Health Insurance

A medical emergency can cost ₹5–25 lakhs. Health insurance ensures your savings stay intact. With cashless hospitalization at network hospitals, you pay nothing upfront — the insurer settles the bill directly.

Plan Types

One policy covers the entire family under a shared sum insured. Self + Spouse + Children (up to 4). If one member uses ₹3L of ₹10L cover, ₹7L remains for others. Premium is lower than individual policies for each member.

Starting ₹8,000–₹15,000/year for ₹5L family cover

Separate policy for each person. Best when age gap between family members is large (e.g., aged parents + young children) as floater premium rises with oldest member's age.

Starting ₹3,500–₹6,000/year for ₹5L individual cover (age 25-35)

Specifically for age 60+. Higher sum insured, covers existing illnesses after waiting period. IRDAI mandates insurers to offer senior citizen policies. Tax benefit up to ₹50,000 under 80D for parents aged 60+.

Starting ₹18,000–₹35,000/year for ₹5L cover (age 65)

What's Covered & What's Not

Hospitalization (In-patient) expenses

Room rent, nursing, ICU, doctor fees, medicines during admission (min 24 hours)

Pre & Post Hospitalization

60 days pre-admission + 90 days post-discharge expenses (varies by plan)

Daycare Procedures

600+ procedures not requiring 24-hr admission cataract, chemotherapy, dialysis etc.

AYUSH Treatment

Ayurveda, Yoga, Unani, Siddha, Homeopathy covered in most modern plans

Ambulance Charges

Emergency ambulance covered up to ₹2,000–₹5,000 per hospitalization

Pre-existing Diseases (Initial period)

Waiting period of 24 years for conditions existing before policy. Must be declared at purchase.

Cosmetic & Dental (routine)

Dental treatment, plastic surgery, weight loss procedures not covered unless due to accident

Self-inflicted injuries

Injuries due to suicide attempt or self-harm not covered

Top Health Insurers

Insurer	CSR	Network Hospitals	Best Known For
Star Health	99.1%	14,000+	Comprehensive family plans
Niva Bupa	96.6%	10,000+	No room rent limit plans
HDFC Ergo	98.0%	13,000+	Optima Secure global cover
Care Health	95.2%	9,400+	High SI plans up to ₹6 Cr
ICICI Lombard	97.0%	9,200+	iHealth plans, quick claim
Aditya Birla	95.6%	10,150+	Activ Health with wellness rewards

Important Terms Explained

Waiting Period

Initial 30 days for general illness. 24 years for pre-existing diseases. Specific diseases (hernia, cataract) have 12 year waiting period. No waiting period for accidents.

Room Rent Limit

Older plans limit room rent to 12% of SI/day. If you take a higher-priced room, all related charges are reduced proportionately. Look for plans with NO room rent limit or private single AC room.

Co-payment

Some plans require you to pay 1020% of claim. Senior citizen plans often have co-pay clause. Avoid plans with mandatory co-pay unless the premium saving justifies it.

No Claim Bonus (NCB)

Sum insured increases by 1050% for each claim-free year at no extra cost. This is why health insurance should be bought early and maintained continuously.

x Section 80D Tax Benefit

Self & Family: Up to ₹25,000/year
Parents (below 60): Additional ₹25,000
Parents (60+): Additional ₹50,000
Maximum 80D benefit: ₹75,000/year

Personal Accident Insurance

Accidents can happen anytime on road, at work, or at home. Personal Accident (PA) insurance provides financial protection against accidental death, permanent and temporary disability, and loss of income due to an accident.

Did You Know?

India records 4.4 lakh road accidents per year (NCRB 2023). A 25 lakh PA cover costs just 1,8002,500/year less than 7/day for complete accident protection.

What's Covered

Accidental Death

100% of Sum Insured paid to nominee. Includes road, rail, air accidents and falls at home.

Permanent Total Disability (PTD)

Loss of both eyes, both hands/feet, one eye + one limb = 100% payout

Permanent Partial Disability (PPD)

Loss of one eye = 50%, one thumb = 20%, one finger = 10% etc. (per IRDAI schedule)

Temporary Total Disability

Weekly income benefit if temporarily unable to work (typically 1% of SI per week, up to 100 weeks)

Accidental Medical Expenses

Hospitalization costs due to accident typically 1040% of sum insured

Illness or natural death

Only accident-caused events are covered. Death from illness not covered by PA.

Self-inflicted injury

Suicide or self-harm not covered

War & nuclear risks

Injuries from war, civil war, nuclear events not covered

Coverage Plans

Sum Insured	Approx Premium/Year	Weekly Income
5 Lakh	7001,000	5,000/week
10 Lakh	1,2001,800	10,000/week
25 Lakh	2,5003,500	25,000/week
50 Lakh	4,5006,500	50,000/week
1 Crore	8,00012,000	1L/week

Rates are indicative. Actual premium depends on age, occupation, and chosen add-ons.

Why Buy Separately from Motor PA?

The 15 lakh PA cover mandatory with motor insurance covers only the owner-driver of that specific vehicle. A separate PA policy covers you 24x7, worldwide on any vehicle, at home, trekking, anywhere. It's essential if you don't have a term plan.

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