Did You Know ?

Did you Know ?

Why Health Insurance in India is a must ?

Health industry is a advancing in a competent pace with the invention of new equipments and technology. Private hospital provide a competent treatment in terms of quality and technology. Everyone opt for a quality treatment which is considerably expensive. Health Insurance reduces this burden. and paves way for easy access to qually health to all. It is an absolute security for family and aids you at time of emergency and minimize your monetary burdens.

Is there an Income Tax exemption under Health policy ?

Premium paid under the Health insurance Policy is exempted from Income Tax under section 80D of the Income Tax Act up to Rs. 15,000 for individual covering his family and dependent Children.

In case the proposer intends to cover his parents under medical insurance, he is eligible for a deduction of another REs. 20,000 under section 80D.

Whar are the expenses covered by a health insurance ?

A Health Insurance Policy ideally covers-

• In-Patient Treatment-Pay for the expenses incurred hospitalization to an illness or accident. It covers charges for medical practitioner, nursing, ICU charges, medicine, room rent and other related charges.
• Pre-Hospitalization -Expenses incurred due to the illness immediately before hospitalization.
• Post -Hospitalization -Expenses incurred immediately after the discharge from hospital
• Day- Care procedures -Expenses for the cases that donot require 24 hours hospitalization.

What do you mean by Cashless Hospitalization ?

In the event of hospitalization, the patient or their family will have a bill to pay the hospital. Under Cashless Hospitalization in the patient does not settle the hospitalization expenses at the time of discharge from hospital. The settlement is done directly by Star Health Insurance.

What is the maximum number of claims allowed over a year ?

Any number of claims is allowed during the policy period. However the sum insured is the maximum limit under the policy.

What is the Family Floater Plan ?

One single policy takes care of the hospitalization expenses of your entire family. Family Floater Health Plan takes care of all the medical expense during sudden illness. surgeries and accidents.

What are the crucial factors to check with the health insurance policy ?

• List of hospital tied up with the insurance company.
• Exclusions in the policy should be read thoroughly to avoid chaos at the time of claim.