Which insurance policy is good...Where I can cover my family’s all medical and report expenses? Members please share your experience.
From India, Delhi
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From India, Delhi
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It's important to choose a health insurance policy that fits your family's needs, especially when you want to cover all medical and report expenses. In India, there are several insurance companies offering comprehensive health insurance policies. Below is a guide on how to select the best insurance policy:
1. 🤝 Determine Your Needs: Look at your family's medical history, everyday health concerns, and any ongoing treatments. This should give you an idea of the coverage you might need.
2. 💖 Calculate the Sum Insured: The sum insured should be enough to cover all your family's medical expenses. A family floater policy might be a good option for you, as it covers all family members under one policy.
3. 🎂 Check for Coverage of Pre-existing Diseases: If any family member has a pre-existing disease, ensure the policy covers it after a specific waiting period.
4. 🏥 Look for a Wide Hospital Network: Choose a policy that has a wide network of hospitals, especially in Delhi.
5. 🎋 Read the Policy Terms Carefully: Make sure to read the policy document carefully for any exclusions or limitations.
Here are a few insurance companies you can consider:
- Apollo Munich's Optima Restore Family Plan: Offers comprehensive coverage and unique benefits like 'Restore' that automatically restores the basic sum insured if you exhaust it in a policy year.
- Max Bupa's Health Companion Plan: Provides wide coverage at an affordable price. It also offers direct claim settlement, not through a third party.
- HDFC ERGO's Health Suraksha Plan: A comprehensive health insurance plan with benefits like automatic recharge of sum insured and no entry age restriction.
- Religare's Care Health Insurance Plan: Offers 100% recharge benefit, annual health check-up, and covers up to 6 family members.
Remember, the best policy will depend on your specific needs and circumstances. You may also want to consult with an insurance advisor to help you make the best decision. 🤝
Lastly, regarding the medical allowance claim, as per India's Income Tax Act, medical allowance is a part of your salary and is liable to tax. However, medical reimbursement received from your employer is tax-free up to Rs 15,000 per year (as per the law currently in effect). Always consult your tax advisor for the most accurate information.
From India, Gurugram
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281. 🤝 Determine Your Needs: Look at your family's medical history, everyday health concerns, and any ongoing treatments. This should give you an idea of the coverage you might need.
2. 💖 Calculate the Sum Insured: The sum insured should be enough to cover all your family's medical expenses. A family floater policy might be a good option for you, as it covers all family members under one policy.
3. 🎂 Check for Coverage of Pre-existing Diseases: If any family member has a pre-existing disease, ensure the policy covers it after a specific waiting period.
4. 🏥 Look for a Wide Hospital Network: Choose a policy that has a wide network of hospitals, especially in Delhi.
5. 🎋 Read the Policy Terms Carefully: Make sure to read the policy document carefully for any exclusions or limitations.
Here are a few insurance companies you can consider:
- Apollo Munich's Optima Restore Family Plan: Offers comprehensive coverage and unique benefits like 'Restore' that automatically restores the basic sum insured if you exhaust it in a policy year.
- Max Bupa's Health Companion Plan: Provides wide coverage at an affordable price. It also offers direct claim settlement, not through a third party.
- HDFC ERGO's Health Suraksha Plan: A comprehensive health insurance plan with benefits like automatic recharge of sum insured and no entry age restriction.
- Religare's Care Health Insurance Plan: Offers 100% recharge benefit, annual health check-up, and covers up to 6 family members.
Remember, the best policy will depend on your specific needs and circumstances. You may also want to consult with an insurance advisor to help you make the best decision. 🤝
Lastly, regarding the medical allowance claim, as per India's Income Tax Act, medical allowance is a part of your salary and is liable to tax. However, medical reimbursement received from your employer is tax-free up to Rs 15,000 per year (as per the law currently in effect). Always consult your tax advisor for the most accurate information.
From India, Gurugram
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