FAQs on easy policy health insurance

Health insurances can sound intimidating but they are becoming increasingly significant in today’s time. Individuals must buy health insurance to secure themselves against financial worries and medical instability. However, before we choose to buy health insurance, we must attain clarity on certain concepts. So, let us go over the frequently asked questions that can guide us on easy policy health insurance.

• What is the eligibility for easy policy health insurance?

The eligibility criterion for a health insurance policy is usually determined by age. One must be at least 18 years of age before investing in an easy policy health insurance. On purchasing early, an individual can get extra benefits of medical coverage. It also guards us against financial debts in times of medical crisis.

• What is the waiting period for health insurance?

After the purchase of the policy, the policyholder has to go through a waiting period before he can claim coverage. The particular insurance policy will provide financial coverage and medical aid only post-waiting period. It is a standard clause included in most health insurance policies.

• How to compare and buy a easy policy health insurance?

One must research the standard market plans in order to compare and buy a health insurance policy. The objective should be to get the maximum coverage without compromising one’s budget. Often people prioritize over plans providing daycare and maternity benefits.

• What are the general benefits?

A standard health insurance policy will cover every kind of hospitalization expense that is incurred. Some private health insurance policies include both pre and post hospitalization expenses. The other medical benefits that are covered include- room rent, critical illness, domiciliary expenses and day-care procedure.

• How to renew the policy?

The policyholder has to pay a certain amount of premium on a timely basis to keep their plan activated. In the eventuality of missing the date of payment, the policy benefits are suspended. In such a case, the individual must pay the amount due within the grace period. In failing to do so, one can lose all their medical benefits which will necessitate the purchase of a new plan.

• What is the process of claim settlement?

The in-network hospitals can go for cashless claim settlement for their hospital expenditures. The motive of owning health insurance is to reimburse the amount that ought to be covered by your insurer. The insurance company sends its approval for reimbursement to the hospital in which one is treated. Following that the hospital verifies the individual’s identity. Then the hospital expenses are finally covered by the insurance company.

• What is no claim bonus?

No-claim Bonus is the amount that sums up for every year when the policyholder does not claim any coverage. Also known as a cumulative bonus, it adds up to the amount of sum insured that can be claimed by the individual later as a reward.

It is extremely important to understand the financial jargon's before we buy easy policy health insurance. It is considered wise to compare and buy health insurance policy so that you end up with the perfect medical coverage. So, do not delay a necessary investment and buy health insurance today.

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ManipalCigna Health Insurance Company Ltd (Formerly known as CignaTTK Health Insurance Company Limited) | CIN U66000MH2012PLC227948 | IRDAI Reg. No. 151 
Reg. Office: 401/402, 4th Floor, Raheja Titanium, off. Western Express Highway, Goregaon (East), Mumbai- 400 063 | Toll free number – 1800-102-4462 | Website address –
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