Compare & Get The Best Insurance Plans in India

There is no difference between a health insurance policy and a mediclaim policy. Earlier the medical insurance policies were called mediclaim. Later on as the plans started getting more comprehensive, the more appropriate term of health insurance started being used. Even now, we have the PSU plans which are called Mediclaim but offer the same benefits as any other health insurance plan.

The outbreak of Coronavirus (Covid-19) has devastated the healthcare industry. Your health insurance policy will cover the hospitalisation expenses arising from Covid-19 disease. There are also specific health plans for Covid related treatment.

One can make any number of claims in a year. The limit of claims is the cover amount chosen by the policyholder and not the count of claims. You can make as many claims as you want in a policy year, as long as you do not exhaust your cover amount.

You get a free look period of 15 days after you buy a health policy. During this period, you can cancel your policy and get a refund. Even after the free look period, If no claims have been made, you can cancel the health insurance policy anytime and get a partial refund depending on the time of cancellation - Know more here.

There are benefits of buying health insurance at any early age. The chances of any pre-existing illnesses are low, so your policy will get issued without an issue. You can also accumulate No-Claim Bonus and enjoy an increased cover amount as chances of claims are lesser when you are young and healthy. Also, the health insurance policies offer lifelong cover - so once accepted, the cover will continue for life as long as you keep renewing on time.

Yes, you can transfer your medical insurance policy from one health insurer to another. The process of transferring your policy is known as health insurance portability. You can do the transfer at the time of renewal. You should initiate the process 45 days from the date of renewal of your current policy. Know more about health insurance portability.

A family floater health insurance plan provides coverage to the policyholder, spouse, dependent children and parents. You can take a single cover for your entire family or select a dedicated cover amount for each family member. Plans which have a single cover for all your family members are called Family Floater Health Insurance Plans.

Every Health Insurer has tie-ups with several hospitals where the insured person can avail cashless treatment benefit. Such hospitals are known as Network Hospitals of that insurance company. If you avail treatment at a network hospital of your plan, you can avail cashless treatment. If not, you will have to make the payment to the hospital and the insurer will pay your back through the process of reimbursement claim.

Yes, definitely. You can have more than one health insurance plan. Very often, you end up with a corporate plan provided by your employer and your personal health insurance plan. You can make a claim from any of the health insurance plans which you have.

You may have to undergo a medical test before you buy a mediclaim policy if your age is above 45 years or if you have a health condition. The need for medical tests will depend on the underwriting standards of the insurer. Medical tests are conducted to know if there are any pre-existing illnesses and to assess your overall health before issuing the best medical insurance policy.