insurance

Premiums as low as Rs 6.84 per day for mediclaim coverage of 2 Lakhs + personal accidental cover of 2 lakhs

Non Medical, hassle free over the counter Insurance products

Covers customers Up to 65 years of age

Least documentation with instant issuance of policy paper

what is HEALTH insurance ?

Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider. In health insurance terminology, the "provider" is a clinic, hospital, doctor, laboratory, health care practitioner, or pharmacy. The "insured" is the owner of the health insurance policy; the person with the health insurance coverage. In countries without universal health care coverage, such as the USA, health insurance is commonly included in employer benefit packages and seen as an employment perk.

  • Exclusive Products
    (Existing Clients)
  • Non-Exclusive Products
    (New Clients)

    "MHC – Max Bupa" is a mediclaim policy exclusively designed for Muthoot customers at a very affordable price having all facilities of a mediclaim including cashless treatment across 5000+ network hospitals in the country.

  • Powered by    (Max Bupa Health Insurance Company Ltd) 
  • Sum Insured -> Rs. 2 lacs for Medi-claim and Rs. 2 lakh for Accident Death Benefit.
  • Coverage-> For all In - Patient Hospitalization expenses.
  • Room Rent accommodation-> Room Rent- 1%of Sum insured; ICU- 2% of Sum insured.
  • All day care Procedure-> Covered upto Sum Insured.
  • Organ Donor Treatment-> Covered upto Sum Insured.
  • Ambulance Cover-> Up to Rs.1000 per Claim.
  • Membership-> For New and Existing Customers of Muthoot Finance.
  • Pre & Post Hospitalization-> Covered for 30 days & 60 days.
  • Age at entry & Premium-> 18-65 years | Rs.2500 for all Age group | A Non Medical Product.
  • Claim Settlement->Cashless (within Network Hospitals / Re-imbursement)
  • Cover Type-> Individual Only.
  • Immediate issue of policy from our branch itself, cover is activated immediately.

    "MHC – Religare" is a  mediclaim policy exclusively designed for Muthoot customers at a very affordable price having all facilities of a mediclaim including cashless treatment across 5000+ network hospitals in the country.

  • Powered by Religare Health Insurance Company Limited
  • Sum Insure -> Rs 2 Lacs
  • Room rent Accommodation -> Room Rent - 1% of Sum Insured ; ICU - 2% of Sum insured
  • All day care Procedure-> Covered upto Sum Insured
  • Organ Donor Treatment-> Covered upto Sum Insured.
  • Pre & Post Hospitalization-> Covered for 30 days & 60 days.
  • Age at entry & Premium-> 18-60 years | Rs.2400 for all Age group | A Non Medical Product.
  • Exit Age-> Life Long.
  • Membership-> For New and Existing Customers of Muthoot Finance.
  • Policy Tenure-> 1 Year.
  • Cover Type-> Individual Only.
  • Immediate issue of policy from our branch itself, cover is activated immediately.

    "MUTHOOT HEALTH GAIN"

  • EMI facility available for fresh policies
  • Automatic Recharge of Sum Insured with 20% cap on related illness
  • No Claim Bonus 
  • No Premium loading even if claim is made
  • Life Long renewability
  • Extended Family Cover
  • Covers In-laws, Brothers, sisters, etc.
  • Special privileges for covering girl child and single women
  • Call option - Doubling SI after 4 claim free years
  • Co pay: For those insured whose age at entry is 61yrs and above- 20% CO PAY
  • Direct Claim settlement
  • Tax Benefit u/s 80D

 

PRODUCT SNAPSHOT 

- Pre - Hospitalisation : Relevant medical expenses incurred during the period up to 60 days prior to hospitalization are covered 

- Hospitalisation : Covers Actual Medical expenses incurred in a hospital like:  Room rent, ICU/CCU charges, Nursing Expenses, Doctor / surgeon fees, Medicine cost, All other related expenses  

- Post Hospitalisation : Relevant medical expenses incurred during the period up to 60 days after hospitalization are covered. 

- Day Care Treatment - Medical expenses incurred for various surgeries that do not require a minimum of 24 hours of hospitalization are covered under the Day Care Treatment.  

- Domiciliary Treatment : 10% of Sum Insured (Max Rs.50000) will be payable, if  1) Not in a condition to move to a hospital  2) Non availability of room in hospital 

    OTHER EXPENSES 

    - Ambulance Cover:  1500/- to 3,000/- per claim

    - Claim Organ Donor :    Up to 50% of SI, Max Rs.5 Lakhs

   WAITING PERIOD:

    - Applicable  to treatment of any illness during the first 30-days from the date of policy purchase. Medical expenses incurred due to an accident will be

       covered from the first day itself. 

    - Named surgeries/ procedures are not covered in the policy during the first 2 policy years. For example, procedures like: Cataract, Arthritis, kidney stone, Gall Bladder stone, Hernia, piles, fissure   etc 

    - Any    pre-existing ailment/ injury/condition within 48 months prior to issuance of the first policy will not be covered for the first 4 continuous policy years 

    Who Can Enroll :

    - Policy Type : Individual and floater

    - Sum Insured : Rs 3 lakhs to Rs 18 Lakhs

    - Entry Age : 91 Days for floater and 5 years for individual

    - Exit Age : Life long support to Medical clearance

    - Sum Medical checkup : 46 years and above, sum Insured Rs 9 lakhs and above

    - Income tax benefit under 80 (D)

 

    Care is a Health Insurance policy comes with a wide range of Benefits for you

  • Widest range of sum insured - from 2Lac to 60 Lacs
  • Annual health check-up for insured members - regardless of claim history
  • Automatic policy recharge, if claim amount exhausts your coverage - with no extra cost
  • No premium loading on renewal even if claim made
  • Lifelong renewability
  • No claim bonus- 10% increase in sum insured
  • Facility of availing treatment anywhere in the world – For 50 & 60Lac SI
  • No upper-limit age on any plans
  • Daily allowance to meet incidental expenses
  • Ease of cashless treatment & settlement of claims directly by the company - No Third Party claim settlement
  • Avail discount of 7.5% and 10%, if premiums paid for 1st, 2nd and 3rd year in lump sum
  • Tax benefits U/S 80D up to Rs.55000.

RED CARPET

    Mediclaim Policy exclusively designed & customized for the Senior Citizens.

  • Wide range of Sum Insured - 1 Lakh (Available only in Muthoot channel) to 10 Lakhs
  • Age at entry - 60 to 75 years
  • Guaranteed lifelong renewals
  • No medical test required
  • Cashless facility available in network hospitals
  • Pre-existing diseases covered after 1 year
  • Ambulance charges for emergency transportation to hospital as per specified limits.
  • Post-hospitalisation paid as lump-sum upto the limit specified.
  • Specific day-care procedures covered.
  • Out patient expenses is covered, if Sum Insured is 3 lakhs and above
  • Room Rent - 1%, ICU Charges - 2%.
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Useful Tips To Buy Health Insurance

Co-pay

Co-pay is a fixed percentage of the hospital bill you will have to pay when you make a claim, while the balance will be paid by the insurance company. For e.g. If your policy has a 10% Co-Pay clause, it means for a Rs 1,000 claim, you have to pay Rs 100 while the insurer will pay Rs 900. Ideally, opt for a "no co-pay" plan so you don't have to shell out for every claim.

Lifelong Renewable

The duration of coverage is the most important factor in buying a health insurance policy. Your health is most likely going to deteriorate only in your sunset years so ensure that your coverage is lifelong and not for a few years. Always go for a plan that can be renewed lifelong.

Waiting Period for Pre-existing Diseases

Pre-existing diseases are classified as diseases/conditions that a person has before buying health insurance. All pre-existing diseases aren't covered from day one of buying the policy. The time taken to cover pre-existing diseases will vary from plan to plan. Check the amount of time taken to cover pre-existing diseases in your plan.

Room Rent

Your room preference during hospitalization matters (such as shared room, private room or private room with high-end facilities). A costlier room means you'll pay higher treatment and hospitalization charges! It's better if your plan has a higher room rent limit per day.

Your Health insurance premium is determined by

Your Current Age

Lower premium for younger buyers.

Members included

The premium depends on the number of insured members.

Room preference

Your room preference during hospitalization matters (such as shared room, private room or private room with high-end facilities) Remember costlier room means higher treatment charges too!

Pre-existing medical condition

Your premium will depend on any pre-existing medical conditions.

Smart buying tips for your Health Insurance

Assess Your needs

You can't choose your relatives. Luckily, you can decide which family members to include in your health insurance policy. The second important thing is your room preference during hospitalization such as shared room, private room or private room with high-end facilities.

Extra-Coverage for Critical Illness

A smart health insurance policy is one that covers you for bolts out of the blue - medical expenses for critical illnesses like cancer, stroke etc.

Know Your Budget

Consider your budget in order to avoid a huge premium. Don't pick all the options available under the insurance policy. This will eventually increase your premium amount. So tighten your purse strings sensibly.

Read the Fine-Print

The devil is in the details. Always read the "Terms & Conditions" of the policy i.e. features that are not covered under the policy. Make it a point to ask for sample policy wordings. With the in-depth knowledge about certain definitions, terms & conditions, exclusions and offered benefits, you'll always be the smarty-pants who's one step ahead.