HEALTH INSURANCE IN INDIA 

"GUARDING YOUR REAL WEALTH"

We all need a Health Plan to safeguard our real Wealth but not too many people have understood the importance of it…You too may fall in the same category. Imagine a scenario where one has wealth, but not good health. That’s a catch 22 situation because, without good health, you cannot enjoy your wealth. When it comes to your health, choosing the right kind of health policy is critical to ensuring one’s well being. Along with the honest self-evaluation, one should also seek the expert guidance of a trusted and knowledgeable insurance broker to help and guide him through the buying process. At Security Insurance Brokers (SIB), we offer a complete health package with different products to suit the needs of an individual or a family.

Customers are often not as clear as to what kind of health policy they require. Lack of knowledge, improper guidance and not realising one’s real need all add to the confusion. At SIB, we believe the customer must get the right Health Plan based on his individual requirement and we guide him with the necessary information and advice at each step of the buying process. To choose the right policy, you should first understand your requirement, be honest about your medical history and choose a policy according to what your budget permits. People generally do not understand the difference between a Health/Mediclaim plan. A Health plan is very often misunderstood as a Mediclaim policy. Health plan is a broader terminology. A Health plan includes many kinds of covers from general Mediclaim to Special Covers which could take care of the hospitalisation and allied expenses. We as insurance experts, help you zero in on the right plan. It is important to understand the right plan that suits your budget.

We also assist a customer with health insurance portability. In 2011, the Insurance Regulatory & Development Authority of India (IRDAI) allowed portability of an existing policy to a better policy offered by a different company keeping all past features intact. This means there is no waiting period while you port the policy with the new Insurer. Portability allows an individual to transfer his policy to another company offering better features or for any other reason. One has to do the same 45 days prior to the due date where he is required to put a proposal to the insurance company so that they can examine the acceptability of the proposal.


Mediclaim Policy

A POLICY FOR MEDICAL EMERGENCIES: Blessed are those who enjoy good health. But life has its own twists and turns. A medical emergency does not send you to advance notice---it can brew up very gradually or come when least expected. This is where a Mediclaim policy steps in. Since medical costs are very expensive these days, a Mediclaim policy provides you medical cover and takes this worry off your head should you fall ill or a mishap occurs. We all buy Mediclaim or want to buy a Mediclaim Policy but are we sure we have a right plan for our family?

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Senior Citizen Mediclaim

Old age makes one prone to illnesses therefore at such a stage of one’s life what a person requires is getting a proper health insurance plan to safeguard him from the rising costs of medicines, hospitalization and treatments. Not just getting a comprehensive health insurance plan helps a person to lead a stress-free life in his old age but also saves from a huge financial blow especially after the retirement period. We have observed with Senior Citizens (SeC) do not have the right plans as they have limited themselves with a Mediclaim Plan which could be as old as 10-15 years or more. Those old generation plans not only have low Sum Assured but also do not have features which have emerged in recent times.

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Super Top-Up Plan 

No financial planning is complete without an Adequate Mediclaim Cover and a Sufficient Term Plan. Any major Illness in a family can take away a large part of financial savings which could impact the financial goals to be achieved by the family. However, the cure of the disease is affordable only to a few sections of the society and that too only if one has the right Insurance. The best of the treatment costs a heavy amount and it is not affordable for everyone to meet the expenses out of their individual corpus.  To treat a disease like Cancer, the cost could be anywhere between Rs.25 lakh to Rs.1 crore and maybe more. 

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New Generation Super Top-Up 

To ensure that customers always get a winning proposition, health insurance companies are redefining the health insurance category with a revolutionary product – the New Generation Super Top Up Plan (NGSTUP). Whether it’s today or tomorrow, you can rest assured that it will take care of your healthcare needs in a flexible and comprehensive manner. NGSTUP is a win-win health insurance plan through which you not only insure your health today but also secure your health for the future. NGSTUP doesn’t let you lose your sleep or money over healthcare With a NGSTUP don’t just be insured. Be win-sure. With the old generation plans, many questions come to mind. Such as: Why go for Health insurance when you have to fall ill to utilise it?

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Critical Insurance Plan

Often, the notion is that since one already has health insurance, one does not need to get cover for critical illness. It seems redundant, doesn’t it? This insurance cover that will pay the equivalent of the Sum Assured opted when you are diagnosed with a serious illness that is listed under the policy. The one distinctive advantage of critical illness insurance is that you are the one who will receive the proceeds, not your beneficiaries. That means you get to use these funds on yourself and the proceeds from the critical illness are not taxable.

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