Can I apply for a Health insurance policy when I am already diagnosed with some disease or ailment?

Do I get a No Claim Bonus under my health insurance if I do not make a claim ?

My Claim for a  cardiac surgery under the Mediclaim policy has been rejected by the insurance company on the ground of  “Pre-existing  exclusion” ? What is the use of buying health insurance ?

Can I buy health insurance for 3 years at a time ?

What is a Family Floater insurance ?

I need to be hospitalized for just 4 hours for a minor surgery ? But my policy says I need to be hospitalized for a minimum of 24 hours to claim.  How do I go about ?

Can I buy a health insurance plan for my parents with the pre-existing disease cover? 

Do I get Income Tax rebate on the health insurance premium ?  

Q) Can I apply for a Health insurance policy when I am already diagnosed with some disease or ailment? 

A) Yes, you can. But the policy will be issued subject to the exclusion of the diagnosed disease and other diseases pre-existing at the time of cover inception. However, if you are buying a Senior Citizen plan, the claim for a diagnosed disease would be paid from the second year onwards.

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Q) Do I get a No Claim Bonus under my health insurance if I do not make a claim ?

A) Yes, some plans offer a discount in premium. Others offer an increase in your benefit amount for every claim-free year.

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Q) My Claim for a  cardiac surgery under the Mediclaim policy has been rejected by the insurance company on the ground of  “Pre-existing  exclusion” ? What is the use of buying health insurance ?

A) Most retail insurance plans do not cover treatment to any ailment / disease which was existing when the policy was first purchased. However, some plans cover such conditions after one, two or four continuous renewals.

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Q) Can I buy health insurance for 3 years at a time ?

A) Some plans offer cover for upto two years at a stretch.

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Q) What is a Family Floater insurance ?

A) Under a Family Floater health plan, the benefit amount is available to any or all the family members together. For example, if  a family consisting of husband, wife and 2 kids purchase a floater plan of Rs.5 Lakhs, any one member or all the four family members put together can claim upto Rs.5 Lakhs during the policy period.

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Q) I need to be hospitalized for just 4 hours for a minor surgery ? But my policy says I need to be hospitalized for a minimum of 24 hours to claim.  How do I go about ?

A) For certain procedures, the requirement of 24 Hrs. hospitalization is waived. For example : Cataract, Dialysis, Chemotheraphy etc. However, the list of procedures varies from insurer to insurer. Please check your plan to confirm.

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Q) Can I buy a health insurance plan for my parents with the pre-existing disease cover ? Do I get Income Tax rebate on the health insurance premium ? 

A) Yes, if your parents are below 70 Years and subject to medical tests, health insurance can be arranged with pre-existing disease cover.

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Q) Do I get Income Tax rebate on the health insurance premium ?

Health insurance premium paid upto Rs.15000 for insuring self and dependents is eligible for income tax rebate. The limit is Rs.20,000 for senior citizens. 

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