Health insurance is one of the most significant things that almost all of us put money into. Health problems and in fact emergencies come uninformed. Many people pass away because they did not have enough money for their treatment. Well, when it is possible for us, we should buy a health insurance policy at the right time. This can at least save us from the sky-rocketing hospital bills.
Does this mean once you have a health insurance policy, you do not need to pay anything? Well of course you do. You have to pay premiums every month and you will get a sum insured. If your treatment is done within that sum insured, you do not have to pay anything. However, if you exhaust the sum insured, you will have to clear the rest of the bill from your pockets.
The real confusion arises in finalizing a health policy. Since the market is flooded with several insurance companies, it can be really tough to choose a particular insurer and then buy one health insurance policy from them.
Nevertheless, the two best insurance companies that you can really consider are HDFC Ergo and ICICI Lombard. Let us take a look at HDFC Ergo vs ICICI Lombard health insurance.
HDFC Ergo
Let us take an example of the HDFC Ergo Health Suraksha plan here.
- The minimum entry age of the policyholder has to be 18 years, while the maximum age is 100 years
- The minimum age for entry for a dependent member is 91 days and the maximum age is 21 years
- The maximum renewal age is lifelong
- The term of the policy is 1 year and 2 years
- The minimum amount of sum assured is INR 3 lakhs and the maximum is INR 5 lakhs
- If there is a pre-existing disease, the waiting period is 36 months
- If there is any named disease, the waiting period is 24 months
- The daycare treatment days covered in the plan are 150 days
- The OPD benefits are not included
- The pre-health checkup age is after 45 years
- Rent for ICU, organ donor expenses, and AYUSH treatment are covered
ICICI Complete Health
As we talk about ICICI Lombard health insurance, let us take the ICICI Complete Health plan as an example.
- The minimum age of buying an ICICI Complete Health plan is 18 years, while there is no limit for maximum age
- The minimum age for entry for a dependent member is 3 months, and the maximum age is 20 years
- The maximum renewal age is lifelong
- The term policy is 1 year and 2 years
- The minimum amount of sum assured under this plan is INR 3 lakhs and the maximum is INR 10 lakhs
- The waiting period for the pre-existing illness is 48 months, and for some of the named disease is 24 months
- The daycare treatments covered under this plan is 144 days
- The OPD benefits are not included
- The pre-health checkup age is after 46 years
- The rent for ICU and AYSH treatment are covered, while organ donor expenses are optional
- The pre-hospitalization cover is for up to 30 days, and the post-hospitalization cover is for up to 60 days.
There are several similarities in these two plans while some of the things differ. If you want more options for health insurance policies, you can visit the website of IIFL. You will be able to come across many health insurance policies, and you can even compare the premium through the health insurance premium calculator which you can find on the IIFL website. So, take no more time and get started with your search for the best health insurance plan for you and your family.
