Medical Insurance-India
In India, a number of insurance companies provide health insurance to individuals.
Every insurance company follows the rules below:
You can port to any other company if you have existing insurance, whether corporate or private.
If you were an IT employee in India, before moving abroad, you have to port your corporate health insurance to retail.
This will give you
No medical check-up is required.
All pre-existing diseases are covered.
No cooling period.
If you are taking fresh insurance, then there are some limitations:
The insurance company may require a one—or two-year cooling period. During that period, no planned medical surgeries or procedures will be covered.
Only emergency situations will be covered.
Medical checkups are required for certain age groups.
Whatever use case you are taking health insurance in India, we have to consider the following points:
Which TPA companies do they have?
Claim settlement history
Topups / raiders they have.
After 20 years of experience, I have taken Reliance, Oriental, and United India Insurances; Care health insurance seems better than others. Care health insurance features are as follows:
Care Supreme (Plan) -- No copayment.
Health Insurance Porting starts from 10L sum insurance.
Claim Settlements Good reviews over the Internet and experienced people.
Pay from your NRE account to any Indian Insurance, and no TDS/TAX will be deducted. So you will be saved around 6 to 7K INR per year.
Whatever use case you are taking health insurance in India, we have to consider the following points:
Which TPA companies do they have?
Claim settlement history
Top-ups / raiders they have.
Care Supreme (Plan) -- No copayment.
Health Insurance Porting starts from 10L sum insurance.
Claim Settlements Good reviews over the Internet and experienced people.
Pay from your NRE account to any Indian Insurance, and no TDS/TAX will be deducted. So you will be saved around 6 to 7K INR per year.
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