*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Health insurance is a form of insurance that provides coverage for healthcare expenses incurred by the policyholder in exchange of premium. A health insurance plan is a binding contract between the policyholder and the insurer according to which the insurance provider has to provide financial coverage or reimbursement of various healthcare expenses incurred by the policyholder (as defined the terms of the policy).
Currently, there are many options for medical insurance policies to choose from. These policies come with various benefits such as tax benefits (as mentioned under Section 80D of the Income Tax Act, 1961), coverage for daycare, hospitalization, domiciliary treatment expenses, options like add-ons for policy, co-payments; etc.
Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) is one of the leading financial services and health insurance providing company in India. It specializes in providing a wide range of policies related to health insurance. It also offers solutions in the area of wealth management, investment, insurance, stock-broking, and lending.
Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) was founded and established in July of 1967 and launched in 2012.
The company is headquartered in New Delhi. The stakeholders of Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) hold certain portions of stock of the above three organizations that are interrelated.
Care Health (formerly known as Religare Health) benefits from the knowledge on the health insurance market of its promoters, which are the founders of Fortis Hospitals, which is one of the highly reputed chains of healthcare institutions in India.
Care Health (formerly known as Religare Health) provides jobs for more than 6000 employees and has a total of 142 branches spread across India. It has more than 7000 hospitals as its network of hospitals. The current CEO and MD of the company is Mr. Anuj Gulati.
Serial Number |
Features of the Company |
Specifications |
1 |
Hospital Network |
7400+ |
2 |
Grievances solved (in percentage) (till date) |
99.30% |
3 |
The ratio of Incurred claims |
93% |
4 |
Waiting Period specified for Pre-existing disease(s) |
4 years |
5 |
Policy Renewability |
Lifetime renewal |
There are a plenty of health insurance plans available in the market to choose from. But, one should tread carefully while thinking of buying a health insurance plan.
There are a lot of factors that need to be considered, which decide the overall quality of a policy. Some of these factors are Premium Rates, Waiting Period, Free-look Period, Co-payment, Hospitalization, Daycare expenses, Domiciliary treatments, etc.
Considering the ever-rising medical costs and the savings of an individual who goes through a medical emergency, it is strongly recommended to get medical insurance.
Care Health Insurance (formerly known as Religare Health Insuurance), being one of the leading insurance providers and primarily specializing in the domain of health insurance, is a great choice as an insurer. Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) plan not only provides coverage for medical emergencies and expenses but also protects one from facing a financial crisis and getting insured against any unforeseen medical contingencies.
Some of the reasons that dictate that Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) plans are indeed a great choice as health insurance plans are mentioned below:
Care Health (formerly known as Religare Health) has a hospital network that consists of more than 7400 prominent and leading healthcare institutions such as Fortis Hospitals (promoters of Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited). A Care Health (formerly known as Religare Health) policyholder can avail cashless hospitalization in any of the hospitals in this list.
The Company offers preventive medical checkups for its policyholders without any extra annual cost. They also offer coverage for various pre-defined diagnostic and medical tests that are listed in the policy contract.
Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) offers numerous options when it comes to how many members of a family and individual want to get insured. They offer various Family Floater plans that provide health insurance for up to 6 family members, which are 2 children and 4 adults. Also, the company offers a wide range of options for health insurance products that one can select from based on his/her requirements.
Financial coverage for pre-hospitalization as well as post-hospitalization expenses are provided by Care Health (formerly known as Religare Health). The expenses coverage is offered for a maximum of 30 days for prior hospitalization and 60 days for post-hospitalization.
Care Health (formerly known as Religare Health) provides coverage for medical treatments and checkups related to pre-existing diseases and ailments suffered by the policyholder after a certain Waiting Period, which is 4 years.
Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) policies have no restriction on age for the renewal of a policy. All of the policies offered by it come with a Lifetime Renewability option. This is particularly advantageous to those who do not wish to take a break from being insured by a health insurance policy.
Care Health (formerly known as Religare Health) offers hassle-free claims process for its policyholders as there is minimal documentation and no involvement of TPAs (Third Party Administrators).
The Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) offers a total of 6 Health insurance plans which have been mentioned below:
Plan Name |
Minimum Age of Entry |
Maximum Age of Entry |
Policy Term |
Care |
5 years |
No Limit |
1 year/2/3 years |
Joy |
For newborn: 1 day For children: 1 day For adults: 18 years |
For newborn: 90 days For children: 24 years For adults: 45 years |
1 year/2/3years |
Enhance |
1 day |
No Limit |
1 year/2/3 years |
Secure |
91 days |
For kids: 24 years For adults: 70 years |
1 year/2/3 years |
Assure |
18 years |
65 years |
1 year/2/3 years |
Some of the prime features of Care Health Insurance (formerly known as Religare Health Insurance) policy are as follows:
Some of the prime benefits of Care Health Insurance (formerly known as Religare Health Insurance) policy are as follows:
Some of the add-on covers for a Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) plan are as follows:
The documents that are required to be submitted with the insurer while applying for a health insurance policy are mentioned below:
The policy inclusions of Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) plans are as follows:
The policy exclusions of Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) plans are mentioned below:
The eligibility criteria for Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) plans depend on the age of the applicant, which is different for different policies that Care Health (formerly known as Religare Health) provides. The age criteria are mentioned below:
Serial Number |
Name of the Plan |
Age |
|
Minimum Age |
Maximum Age |
||
1 |
Care Health Care Plan (formerly known as Religare Health Care Plan) |
91 days |
No limit |
2 |
Care Health Joy Plan (formerly known as Religare Joy Plan) |
18 years (for adults) 1 day (for newborn babies) |
65 years (for adults) 24 years (for children or young adults) 90 days (for newborn babies) |
3 |
Care Health Care Freedom Plan (formerly known as Religare Care Freedom Plan) |
46 years |
No limit |
4 |
Care Health Enhance Plan (formerly known as Religare Enhance Plan) |
1 day (for floaters) |
No limit |
Mediclaim is the process that allows them to file a medical insurance claim on their policy when the claimant has financial requirements on the grounds of medical expenses. The medical costs include hospitalization charges (ideally at one of the hospitals in the hospital network of the insurer), cost of emergency medical treatment, etc.
Regarding a Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) plan, the policyholder is required to intimate the insured about a claim within 24 hours for emergency hospitalization or 48 hours for planned hospitalization. The policyholder has to intimate the insurer about reimbursement of medical expenses within 24 hours.
Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) offers a hassle-free claim process with minimal documentation and excellent customer care to address the queries of the policyholder.
The different claim scenarios that can arise are mentioned below:
Form to be collected or downloaded and filled up – Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) claim form
Form to be collected or downloaded and filled up – Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) claim reimbursement form
Form to be collected or downloaded and filled up – Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) accidental injuries claim form
Form to be collected or downloaded and filled up – Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) death claim form
A renewal form needs to duly fill and submitted with the insurer to renew a policy. The renewal form can be collected at the nearest branch office of the insurance company or downloaded from its official website.
All the policies offered by Care Health (formerly known as Religare Health) except Care Health Joy (formerly known as Religare Joy), Care Health Secure (formerly known as Religare Secure), and Care Health Assure Plans (formerly known as Religare Assure plans) have lifetime renewability. That is, there are no age restrictions on those policies regarding policy renewal.
The plans mentioned above have an age restriction, and therefore a policyholder has to renew these plans before hitting the maximum age limit.
Just like the claim process, Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) also offers a hassle-free renewal process to policyholders, and the process itself is quick and very simple.
Various details that the policyholder has to provide in case of applying for policy renewal are as follows:
The policyholder has to submit the policy documents in original with ID proof (KYC or non-KYC documents) and pay the appropriate amount for policy renewal. This can be done at the nearest branch office or through online mode.
In the case of online mode, payment can be made through Credit or Debit card or Net banking. After a few days of completing the payment process, the policyholder will receive a policy renewal confirmation.
There are 2 ways that an interested individual can follow to purchase a Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) Insurance plan – online or offline.
The offline mode refers to the process where the individual has to visit the office of the insurer to check out the details of a policy that he/she is interested in and purchasing it after filling up an application form. The insured also has to provide applicable documents in support of his/her application.
The online mode refers to the buying of a health insurance plan. One of the good things about Care Health (formerly known as Religare) is that it provides all of its plans to be purchased online. One can visit the official website of Care Health Company Insurance Limited (formerly known as Religare Health Insurance Company Limited)y to check out the policy details and purchase it.
In the case of the offline mode, payment can be made through cash, cheque (s), demand drafts or NEFT transfers at the branch office. The online mode offers Credit or Debit card, Net banking, and NEFT transfer payment options.
Ans: Health insurance is required to avoid any unforeseen or unfortunate medical contingencies that one can suffer from or the financial crisis that it may lead to. A health insurance plan provides coverage for various medical expenses incurred by a policyholder.
Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) is an excellent choice to buy health insurance plans as it primarily specializes in designing customer-oriented health insurance policies and is one of the leading insurers in India
Ans: The following plans offer Lifetime Renewability:
Ans: Co-payment refers to the situation where the policyholder incurs partial medical expenses. This means that both the insurance company as well as the policyholder pay for certain medical charges. This option can be activated as per the policyholder’s wish. Activating co-payment substantially decreases the value of premiums to be paid.
Ans: No, these medical treatments or tests are not covered by a Health Insurance plan offered by Care Health (formerly known as Religare Health).
Ans: The No-claim Bonus Super is an add-on that a policyholder can add to his/her policy by paying extra. This add-on increases the Sum Insured amount by 50% for 1 claim-free policy year. The maximum increase in Sum Insured is 150% that can be achieved after 5 claim-free policy years.
Ans: One can make a reimbursement claim by filling a reimbursement claim form and submitting it with the insurer within 48 hours of incurring the medical expense, against which the reimbursement is applied for.
Ans:A family floater plan is a health insurance plan that provides coverage for an entire family (up to 6 family members – 2 children and 4 adults). In contrast, an individual floater plan takes care of the medical needs of a single person.
Ans: Cashless Hospitalization is a type of benefit wherein an insurer provides the finances for the medical requirements, as in hospitalization, of its policyholder. Yes, all the Care Health Insurance Company Limited (formerly known as Religare Health Insurance Company Limited) Insurance plans offer Cashless Hospitalization benefits.