Please select Sum Insured, the Number of Family Members and Age of oldest insured to get started.
|Insurance||Lifeline Classic||Lifeline Supreme||Lifeline Elite||Family Plus||Arogya Sanjeevani Policy|
|Cover for day care procedures|
|Covers all hospitalisation including Covid-19|
|Cover for pre & post hospitalisation|
|Cumulative bonus (No Claim Bonus)|
|Cover for modern age treatment|
|Cover for AYUSH treatment|
|Additional Benefits||Lifeline Classic||Lifeline Supreme Plus||Lifeline Elite Plus||Family Plus||Arogya Sanjeevani Policy|
|Free annual health check up|
|Refill your coverage at no extra cost|
|No co-payment in case of claim|
|Organ donor expenses|
|No room rent capping|
|Free medical and dietary advice|
|Maternity benefit for mother & child|
|Emergency domestic evacuation|
|Worldwide emergency hospitalisation|
|Second opinion for critical Illnesses|
|Additional Exclusive Benefits||Lifeline Supreme Plus||Lifeline Elite Plus|
|Additional facility of app-based cabs as a part of Ambulance Cover-Ola/uber|
|Refresh of Sum insured-once in a life time, for the same illness.|
|In-patient for Pre-existing Disease in case of Life-Threatening Condition|
|Mobility Devices-wheel chairs/ crutches etc.|
|Second Opinion for additional 11 specified Critical illnesses|
|International Treatment abroad for 3 additional Critical illnesses|
|In-Vitro Fertilisation (IVF) Treatment|
|No||TPA Name||Total Network Hospital List||Web Link|
|1||Paramount Health Services||View/Download||Click Here|
|2||Medi Assist Insurance TPA||View/Download||Click Here|
|3||Raksha Health Insurance TPA||View/Download||Click Here|
|Covered relatives||Amount of tax rebate|
|Self / spouse / children||Upto ₹25,000|
|Self / Spouse / Children / Parents (below 60)||Upto ₹50,000|
|Self / Spouse / Children / Parents (above 60)||Upto ₹75,000|
Anybody who is above the age of 18 and is a resident of India is eligible to buy health insurance. However, the age eligibility for coverage will differ between insurance providers.
There is no hard and fast rule that you can only limit your health plan to a single health insurance provider. Often, some insurance providers might not cover the cost of specific medical treatments. For instance, LASIK eye surgery or critical illness.
You are free to buy more than one health plan from multiple health insurance providers depending on your medical needs.
Depending on the person or people being insured, there are several types of health insurance plans offered by medical insurance providers. These include -
Most health insurance providers require policyholders to pay the insurance premium on an annual basis but some do offer flexible payment plans which allows the policy holder to break down the premium and pay in instalments on a monthly, quarterly, half yearly basis.
It is always recommended that people buy health insurance early on - this doesn't just give them tax benefits, they can also avoid getting crushed under personal loans and medical loans. As policyholders get older, their lifestyle habits, existing health conditions, etc. are factors used to determine their premium. This means health insurance for an older person can be much more expensive than health insurance for a younger person.
Additionally, it is always recommended to buy health insurance at an early age because policyholders can enjoy the benefit of no claim bonus and end up with double the sum insured in just a few years.
Yes. The purchase of a health insurance policy comes with tax benefits. Taxpayers are eligible to claim tax benefits up to a specific amount of rupees under Section 80D of the Income Tax Act, 1961.
Yes, buying a health insurance policy early on is highly recommended as it is said to be very beneficial to the policyholder. You can usually enjoy the following benefits -
When you are buying a health insurance policy, don’t just go for one with the lowest premium or the easiest purchase process. Go for a comprehensive health insurance plan that will work best for you and your loved ones.
The team at Royal Sundaram always recommends choosing a health insurance policy that is SMART.
Service expenses covered under the policy
Medical care network
Access to insurance providers
Ratio of settlements
Top up or value added services
Not really. But if the policyholder has not made a claim in that year, they are entitled to a no claim or cumulative bonus. Under this bonus, the policyholder is usually offered a discount on the premium or is offered an increase in the sum insured at no extra cost. The decrease in premium or the increase in sum insured can usually be applied each year till a predefined threshold is reached.
Sometimes, the insured person needs to undergo a medical procedure that involves organ transplant. In such a scenario, the policyholder is required to ensure that all the hospitalization expenses incurred by the donor in organ donation except the cost of the organ during an organ transplant are included under donor expenses.
While you might be taking all precautionary measures to avoid the Coronavirus, it is always recommended that you prepare for a health emergency as the cost of treating Coronavirus is considerably higher. Also remember, most coronavirus specific health plans are individual plans and not family floater or group health plans. If you are looking for a Covid-19 health insurance plan, make sure it covers the following expenses -
A pre-existing medical condition, like its name suggests, is an ailment or an injury or a medical condition that is already affecting the person who is applying for a health insurance policy. Some of these conditions include -
Health insurance is offered to people with pre-existing medical conditions; however, there will be certain underlying conditions to the provision of the health insurance policy. There will be a wait time before the policyholder can claim the cost of treatment for those pre-existing medical conditions. There might also be a possibility that the policyholder might have to pay a higher than usual premium amount as the risk of health emergencies is considerably higher.
If a policyholder is diagnosed with an ailment like diabetes or high blood pressure etc during the waiting period, it will not be considered as a pre-existing condition and the policyholder can claim expenses for medical treatment.
Health insurance providers offer coverage to several people under family floater plans including the following -
Usually, health insurance providers have a wide network of affiliated hospitals where the policyholder can claim health insurance. However, it is recommended that people signing up for a health insurance policy look up if there are any clauses citing geographical limitations in their insurance policy.
Your health insurance policy is renewed each year and you can consider increasing the sum insured or look at adding other value added benefits to your existing health insurance plan at the time of policy renewal.
No. When you purchase a health insurance policy, there is usually a cooling period of 15-30 days or as specified in the contract before the policy becomes active. This cooling period is set aside for the policyholder if they would like to cancel the policy. However, some health insurance providers can cover the cost of medical treatment from the very next day of purchasing medical insurance. Especially if you have a health insurance policy with an accident cover. Additionally, if you have pre existing medical conditions, there will be a waiting period - this waiting period can be anywhere from 1 to 4 years.
Most health insurance providers do not cover the cost of maternity in their offerings unless specified in the policy - but there will be a waiting period between two to four years to claim maternity costs from your health insurance provider. If maternity costs are included in the health insurance policy, the premium is likely to be higher.
Health insurance premiums increase from time to time but it could be for various reasons. Let's understand these reasons in brief-
Change in age
Typically, Health Insurance premium is charged based on age slabs. If the age changes from one slab to another the premium will rise.
The number of medical insurance claims usually increase after a natural disaster but that is usually limited to a specific region. The pandemic however has hit our country in an unexpected and unimaginable way. With so many people claiming insurance, it is the natural progression for insurance premiums to increase.
Inflation plays a very important role in determining health insurance premium rates. Naturally, treatments which weren’t as expensive in the past are bound to get more expensive in the future. This is another reason why health insurance businesses charge higher premium amounts after intervals.
Sometimes, health insurance policyholders might not get any medical treatment in the time that they are insured. This does not mean that they will get their money back. But it does entitle them to a no claim bonus, if the same is provided by the health insurance provider.
When a policyholder does not claim their health insurance policy for the period they are insured, they are usually offered a cumulative bonus on renewal. A cumulative bonus is an increase in the sum insured for every year a claim is not made. This is only offered to a specified limit. Additionally, a cumulative bonus is offered by health insurance providers on indemnity based health insurance plans and only when the policy is renewed by the policyholder without any breaks.
Yes. If you are not satisfied with the terms of your purchased health insurance policy, you can apply for cancellation within 15 days of receiving the policy documents or before the health insurance policy becomes active or as per a time specified in the insurance contract.
Most health insurance providers will offer a grace period of two to four weeks from the date of renewal in case the policyholder is unable to pay the premium in time. However, if the grace period has passed and the policyholder has not paid the premium, it could lead to the following possibilities -
Yes. Policyholders can choose to transfer their existing health insurance plan to another health insurance provider as per a circular issued by the Insurance Regulatory and Development Authority (IRDA).
Sometimes, in case of a medical emergency, like an accident, it might not be possible to take the policyholder to an affiliated network hospital. In such a scenario, health insurance can still be claimed but cashless hospitalisation is unlikely to be available. The policyholder will be required to bear the cost of medical treatment and submit the bills to the health insurance provider for reimbursement.
While making a health insurance claim, the policyholder is expected to have the following documents -
A no claim bonus could mean that the policyholder can either receive a discount on the premium or a cumulative benefit which refers to increased sum insured without actually paying for it. Most insurance providers will offer a 5% cumulative bonus on your sum insured with each year of no claim.
For instance, if the sum insured is for ₹5 lakhs, the policyholder will receive added coverage worth ₹25,000 after the first year of not making a claim. Similarly, they will receive added coverage worth another ₹25,000 for two consecutive years of no claims and so on. A no claim bonus can double a health insurance policy holder's sum insured by 50% in consecutive years of no claims.
When you buy health insurance, you are offered a free look period or a time when you can cancel the policy if you aren’t happy with the benefits offered. This period is usually for 15 days and sometimes has the option to extend for 30 days. It is only after this period that your health insurance policy kicks in.
Buying a health insurance policy online or offline is fairly simple. You just need to submit the following documents -
Aadhar, PAN, Passport, Voter ID card, Driving license
Aadhaar, Passport, Voter ID card
Your health insurance policy usually covers the cost of medical treatment for a fixed amount. Until this cost is not exceeded, you can claim your health insurance policy as many times as you like.