Health insurance faqs

Yes, you can increase the sum insured at the time of renewal of your insurance policy. But for this you will need to get a prior approval from your insurance company.

Yes, you can add your family members to your existing health insurance policy however there are certain conditions. A newly-born baby or a newly-married spouse can be added immediately, in the middle of a policy. However you can add other members only after renewing an Individual Policy or Floater Policy and following the necessary procedure to get an approval from the insurer.

The number of factors that you need to take into account while determining an appropriate cover amount of your health policy is as follows:

1. Your age: Health risk increases with the age.
2. Diseases: If you are suffering from a prolonged illness or a hereditary disease or a genetic disorder.
3. Lifestyle: The kind of lifestyle you have, for example, sedentary.
4. Financial status: The amount of money you can afford to pay as a health premium regularly.

Medical checkup is mandatory for those aged 56 years and above. But it is also required in some cases, depending on the sum assured. The medical checkup can be done every three years, provided the policy is renewed without a break and the sum assured remains the same.

A Family Floater is a single and comprehensive policy for an entire family. It not only covers medical expenses during sudden illness, surgeries and accidents but also hospitalisation costs.

You can buy a family floater policy even if you are insured by your employer. It will supplement your existing medical cover if the cost of medical treatment is a little high to be covered by your existing cover level. Also, the insurance cover by your employer will remain in effect till you are in the service.

A health card comes with a health insurance policy and is similar to an identity card. It helps you avail of cashless treatment at the network of hospitals mentioned by your insurance company.

It has contact details of the third party administrators or TPAs. One can call on these numbers for any kind of assistance during a medical emergency.

Yes, everyone needs health insurance. It will help you and those mentioned in your health policy in the time of a medical emergency. Buying adequate health insurance cover in the time of increasing health care costs can save you from financial difficulties that can arise in the event of a major illness or hospitalisation.