Give You The Best Individual Health Insurance Policies In India

There comes a bunch of facilities along with the purchase of individual health insurance plans. These unique yet lucrative facilities are sure to please every person. Let's have a look at what an individual health insurance plan can cover:

• Individual health insurance policy offers coverage for all pre and post-hospitalization expenses incurred around 30 – 60 days prior to and 90 days after hospitalization.
• Individual health insurance also offers cashless facility when you get your treatment done in a network hospital.
• Even in the event of a non-cashless treatment, the claim amount is refundable but after a formal approval process.
• Individual mediclaim plans cover the charges for diagnostic tests and ambulance up to a pre-defined limit.
• It provides with facilities like daycare procedures. However, this facility is subjected to some terms and conditions.
• Under an individual health insurance plan, pre-existing conditions excluding injury owing to accidents are treated after a defined waiting period. Note that the duration of this waiting period may vary from months to years.
• Any surgery like Cataract, hernia, piles, treatment of Asthma, etc, psychiatric disorders and maternity-related issues are covered after the waiting period.

• It would be a real advantage to buy an individual health insurance plan since it provides with a cumulative bonus of 5% for each claim-free year.
• Under most of the individual health insurance plans, you will not have to undergo any medical test till the age of 45. And for people above 45 years of age, the pre-policy checkup is usually performed at the insurer’s empanelled diagnostic centre.
• Apart from individual health insurance, even if you opt for family health insurance, you will be provided with some discount. The amount of discount basically depends on the insurer and the type of policy you are holding.
• The reimbursement of treatment taken at any non-network hospital is done in a few days.
• You can avail tax benefits on the premium paid under section 80D of Income Tax Act.

• Pre-existing diseases will not be immediately offered any coverage right after you buy the policy. As previously stated, there will be a pre-defined waiting period for the same.
• In case of specific diseases, the cover amount may vary from 10% to 90% of the Sum Insured amount.
• In general, Homeopathic, Ayurvedic or non-allopathic treatments are not covered under this policy.
• Treatment associated with intoxicating substances like drugs, alcohol, etc., is not included under this plan.
• Aesthetic and cosmetic treatments will not be covered under this policy.