Religare – Can I take this Health Insurance Policy

       

Religare is one of the leading diversified financial services company in India, Religare health insurance was launched in India in 2012 and within short span of time they were able to make significant progress in health insurance field. They had a best claim settlement ratio in this sector and growing aggressively, they have tie up with all the leading chain of hospitals and local hospitals in the major cities. Along with health insurance they also provide Travel insurance, critical insurance and Accident insurance and with disability benefits.

The major health insurance plans offered by religare are,

Care,

Care Freedom,

Enhance,

Joy

 Care;

Care is for first time insurance takers, they have a very simple process of issuing a policy and it is of the buyer to provide all information clearly and get all the doubts clarified before paying the premium. They have a very general exclusion list and choosing the sum assured is at buyers choice.

Care Freedom;

This policy is for Senior citizens and waiting period for pre existing disease is 2 years, unlike other insurance companies which have 4 years waiting period for covering pre existing diseases. They have a very general exclusion list and choosing the sum assured is at buyers choice.

Enhance;

Enhance is a Top up insurance policy, those who has some basic health insurance coverage can get a better cover by going for this policy. After 4 years of continuing this policy you will be eligible to convert this top up cover to comprehensive coverage policy.

Joy;

This is basically for new born and maternity coverage, there is a waiting period of 4 years for this policy if there is pre existing disease and maximum entry age is 45.

Religare health insurance is one of the best in this sector and they are working hard to stay ahead of the rest. With the above covers they have covered people of all ages and the policy names are also simple to remember without any constraints.

Cigna TTK - Can I take this Health Insurance policy?

                        

Cigna TTK health insurance provider is the joint venture between cigna global health insurers and TTK from India. Cigna is the globally recognized name spread across 30 countries and it is listed as 97 in the fortune 500 companies with revenue standing at 35 billion dollars. TTK has been performing the role of third party medical service providers and have joined with Cigna from USA to become health insurers. Two giants have formed an alliance to provide medical care in India with private rooms in 3500+ hospitals across India.

Plans available in this Insurer;

They provide plans based on the sum insured in the name of Pro Health. Let us see those in detail;

ProHealth Insurance Protect Plan

Insurance upto 4.5 lakhs is provided under this policy, it provides worldwide emergency cover with consultation and pharmacy charges.

ProHealth Insurance Plus Plan

Insurance between 4.5 to 10 lakhs is provided under this policy. 10% discount is provided if it is taken as a family floater. Maternity benefits with new born expenses along with vaccination are taken care.

Pro Health Insurance Preferred Plan

Sum insured under this policy are from 15 to 50 lakhs. Health maintenance benefit are provided each year of upto 15000 and a free check up facility is provided on each policy renewal.

Pro Health Insurance Premier Plan

It provides a humongous coverage of upto 1 crore. Everything from diagnostics, maternity benefit, pharmacy charges, worldwide emergency care are taken care under this policy.

Lifestyle Protection Plans:

Accident care and critical illness are provided under this Lifestyle protection plans,

Lifestyle Protection-Critical Care Plan

For first time diagnosis it is covering upto 15 diseases and 30 critical illnesses are covered under this plan with the option of Base and Enhanced plan. It is providing the option to get the payment as lumpsum or in staggering manner to keep ourself financially secured during those tough times.

Lifestyle Protection-Accident Care Plan

This accident care plan provides coverage for death, disablement, partial disablement, loss of employment and provides education fund and benefits for orphaned child.

    

Benefits of this policy;

It is providing basic facilities on par with other insurance provides with the exception of day care benefits and pharmacy charges based on the plan you have taken. We have seen the need for health insurance here.

You can either take a new policy or go for top up health insurance with this company as they will provide enhanced coverage at lesser price 

Top Up Health Insurance

          

Medical costs have escalated by a large extent in the last decade alone owing to rapidly increasing life style among all classes and it will surely keep on increasing. General medical inflation rate in Asia pacific is 10% and in India it is around 12-13% in the last 3 years whereas the inflation has also stayed around 10% in the same time period. Reality is even more and these are official records done by major insurance companies based on their claims.Now you can understand the price increase easily. Lifestyle increase should not come at the cost of health as health is the only wealth for everybody and to their family. Give greater importance to healthy eating for few days in a week or have daily walking introduced in your daily life. In most of the companies nowadays health insurance is provided automatically once an employee gets introduced into their company, so this topic is for them also.

Medical costs;

Cost of new drugs is rapidly increasing and if you want to get treated in a better way, you need to have more money or you should have proper health insurance which provides 100% cover. A normal fever with cold itself can make a bigger hole in your monthly expenditure. In this context if you get any other disease which requires surgery will make you to spend at least a lakh and other medicine cost thereafter for a certain period.

Doctor’s fees, frequent lab tests, surgery fees, room rent has been increased every year by the bigger organization to work in a profitable mode.

High BP,

High Cholesterol,

Obesity,

Physical inactivity,

Smoking,

Bad nutrition

All the above factors are leading to adverse effect on one’s health. So if you doubt that you may fall into any of these categories, get insured right away for higher sum assured.

Having base cover, should I go for top up?

Many of the working employees may get a cover in their company but read through the policy document on things which all is getting covered and is there any clause in claim processing. Most of the group insurance policies will be offered with co-pay facility only and the sum insured will be less around 5-7 lakhs only which may not be adequate. Also if you are one among the frequent job hoppers it is best advisable to get a maximum cover outside your company as most of the companies have a clause to cover pre existing disease only after 4 years.

Even if you are not getting a separate cover, go for a top up of at least 15-20 lakh and it is a must considering the cost of curing cancer, cardio vascular disease etc.

There are many instances where the person who had taken insurance just one year before had utilized it for his\her treatment of cancer which would have not been possible without it. India unlike western countries have not provided sufficient cover be it health or life and TN has been special in providing health cover for free who ever had got enrolled under TN Government scheme. There has been huge push done to central government to bring reforms to health sector, hope we get it by this year.