About Health Insurance in 2023

Health is the greatest wealth, but sometimes it can be deployed due to unexpected critical illnesses. Hence, it is wise to get secured with a health insurance plan. Generally popular as medical insurance, it is an agreement under which the insurer agrees to pay medical expenses for the policyholder. Under this, the insurer provides coverage for hospitalization, health check-ups, ambulance charges, and much more under the amount insured by the policyholder.

What is Health Insurance?

It is an agreement between the insurer and the policyholder whereby an insurance company agrees to reimburse for medical costs incurred by the policyholder during the tenure of the policy. According to the policy terms, the insured may incur medical expenses if they get ill or meet an unfortunate accident that leads to treatment at the hospital. To avail of the coverage benefits of the policy, the policyholder must pay a specific amount periodically, called a premium. The premium is determined by the insurance company and must be paid by the policyholders without any fail either monthly, quarterly, half-yearly or annually.

Importance of Health Insurance Plans in India

With rising healthcare expenses, access to high-quality medical treatment can drain your finances. Thus, to protect yourself and your loved ones financially against any critical illness every citizen must get insured under a reliable health insurance plan. Here are the top reasons why you should get coverage as early as possible:

Health Insurance Renewal

Each insurance plan comes with a policy tenure. Thus, your plan is valid for a specific time that varies from one insurance provider to another. Renewing the plan is crucial to carry forward the coverage and make necessary changes and add-ons to your health insurance policy. Every insurance provider offers a renewal period under which the policyholder can renew their plan, in case they are not able to make the renewal, the insurance company offers a grace period which also differs from one insurer to another.

In case, you miss to renew your plan on time, then it can lapse and you may not be able to avail of health coverage and other benefits such as No Claim Bonus (NCB). Here are some basic steps that you can follow to renew your health insurance policy.

Step 1: Review your plan: Before renewing your policy, it is crucial to review your existing plan to assess the type of coverage and other benefits offered in it. Thus, this way you will be able to make necessary changes at the time of renewal.

Step 2: Visit the insurer’s website to renew your policy: It is easy to renew a plan by simply visiting the insurance provider’s website. You can use your policy details such as name, registered mobile number/ email address, policy number, date of birth and more to log in on the website. After logging in you will be able to review your plan and make changes or additions to your existing coverage.

Step 3: Make renewal payment: After implementing the changes to your existing policy, you can proceed to renew your policy by completing the payment. If you have opted for add-on covers it can increase your premium. Moreover, you can choose among the following payment options such as credit/debit card, NEFT, net banking, e-wallets, UPI, and more to complete your payment.

Why Should You Buy Health Insurance Online?

Convenience in buying and the availability of a wide variety of plans are major reasons why most people prefer to buy coverage against critical illnesses online. More reasons to buy medical insurance are listed in the section below:

Time-Saving – Unlike the traditional ways of buying a plan where you had to explain all your requirements to the insurance agents and follow the tedious process, online services save your time and let you buy the health plan conveniently. All you need to do is fill out a quote and shortlist the most relevant medical health insurance policy from the ones displayed on your screen.

Easy to Compare Different Health Insurance Plans – The online way of buying a plan has simplified the process of comparison by reducing the paperwork. With a premium calculator, it becomes easy to calculate premiums as well as compare different insurance plans.

Right Decision – The flexibility provided in choosing and buying the best plans is one of the best features of buying insurance online. An online insurance company provides access to all the information like policy quotes, coverage benefits, exclusions, and other terms and conditions to do a comparative study of the most suitable plan.

Information Available 24×7 – There are no time-boundations to buy an insurance plan on online platforms like freejobalertresult.com. Hence, you can easily compare, choose, and buy the most suitable plan anytime at your convenience.

Discounts – Many insurance companies offer discounts on the online purchase of medical insurance. Hence, you have an opportunity to avail of similar or better benefits at comparatively affordable premiums.

Instant Coverage – Online purchase of health insurance plans provides you with instant investment proof, which makes your coverage active from immediate effect. Also, flexible modes of premium payment are available when you buy an insurance policy online. You can choose the mode at your convenience and pay the premium via a secured payment gateway.

If you want to ensure a smooth medical health insurance buying process, then you must pick a reputed insurance company that offers you enough information about the health insurance plan purchased.

Key Features of Health Insurance Plans

Following are the key features of medical health insurance plans. It is recommended to compare these features with similar health insurance plans before shortlisting one online.

Sub-Limits on Room Rent – Some insurance companies come with a feature of sub-limits on room rent. This means that there is a maximum amount that an insurance company shall pay in case of a claim. Generally, this limit is up to 1% of the sum insured and a maximum of 2% in case of ICU expenses. But there are several general insurance companies that offer health insurance plans without any sub-limit on room rent. Hence, it is recommended to go for such plans.

Pre-Existing Diseases – The diseases from which you are already been suffering before the purchase of medical insurance policy are considered pre-existing diseases. Hence, this is the reason why insurance plans come with a waiting period rather than offering cover from the first day. During this waiting period, no claims are admissible. Thus, you should choose a policy with a minimum waiting period.

Co-Payment – Co-payment is a situation when the insurance company and policyholder join hands to share the cost in case a claim arises. A co-payment can be decided in percentage or in amount. So, to take care of your savings, you must choose a plan that comes without any co-payment.

Network Hospital – Network hospitals are the hospitals that have tie-ups with health insurance companies where the insured can avail of high-quality treatment without spending a penny at the hospital. The benefit of availing of cashless treatment comes with this feature. If a policy does not offer this feature, then you will be required to pay the expenses incurred at the hospital, from your own pocket, and the insurance company will reimburse you for the same later.

Hence, it is recommended to study the data of network hospitals connected with the insurance company nearby your residence to get speedy premium-quality treatment in case of an emergency.

Benefits of Comparing Medical Insurance Plans Online
Some of the benefits of comparing insurance plans online are mentioned in the section below:

Utmost Ease – Comparing a variety of health insurance policies online is easy peasy. Simply, you can use the freejobalertresult.com premium calculator to compare different plans. It is a free tool which makes it easier for you to decide which insurance policy you must opt for.

Free Quotes – Insurance Dekho premium calculator is a free tool that you can use to check quotes and coverage benefits available a number of times without paying anything.

Convenience – As compared to the old-school ways of differentiating the plans, the comparison of insurance policies online is more convenient than offline. The process will become too tedious if you have to visit different locations to get quotes and understand the coverage benefits before shortlisting the insurance plan. Hence, it becomes easier to buy when you compare plans online.

24*7 Availability – You can compare insurance plans anytime at your convenience. Unlike the online process, the offline process has fixed working hours and hence you won’t be able to visit an insurance company’s branch office late at night to compare the plans.

Saves Time – When comparing health insurance plans online, you will not be required to spend so much time filling forms or discussing with agents or executives. All you need to do is fill a quote and several health insurance plans will be displayed on your screen which you can compare easily. This saves you enough time.

Saves Money – While visiting different offices for comparing the plans can spend a lot of your bucks. Thus, comparing the insurance policies online will help you save your travelling expense as you do not have to visit different offices to compare the plans. Also, you have an opportunity to choose and buy the most affordable plan which your insurance agent may not recommend to you.

Useful Premium Calculator – A health insurance premium allows you to calculate premiums of different insurance plans, compare, and customize the plan as per your budget and requirements. As you change the variables, you will see the premium change. This way, you can choose the most economical insurance policy for yourself and your loved ones.

Right Coverage – While comparing the medical insurance plans offline, you may be restricted to understand the coverage benefits of a few plans. However, comparing the plans online will allow you to search for the desired coverage by comparing as many insurance plans as you need.

Power to Choose – You should have the power to make decisions when it comes to your health. Comparing health insurance plans does this job for you as it eliminates any influence from the agents or insurance executives. This way, it also helps you make an informed choice.

Customer Support – You can easily compare various medical insurance plans online. The process is indeed very transparent, and you can easily navigate the information about sub-limits, critical illnesses, and sub-limits. If you have any questions, you can call customer service to get the answers.

Key Factors To Consider Before Buying Health Insurance Plans

Before shortlisting an insurance policy, consider the following factors to make the best purchasing decision:

Claim Process – Before buying a health plan always consider the number of claims settled by the medical insurance company. The entire purpose of buying an insurance plan is to get secured financially against unexpected critical illnesses. If the claim settlement process is smooth then it is advantageous for the insured. Additionally, you must look for great customer service.

Family Members to be Covered – You must consider the family members whom you want to cover under the insurance benefits. Under family floater health insurance plans, you can seek cover for yourself, your legally wedded spouse, children, parents, and grandparents. Moreover, age, present ailments, and family medical history are important factors that you should keep in mind. Also, you must inform your insurance company in case any of your family members have a pre-existing disease.

Sum Insured – The sum insured should be carefully chosen because it covers you and your loved ones for medical expenses incurred during the policy term. You should consider your income as well as your age when deciding on the sum insured for your medical insurance policy. Make certain that the sum insured is not insufficient and that the premium is not excessively high.

Add-on Benefits – Add-ons are additional benefits that you can include in your health insurance policy, for extensive coverage. You can choose them voluntarily by paying an extra premium at the time of policy purchase.

Network Hospitals – Availing treatment at network hospitals is very convenient as they allow cashless treatment to the insured. This is why you should check the number of network hospitals associated with an insurance company. It is recommended to choose an insurance provider that has a maximum number of network hospitals. Also, make sure to select the one nearby your place of residence to save time in case of an emergency.

Coverage Benefits – Benefits of coverage should be one of your top priorities while choosing the best insurance policy to cover yourself and your dear ones. Different plans come with different coverage features which you should choose as per your requirement. Common coverage benefits under insurance plans include in-patient hospitalization expenses, pre-hospitalization and post-hospitalization expenses, road ambulance expenses, daycare expenses, domiciliary expenses, and more.

Lifetime Renewability Benefit – Older age individuals are more vulnerable to diseases as compared to younger. Therefore, you must buy an insurance plan with a lifetime renewability benefit to eliminate the chances of buying a new plan at a higher cost.

Free Medical Check-Up – The cost of regular medical check-ups can also put a hole in your pocket. So, it is advised to consider the insurance plan that will cover your medical check-ups.

Waiting Period – The waiting period is a duration at which an insurance company does not provide the benefits of your insurance plan. This is why you should choose a plan that comes with the least waiting period. There are different types of waiting periods such as initial waiting period, waiting period for pre-existing illnesses, waiting for a period for specified illnesses, etc, which you should be informed about, before shortlisting an insurance policy.

Premium – The purpose of buying an insurance plan is to reduce financial stress in case of any medical emergency in future. You must choose a plan with an affordable premium so that you continue your policy for a longer period without any financial stress at present. However, choosing a medical insurance policy with a low premium is not always advisable as it may not get you enough coverage in case of an emergency.

Type of Policy – Evaluate your needs thoroughly to identify the type of health insurance that would be advantageous to cover you and your loved ones. After understanding your requirements, you can choose from different types of plans available in the market such as individual plans, family floaters, senior citizen plans, critical illness plans, maternity insurance, and many others.

Exclusions – Exclusions are the conditions for which you cannot make a claim, under your health insurance policy. Hence, when choosing a policy, you must opt for the one with the least number of exclusions. Some common exclusions under health insurance plans are treatment required due to self-harm, treatment required due to participation in adventure sports, etc.

Benefits of Health Insurance

The benefits of medical insurance policies are not limited to providing mental peace. It offers a wide array of benefits to the insured. Find some of the key benefits of health plans in the below section.

Comprehensive Coverage

In case of any medical emergency, a health plan will protect you against medical expenses. Generally, insurance policies cover in-patient hospitalization expenses, pre-hospitalization and post-hospitalization expenses, ambulance expenses, domiciliary hospitalization expenses, daycare procedures, organ donor expenses, AYUSH system of medical treatments, and so on.

Lifetime Renewability

According to the guidelines of the Insurance Regulatory and Development Authority Of India (IRDA), it is significant to provide policyholders with lifetime renewability advantages. It enables you to renew your insurance plan without any age restrictions. The feature is of great advantage for parents and senior individuals since they can renew their existing insurance plans without having to hunt for new health plans in their old age.

Cashless Treatment

Insurance companies have tie-ups with certain hospitals, known as network hospitals, where the insured can avail of cashless treatment. If you avail treatment at these hospitals, the insurance company will directly settle the bills at the hospital, and you will not be required to pay anything for the treatment availed, except for non-medical expenses incurred.


In case you are dissatisfied with your existing health plan or company, the portability feature will allow you to switch from your existing insurance company to another. Hence, this feature will save your right of being abused or taken for granted. If you are not happy with your existing plan or company you can shift by following the simple and easy steps.

Tax Benefits Under Section 80D of the Income Tax Act, 1961

Under Section 80D of the Income Tax Act of 1961, the government of India promotes health policies by providing tax exemptions of up to Rs. 1.5 Lakh on premiums paid for insurance plans. Individuals can also claim a tax deduction of up to Rs. 25,000 for insurance coverage for themselves, their spouses, and their dependant children. Besides, you can also claim a tax deduction of up to Rs. 25,000/Rs. 50,000 for health insurance policies purchased for parents over the age of 60.

Health Insurance Portability

The transfer of your existing insurance from one company to another is referred to as health insurance portability. With this feature, a policyholder can switch insurance companies without losing the benefits of their existing plan. If as a policyholder, you are dissatisfied with your current insurance policy or are looking for a better health plan, you can change your insurance provider while retaining all of the benefits or credits of the existing one. Some alternatives that a policyholder must consider while transferring their health policy or insurance provider are as follows:

The policyholder can switch from one insurance company to another.

Within the same insurance company, the policyholder can switch between the medical plans.
The policyholder can transfer their individual health plans to a family floater plan and vice versa.
Also, the policyholder can apply for a revised sum insured with a new insurance company.
The policyholder can also enhance the coverage of their existing health plans. However, you may undergo a medical examination that sometimes may also result in new waiting periods for the enhanced coverage.

Health Insurance Portability Criteria:

Check out the portability criteria of a health plan in the below-mentioned section.

You can switch your health plan only at the time of renewal.
When considering transferring an insurance policy, the policyholder should contact the new company at least 30-45 days before the expiry of the present medical policy.
Provide necessary documents at the time of porting the insurance policy. The documents can be – Previous policy documents, claim experience, age proof, identity proof, proposal form and other documents requested by the new insurance company.
Ensure that there are no breaks in between the renewal process of your health plan.

Does Your Medical Insurance Policy Cover COVID-19 Treatment?

According to the guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI), it is mandatory for all general and health policy providers to cover COVID-19 treatment expenses in the existing plan of policyholders. The regulatory authority issued a circular on March 4 that directed insurance companies offering health insurance plans to include cover for COVID-19, irrespective of which policy the insured is covered for.

Are you already covered with any type of health plan? Then You must know the following details:

• An initial waiting period is applied, which is 30 days in most health insurance plans.
• The claim process for COVID-19 is the same in regular health insurance plans like any other medical condition.
• Cover for pre-hospitalisation and post-hospitalisation expenses is offered as per the terms and conditions of the policy selected.

In addition to COVID-19 coverage in existing health plans, the IRDAI has created COVID-19 medical insurance policies, namely Corona Kavach and Corona Rakshak. Both are short-term plans that cover families and individuals, with the former being an indemnity-based policy and later being a benefit-based policy. Both plans make you feel financially secure if you are diagnosed with COVID-19.

Arogya Sanjeevani Health Insurance Policy

Arogya Sanjeevani Policy is a standard health insurance product which aims to simplify health insurance for people by providing them with a basic and standard plan. An Arogya Sanjeevani Health InsurancePolicy is offered by all health insurance companies with exactly the same benefits. An Arogya Sanjeevani Health Insurance Plan comes with the following features –

No medical check-up up to the age of 45 years
Sum insured between Rs. 1 Lakh to Rs. 5 Lakh
Policy tenure of 1 year with lifetime renewability benefit
No claim bonus of up to 50% of the insurance premium
Waiting period of 30 days for all illnesses except accidents.
What Is The Difference Between Health Insurance And Mediclaim Policy?
If you have a health insurance policy or a mediclaim policy, you can take advantage of medical insurance coverage benefits in case of an emergency.

What is Mediclaim?

A health policy called Mediclaim only provides you with specific financial protection for costs associated with hospitalization. It covers any necessary hospitalization brought on by an accident, an unexpected illness or operation, as well as any surgeries performed within the insurance period. There are two types of medical claims: reimbursement and cashless.

What is Health Insurance?

It is a comprehensive insurance plan that will provide coverage to the policyholder for unexpected medical and surgical costs. With a health plan, you can avail of cashless treatment or reimbursement for the cost of the covered treatments.

To understand the difference between a medical insurance and mediclaim policy,

Which Health Insurance Plan Should You Buy?

If you are planning to buy a health protection plan, then you can choose from several health insurance plans that are available in India. These include family floater plans, senior citizen health plans, critical illness insurance plans, maternity insurance, and much more.

In case you have a huge family or one with senior parents, then it is recommended that you should buy an individual health plan over a family floater policy. Moreover, you can also buy a separate senior citizen insurance policy for parents in this case.

Whereas a family floater medical insurance policy is recommended for a young couple or a small family. Kindly note that when going for a family floater health insurance policy, you must choose a higher sum insured so that it is sufficient for all family members.

When choosing the best health insurance policy, there are many other factors besides the premium that should be considered. The right approach will be to seek maximum coverage for all the family members at the most affordable premium. It is recommended to do enough research in order to zero down the most suitable insurance policy for yourself and your family.

Hence, after deciding which plan to buy, you can also buy add-on covers to get extensive coverage. Though it is not mandatory to purchase add-ons covers, but looking at their advantages it is suggested that you can buy them voluntarily at the time of policy purchase. Some popular add-ons offered under health insurance plans are room rent waiver, hospital daily cash, second e-opinion, critical illness cover, air ambulance cover, and many others.

Why Buy A Health Insurance Plan at An Early Age?

Check out the top reasons for buying a health plan at an early age in the below section.

Lower Premium – Youngsters of the age of 20 years will have to pay a lesser premium on health plans than those older of age 52 years. The idea behind this is that older people are more vulnerable to getting ill because of a weaker immune system. So, it is suggested to purchase a health policy at an early age.

Lesser Exclusions – Many medical insurance plans come with restrictions on coverage offered, due to which you may not be able to avail full-fledged cover on buying a policy in later years of life. But if you buy a health insurance policy at an early stage in life, when you do not have any health condition, then you will be able to enjoy a full-fledged health cover.

No Health Check-Up – When you purchase a health plan at an early age, there is not any need of undergoing a medical examination. However, most insurance companies will ask you to have a medical test before purchasing a policy at an advanced age, let’s say at 50. Additionally, if a health condition is revealed in the medical test results, you can be obliged to pay a higher premium due to the increased risk of hospitalization.

No Claim Bonus – You will be able to start accumulating No Claim Bonus early on by buying an insurance policy timely. You can use this NCB in your senior years when you are more susceptible to illnesses and may need to file a claim. However, if you get the policy later in life, you will not be able to benefit from such expanded coverage.

Aligned Finances – If you buy a health policy at a young age, then you have time to plan your finances for the long term. However, if you buy it in your latter years, your financial planning may go wild. As a result, it is recommended that you purchase health insurance coverage when you are young so that financial planning can begin early and that you are prepared for any kind of crisis.

Waiting Period – Waiting periods for various conditions are included in health plans, some of which you are more prone to get in old age. The benefit of purchasing health policies when you are young is that you can complete the waiting period sooner and use the policy advantages when you need them.

Rejections – As you will be more prone to illnesses in your old age, therefore there are higher chances of your health insurance application getting rejected then. Thus, it is advised to purchase insurance policies early on to reduce the likelihood that your application will be denied.

Pre-Existing Conditions – There is a potential that you may already have pre-existing conditions if you get health coverage later in life. But before you may receive the advantages of the coverage, you must first finish a waiting period. On the other hand, if you get the insurance while you are young, you will already have finished the waiting period and be able to access the necessary coverage by the time you might need coverage for pre-existing conditions.

Tax Benefits of Health Insurance

Under Section 80D of the Income Tax Act, 1961, every Hindu undivided family can claim tax benefits. You can avail of tax benefits on the premium paid for yourself and your family members including spouse, dependent children, or parents.

The deduction from the total income can also be availed on the premium paid for top-up health insurance plans as well as critical illness plans, apart from regular insurance plans.

Refer to the table below to comprehend the amount of deduction now offered to a single taxpayer in various circumstances.

Understand Terms Included in Your Health Insurance Policies
Explained below are terms that you must know in order to understand your health insurance policy better:

Co-Payment – Health plans compensate you for healthcare expenses incurred during a treatment that is covered under your policy. However, co-payment occurs when the insured and the insurance company share the expenditures at the time of the claim. In general, health policies with a co-payment clause have lower premiums. This feature is most commonly found in senior citizen health insurance plans.

No Claim Bonus – It is a reward that a medical insurance company gives to the insured for not making a claim in a particular year. For instance, an increase in the sum insured by a fixed percentage according to the policy, not more than 50% of the sum insured, if the policy has been renewed continuously.

Deductible – Deductible is identical to co-payment. It is a fixed amount in rupee terms that are shared by the policyholder, and not the insurance company, at the time of claim. It is, however, decided by the insurance company if the insured is required to pay this amount per year, per life, or per event.

Dependents – Family members including legally wedded spouse, unmarried children, and more who are financially dependent on the insured are known as dependents.

Exclusions – There is an innumerable list of conditions that are not covered under the health plan during the policy tenure by insurance companies. Hence, these leftovers are known as exclusions. Some common exclusions under health plans are treatments required due to participation in adventure sports, Injuries due to self-harm, insured committing a breach of law, etc.

Grace Period – The grace period is a specific period of time that is given to the policyholder to pay the premium to continue availing coverage benefits under the policy, immediately after the expiry of the due date or premium payment. Hence, if you will pay the premium during this period, then you can continue to avail the policy benefits. However, in case you forgot to pay your premium during the grace period also, then your policy may lapse and you may lose all the accumulated benefits.

Insurer – The insurer is the insurance company from which you choose to buy the relevant health plans and get protection for yourself and your family.

Premium – A fixed amount that must be paid on a regular basis in order to continue receiving benefits from your health plan.

Policy – It is a legal contract between an insurance company and the insured, that contains all the terms and conditions of the insurance.

Pre-Existing Disease – Any condition, illness, or accident for which the insured had symptoms within the past 48 months before purchasing a health policy falls under this category. After a certain waiting period, pre-existing conditions are often covered by the policy. Therefore, it is advised to report any pre-existing conditions in order to prevent complications at the time of claim settlement.

Network Hospital – Network Hospitals are referred to those medical care centres that have a partnership with an insurance provider and are entitled to pay cashless care to the insured. To ensure maximum ease in the event of an emergency, it is advised to select an insurance carrier with a large number of network hospitals.

Portability – In case the insured is dissatisfied with their existing company or policy, they can either switch from one company to another or maybe change their insurance plan to another. The portability feature can only be availed of if the insured has maintained their plan without any lapse. Portability allows you to transfer the accumulated benefits as well such as waiting for period benefits, NCB, and much more.

Sum Insured – It is the sum amount that an insurance provider is liable to pay to the insured at the time of claim. For instance, if a health insurance policy’s sum insured is Rs. 5 lakh and hospitalization costs total Rs. 2 lakh, the insurance company will pay the costs. However, the insured will be responsible for paying any additional costs if the expenses are greater than the maximum sum insured.

Waiting Period – This is a fixed time period for which the medical insurer does not cover you, even after the commencement of the policy term. Waiting periods can be of different types such as initial waiting period, waiting period for specific diseases, waiting period for pre-existing diseases, etc. The waiting period is calculated from the date of commencement of the policy.

Free Look Period – It is the time period in which insured can understand all the details, features, benefits, terms and conditions of their health insurance policy. During this period, if the insured is not satisfied from their plan, then they have a choice to cancel the policy.

Waiting Period In Health Insurance

Even after purchasing a health plan, insured is not entitled to receive the entire value for some conditions that are mentioned in your policy due to a waiting period in health insurance. Hence, this means that insured person will only be eligible to get coverage benefits for pre-existing diseases after completing a specific time-period, which is determined from the beginning of the policy.

Types Of Waiting Period In Health Insurance

Following are the types of waiting period in health insurance-

Initial Waiting Period: Initial period, that is also known as cooling period, is that in which the policyholder has to wait for a certain number of days before receiving any claim benefits under the plan. Most of the health insurance plans come with a waiting period of minimum 1-month and maximum 90 days.
Pre-Existing Diseases (PED) Waiting Period: It is a pre-existing disease waiting period that the insured acknowledges at the time of policy purchase. According to the Insurance Regulatory and Development Authority of India (IRDAI), a pre-existing disease is defined as any condition, accident, ailment, or disease detected within 48 months of the policy acquisition. Pre-existing illnesses include thyroid, hypertension, and diabetes. Pre-existing conditions are usually subject to a 1-4 year waiting period in most health insurance coverage.
Waiting Period for Specific Diseases: There are some conditions, including hernias, tumours, ENT disorders, cancer, strokes, and cardiac problems, that come with a specific waiting period. This period for specific diseases vary from insurer to insurer and can found in the policy provision of each company.
Maternity Waiting Period: If you are planning to start your family very soon, then you can add maternity coverage to your standard health policy. With this plan, your pregnancy expenses and a newborn baby care cost will be covered. However, a policyholder can avail benefits only after the waiting period of 2 years to 4 years.
Waiting Period for Bariatric Surgery: Under a variety of health policies, bariatic surgery is also covered. It is a procedure that involves stomach or intestines surgery done to assist a patient with severe obesity-related disorders. The individuals who are experiencing health problems and are with a BMI of over 40 usually undergo bariatic surgery.
Waiting Period for Coronavirus: Many people in India are purchasing coronavirus specific health policies for themselves and their loved ones because of the increased frequency in the number of cases and a high treatment cost. However, insured must have to wait for 30 days before receiving coverage benefits such as hospitalization and therapy under these plans.

What Is The Importance Of Waiting Period In Health Insurance?

The purpose of a waiting period in health insurance is to prevent people from claiming benefits under a policy for the wrong reasons. People without health plans have purchased plans after being given a specific diagnosis, often without disclosing the diagnosis to the insurance company. The concept of a waiting period is also included in health policies to stop unethical behaviour like this.

How To Calculate Health Insurance Premium Online?

With the help of health insurance premium calculator, you can easily estimate the value of your health plan or medical insurance policy. The online tool will calculate the premium on your health plan without any hassle. Moreover, it is a free tool through which you can compare a variety of available plans to choose the most suitable for yourself as per your requirements and budget.

The premium is calculated after considering various factors such as BMI, age, lifestyle, income, gender, no. of members to be covered under the plan, and many others. Hence, to avoid any discrepancy in calculating the premium, it is advised to provide the correct details.

Following are the steps to be followed in order to use health insurance premium calculator online:

Visit an official website of freejobalertresult.com and click on ‘Health’.
Enter your personal details such as name, age, gender, city, mobile number, no. of members to be covered, and much more. Then click on ‘View Instant Quote’.
You will able to see the most suitable health plans with their premiums displayed on the screen.
Among a variety of options, you can select the most suitable plan as per the premium and coverage benefits that are offered by different companies.
What Are The Factors That Affects Health Insurance Premium?
The premium of a particular health policy for an individual is determined by a number of variables. They are described below:

Age – Companies that provide medical insurance generally adhere to the rule that older the customer, the higher the premiums. This is due to the fact that as people age, their susceptibility to illness increases, increasing the likelihood that they would file a health policy claim. As a result, premiums increase with age and vice versa.

Past Medical History – In case you have a history of any kind of medical condition, then the health insurance company will charge you higher because of the fact that you have a higher chance of getting hospitalised. But you will be charged a comparatively lesser premium if you do not have any past of medical problem.

Lifestyle Habits – Lifestyle habits such as excessive smoking or drinking deteriorate your health and make you more prone to illnesses. If you lead this lifestyle, your health may be at risk, increasing your likelihood of filing a claim. You will pay a greater premium for health plan as a result compared to someone who does not smoke or drink frequently.

Policy Term – Policy term is another crucial factor that decides the premium for a health insurance policy. You can choose from different policy terms such as 1 year, 2 years, or 3 years, according to its terms and conditions. The higher the policy term you opt for, the higher premium you will be required to pay, due to the higher coverage offered.

Add-On Covers – For comprehensive coverage, you can add add-on covers to your health insurance policy. You will need to pay an additional premium for this when you buy your insurance. The greater the number of add-ons covers you buy, the higher premium you will be required to pay for it.

Co-Payment – Premiums for medical insurance plans that come with a co-payment clause are generally low, due to the cost-sharing involved. Therefore, if you choose a health insurance policy with a co-payment option, then you will be required to pay a lesser premium and vice versa.

Body Mass Index – You run a higher chance of developing health problems if your body mass index is higher than average. Your premium will be expensive as a result. However, if it is normal, you will be liable to pay a lower premium.

How To File A Health Insurance Claim?

Claim under a health insurance policy can be made in two ways – in a cashless manner and in a reimbursement manner. A cashless claim is when you receive treatment at a network hospital of the insurance provider who is servicing your policy. If the claim request is accepted, the insurance company directly settles the bills at the hospital. Whereas in reimbursement claims, you are required to pay for the hospital bill from your own pocket first, and make a claim request with the insurance company later. The insurance company will process your claim and reimburse you for the same after accepting the claim. You can make a health insurance claim by following the simple steps given below:

Step 1: Visit the network hospital or the hospital of your choice and inform the insurance company about the hospitalisation.
Step 2: Fill the pre-authorization form at the hospital’s TPA (third-party administrator) desk.
Step 3: You will receive an approval letter by the claim management team.
Step 4: Respond to the query raised by the claim management team, if any.
Step 5: Avail the required medical treatment.
Step 6: The insurance company will directly settle the bills at the network hospital as per the terms and conditions mentioned in your policy.

Documents Required For Health Insurance Claim Reimbursement
The documentation needed in the case of a reimbursement claim are as follows:

• Valid identity proof.
• Duly signed and completed original claim form.
• Doctor’s prescription recommending hospitalisation.
• Original pharmacy bills.
• Original prescription for medicines, consultation, and diagnostic tests.
• Indoor case papers.
• Ambulance receipt.
• First Information Report (FIR), if applicable.
• Policy details with the insured person(s) name, policy number, illness, and address.
• Any other document if required by the insurer.

Listed below are additional documents required in case of a cashless medical insurance claim:

• Pre-authorization form.
• Valid identity proof along with a photograph.
• Documents like voter ID card, driving license, PAN card, and Aadhar card.

Am I Eligible to Buy a Health Insurance Plan?

Eligibility Criteria to Buy Health Insurance
The need for health policy is paramount since medical care, particularly in the private sector, is costly and can be difficult to afford. Paying a small annual premium can undoubtedly assist to reduce your worry by preventing a difficult situation during a medical emergency or illness.

You may easily get a good insurance plan online that often pays some or all of the costs associated with hospitalization, ambulance services, and doctor consultation fees. Here are the eligibility criteria-

Entry age for adults- 18-65 years (exclusive plans are provided for people above 70 years of age.)
Entry age for children-90 days-18 years.
Purchasing a health policy coverage at a young age can save money because the insurers may not need you to take any medical exams.

Eligibility Criteria to Buy Health Insurance
Documents Required to Buy Health Insurance Online
Following mentioned are a few documents that you must be able to show to buy a health policy online:

Age proof: Either of the following-Birth Certificate, 10th or 12th mark sheet, Driving License, Passport, Voter’s ID, etc.
Identity proof: Either of-Passport, Driving License, Voter ID, PAN Card, Aadhar Card, which proves one’s citizenship.
Address proof: Either of-Electricity bill, Ration Card, Telephone Bill, Passport, Driving License with your permanent address clearly mentioned on it.
Medical check-up: Some plans require health check-up to ensure that the individual is not suffering from any chronic illness.
Documents Required to Buy Health Insurance Online
How To Buy Health Insurance Plans With freejobalertresult.com?
The following mentioned are some of the steps to buy health insurance from freejobalertresult.com-

Fill Your Details: Visit the official website of freejobalertresult.com and browse to ‘Health Insurance’. Enter your personal details such as name, age, gender, and more. Moreover, you can talk to the experts as per your convenience through WhatsApp. Click on the “View Plans” Button to see available plans. Select the family members you want to insure like your father, mother, son, and others.
Compare Different Health Insurance Quotes: Once you enter the above details, different health insurance quotes will get displayed to you. Compare the available plans and select the health insurance that suits you and your requirements perfectly.
Make the Payment: After selecting the best health insurance plan for yourself, select or adjust the sum assured and the term of the policy.
Once all the details are provided by you, make the payment. You can make the payment through credit\debit card or netbanking.