Axis Bank Health Insurance

Introduction

Today we are discussing Axis Bank Health Insurance. Before that, we have to know what is health insurance?? Health insurance is a type of insurance that covers medical expenses at times of medical emergencies. The schemes under health insurance provide financial support to the policyholder to cover the hospitalization expenses, daycare procedures, ICU charges, critical illness benefits, etc. The policyholder can also buy health insurance to avail tax benefits on the premiums as per the income tax act, 1961.

May God keep all off well. But in case of any health issue of ourself or our beloved ones, it is very important to receive the proper treatment. As the inflation rates are rising the medical expenses also come very stressful aside from the disturbed mind for how to get the best treatment and fast health recovery.

So, to beat this medical inflation, afford quality medical treatment, hospitalization in a cashless manner, savings, tax benefits and mostly peace of mind you should opt for health insurance at the earliest possible.

Important factors to check before buying Axis Bank Health Insurance

Buy early

When a person is young, healthy, and earning a decent salary, all seems to be ok. Hence, people don’t tend to think much about issues like health insurance. But the fact is, it is exactly the time when each should consider having a health insurance policy. As a person gets older, the premiums get higher. So, buying the policy at an early age not just secures emergency medical needs but, also helps in savings.

Buy health insurance in spite of employer providing any

Most of the large companies provide group health insurance coverage to their employees. Even though, buying individual health insurance is necessary. Because, most group insurance offers limited sum assured, which might come insufficient in case of expensive medical procedures and high hospital charges.

Another reason is that under group employee health insurance, coverage is only available as long as the employee work for that employer. After leave or retirement, the insurance also gets invalid. So, buying a health insurance plan by own is always advisable.

Plan that covers the entire family

Family persons should always go for a ‘family floater plan that covers the entire family. At the time of choosing the assured sum, select a balance between a higher amount and how much you can afford. The premium may seem expensive but, the most likely income of any individual will increase over the years and the premium will become more affordable.

Always check exclusions

All health insurance policies have inclusions and exclusions for certain diseases from their coverage. Although the regulator has been keeping pushing insurance companies to standardize the covered disease list. But, it still varies from company to company. So, it is always advisable to check the list of exclusions to avoid any issues in the future.

Have knowledge about time periods

All insurance policies have a waiting period before which they will not cover several diseases. Some companies may have a waiting period of 12 months, or it may be as long as 48 months for other companies. Know the conditions to avoid any trouble in the future.

Hospital network

All health insurance companies do tie with hospitals to make a network chain, where their customers can get treatment in a cashless manner. Check the network of hospitals being offered by the insurance company, which should offer wide options. In case If, you shift cities for a job or any purpose, then your health cover should be available there also.

Coverage type

It is important to understand the kind of coverage in the health plan you are buying. Earlier, most health insurance policies would pay the reimbursement only if hospitalized for 24 hours. But now, many of the medical procedures do not require hospitalization, thanks to the advancement in medical technology. So, always ensure that your policy includes daycare procedures as well as pre and post-hospitalization expenses, it will include any treatment done before and after the hospitalization.

Check the claim process and use top-up plans to enhance coverage

Check the insurance company’s claim process and understand it clearly. Also, check the settlement time and ratio. Always opt for an insurance company that is faster in settling claims and has a higher ratio of claims settled. This information is available on the Insurance Regulatory and Development Authority of India (IRDAI) website. You can buy a top-up health plan to enjoy a higher sum assured at a lower cost. This will kick in at times of exhaustion the limit on the base policy.

There are also a host of riders or add-on benefits to choosing from. Some of these are critical illness riders that pay a lump sum in case you are diagnosed with a critical illness. Hospital cash riders pay allowance for each day of hospitalization, accidental death benefit riders pay a lump sum in case of an accident over and above the hospitalization charges, maternity riders are for any maternity-related expense, and so on. Choose the one that meets your specific needs.

Axis bank health insurance tied up with other insurance companies

Axis Bank Health Insurance with Aditya Birla Health Insurance

This bank offers a broad category of health insurance partners and Aditya Birla Health Insurance is one of them for the diverse healthcare needs of their customers and their family. You can get started with any of the plans without any additional documentation. The plan offers insurance cover without capping, limits for individual diseases also, it helps you to focus on required treatment without worrying about the cost.

Scheme Features

1. Health insurance plans by Aditya Birla come with longer plan terms ranging from 1-3 years. So, get rid of the hassle of renewing your health plan every year.

2. To help you take care of rising medical expenses, these health insurance plans come with a high sum assured amount which ranges from Rs.10 lakh – Rs.2 crore for comprehensive plans.

3. Aditya Birla health insurance plans provide cover for pre and post-hospitalization charges for durations that vary according to the plan which has been chosen.

4. These plans also provide cover a range of other treatment expenses like in-patient treatments which includes ICU charges, room rent, operation room charges, specialist’s fee, medicines, etc.

Mediclaim Policy For Senior Citizens

5. Some of these plans provide coverage for several listed daycare surgeries and procedures which do not require hospitalization for over 24 hours.

6. Aditya Birla’s health insurance plans also provide cover for domiciliary hospitalization where the insured has taken treatment at home and not in a hospital or nursing clinic due to medical constraints. Coverage for such treatments will be provided as per particular plan terms.

7. The insured is free to choose the hospital room category for their hospitalization. If the insured has chosen a lower room category, they will be eligible to file for the reimbursement of the same at the time of raising a claim.

8. Depending on the terms of the plan, policyholders are eligible for a Recovery Benefit under their plan.

9. In addition to getting health insurance coverage, these plans also offer attractive tax relief benefits to policyholders under provisions of Section 80D of the Income Tax Act, 1961.

10. To continue receiving coverage after filing a claim, policyholders can opt to reload their complete sum assured amount for a particular illness. This is independent of other claims which may have been filed under the policy during the same term.

11. Customers can get several value-added features under these plans as well, which include options to participate in a Chronic Management Program to manage chronic illnesses, eligibility for Health Returns rewards, and avail the services of Wellness Coach.

12. Every insured policyholder above the age of 18 is eligible to avail of a free health check-up annually.

Scheme details

1. No disease-based capping.

2. ABCD(A-Asthma, B-Blood pressure, C-High Cholesterol, D-Diabetes) conditions covered.

3. Coverage for the entire family.

4. No additional documentation is required.

5. Medical Coverage available for self+spouse+2kids.

6. Adult age limit is 18-55 years.

7. Child age limit is 91 days to 21 years.

8. Domiciliary hospitalization covered upto full insured sum.

9. Organ donor expenses are covered.

10. Ambulance expense upto Rs. 2,500 is covered in an emergency.

Available Schemes

Active Health Essential
  • This plan offer assured sum amount ranging from Rs.50,000 to Rs.10 lakh.
  • Provides cover for pre and post hospitalisation expenses for a period of 30 days and 60 days respectively.
  • Plan available for a policy term of 1, 2 or 3 years.
  • Policy holders have the flexibility to choose benefits for hospital room choice.
  • Plan provides cover for in-patient hospitalisation, day-care treatments, domiciliary hospitalisation and road ambulance cover.
  • Provision of Hospital Cash Benefit offered under the plan.
  • Additional benefits offered under the plan include a Cumulative Bonus, second e-opinion on critical illnesses, worldwide emergency assistance services, and a yearly free of cost health check-up.
  • Optional covers available under this plan includes coverage of OPD expenses, maternity expenses, deductible and waiver of the compulsory co-payment clause.
  • Value added benefits offered under the plan includes Health Returns rewards, services of a Wellness Coach, and option to be a part of the Chronic Management Program.
  • Health Returns come with benefits such as coverage of diagnostic tests, medicine cost and consultation fees of doctors.
  • The waiting period for coverage of pre-existing diseases is 48 months.

Active Health Enhanced

  • This plan can be taken for a policy term of 1, 2 or 3 years.
  • The sum insured options available under this plan ranges from Rs.2 lakh to Rs.2 Crores.
  • Waiting period for coverage of pre-existing diseases is 36 months.
  • This plan covers pre and post hospitalisation expenses for a longer duration such as 60 days and 180 days respectively.
  • In patient hospitalisation expenses covered a range of room option, depending on sum assured chosen.
  • This plan option also provides cover for expenses like domiciliary treatments, day-care treatments, Road Ambulance cover, organ donor expenses etc.
  • Policy holders can get a 100% reload of their sum assured if they contract another illness within the same policy year. In case of an accident, the sum assured will be reloaded by the company after the first claim.
  • There is no restriction on the maximum entry age for this plan.
  • This plan option does not include a mandatory co-payment requirement.
  • Under value added benefits policyholders can choose to be a part of the Chronic Management Program, Health Returns or avail the services of a Wellness Coach.

Active Secure Personal Accident

  • The Active Secure Personal Accident plan provides a number of basic covers which include Accident Death Cover, Permanent Partial Disablement, and Permanent Total Disablement where 100% of sum assured provided if insured is left permanently, and totally/partially disabled due to an accident, or death due to an accident.
  • This plan also provides benefits like,
    (a) Education Benefit upto 10% of the assured sum paid one-time in lump sum for a surviving dependent child.
    (b) Orphan Benefit can be availed If, parents pass away due to an accident. It is upto 10% of the assured sum(up to maximum Rs.15 lakh) provided regardless of number of dependent children.
  • In addition to this, the plan also provides Emergency Road Ambulance cover for up to Rs.10,000 and cover Funeral Expenses upto 1% of sum assured(maximum Rs.50,000).
  • Covers worth of Rs.50,000 is provided for repatriation of the insured’s mortal remains from the place of demise to their place of residence or cremation ground.
  • The policy also covers expenses for a relative’s compassionate visit to the insured’s place of hospitalisation. For domestic travel, expenses worth of Rs.10,000 will be covered and for international travel expenses worth of Rs.25,000 will be covered.
  • This plan also offers a number of optional covers such as worldwide emergency assistance services, accidental in-patient hospitalisation cover, temporary total disablement, broken bones benefit, coma benefit, burn benefit, accidental medical expenses, adventure sports cover, EMI protect, loan protect and a wellness coach.

Active Secure Critical Illness

  • This plan is designed to offer financial assistance when you have been diagnosed with major or minor critical illness.
  • This plan is available in 3 options and each option provides varying degrees of cover.
  • Depending on the plan option, you get cover against 20, 50 and 64 critical illnesses.
  • Different plan options also offer different amounts of assured sum amount(maximum Rs.1 crore).
  • When the policyholder is diagnosed with any listed critical illness, the policy will provide a lump sum payout.
  • This plan offers tax benefits under Section 80D of the Income Tax Act, 1961.
  • This plan also offers two optional covers which include a wellness coach, and the option of availing a second e-opinion for a critical illness.

Active Secure Hospital Cash

  • The Hospital Cash scheme is designed for the additional expenses that one has to incur along with hospitalisation.
  • Daily Cash Benefit (DCB) will be paid for every 24 hours, which the insured spends under hospitalisation. This benefit can be availed for a duration of 30 days or 45 days or 60 days during a single policy year.
  • The plan offers tax benefits under Section 80D of the Income Tax Act, 1961.
  • Convalesense Benefit is equal to 1 day Daily Cash Benefit, which will be paid if the insured is hospitalised for a duration of under 7 days.
  • Parental Accommodation Benefit that is equal to 1 day’s Daily Cash Benefit will be paid if an insured is below 12 years of age and has been hospitalised for over 72 continuous hours.
  • This plan also offers option to cover Wellness Coach to help and guide you on improving and maintaining your health.

Active Secure Cancer Cure

  • This specific plan aims to provide much needed financial support during any occurrence of cancer.
  • If the cancer gets detected at early or minor stage, the policy provides 50% of the assured sum amount.
  • In case of major stages of cancer diagnosis, the policy provides 100% of the assured sum amount.
  • In case of advanced stage cancer, the policy will provide 150% of the assured sum amount.
  • Policy holders are eligible to a Cumulative Bonus for every claim-free policy year. Cumulative bonus helps to enhance the degree of protection.

Active Assured Diamond

  • The plan covers for a number of pre and post hospitalisation expenses like diagnostic tests, follow-up tests for a period of 30 and 60 days respectively.
  • If the insured has been hospitalised for over 24 hours in sudden emergency or after a planned treatment, the policy covers expenses like doctor’s fee, room rent, medicines, OT charges, and other related expenses.
  • The plan provides cover for a number of other types of treatments like 586 day-care procedures, domiciliary hospitalisation, road ambulance cover, organ donor expenses, AYUSH in-patient treatment, and vaccination.
  • The policy provides for a 150%(maximum up to Rs.50 lakh) of assured sum amount if, the original sum assured + No Claim Bonus/Super NCB(optional) are insufficient to cover a new claim for an unrelated illness.
  • A Daily Allowance of Rs.500 per day is provided for a maximum of 5 days per hospitalisation on policies with a assured sum of up to Rs. 4 lakh.
  • No claim bonus of 10% of the assured sum amount is provided for every claim free policy year.
  • Additional benefits provided under this policy include an annual health check-up for policyholders, domestic/international emergency assistance services, chance to avail Health Returns rewards for staying fit, and advisory of a health coach.
  • This plan also has a number of value-added options such as unlimited reload of assured sum amount, cancer hospitalisation booster, accidental hospitalisation booster, and reduction in waiting period for pre-existing diseases.

Group Active Health

  • The policy offers comprehensive cover against a range of health related elements.
  • Minimal and simple documentation required to apply for the plan.
  • Policy holders can avail cashless claim settlement in this policy.
  • In addition, policyholders can further customize the plan in terms of the features, limits, and waiver of restrictions.
  • Premiums paid towards this plan will also help for tax exemption under Section 80D of the Income Tax Act, 1961.

Group Active secure

  • This plan is a group plan which offers fixed benefits.
  • In case the policyholder suffers from a health problem that is covered under this plan, they will receive a lump sum benefit.
  • This plan also offers group personal accident cover, group critical illness cover, and Group Hospital Cash Benefit.

Premium structure (in general)

Applicable premium(annually including GST).

1. 1 adult – Rs. 7,605(assured sum of Rs. 5 Lakhs) & Rs. 9,866(assured sum of Rs. 10 Lakhs).

2. 2 adults – Rs. 9,931(assured sum of Rs. 5 Lakhs) & Rs. 12,799(assured sum of Rs. 10 Lakhs).

3. 2 adults+1 child – Rs. 12,438(assured sum of Rs. 5 Lakhs) & Rs. 15,903(assured sum of Rs. 10 Lakhs).

4. 2 adults+2 children – Rs. 14,489(assured sum of Rs. 5 Lakhs) & Rs. 18,443(assured sum of Rs. 10 Lakhs).

5. 1 adult+2 children – Rs. 12,438(assured sum of Rs. 5 Lakhs) & Rs. 15,903(assured sum of Rs. 10 Lakhs).

6. 1 adult+1 child – Rs. 9,931(assured sum of Rs. 5 Lakhs) & Rs. 12,799(assured sum of Rs. 10 Lakhs).

Axis Bank Health Insurance with TATA AIG Health Insurance

Axis Bank offers 2 broad categories of health insurance in which TATA AIG General insurance is one of them. Under the wide range of plans, you have the option to apply for different health plans. Depending on your need to protect your family, TATA AIG offers customized health insurance plans for both yourself and your entire family. Here are the schemes with their features and details.

TATA AIG Medicare policy(family health insurance plan)

It is a comprehensive health plan that supports in time of medical emergencies. The scheme can be classified into 3 types as TATA AIG Medicare, TATA AIG Medicare protects, and TATA AIG Medicare premier.

Features

1. Policyholder will get coverage for 540 plus day-care expenses.

2. The policyholder is eligible to get coverage for in-patient treatment taken under Ayurveda, Unani, Sidha, and Homeopathy.

Details

  • Age – 91 days to 65 years.
  • Tenure – 1/2/3 years.
  • Members covered – 7(max).
  • Insured sum amount – Rs. 3-20 Lakhs(Medicare)/Rs. 2-5 Lakhs(Medicare protect)/Rs. 5-50 Lakhs(Medicare premier).

TATA Aig Group Medicare

This scheme comes with affordable premium options and benefits that suit your medical needs and requirements.

Features

  1. Medical coverage is available even outside India.
  2. The scheme offers lifetime renewability of the plan.

Details

  • Age – 91 days to 25 years(child), 18-65 years(adults).
  • Members covered – 7(max).
  • Insured sum amount – Rs. 5-10 Lakhs.
  • Covid-19 and ABCD conditions covered.
    Details.
  • Tenure – annual.
  • Pre/Post hospitalization – 30/60 days respectively.
  • Domiciliary treatment – covered upto full insured sum amount.
  • Emergency ambulance – 1% of insured sum for every hospitalization.

Premium structure(in general)

Applicable premium(annually including GST)

1. 1 adult – Rs. 7,605(assured sum of Rs. 5 Lakhs) & Rs. 9,867(assured sum of Rs. 10 Lakhs).

2. 2 adults – Rs. 9,931(assured sum of Rs. 5 Lakhs) & Rs. 12,799(assured sum of Rs. 10 Lakhs).

3. 2 adults+1 child – Rs. 14,489(assured sum of Rs. 5 Lakhs) & Rs. 18,443(assured sum of Rs. 10 Lakhs).

4. 2 adults+2 children – Rs. 14,489(assured sum of Rs. 5 Lakhs) & Rs. 18,443(assured sum of Rs. 10 Lakhs).

5. 1 adult+2 child – Rs. 14,489(assured sum of Rs. 5 Lakhs) & Rs. 18,443(assured sum of Rs. 10 Lakhs).

6. 1 adult+1 child – Rs. 14,489(assured sum of Rs. 5 Lakhs) & Rs. 18,443(assured sum of Rs. 10 Lakhs).

Special Note to buy Axis Bank Health Insurance

Before buying or even selecting any health insurance plan, compare the plans. There are various types of schemes with have different features. Give some time and select the best plan to suit your needs. Health insurance doesn’t cost much but, it might prove very supportive in times of medical issues. Hospitals, medicines, treatments are not so cheap but, having health insurance can give you relief financially. Stay safe and keep safe your loved ones but, also keep a health insurance policy.

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