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Contents
- Individual Health Insurance
- What is an Individual Health Insurance Policy?
- What are the Key Benefits of an Individual Health Insurance Policy?
- What are the advantages of an Individual Health Insurance Policy?
- How to buy an Individual Health Insurance Policy?
- What are the Exclusions under an Individual Health Insurance Policy?
- How to claim Health Insurance?
- Buy an Individual Health Insurance Policy in 3 Hours!
- FAQS
- 10. Testimonials
Individual Health Insurance
We live in times where lifestyle diseases are increasingly common. Due to sedentary lifestyles, most people are suffering from Hypertension, Diabetes etc.
Critical Illnesses like Cancer are also becoming increasingly prevalent on account of air polluation, smoking etc. A report in WHO estimated that 1 in 10 Indians likely to suffer from Cancer during their lifetimes.
Did you know that the Average Treatment Cost of Cancer can easily exceed a Couple of Lakhs while that of a Bypass Surgery can exceed 5 lakhs?
Such unplanned expenses can put a big dent in your savings and impact lifestyle.
It is thus necessary to be prepared for such emergencies by opting for an Individual Health Insurance Policy.
What is an Individual Health Insurance Policy?
An Individual Health Insurance Policy implies a separate Health Insurance Policy for each and every person. The Sum Insured is applicable exclusively to the Insured Person.
The Individual Health Insurance Policy will reimburse for the hospitalisation expenses of the Insured Individual. It also pays for Pre and Post-Hospitalisation Expenses as well usually for 60 days and 120 days respectively.
What are the Key Benefits of an Individual Health Insurance Policy?
The Key Benefits of an Individual Health Insurance Policy are as follows:
- Covers Hospitalisation Expenses
- Covers Pre and Post-Hospitalisation Expenses
- Maternity Benefit for some plans
- No Room Rent Capping
- No Co-Payment
- Covers Day Care Treatments
What are the advantages of an Individual Health Insurance Policy?
- The Sum Insured is applicable only for the Insured Person.
- Individual Health Insurance Plans are suitable for mainly Older Aged People as they are at a greater risk of developing medical complications.
- The Premium Paid is Tax-Deductible under section 80D of the Income Tax Act.
- Discount on Premiums if 2 or more Family Members opt for an Individual Health Insurance Policy together.
How to buy an Individual Health Insurance Policy?
You will need the following documents to purchase an Individual Health Insurance Policy:
- Duly Filled and Signed Proposal Form
- Photo ID proof of the Insured person
- Address Proof of the insured person
- Premium Cheque
- Insurance Companies ask for Medical Reports if you have some Pre-Existing Diseases or if you are above 45 years of age
What are the Exclusions under an Individual Health Insurance Policy?
The Common Exclusions under an Individual Health Insurance Policy are as follows:
| Exclusions under an Individual Health Insurance Policy | |
|---|---|
| An Individual Health Insurance Policy does not cover Pre-Existing Diseases before the end of the Waiting Period | Medical Expenses related to Cosmetic Treatments and Plastic Surgery are not covered under an Individual Health Insurance Policy. |
| Medical Expenses related to certain illnesses like Hernia and LASIK Surgery are excluded from the cover of an Individual Mediclaim Policy. | |
How to claim Health Insurance?
In order to make a Reimbursement Claim under your Health Insurance Policy, you need to submit the following documents to your Insurance Broker:
- Insurance Policy Copy
- Duly Filled and Signed Claim Form
- Photo Identification Proof of the Insured
- Address Identification Proof of the Insured
- Cancelled Cheque
- Diagnostic Reports, Doctor’s Prescriptions
- Hospital Bills, Pharmacy Bills
- Hospital Discharge summary
In order to request a Cashless Claim Settlement, you just need to provide your Insurance Policy E-Card at the Network Hospital.
100% No Claim Bonus
24/7 Claims Settlement
No Room Rent Capping
Lifetime Renewal
Long Term Policy Discount
Buy an Individual Health Insurance Policy in 3 Hours!
Have any queries or doubts regarding Health Insurance? Want to purchase an Individual Health Insurance Policy for yourself or your loved one?
Qian is an Experienced Insurance Broker for Health Insurance. We are empanelled with all Insurance Companies and can offer customised Health Insurance Plans which suit your requirements and budget.
Please feel free to reach out to us at insurance@qian.co.in or 📞 022-35134695 📞 022-35134695 or fill this Contact Form.
FAQS
Will Individual Health Insurance Policy cover CoVID 19 Claims?
Yes, Individual Health Insurance Policy covers Hospitalisation Claims on account of Coronavirus (CoVID19 Claims).
What is the duration of Health Insurance Policies?
Individual Health Insurance Policies are generally Annual Policies. However, there are options to Purchase Health Insurance Policies for a duration of 2 or 3 years as well.
What is the Cost of an Individual Health Insurance Policy?
The Premium for an Individual Health Insurance Policy depends on various factors such as:
- Sum Insured Selected
- Add On Covers Opted
- Age of the Insured
Will Individual Health Insurance Policy pay for my treatment in USA?
Most Health Insurance Policies pay for Hospitalisation Treatments in India only. However, there are some Health Insurance Policies that also pay for treatment on a Worldwide basis as well.
If you wish to avail of a Commercial General Liability Insurance for your business, you can email us at insurance@qian.co.in
You can reach out to us at insurance@qian.co.in to know more.
Testimonials
Average Customer Rating:
0 / 5 Star (0 reviews)
Hemik of Qian is knowledgable, prompt and very professional - highly recommended. I had to claim for a critical illness under my health insurance policy and Qian’s assistance with the claims process and advice on how to deal with the insurer was invaluable.