*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
United India Health Insurance policies are one of the most preferred products in the market. Most of these policies offer comprehensive coverage, keeping the individual needs at different stages in life. One such policy that gaining popularity over the period is United India Gold Health Policy.
The United India Gold plan covers hospitalisation expenses, many other medical expenses, and domiciliary treatment availed either at home or hospital on the advice of a medical professional or doctor. With many benefits and features offered by this plan, it is a lucrative health insurance plan launched by the esteemed insurance company to take care of medical expenses arising out of any unforeseen ailment or an unfortunate accident. The policy also covers non-allopathic treatments like Homeopathy, Ayurveda, and Unani.
The United India health insurance policy comes with the following features:
Waiting Period:
Two year waiting period for:
Four year waiting period for:
The scope of benefits under this policy is categorized as below:
Free Look-in Period
|
Free Look-in period of 15 days within which the purchased policy can be returned if the terms and conditions are not suitable to the policyholder
|
Tax Benefits |
Tax exemption for a premium paid in other modes except in cash under section 80D of the Income Tax Act. Health Insurance premiums for senior citizens paid up to Rs 20,000 are permitted as an exemption from the taxable income of the financial year under section 80D of the Indian Income Tax Act, 1961 *Tax benefit is subject to changes in tax laws.
|
Claim Settlement |
From the receipt of the relevant claim documents, the insurance company settles the claim within 15 days |
Cashless Hospitalisation |
7000 plus hospitals |
Family Savings |
If family members also included in the family floater plan, 5% savings on the premium is provided by the insurance company |
Family Floater Plan members |
An individual, Spouse, Dependent children and Dependent parents |
Other Benefits |
• Once towards the end of the policy tenure – a medical check-up will be provided to the insured on a condition that no claims were made during that term. • Cashless facility available at network hospitals • No claim bonus |
*Savings offered by the insurer are as per the IRDAI approval. Standard T&C apply
The policy doesn’t include the expenses incurred for the following:
The minimum eligibility criteria of purchasing a United India Gold Policy are:
Parameters |
Minimum |
Maximum |
Entry Age for children with the condition that their parents are also insured in the same policy |
3 months |
18 years |
Entry Age for Adults |
36 years |
60 years |
Sum Insured (In Rupees) |
Rs 1 Lakh |
Rs 5 Lakh |
Tenure of the Policy |
1 year |
1 year |
The United India Insurance Company Ltd. offers a seamless claim settlement process for both cashless and reimbursement claims. The simple steps to claim this policy are mentioned below:
The policy can be bought through:
Agents are experts, who can take care of the paperwork with the issuance and purchase of insurance policy and who work with Insurance companies and are paid by them. They have the expertise to guide you to choose the appropriate policy that best suits individual needs and to settle relevant claims
Insurance companies that possess a license from the IRDA of India to sell insurance products can directly sell their plans and policies to applicants who are keen on buying health insurance from them. They also offer after-sales service, in comparison to various policies and claim settlement processes.
Keeping the appropriate documentation ready, the individual can visit various third-party websites online such as Paisawiki.com, compare different policies, and search for the best policy comparing the premium, compensation, settlement, and opt for the best plan. Online documentation can be submitted, an online comparison of the purchase of policy can be made after making the appropriate online payment.
Before purchasing a health insurance policy, the applicant must be ready with his personal details and relevant documents like:
The policy requires to be renewed on time. The insured can renew the policy through paisawiki.com as well. The simple steps for renewing the policy include:
The insurance company permits to renew this policy if the policyholder has paid out all his pending amounts of premium in the previous period to the company as stated in the previous schedule. It can reject a case of renewal if there is any kind of fraud, diversion, misrepresentation, miscommunication, or suppression by the policyholder.
The insured gets a grace period of 30 days to remit the balance premiums of the previous year and to pay a premium towards renewal. In this case, there will be no lapse, and the continuity of the plan will be maintained. However, if within this period, there is any claim or medical emergency suffered by the insured, the insurance company will not be held liable in this case. If the payment towards renewal is not made within the grace period of 30 days, the plan stands cancelled and will be treated as null and void, and a fresh policy will have to be purchased.
Ans. The insured can apply for an enhancement in sum insured by:
Filing a request form along with a declaration that the insured is not aware of any symptoms or other indications that can lead to an immediate medical claim.
The insurance company may require a medical screening of the policyholder to take a decision on enhancement in the Sum Insured.
Reimbursement of 50% of the cost of the medical examination will be made to the policyholder if the insurer accepts the request.
Ans. The Company can send a 15 days' notice before cancelling the policy due to misrepresentation, fraud, the secrecy of material fact or non-cooperation by the policyholder
The insurance company will return a proportion of the last premium if the company has paid no claim.
Period on risk |
Premium charged |
Till 1 month |
One-fourth of the annual rate of premium
|
Till 3 months |
Half of the annual rate of premium |
Till 6 months |
Three fourth of the annual rate of premium |
Above 6 months |
Full Annual Rate of premium |
*Standard T&C Apply
Ans: The policyholder will be entitled to reimbursement of medical screening cost only once at the end of 3 underwriting years with the condition that no claims will have been reported during this time. Also, the other condition is that the renewal of the policy has been done without any break in the policy which should be active in continuity. The amount of reimbursing this medical test cost is 1% of the sum insured for the preceding 3 policy years.
Ans: The payment is made:
In case the payment is delayed, the insurer may have to pay interest at 2%.