you for a wide range of hospital expenses. This health insurance policy provides extensive healthcare benefits and gives you and your family a comprehensive protection, so that you leave nothing to chance. The key features of this health insurance policy are coverage for Ayurvedic and Homeopathic treatments, coverage for organ donor expenses, day care procedures expenses coverage, coverage for road ambulance expenses and coverage for pre & post hospitalization expenses.

Tax Gain:
Tax Gain is a unique family floater health policy, which in a smart move brings you the best both worlds. The key features of this plan are cashless facility, waiver of co-payment, no restriction on waiting period, ambulance cover, coverage for pre & post hospitalization expenses, health check-up benefit at the end of every 4 claim-free years.

Star Package Policy:
Star Package policy is a family floater, comprehensive insurance plan, which will cover you and your family from various health risks, education grant, household contents, and baggage during travel and public liability. It also has personal accident cover.

Health Ensure:
The Health Ensure plan is a comprehensive healthcare plan with no age limit. It covers daycare procedures, ambulance expenses, organ donor expenses and ayurvedic/homoeopathic accidental injuries. The sum insured range options range from INR 10 lakh to INR 25 lakh.

Global Personal Guard:
Global Personal Guard is an international accident insurance policy provides extensive worldwide coverage against partial permanent disability or total permanent disability, any other injuries caused due to an accident or death. It also covers accidents while traveling abroad as it provides a global coverage.

BENEFITS OF HEALTH INSURANCE PLANS
The rising cost associated with medical care is one of the biggest reasons to buy a health insurance policy. And, the benefit of investing in adequate health insurance plans is that they gives you stability in terms of paying your hospital bills, even if its for simple day care procedures or preventive health care check-ups.

Following are the key benefits of Health Insurance Plans:

Cashless Treatment:
You can avail the benefit of cashless treatment, if you visit a network hospital for treatment. This means that you don t have to arrange for funds from your pocket while getting quality health care. All you need to do it inform the insurance desk in the network hospital about your policy number. They will arrange for the pre-authorization letter from your insurance company, and the hospital bill settlement will be taken care of smoothly by the hospital and your health insurance company.

Tax Benefits:
You can get a tax benefit by paying premium towards your health insurance plans in India. Whether you buy a health insurance for yourself or your family, you can get tax exemption as per section 80D of the Income Tax Act. You can claim tax deduction up to INR 25,000 per year for the health insurance premium paid for yourself, if your age is less than 60 years and up to INR 50,000 if you are a senior citizen.

Daily Hospital Cash*:
If you have a health insurance policy, then you can get the benefit of daily hospital cash. This means that your insurance company will pay you a certain fixed sum of money daily (up to a limited number of days), which you can use to get reasonable accommodation for your family member/care taker. Feature available in Individual Health Guard, Family Floater Health Guard and Health Care Supreme

Cumulative Bonus
If you renew your health insurance policy without any break and there has been no claim in the preceding year, then your Sum Insured (SI) is increased by 5% for the first year and 10 % for every successful claim free policy renewal. This increment in our SI is limited to 50% at max. Feature available for all health insurance products.

Free Health Check-Ups
It is said that prevention is better than cure. And, with your health insurance policy, you can avail the benefit of preventive care. You can regularly undertake heath check-ups without having to worry about paying medical bills.

Life Long Renewability
Once you buy your annual health insurance policy, you just need to renew it every year before its expiry to get the benefits of health insurance for a long time. You can add in some requirements as per your family size and the coverage needs at the time of renewal.

OUR HEALTH INSURANCE PLANS COVER CORONAVIRUS
Coronavirus is highly contagious, which has caused to it proliferate and spread to all corners of the world. This disease can cause severe problems that require extensive and continuous treatment and exhaust your financial backup. While it is extremely important to exercise caution, another form of assistance would be buying a health insurance policy. With a comprehensive coverage offered by our plans, you can rest assured knowing that medical expenses pertaining to COVID-19 are covered. Our health insurance plans cover hospitalization, day care procedures, AYUSH treatment, ambulance charges & offer quick claim settlements. Browse and select an adequate policy as per your requirements to cover yourself, your family members, children, senior citizens & expecting mothers to ensure that you are financially secure in these critical times. We also offer a dedicated cover termed as the Corona Kavach Policy. Apart from the common inclusions, this policy also extends coverage to pre-existing diseases, comorbid conditions, home care and other expenses, as per the terms & conditions of the policy, that fall under treatment for Coronavirus.

Here are the plans offered by Bajaj Allianz that cover Coronavirus:

Bajaj Allianz Individual Health Insurance Plans
Bajaj Allianz Family Health Insurance Plans
Bajaj Allianz Silver Health Insurance Plans
Arogya Sanjeevani Policy
Corona Kavach Policy

WHY SHOULD YOU BUY HEALTH INSURANCE FROM BAJAJ ALLIANZ?
When it comes to medical insurance, Bajaj Allianz General Insurance is at the forefront with a diverse range of affordable health insurance plans in India. They are customized to protect your savings from hospital bills. We respect your time and money and our offerings reflect our commitment to you. Unfortunate events can surprise you, so it is important to safeguard your hard-earned funds from being spent on heavy medical bills. We understand this and hence, we offer you the following benefits with our health insurance plans:

In-house Health Administration Team (HAT) for faster claims processing
Maximum coverage at affordable rates
Easy to buy/renew online insurance policies
Quick claim settlement up to INR 20,000 through our app via Health CDC (Claim by Direct Click)
Access to better medical care with our wide range of Network Hospitals all over the country

THINGS TO CONSIDER BEFORE BUYING A HEALTH INSURANCE POLICY
You're spoiled for choice when it comes to buying insurance because of the numerous health plans and covers available today. But, you need all the information you can get before buying a medical insurance policy that suits your needs.

Keeping a note of some of the important things like waiting period, claim settlement process, list of network hospitals and more can help you choose the best health insurance plans for yourself and your family. To make your life simple, we've made a short list of factors that make a health insurance plan, the best health insurance plan for you:

Here they are:

- Always opt for adequate cover and ensure that it is sufficient for you and your entire family.
- Nowadays, most employees are covered by their company's medical insurance. However, it is always an added benefit to select and purchase your own medical insurance plan after knowing all the terms and conditions.
- It's ideal to combine hospital cash, critical illness and other benefits in your base cover to avail some form of compensation for non-payable losses.
- Always inform your insurer about any pre-existing diseases.
- Always keep a note of covers, maximum limits and waiting periods.
- Make sure that you know the terms associated with health insurance such as deductible, cumulative bonus, waiting period, pre-existing illness, free look period and more.
- A higher sum insured is always better as there is a constant rise in the cost of medical expenses.
- It is advisable to check the insurance provider's claim settlement record. You should always opt for a company with a good settlement record. This ensures that your claims are not wrongly withheld and prevents any unnecessary claim issues in the future.
- Renew your policy on a continual basis. If there is a break between the expiry and renewal, you may lose the benefits of the insurance.
- Choose an insurance provider that has an internal team to assist with claim and settlement process as they offer a better turnaround time and a seamless process.
- Opt for a health insurance company that allows insurance portability. This way you have the benefit to change your insurance company and opt for a medical insurance policy better than your current one.
- You should invest early in a health insurance policy, so that you start your health insurance cover with a lower premium amount and also get wider coverage as compared to when you buy health insurance plans when you are about to retire.
- You should choose to buy a health insurance policy from a company that has maximum tie-ups with hospitals, so that you get the benefit of cashless claims.
- Select a health insurance company that has a customer-friendly online setup to make the process of buying/renewing your health insurance policy as well as claim settlement easy, quick and convenient.
Hope these pointers help you compare health insurance plans effectively to make an informed decision and help you choose the best health insurance plan for you and your family.

HEALTH INSURANCE COVERAGE

In Patient Hospitalization
Our health insurance policies cover you for the expenses related to any medical treatment that you receive in a hospital for any illness, accident and injury with utmost care.

PRE & POST HOSPITALIZATION EXPENSES
You are covered for pre and post hospitalization expenses up to 60 days and 90 days respectively, if these expenses are related to the treatment that you are receiving.

ORGAN DONOR EXPENSES
Donating an organ to save someone's life is a noble cause and we at Bajaj Allianz support you as much as we can for this noble deed. Most of our health insurance plans cover you financially for surgeries/medical procedures related to organ donation.

DAY CARE PROCEDURES
with advancement in technology, you need not stay in hospital for more than 24 hours for minor medical procedures aka Day Care procedures. And, our health insurance policies cover you for these treatments as well.

AMBULANCE CHARGES
At Bajaj Allianz, we cover you for ambulance charges that might be incurred when you going to the hospital or returning from the hospital.

CONVALESCENCE BENEFIT
With Bajaj Allianz's health insurance policies, you will be eligible for a benefit payout of INR 5,000 annually, in case of continuous hospitalization for a period of 10 days or more.

AYURVEDIC / HOMEOPATHIC EXPENSES
We cover you for the expenses related to Ayurvedic and Homeopathic treatment that you might want to take as an alternate therapy treatment.

MATERNITY EXPENSES AND NEW BORN BABY COVER
Our health insurance plans cover you for maternity expenses and medical expenses towards treatment of a newborn baby, subject to certain terms and conditions.

DAILY CASH BENEFIT
You can avail the daily cash benefit with our health insurance policies, which you can use to pay for the accommodation of a person accompanying you in the hospital.
While this may give you an idea of health insurance coverage, you should always check with health insurance companies, to know more about the types of health insurance coverage they offer. Also, to peruse the detailed list of inclusions & exclusions, refer to the health insurance policy wordings


EXCLUSIONS
The general exclusions of health insurance policy are:

War:
Our health insurance policies do not cover you for any claims raised for the treatment expenses resulting due to war.

Dental treatment:
Our health insurance policies do not cover you for dental treatment unless it is necessitated by an acute traumatic injury or cancer.

External appliances/devices:
The cost of spectacles, contact lenses, hearing aids, crutches, artificial limbs, dentures, artificial teeth etc. are also excluded from the coverage provided by health insurance plans.

Intentional self-injury:
Taking care of you is our top most priority and we do not want to see you hurt specially by self-inflicting injury. Our health insurance plans do not cover you for intentional self-injury.

Plastic surgery:
Any kind of cosmetic surgery unless necessary for the treatment of cancer, burns or accidental Bodily Injury is excluded from the coverage of our health insurance policies.

Treatment outside India:
Our health insurance policies do not cover you for getting any sort of treatment that you receive outside India.

HOW TO CHOOSE THE RIGHT HEALTH INSURANCE COVER?



HEALTH INSURANCE PREMIUM
Health insurance premium is the amount you pay to your health insurance provider so that you have a well-planned financial aid in case of a medical emergency. In other words, health insurance premium is the periodic (generally annual) payment you make to your health insurance company in order to avail their services for health related expenses. Different health insurance policies have different health insurance premiums depending upon the coverages offered by them. Health insurance premium is one of the major factors that you should consider before buying any health insurance plans. You can easily find out an estimate of your health insurance quotes or premium that you would be paying towards your health insurance policy by using Bajaj Allianz's free health insurance calculator to get health insurance quotes.

FACTORS THAT AFFECT YOUR HEALTH INSURANCE PREMIUM

There are certain factors that determine the premium of your health insurance policy such as:

Selected Sum Insured : Your health insurance premium also depends upon the coverages opted by you and the Sum Insured selected by you, as per your health insurance needs.

Number of members covered : Your health insurance premium changes as you include more number of members to be insured like in the family floater health insurance plans.

Age : Young people are healthier than older people and the risk associated with them is less. So, the premium is lower if you purchase a health insurance policy when you are young.

Body mass index (BMI) : Your BMI is the ratio of your height and weight. If your BMI is beyond the normal limit, then you might have to pay higher health insurance premium.

Medical history : You might have to pay a higher premium if a certain illness runs in your family or if you have some complex medical history.

Tobacco consumption : Your premium cost might be on the higher side if you smoke or chew tobacco and tobacco related products.

Gender : Women might be required to pay higher premium than men as they tend to have more number of hospital visits.

The biggest impact on your medical insurance policy premium, however, is the health insurance coverage that comes with it. The wider the coverage, the steeper your health insurance quotes.

TAX BENEFITS OF HEALTH INSURANCE
In India, you can get a tax benefit of under section 80D of the Income Tax Act, if you pay a health insurance premium for yourself and/or your family members. Along with providing you peace of mind, financial support during a medical emergency, access to quality health care services, easy, quick and hassle-free claim settlement process, your health insurance policy also takes care of you by helping you save tax. Thus, you can save a lot by investing in a suitable health insurance policy.

A health insurance policy can help you save tax up to INR 1 lakh under Section 80D of the Income tax Act, 1961 against the premium paid. Here is how you can earn tax benefit as per sec 80D deduction:

On opting for Health Insurance policy for yourself, your spouse, children and parents, you can avail INR 25,000 per annum as a deduction against your taxes (provided you are not over 60 years).
If you pay a premium for your parents who are senior citizens (age 60 or above), the maximum health insurance benefit for tax purposes is capped at INR 50,000.
As a taxpayer, you may, therefore, maximize tax benefit under Section 80D up to a total of INR 75,000, if you are below 60 years of age and your parents are senior citizens.
If you are above the age of 60 years and are paying a medical insurance premium for your parents, the maximum tax benefit under Section 80D is, then, INR 1 lakh.

COMMON HEALTH INSURANCE TERMS YOU SHOULD BE AWARE OF

1.Sum Insured (SI): Sum Insured is the maximum amount that your health insurance company is liable to pay if you are hospitalized. If the expenses of your medical treatment exceed the Sum Insured opted by you, then you will have to pay the amount over the Sum Insured on your own. Thus, you should opt for health insurance plans with a higher Sum Insured.

2.Pre-existing diseases: If you are suffering from an ailment before buying a health insurance policy, then that ailment come under pre-exiting diseases category.

3.Waiting period: It is the time span that you need to wait before some or all of the coverage for your health insurance policy begins. For e.g. many health insurance policies have a fixed waiting period before they provide coverage for pre-existing diseases.

4.Sub-limits: Sub-limits are caps that your health insurance providers place in order to restrict the expenses that they need to pay for a particular condition. This is mainly done to reduce the fraud claim cases. Most of the health insurance companies have sub-limits on room rents, common ailments, pre-planned procedures, ambulance expenses and doctor's fees. Sub-limit can be a fixed percentage of the Sum Insured opted by you or a fixed amount as agreed between you and your health insurance company.

5.Co-payment: Co-payment or Co-pay is the fixed percentage of the claim amount that you need to pay for your health related expenses before your insurance company pays for the same. Co-pay is decided by you when you buy or renew your health insurance policy. A higher co-pay can help you reduce your premium amount.

6.Deductible: Deductible is the concept of cost sharing between you and your insurance company for paying for your health care expenses. It is a fixed amount that you need to pay every time you make a health insurance claim. High deductible health insurance plans can be beneficial for you, if your visits to a doctor/hospital are less frequent. Also, having high deductible health insurance plans can help you lower your premium amount.

7.Room rent limit: Room rent limit is the maximum coverage your health insurance policy provides you for per day room charges, in case you are admitted to a hospital.

8.Coinsurance: If you have multiple health insurance policies, then you can file a health insurance claim with all of them and you will be reimbursed the claim amount by all the health insurance companies, as per fixed percentage decided by you. This concept is called coinsurance. So, if you decide the coinsurance between two health insurance companies (A and B) as 40% and 60% respectively, then on a claim of INR 1 lakh, company A will reimburse INR 40,000 to you and company B will reimburse INR 60,000 to you, as per the terms and conditions of your health insurance policies.

9.Free look period: Health insurance companies offer a free look period of 15 days to you. In this period you can check out your health insurance policy and decide whether it is best suited for you. If you think that it not an adequate medical insurance plan for you, then you can cancel this medical insurance policy within 15 days. No cancellation charges will be applicable if you cancel the policy within 15 days. However, you will be charged a premium for the number of days you took to take the decision.

10.Grace period: After the expiry of your health insurance policy, you have a time span of 30 days for renewing your health insurance policy. This 30 day period is the grace period. If you renew your policy in these 30 days, then you will get the benefits of your health insurance policy like waiting period, coverage for pre-existing diseases etc. reinstated. But, you will not be covered for any claims you make during the grace period.

DIFFERENCE BETWEEN HEALTH INSURANCE & MEDICLAIM INSURANCE

If you're wondering what the difference between a health insurance plan and a Mediclaim policy is, you just need to read on.

While Mediclaim insurance is a category of insurance, a Mediclaim policy only covers hospitalization-related expenses for the duration of the Mediclaim policy. Unlike medical insurance plans, a Mediclaim plan will not offer comprehensive coverage. There are a few other distinctions between Mediclaim insurance and a health policy in India.

In the below table we've highlighted these differences between medical insurance plans and a Mediclaim policy for you to better understand and make a more informed choice to buy medical insurance online or otherwise.



We hope that this information on Mediclaim and Mediclaim policies helps you understand the distinction between a health insurance and a Mediclaim policy.

LONG TERM VS SHORT TERM HEALTH INSURANCE



HEALTH INSURANCE PORTABILITY

Health insurance portability allows you to switch your health insurance provider without losing the benefits of your existing health insurance policy. So, if you are not satisfied with your current medical insurance plan or you are looking for something more in your medical insurance plans, then you can choose to change your health insurer or your health insurance policy from the same company with all the credits that you gained in your current medical insurance plan.

You have the following options when you decide to switch your health insurance:

You can switch from one health insurance provider to another.
You can switch between medical insurance plans with the same health insurance provider.
You can switch from Individual to Floater policy and vice versa.
You can apply for revised Sum Insured (SI) with the new insurer.
You can enhance the coverages provided with your existing health insurance policy. However, you might need to undergo some medical tests and also, there may be new waiting periods for these coverages.


Health insurance portability criteria:

You can switch your health insurance policy only at the time of renewal.
You should approach your new health insurance provides at least 45 days prior to the expiry of your existing health insurance policy.
You should make sure that there are no breaks in the health insurance renewal process.
You should submit the following documents for health insurance portability:

-Previous policies

-Claim experience in detail

-Proposal form

-Age proof

-If any positive declarations discharge card, investigation reports, latest prescriptions & the clinical condition

Any other document as requested by the insurer