Health Insurance

What is Health Insurance ?

Coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment"
The term ‘Health Insurance’ relates to a type of insurance that essentially covers your medical expenses or by reimbursement. To entice quality employees, health insurance provide employee benefit package. Benefits received by insured against insurance are tax-free.Approved by IRDAI, Satco provide you with a comparative insurance product.

Benefits of Health Insurance
  • Ambulance Fee
    The insured person is free of transportation fee and it will be incurred by the INSURER with whom he/she will be tie up with. This add-on benefit is an advantage and should be opted.
  • Cashless Benefits
    Today all the health insurance organization are tied up with Network of hospitals or nursing homes. These plans make your work easier during crucial period with no hassle for claim resolution and documentation. There is no cash payment in such benefits. By filling your policy number with valid documents the work on behalf of insured person is complete and rest will be taken care by the TPA & INSURER up to your coverage amount. If the expenses go beyond the sub-limit or are not mentioned by the insurance company, then the coverage will have to be settled by the individuals directly in the hospital. The person should consider the point of not getting treatment in any other hospital that is not a part of their hospital network for cashless benefit.
  • Wellness Care
    This facility provided by the health insurance make a lot of additional benefit to Insured. The wellness care section provides with regular health check-ups. Some firm also provide free medical check-up provided you have no claim bonus in record in your past history.
  • No Claim Bonus (NCB)
    NCB is an advantage for the insured who have previous claim free year and no break in policy. The person will be subjected to a cumulative bonus or a discount in the cost. This privilege is provided to the insured during next renewal period.
  • Pre & Post Hospitalization
    This health insurance policy takes care of both pre and post hospitalization fee for a period of 30 to 60days depending on plan of purchase.
  • Hospitalization Medical Expenses
    Reasonable and Customary Charges for Medical Expenses that are incurred during the Hospitalisation of the Insured Person for Medically Necessary treatment required due to an Illness or Injury sustained by the Insured Person during the Policy Period.
  • Tax-Benefit from health insurance
    Health Insurance provides a tax benefits under section 80D of income tax act, 1961. The premium an insurer pay towards health plan for self or family get a tax rebate. The tax benefit one offered from health insurance is subjected to which age group the insurer belong to.

Types of Health Insurance Policies in India :
  • Individual Health Plan
    The health insurance plan for individuals suffering from illness and are offers with advantages like cashless benefits and add –on. This facility is provided to the insured depending upon the age at entry.
  • Family Floater Health plan
    This Health insurance policy covers or includes the entire family member against diseases under one roof. In family benefit, the sum as specified can be availed by any one or all the members for one or more claims during the tenure of the policy.
  • Plan for Critical Illness
    This policy is used for the treatment of various critical illnesses such as heart attack, paralysis, open heart surgery etc. These policies provide a lump-sum benefit if a person get diagnosed by any critical illness.
  • Cancer Care plan
    Health Companies today provide special cancer care coverage plan. Cancer treatment requires lots of medication treatment and the plan covers lots of benefit for such critical illness.
  • Health plan For Senior Citizen
    This health insurance plan is specifically for age group above 60years, and offering maximum health benefits plan during old age.

Senior Citizen Insurance (60-75years)