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Introduction

Health insurance is one of the many types of insurance available to citizens. While life insurance has pan India awareness in our country, health insurance still has a long way to go. No even a quarter of the population in India has adequate health insurance to their name or for their family. The benefits of having health insurance are plenty but it requires more awareness for it to reach every household in India.

Faridabad is one of the largest cities in Haryana and is part of the Delhi NCR Region and has also been included in the list of Smart Cities that are to be developed in India. Faridabad has many private and government hospitals that work round the clock to provide good health care facilities to the citizens of the city. However, there are still many hurdles that are faced by the citizens in getting good health care in the city. Some of these hurdles are financial stress that the cost of treatment may have on the patient and their family, availability of a hospital nearby, good medical care in affordable hospitals, etc. Health insurance can be a good answer to all such problems.

What are the benefits of health insurance in Faridabad?

There are multiple benefits of health insurance for the citizens of Faridabad. Some of such benefits are highlighted below.

  • Health insurance helps the patients get coverage for pre and post-hospitalization expenses. This helps them focus on simply getting better without worrying about the finances.
  • Another important benefit of health insurance is the cashless treatment offered to the patients. This facility helps them get access to the best hospitals in the city without the worry of excessive costs.
  • Health insurance plans also provide coverage against Covid 19. Plans for this coverage includes the cost of treatment for Covid 19, PPE Kits, Masks, Home Treatment Expenses, ICU expenses, etc.
  • Insurers also include the cost of medical transport i.e., ambulance cost as part of the coverage.
  • Preventive health Check-Ups are also included in the health insurance plans. These preventive health check-ups help in the detection of serious ailments as well as provide tax benefits.
  • Tax benefits on health insurance are one of the topmost attractions that leads the applicants in getting one for themselves and their family members. Insured persons can get a tax deduction of up to Rs. 25,000 if the person is below the age of 60 years. The deduction can be up to Rs. 50,000 if the person is above the age of 60 years.
  • Health insurance plans also provide the benefit of hospital cash which is a daily fixed amount of cash provided to the patients for each day that they are admitted to the hospital.
  • Most health insurance plans also provide for a No Claim Bonus. This helps the insured persons get a portion of the premium paid in the form of the bonus if there is no claim request in the previous year for any treatment procedure.
  • Health insurance providers also provide coverage for many pre-defined illnesses or diseases. The list for such diseases is specific for each health insurance plan and insurer. It is therefore important for the insured person to get information about the permissible illnesses under the policy before taking one.
  • IRDAI has mandated that the health insurance plans now have to provide cover for AYUSH treatment too. This treatment process involves the treatment modes like Ayurveda, Yoga, Unani, Siddha, Naturopathy and Homeopathy.

Additional Reading: Should-you-buy-top-up-health-insurance

What are the ways to buy health insurance in Faridabad?

Health Insurance plans still need a lot of exposure in the city of Faridabad. There are many citizens who still do not have a good health insurance plan for themselves or their families. There are multiple insurers providing health insurance at affordable costs to the citizens of Faridabad. The premium on these health insurance plans is flexible and can be paid at the convenience of the insured persons on a monthly, quarterly, semi-annually or annual basis.

These health insurance plans can be bought either online from the website of the insurer or by visiting the nearest office of the insurer.

The process of getting health insurance through the website of the insurer is mentioned below,

  • Visiting the website of the insurer
  • Selecting the health insurance plan from the available options 
  • Providing the necessary KYC documents 
  • Making the payment for the plan through the available online payment modes

Alternatively, individuals can also request a call back from the insurer to get the details of the available health insurance plans.

The offline mode of getting a health insurance plan is by visiting the nearest office of the health insurance provider. Individuals can get the plan by submitting all the documents and making the initial payment for the plan at that office.

Additional Reading: Difference-between-health-insurance-critical-illness-cover

FAQs - Health Insurance in Faridabad

1. Why is health insurance needed in Faridabad?

A. Faridabad has a good network of public and private hospitals but the cost of treatment is still high and often beyond the reach of average citizens of the city. Health insurance plans provide coverage for most of the pre-existing illnesses and reduce the burden of expenses on the insured persons. Apart from that, the network of hospitals that are part of the health insurance plan provides cashless and immediate treatment for the insured persons ensuring that they do not have to scramble for cash last minute just to get a hospital admission. Health insurance also provides tax benefits which can be an added attraction for getting a good health insurance plan.

2. Can a person have multiple health insurance policies?

A. Yes. A person can have multiple health insurance policies but it is essential to pay a premium on all of them to keep them active.

3. What are the basic health insurance plans for protection against Covid 19?

A. IRDAI has come out with two basic health insurance plans namely the Covid Kavach plan and Covid Rakshak Plan.

4. Can a newborn be included in a health insurance plan?

A. Yes. Most insurers extend the benefits of health insurance to a newborn child. The benefits of the cover will take effect after 90 days from the birth of the child.

5. What is the usual age bracket to be eligible for health insurance?

A. The usual age bracket to be eligible for health insurance is from 18 years to 65 years.

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