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Health Insurance 3468 views December 11, 2019
A health insurance policy is a way of protecting ourselves from the uncertainties of life in every possible way. Health insurance policy is an instrument that helps us in safeguarding and providing protection against the financial burden caused due to medical emergencies. Investing in a health insurance policy is a smart decision as it provides maximum financial protection so that your savings are not drained.
Today, buying a health insurance policy is a necessity as the healthcare expenses are on a constant rise. Also, our current sedentary lifestyle pattern makes it more important to avail health insurance as we frequently require healthcare assistance. Care health insurance company limited is one of the leading health insurance providers in India, dedicated to offering a specialized range of health insurance products. The company has a strong and robust presence, across various locations in India. Apart, from the strong presence, the company also has a strong online presence that makes buying of policy easy and hassle-free.
Table of Contents
Advantages of Buying Care health Insurance Plans?
Today, a health insurance plan is a necessity as the rising cost of medical treatment. A health insurance plan protects an individual from a financial crisis caused due to the ever-rising cost of medical treatments. Thus, the following are the advantages of buying health insurance plans
- The company has a strong virtual and physical presence across India
- Offers a wide range of health insurance products that are curated to provide financial assistance in various stages of life
- The Care health insurance plan is a holistic product that covers family up to 6 members i.e. 4 adults and 2 children
- Covers for the expenses of up to 30 days of pre-hospitalization expense and up to 60 days of post-hospitalization expense
- Free medical check-up facility available
- Financial security in times of medical emergency
- High Claim settlement ratio
- Lifelong renewable health insurance policies
Key Features and Benefits of the Care Health Insurance Plan?
Care Health Insurance Company offers affordable health insurance policies as per the insurance needs of its customers. the company believes in offering customized health insurance to all so it has products offering a wide range of sum insured so that you do not have to worry about finances. Following are the key benefits offered by Care health insurance 5 lakhs:
Top-Notch Partners
The company has a strong partnership with leading healthcare providers in India like Fortis Healthcare Limited and SRL Diagnostics. So, the enriched partnership helps in offering good products to the customers.
Network Hospital
Care health insurance company has a strong and wide hospital network. The policyholder has an option to select the hospital for availing cashless hospitalization treatment across India.
Wide Range of Products
Care Health Insurance company has a wide range of products that help you cater to all your insurance needs. The company has a health insurance product for every phase of life i.e. individual health insurance plan, family floater plan, heart care health insurance plan, etc. an adequate range of products for every one
Convenient
The Care health insurance 5 lakhs plan can be purchased easily and quickly. The company has a strong physical as well as virtual presence that makes it easier for the customers to buy a health insurance plan or pay the premium as per their convenience. They can either visit the nearest branch office or can buy the plan online.
Bonus
The company offers ‘No Claim Bonus’ on specific plans for every claim-free year.
Claim Settlement Ratio
Care health insurance company is one of the leading insurance providers in India having a high claim settlement ratio. The claim settlement ratio of Care Health Insurance Company Limited has set a benchmark of tremendous growth and registering an incurred claim ratio of 93% for the 2018-2019 financial year.
Care Health Insurance Plans Less than Rs 5 lakhs
Care Health Insurance Company Limited offers top-notch insurance products to its customers. the company has designed health insurance products for every phase of life. The strong hospital network and well-curated products make Care Health Insurance 5 Lakhs products a must-buy. Here we have curated a list of Care health insurance 5 lakhs products and the key features and benefits.
Care Health Insurance Plan
This plan is designed to offer health insurance coverage to the entire family. This a comprehensive health insurance plan offering coverage for the medical expenses for you and your entire family. This plan offers the auto-renewal facility and free health check-up facilities for the entire family.
Benefits of Care Health Insurance Plan:
- Offers coverage for the pre-hospitalization expenses (up to 30 days)
- Covers post-hospitalization expenses (up to 60 days).
- Inpatient hospitalization up to sum insured.
- The health insurance coverage ranges between ₹3 lakh to ₹6 crore
- The policyholder can avail tax benefit under Sec 80D of the income tax act, 1961.
- Room Rent expense is covered for Single Private Room
- No limit on ICU Charges
- Rs 2000 per hospitalization is offered as ambulance cover
- Domiciliary Hospitalization cover up to 10% of the sum insured
- Health Check-up facility is available for all members
- No claim bonus is available
- Recharge of Sum Insured available
- Organ Donor cover of Rs 100000
- Covers for the expenses of doctor’s second opinion
Eligibility of Care Health Insurance Plan:
- The minimum entry age is 91 days; the maximum entry age No Age Limit.
- Has a waiting period of 30 days.
- The policy can be renewed for lifelong.
- Option to enhance the sum insured subject to renewal of the policy
Joy Health Insurance Plan
The plan offers to cover for the expenses incurring during childbirth. The plan offers two variants namely Joy Today (covers for the expenses of childbirth) and Joy Tomorrow (covers for the expenses of the new-born).
Following are the key features and benefits of the plan:
| Key Features | Joy Today | Joy Tomorrow |
|---|---|---|
| Sum Insured | Rs 3 Lakhs or Rs 5 Lakhs | Rs 3 Lakhs or Rs 5 lakhs |
| Maternity Waiting Period | 9 months | 24 Months |
| Type of coverage | Individual | Individual |
| Additional Benefits | Avail tax benefits on premium paid | |
| The facility of a free-look period of 15 days |
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| Covers for pre-hospitalization and post-hospitalization expenses for 30 days and 60 days respectively | ||
| Free Cover offered to a new-born baby for 90 days |
Care Freedom Plan
This is a senior Citizen Care Health Insurance 5 Lakh plan that offers a sum insured coverage ranging between Rs 3 Lakhs to Rs 10 Lakhs. Let us see the main features of the plan having a sum insured 3 lakhs and 5 Lakhs:
| Particulars | Key Features | |
|---|---|---|
| Sum Insured | 3 Lakh | 5 Lakh |
| In-Patient Care | Covers up to the amount of sum insured | Covers up to the amount of sum insured |
| Day Care Treatment | Covers up to the amount of sum insured | Covers up to the amount of sum insured |
| Recharge of Sum Insured | 100 per cent of the original Sum Insured subject to exhaustion of the Sum Insured | 100 per cent of the original Sum Insured subject to exhaustion of the Sum Insured |
| Health Check-up Facility | Yes, Annually | Yes, Annually |
| Consumable allowance | Rs 750 / day | Rs 1000 / day |
| Companion Benefit | Rs 10000(in case of hospitalization for more than 10 days) | Rs 15000 (in case of hospitalization for more than 10 days) |
| Ambulance cover | Up to Rs 1000 per hospitalization | Up to Rs 1000 per hospitalization |
| Domiciliary Hospitalization | Up to 10% of the Sum Insured covered after 3 days | Up to 10% of the Sum Insured covered after 3 days |
| Tenure | 1 Yr./ 2 Yr. or 3 Yr. | 1 Yr./ 2 Yr. or 3 Yr. |
Care Senior Plan
The plan covers the healthcare expenses of senior citizens above 61 years of age.
Features and Benefits of Care Senior Plan:
The plan offers unique features and facilities as under:
- The plan is available under Individual and Floater Cover
- The plan offers for No Pre-policy medical check-up facility
- Under the floater cover annual health check-up facility is available for all insured persons
- In case the sum insured is exhausted, Automatic recharge of Sum Insured is possible
- As it is a health insurance plan for senior citizen you can avail tax benefit on a premium paid up to Rs 75000 u/s 80D of the Income Tax Act, 1961
- No Claim Bonus provides an increase in Sum Insured Up to 150%.
Care Enhance – Super Top-up Health Insurance Plan
Enhance Plan offered by Care health insurance company is a top-up plan that offers an additional safety net to the policyholder. This plan is advantageous when the hospital bill exceeds exponentially.
Features and Benefits of Care Enhance – Super Top-up Health Insurance Plan
Following are the features and benefits of the plan:
- The plan offers flexibility to choose deductible offering with a wide range of sum insured options up to Rs.55 lakh
- No pre-medical check-up is necessary for policies having a sum insured less than 40 lakhs and if the policyholder is less than 50 years of age.
- with its Enhance Anywhere feature Policyholder can avail select medical treatment anywhere in the world
- claim settlement is done directly
- Hassle-free cashless treatment at network hospitals
Thus, above are the various plans of Care Health Insurance 5 Lakhs. These affordable plans make it easier for people to avail health insurance and safeguard themselves financially in times of medical emergencies.