Health Insurance
Tailored insurance plans for you
What Is Health Insurance?
A health insurance plan is a policy that covers medical expenses incurred due to illness, injury, or accidents. It helps pay for hospitalization, surgeries, treatments, and other healthcare needs, either through cashless treatment or reimbursement.
With Vaishnavi Insurance, health insurance acts as a financial shield, protecting you and your family from rising medical costs and unexpected health emergencies.
A good health insurance policy generally covers:
Pre and post-hospitalization expenses
Mental health and psychiatric treatment
Annual health check-ups
Maternity-related expenses
Critical illnesses
Why Do You Need Health Insurance?
Many people believe that being young and healthy means they don’t need health insurance. However, modern realities tell a different story:
Rising Mental Health Issues
Stressful lifestyles and work pressure have significantly increased mental health concerns such as anxiety, depression, and hypertension, affecting millions of people.
Increasing Healthcare Costs
Medical inflation is rising rapidly. Treatments like angioplasty or cardiac surgery can cost ₹3 lakhs or more, making health insurance essential for quality care.
Uncertain Times & Pandemics
Events like COVID-19 have shown how unpredictable health emergencies can be. Health insurance helps you manage such crises financially.
Serious Illnesses Among Youth
Diseases like cancer are no longer age-specific. Treatment costs can be extremely high without insurance coverage.
Lifestyle-Related Health Problems
Sedentary habits often lead to hospitalization, increasing medical expenses unexpectedly.
These realities make health insurance a necessity, not a luxury.
Types of Health Insurance Plans
Vaishnavi Insurance offers different types of health insurance to suit diverse needs:
Family Floater Health Insurance – One policy covers the entire family under a single sum insured.
Individual Health Insurance – Covers medical expenses of one individual only.
Senior Citizen Health Insurance – Designed for individuals aged 60 years and above.
Maternity Health Insurance – Covers pre and post-natal medical expenses.
Critical Illness Insurance – Provides coverage for life-threatening diseases.
Group Health Insurance – Offered by employers for their employees.
Top-Up Health Insurance – Enhances coverage over an existing policy when medical costs increase.
Tax Benefits of Health Insurance (Section 80D)
Buying health insurance not only protects your health but also helps save tax. Under Section 80D of the Income Tax Act, you can claim deductions on premiums paid.
| Eligibility | Tax Exemption Limit |
|---|---|
| Self + Family | Up to ₹25,000 |
| Self + Family + Parents (Below 60 yrs) | Up to ₹50,000 |
| Self + Family (Below 60) + Parents (Above 60) | Up to ₹75,000 |
| Self + Family (Above 60) + Parents (Above 60) | Up to ₹1,00,000 |
Common Health Insurance Terms Explained
At Vaishnavi Insurance, we believe in transparency. Here are some commonly used health insurance terms explained simply:
Cumulative Bonus – Increase in sum insured for every claim-free year without extra premium.
Sum Insured – Maximum amount your insurer will pay in a year.
Daycare Procedures – Treatments not requiring 24-hour hospitalization.
Pre-Hospitalization Expenses – Medical costs incurred before hospital admission.
Deductible – Amount you pay before the insurer starts covering expenses.
Portability – Option to switch insurers without losing waiting period benefits.
Co-Payment – Percentage of medical expenses shared by you and the insurer.
Waiting Period – Time you must wait before claiming certain benefits.