Health Insurance

Health insurance is essentially a financial safety net that helps cover the costs of medical care. Instead of paying the full amount out of pocket when you need treatment, you pay a regular premium to an insurance company, and in return, they share the cost of your healthcare expenses.

Here’s a quick breakdown of the main elements:

🏥 Key Features of Health Insurance

Premiums: The fixed amount you pay regularly (monthly or annually) to keep your policy active.
Deductibles: The amount you pay out of pocket before your insurance starts covering costs.
Copayments & Coinsurance: Your share of the cost for services (e.g., a fixed fee for a doctor visit or a percentage of hospital bills).
Coverage: Includes hospitalization, surgeries, doctor visits, prescription drugs, preventive care, and sometimes dental/vision depending on the plan.

Types of health insurance we offer

Individual health insurance plans:

Individual health insurance plans which cover a single individual under the cover

Family floater health insurance plans:

Family floater health insurance plans which cover the entire family under the plan. A family consists of the policyholder, spouse, dependent children, and dependent parents. One plan covers the entire family on a floater basis. The sum insured is shared by the family members. Any member can make a claim up to the sum insured.

Critical illness health insurance plans:

Critical illness health insurance plans which cover major critical illnesses. If the insured is diagnosed with any covered illness, the sum insured is paid. The policyholder can use the sum insured to meet the cost of advanced treatments or pay for any other financial obligations

Top-up health insurance plans:

Top-up health insurance plans which provide supplemental coverage at minimal rates of premiums. If individuals feel that their coverage is low, they can buy top-up plans to increase the coverage. There is a deductible limit under these plans. Any claim which is in excess of the deductible limit is paid.

Super top-up health insurance:

Super top-up health insurance plans which are also called aggregate health plans. These also help to enhance the sum insured at affordable premium rates. Super top-up plans are like top-up plans. They also have a deductible limit and claims exceeding the limit are only paid. However, while top-up plans consider each instance of claim separately, super top-up plans aggregate the total claims made in a policy year and then apply them against the deductible limit. If the aggregate claims exceed the deductible, the claim is paid

Senior citizen health insurance plans:

Senior citizen health insurance plans which are meant to cover individuals in their older ages. Individuals who are 61 years and above can be covered under senior citizen health insurance plans. The sum insured under these plans are limited and premiums are affordable.

Hospital cash plans:

Hospital cash plans which pay a fixed benefit for each day of hospitalisation. If the insured is hospitalised, a daily allowance would be paid every day up to a maximum period.

Disease-specific health plans

These can be indemnity oriented or fixed benefit health insurance plans which cover specified illnesses like diabetes, cancer, heart-related ailments, dengue, etc.

You should understand the types of medical insurance plans before choosing the best plan suiting your requirements.

Why should you buy health insurance From US?

There has been a constant rise in the percentage of health-related risks over a few decades. This has made it more and more necessary for us to get ourselves insured and avoid any financial crisis during medical emergencies. Buying insurance policies with us has a number of benefits over traditional mode of investing in policies-

Time Saving

The availability of so many policies online has made it easy to get quotations for the policies of your choice and it also helps you in saving the time you would have spent talking to an insurance agent.

Easy Comparison

With all the information available within the reach of your hands, you can compare the policies, calculate the premiums and choose the best plan for your budget.

Lot of Choices

When you come to an insurance platform like sparrowmint, you have a lot of options, making it easy to go through a range of plans and products.

24*7 Availability

You can get policy-related information and service all round the clock

Instant Coverage

We as a health insurance providers provide you with an policy document and thereby making your insurance active immediately. Although the method is so fast, it is extremely reliable and safe. we make sure that your transactions are kept safe and private.

Discounts

Most insurance companies offer premium discounts when you buy a policy online. You must always be on a lookout for the best deals that are easily available online.