Low Cost Policy

With the health risk increasing in India and the sky rocketing price of treatment related to different disease, it has become essential for a health insurance and yet at an affordable price. This is because the maximum population of India or the so called common man cannot afford a exorbitant premium.

A lot of Insurance companies have launched health insurance policies at an affordable price. The government of India has especially launched a cheap health insurance plan ‘Nirmaya’ for ‘autism’ and mental patients and patient with multiple disabilities. In the cashless scheme of this insurance policy an insured patient need not pay a penny up to an expenditure of Rs.1lak if they are hospitalized. Even transportation arrangement would be made by for this purpose. The premium insurance scheme is paid by the ‘National Trust’ for the ‘below poverty line person’. The above poverty line person can avail this facility by paying a minimum premium.

Similarly Tata AIG health insurance offers a cover up to 27laks for a family floats policy for as less as Rs.59 a day. In addition below are list of insurance companies that offer a coverage at a low premium if not as low as ‘Nirmaya’. The table is for a 30 year old person.

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Some insurance companies like ‘Cholamandalam’ offer insurance coverage up to 1lak for senior citizen of India. For a basic coverage of Rs.50000, the insured has to pay a premium of Rs.1, 985. The term is for 1 year. The maximum age limit is 70years. The features under this policy are -1. General and eye examination. 2. Hospital daily allowance. Other benefits offered are- Cashless facility, Hospitalization expenses for 90 days, local ambulance service, income tax benefits, and family discount. Diseases that exist during the inception of the policy get coverage for treatment. Diseases like cataract, prostatic hypertrophy, hysterectomy for hernia or fibromyoma, fistula, piles are treated for the first year of insurance.