Health Insurance in Cochin

Know everything about health insurance plans in Cochin, from features and benefits to buy and claim process.
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3 min
15-March-2024

Cochin, a bustling metropolis in the heart of Kerala, is known for its vibrant culture, historic sites, and a dynamic economy. With a growing population and a lifestyle that is becoming increasingly urbanised, the health needs and challenges of its residents have evolved significantly. In this context, health insurance emerges as a crucial necessity, offering financial protection against escalating medical costs. This guide delves into the nuances of health insurance in Cochin, from the importance of having a policy to the steps for claiming insurance. Also, explore the various health insurance plans offered through Bajaj Finance and the steps to buy these policies without any paperwork.

Health statistics of Cochin

Cochin, like many other urban areas, faces a mix of health challenges ranging from infectious diseases to lifestyle-related ailments. The city's healthcare infrastructure, comprising both government and private hospitals, caters to a wide spectrum of health services. However, the cost of healthcare has been on the rise, making it essential for individuals and families to consider health insurance as a safety net. Bajaj Finance along with reputed insurance companies offers a plethora of affordable health insurance plans that cater to individual requirements.

Key features and benefits of buying health insurance in Cochin

Buying health insurance in Cochin offers several key features and benefits that are crucial for securing your and your family's health and financial well-being. Here are some notable features and benefits of health insurance plans offered through Bajaj Finance:

  • Cashless treatment: Health insurance plans often come with cashless treatment options, allowing you to get necessary medical treatments without having to pay upfront. This is especially beneficial during emergencies, as the insurance company settles the bills directly with the hospital.
  • Comprehensive coverage: Plans typically offer comprehensive coverage that includes hospitalisation, pre-and post-hospitalisation expenses, daycare treatments, OPD expenses, maternity benefits, and more. This wide-ranging coverage ensures that you are prepared for various medical needs.
  • Tax benefits: Getting a health insurance also provides tax benefits under Section 80D of the Income Tax Act, helping you save money while securing health coverage.
  • Network of hospitals: Look for insurance plans that include a wide network of hospitals, ensuring you have access to quality healthcare facilities near you. This is critical for availing cashless treatment and ensuring that you receive timely medical care.
  • Additional coverage options: Depending on your needs, you can enhance your coverage by adding riders to your policy, such as maternity riders for covering pregnancy and newborn costs. This flexibility allows you to tailor your insurance to your specific needs.
  • Lifetime protection: Many insurance providers now offer plans with lifetime renewability, which means you can renew your policy indefinitely, ensuring lifelong coverage.
  • Coverage for lifestyle diseases: With changes in lifestyle, diseases such as asthma, diabetes, hypertension, and cholesterol are on the rise. A comprehensive health insurance plan covers these chronic diseases, providing relief in managing the high cost of treatment. Some health insurance plans offer coverage for pre-existing diseases after completing a waiting period.
  • Financial security: One of the primary benefits of health insurance is the financial security it provides during medical emergencies. It helps you cover the rising costs of medical treatment without dipping into your savings.
  • Early age benefits: Getting insured at an early age can be beneficial as it generally comes with lower premiums. Moreover, younger individuals are less likely to have pre-existing conditions, making it easier and more affordable to get comprehensive coverage.

It's important to consider these features and benefits when choosing a health insurance plan in Cochin. Carefully assess your and your family's health needs, compare different plans, and choose one that offers the best combination of coverage.

Why do you need health insurance in Cochin?

The escalating cost of medical treatments and the rising incidence of diseases highlight the need for health insurance in Cochin. Health insurance provides a financial backup during medical emergencies, ensuring that you receive the best possible care without worrying about the expenses. It covers hospitalisation costs, pre-and post-hospitalisation expenses, and even offers cashless treatment at network hospitals, among other benefits. Buying health insurance plans in today’s digital world is easy. You can simply compare and buy the most suitable health insurance plans online through insurance providers like Bajaj Finance. Choose from the plethora of the health plan options and stay financially equipped during medical emergencies.

How to buy health insurance in Cochin?

Purchasing health insurance in Cochin involves researching various policies, comparing their features, and choosing one that best suits your needs. You can buy insurance directly from insurance companies, through agents, or online platforms that offer the ability to compare different policies. Important factors to consider include the sum insured, premium amount, coverage, network hospitals, and the claim settlement ratio of the insurer.

To buy health insurance plans through Bajaj Finance Insurance Mall, follow the below guide.

A step-by-step guide to buying health insurance online 

Here are the steps to buy health insurance through Bajaj Finance Insurance Mall. 

Step 1: Click on ‘Get Quote’ to open our online application form. 

Step 2: Fill in the application form with some basic details of the insured/proposer. Fill in the name, gender, mobile number, date of birth, and residential PIN code.

Step 3: Now click on ‘Get Quote’ to proceed. 

Step 4: From the list of policies shown, choose any comprehensive health insurance by clicking on ‘Buy Now’.

Step 5: Select the policy term and premium amount. 

Step 6: Enter your email ID and check if all personal details shown are correct. Click on ‘Next’ to proceed. 

Step 7: Enter some additional details, such as height, weight, nationality, marital status, address, and nominee details (if applicable). 

Step 8: Answer a few questions about your health and lifestyle by clicking the relevant checkboxes. Click on the ‘Next’ button to proceed. 

Step 9: Verify if the previously filled details are correct and click on the ‘Proceed’ button to visit the payment page. 

Step 10: Make the payment through net banking, UPI, debit, or credit card to buy the policy. 

Also, read about health insurance renewal.

What is covered in health insurance in Cochin?

Health insurance policies in Cochin typically cover the following medical-related expenses:

  • Hospitalisation expenses: From room charges to surgical procedures, your policy typically covers the costs incurred during hospital stays.
  • Pre-and post-hospitalisation: Expenses for diagnostic tests, consultations, and medications before and after hospitalisation are often included.
  • Daycare treatments: Certain medical procedures that do not require overnight stays, like chemotherapy or minor surgeries, are covered. Health insurance plans offered through Bajaj Finance cover 500+ daycare procedures, depending on the policy chosen.
  • Domiciliary treatment: Health insurance plans cover medical care provided at home for specific conditions, ensuring comfort and convenience for patients. Bajaj Finance offers health insurance plans that cover treatment taken at home due to unavailability of hospital bed or the patient cannot move/unable to go to hospital.
  • Ambulance charges: Emergency ambulance services to transport you to the hospital are typically covered in the health insurance plans.
  • Organ donor expenses: Costs related to organ transplantation, including surgery and post-operative care, are often part of the health insurance coverage.
  • Additional benefits: Apart from the above coverages, health insurance plans offered through Bajaj Finance also offer maternity benefits, newborn care benefits, and preventive health check-ups.

What is not covered in health insurance in Cochin?

While health insurance offers comprehensive coverage, certain conditions and treatments are generally excluded.

  • Pre-existing diseases (covered after a waiting period)
  • Cosmetic surgeries like bariatric surgery
  • Dental treatments
  • Injuries due to participation in high-risk activities

Reading the policy document carefully is crucial to understand the coverage and exclusions.

How to claim health insurance in Cochin?

Claiming health insurance involves two main types of claims:

Cashless claims:

  1. Inform your insurer: Notify your insurance provider in advance about planned hospitalisation.
  2. Choose a network hospital: Seek treatment at a hospital within your insurer's network.
  3. Submit documents: Provide your health insurance card and relevant documents like doctor's prescriptions and diagnostic reports.
  4. Approval: The insurer verifies your details and approves cashless treatment directly with the hospital.
  5. Get the treatment: Receive treatment without paying upfront (except for non-medical expenses).

Reimbursement claims:

  1. Pay upfront: Cover your medical expenses and keep all bills, receipts, and medical reports.
  2. Inform your insurer: Notify your insurer about the treatment and expenses incurred.
  3. Submit documents: Fill the reimbursement claim form and attach all original bills and documents.
  4. Review and approval: The insurer will assess your claim and approves reimbursement based on policy terms.
  5. Receive payment: Once approved, the insurer reimburses the eligible expenses.

Understanding these processes ensures a smooth claim experience and timely reimbursement or cashless treatment under your health insurance policy.

Things to consider when choosing the most suitable health insurance in Cochin

When choosing health insurance, consider the following factors:

  • Coverage scope: Assess the extent of coverage offered, including hospitalisation, daycare procedures, pre-existing conditions, and critical illnesses.
  • Network hospitals: Check the list of network hospitals for easy access to cashless treatment facilities.
  • Premiums and deductibles: Compare premiums and deductibles to find a balance between affordability and coverage benefits.
  • Claim process: Evaluate the ease and efficiency of the claim process, including cashless facility availability and reimbursement timelines.
  • Additional benefits: Look for added benefits like wellness programs, preventive care services, and maternity coverage.
  • Waiting periods: Understand waiting periods for pre-existing conditions, maternity benefits, and specific treatments.
  • Renewal age and lifetime renewability: Ensure the policy offers lifelong renewability and consider the maximum renewal age.
  • Exclusions: Familiarise yourself with policy exclusions to avoid surprises during claim settlement.
  • Customer service: Evaluate the insurer's reputation for customer service and responsiveness to queries and claims.

Conclusion

Health insurance is no longer a luxury but a necessity, especially in a city like Cochin where medical costs can quickly become a burden. With the right health insurance plan, individuals and families can safeguard their health and finances, ensuring peace of mind in times of medical emergencies. For easy and hassle-free purchase, visit Bajaj Finance Insurance Mall to compare and buy health insurance plans through a 100% digital process and no paperwork.

Also check

Health Insurance in Agra

Health Insurance in Jaipur

Health Insurance in Delhi

Frequently asked questions

What factors should I consider when choosing health insurance in Cochin?

Consider the insurance coverage, sum insured, premium cost, network hospitals, claim settlement ratio, and specific benefits like cashless treatment and health check-ups.

Are there any specific health insurance plans designed for families in Cochin?

Yes, many insurers offer family floater plans that provide coverage for the entire family under a single policy, often proving to be more cost-effective than individual plans.

How can I compare different health insurance options available in Cochin?

Use online comparison tools offered by financial advisory websites or insurance aggregators to compare policies based on coverage, premiums, benefits, and other factors.

What are the key benefits of having health insurance coverage in Cochin?

The key benefits include financial protection against high medical costs, access to quality healthcare without delay, peace of mind during health emergencies, and coverage for a wide range of medical treatments and services.

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Disclaimer

*T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, The New India Assurance Company Limited, Cholamandalam MS General Insurance Company Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.