Cheap Health Insurance

Affordable Health Insurance Plans in India 

Finding affordable and cheapest health insurance in India is important. These plans cater to individuals and families seeking comprehensive coverage at budget-friendly premiums. These plans typically offer basic to moderate coverage for hospitalisation, outpatient treatments, and sometimes pre-existing conditions. They are designed to provide financial protection against unexpected medical expenses without burdening the policyholder financially.

The cheapest health insurance in India often comes with limitations, such as sub-limits on certain medical expenses or co-payment requirements. These are ideal for individuals looking to secure essential healthcare services without compromising quality, ensuring peace of mind during health emergencies while managing costs effectively.

Types of Affordable Health Insurance Plans 

Here are the various types of affordable health insurance plans that cater to different needs:

Key Benefits of Bajaj Allianz Health Insurance 

For us here at Bajaj Allianz, nothing matters more than your satisfaction. That is why, instead of jumping on the cheap health insurance bandwagon, we have tailored our Health Insurance Plans to meet your unique needs at different stages of life. Offering you complete peace of mind, when you avail our policy, you get:

Quick Settlement of Claims 

On average, we approve your claims settlement in under an hour! Also, with our Claim by Direct Click (CDC) feature, available on our app, you can raise claims up to Rs 20,000 saving time and money.

Cashless and Carefree 

No matter where you are, our tie-up with the leading hospitals ensures you always find the one near you. With us, you can avail cashless treatment facilities at over 6000 hospitals across India.

24X7 Support 

Whenever you call us, you’ll always hear a warm voice on the other end of the line, including holidays. If you need help, all you need to do is call our Toll-free number 1800-209-5858 for claims assistance. You can also get regular updates on the status of your claim on the app.

Gamut of Policies 

Do you want a policy for yourself? Do you want comprehensive coverage for your entire family? Do you want to guard yourself against critical ailments or want to top-up your existing plan? We, at Bajaj Allianz, offer you a gamut of policies to meet your unique needs.

Offering you complete flexibility you can choose the sum insured, policy tenure and other features as per your requirements.

In-house Health Administration Team 

We deliver on our promise to settle your claims in the least possible time. Our dedicated in-house Health Administration Team sees your claim through to the finish (read settlement) line with Olympic style precision.

The team also takes care of any additional needs that you might have from time to time. Our aim, of course, is to make every second count when it comes to delivering on our promises!

Extensive Coverage 

From diagnosis to recovery, we are always by your side. Our policies cover pre- and post- hospitalisation expenses for 60 and 90 days respectively, offering coverage for day care treatment too. You also get cover for organ donor expenses, bariatric surgery, maternity expenses and Ayurvedic or homoeopathic hospitalisation.

Instant Renewal 

Renewing your health insurance policy online is faster than ever. Just log on to our website, fill up the required details, make the payment and continue enjoying its benefits.

We also offer lifelong renewal options so that you are covered throughout your life.

Factors That Affect the Premium Amount in India 

Understanding these factors empowers you to compare plans and find the most affordable health insurance:

●      Age: Generally, premiums increase due to higher healthcare risks associated with older demographics.

●      Location: Areas with higher medical costs or disease prevalence will have higher premiums.

●      Medical History: Pre-existing conditions can significantly impact your premium. Disclose all conditions accurately.

●      Sum Insured: The maximum coverage amount you choose directly affects the premium. A higher sum insured offers more protection but costs more.

●      Coverage Type: Comprehensive plans with pre- and post-hospitalisation coverage, OPD care, and critical illness coverage will have higher premiums than basic hospitalisation-only plans.

●      Deductible Option: Choosing a higher deductible lowers your premium but increases your out-of-pocket expense for claims.

What to Look for While Purchasing an Affordable Health Insurance Plan? 

While it is an important factor, it is not just the premium amount that should influence your decision. Like other important decisions in life such as choosing a career, choosing a life partner etc, buying Cheap Health Insurance Plans entails putting under the microscope the following:

Diseases Covered 

Warning! Myth Buster Ahead. Health insurance does not provide coverage for every disease.

You get hospitalised for a certain disease believing that the expenses would be taken care of by your health insurance plan, only to realise later that you need to dip into your savings for the costs incurred.

Therefore, it’s important to go through the policy minutely to know the medical ailments for which you get coverage.

Network Hospitals 

Medical emergencies often arrive unannounced and in such a scenario, getting the best possible treatment at a top-notch hospital near your home can make a major difference.

Before opting for a health insurance plan, do check out the network of hospitals covered by the policy where you can receive cashless treatment.

Also, check the claim settlement process to ensure funds are not the roadblock for receiving high-quality care.

Add-on Features 

Hospitalization expenses may be a major chunk of your medical bills, but there are other charges that have to be paid too.

These include doctor’s consultation fees, cost of reports, expenses related to pre- and post- hospitalisation and much more.

While buying a health insurance plan, it’s vital to understand the add-on features available with the policy. See if your policy offers cover for these expenses that can drain your finances.

How to Choose a Low-Cost Health Insurance Plan? 

Balancing affordability with adequate coverage is key. Here are some tips for choosing low-cost health insurance:

●      Assess Your Needs: Consider your age, health status, and potential medical risks to determine the level of coverage you need.

●      Compare Online Quotes: Get quotes from multiple insurers to compare coverage options and premiums.

●      Choose the Right Sum Insured: Avoid overspending, not under-insure. Choose a sum insured that covers your potential medical costs.

●      Consider Deductibles: Opting for a higher deductible can lower your premium, but it also ensures you can manage the out-of-pocket expense in case of a claim.
*Claims are subject to terms and conditions set forth under the health insurance policy.

●      Focus on In-Network Hospitals: Opting for cashless hospitalisation at network hospitals can help manage costs.

●      Review Exclusions Carefully: Understand what's not covered by your plan to avoid surprises during a claim.

What Makes Our Health Insurance Policy Affordable? 

●      Save 10% and 15% on premiums if 2 or 3 members sign up for a plan respectively. Enrol more members to lower the premium amount.

●      Save 20% on premiums if you opt for a co-payment option. Paying a certain percentage of the medical bills from your own pocket further helps you avail discounts.

●      Long term policy savings of 4% for 2 years and 8% for 3 years. Opting for a long policy tenure results in further savings.

●      Get tax benefits on premiums paid under section 80D of Income Tax Act, 1961. The premiums paid qualify for tax exemption under section 80D.

●      Get free preventive check-up every 3 years, irrespective of the number of claims made. Know the present condition of your body through a comprehensive check-up at our expenses.

●      Get 10% cumulative bonus, maximum up to 100% for every claim free year. Raises the sum insured at no extra premium to help tackle rising medical costs.