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Health Insurance

Health Insurance is a type of insurance that covers the medical expenses of the insured due to an illness or accident in exchange for a premium amount. It enables the insurance company to provide medical coverage for hospitalization expenses, day care procedures, critical illnesses, etc. A health plan also offers multiple benefits, including cashless hospitalization and free medical check-ups. Health plan providers offer cashless treament options in their network hospitals. You can also get reimbursement of the medical expenses from your selected hospitals.

Factors considered when calculating Health Insurance premium

  • Medical History
  • Age
  • Lifestyle / Habits
  • City
  • Gender
  • No Claim Bonus

What is Health Insurance

Health Insurance is a contract between the policyholder and the insurer where the health insurance company provides financial coverage to the insured up to the sum insured limit. It offers medical coverage for healthcare expenses incurred during an emergency or planned hospitalization. It also provides tax savings on the premium paid to the insurance company under Section 80D of the Income Tax, 1961

Who should buy Health Insurance

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Benefits of Buying Health Insurance Plans Online

Buying a health insurance policy online comes with several benefits. Take a look at them below:

  • Easier to Compare Plans – It is easier to compare health insurance plans from different insurers online at the icicidirect.com website to make an informed decision.
  • More Convenient – It is more convenient to buy the policy online as you do not have to visit the branch of the insurance company or take an appointment to meet an insurance agent.
  • Online Discounts – It allows you to avail discount on premiums for buying the policy online. Lower Premiums – Health plans are available for a lower premium online as insurance companies save a lot on operational costs.
  • Minimal Paperwork – The process of buying a health insurance policy online involves minimum to zero paperwork.
  • Policy Available 24x7 – A health insurance policy can be purchased online any time of the day, even on public holidays, which is not possible in offline buying.
  • Digital Payment Options – It allows you to avoid cash payments and use digital payments methods to pay the premium online safely.
  • Instant Policy Purchase – A health insurance policy is issued instantly when purchased online unlike offline buying.
  • Time-saving – It saves you a lot of time as the policy is issued within a few minutes of buying.

Why should you buy Health Insurance

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Types of Health Insurance

Buying a health insurance policy is complicated as there are multiple types of plans in the market. Let us help you understand them better to help you make a informed decision.

Individual

Family Floater

Group Policy by employer

Senior Citizen Plan

Top Up plan

Know your Premium / Quick quote

Get Policy Quote

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