What is a Health Insurance Card and Its Importance

Health Insurance Card and Its Importance – Know in Detail

Your health insurance card is just as important as your standard debit or credit card and it’s a good idea to keep it with you at all times. This post talks all about what a health insurance card is and its importance for its holder, i.e., you.

When you buy a health insurance plan from your insurer, they will issue you a health insurance card. This document is actually quite important because it contains all the vital details pertaining to your health insurance policy purchased. Besides that, the card also indicates the extent of coverage that your health insurance provides. This is why it is important to keep this card safe with you at all times. Learn more about health insurance card and its importance in this blog.

What Exactly is a Health Insurance Card?

As stated above, a health insurance card is provided by your insurance company at the time of buying a health insurance plan. Before we proceed, a quick recap of what is health insurance? It refers to the policy or plan that provides coverage for your medical expenses or healthcare treatment costs.

Now coming back to the health insurance card; it is essentially a proof or validation of the health insurance policy that you purchased from an insurance company. Now let us look at health insurance card and its importance.

Also Read: Digital Health ID Card – Know Everything

What Does a Health Insurance Card Contain?

All your personal information is detailed in your health insurance card, which comes in handy at the time of admission to the hospital for availing medical treatment. Besides this, your health insurance card would also contain all the important details regarding your health insurance policy, which again the hospital would need at the time of admission formalities. Listed below are the essential details covered in the health insurance card of the policyholder:

• Name of the cardholder
• Date of birth of the cardholder
• Type of health insurance policy
• Total sum insured under the plan
• Health insurance policy number
• Date of expiry of the policy
• Name of the insurance company

Note: Each policyholder is issued a unique health insurance card. This is why it’s important to keep it safely. Also, make sure to carry the card with you at all times because you might need it anytime in case of availing medical treatment in an emergency. With the health insurance card, you’d be entitled to receive cashless hospitalization at the hospital. The card can also be used to claim reimbursement for the medical care costs from the insurer later.

Importance of Health Card for the Insured

Your health insurance card is a very important document indeed and therefore it is always advisable to keep it safe with you at all times. Here are some of the top benefits of having a health card:

• Allows you to access cashless hospitalization everywhere: Your health insurance card is your ticket to availing cashless medical treatment anywhere in the country. You might be traveling to a different state and may require medical treatment urgently; with the health card in your wallet, you can easily opt for the cashless hospitalization facility at any of the network hospitals listed with your insurer.
• Stores all your policy details at one place: Having a health insurance card makes it convenient to keep all your vital health insurance policy details safely at one place. You can immediately access this info anytime, anywhere and avail cashless health treatment in a jiffy. Moreover, since the date of policy expiry is present on the card, it serves as an instant reminder to get your policy renewed to continue enjoying its benefits.
• Makes it easy to carry around: The advantage of having a health card is that you only need to carry it in your wallet or purse instead of carrying all the policy documents with you at all times, which isn’t convenient. The card has your policy number on it and that’s all you need to comfortably avail treatment at a hospital anywhere, all cashless. Convenient, right?

Health Insurance Card Download

While your health insurance company would normally issue your health card to you manually, along with the other policy documents, you can also choose to download it online. This is a convenient option in case you couldn’t collect it personally for some reason. Here’s how you can download your health insurance e-card:

1. Log on to your health insurance web portal and click on the tab that says ‘Download E-card’.
2. Next, enter your policy details in the space provided – your policy number or your claim ID, whichever is applicable.
3. Duly fill in all the other details as well. Check and confirm them once before hitting the ‘Download button.
4. Your e-card is now ready to download.

What to Do in Case You Lose Your Health Insurance Card?

As discussed earlier, your health card is a vital policy document, just like all the other policy papers, which contains pertinent information regarding your health insurance plan. It is therefore vital to always keep it safe with you, even when you’re carrying it around. However, chances are that it might get misplaced or lost or damaged due to some reason.

The good news is that you needn’t worry in this case. Just get in touch with the customer service team of your insurer who would guide you what to do next. Besides, you can also order for a replacement of your health insurance card online. Visit your insurer’s website and check for more details on this.

Validity of Health Insurance Card

Your health card holds the exact validity as the term of your health insurance policy. Note that when you choose to renew your policy, your insurer would reissue the card to you as well.

To Conclude

A health insurance card is very important since it contains all the vital policy details at one place. It is just as important as a debit or credit card and should therefore be handled with care. Its utmost convenience in carrying around makes it even more favorable among policyholders. Look up online for some of the best health insurance plans in India and don’t forget to ask your insurer for your health insurance card at the time of purchasing the policy.

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.

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Different Types of Child Plans Available in India

Types of Child Plans Available in India – Know in Detail

One of the prime worries in every parent’s mind is securing the future of their child financially for the time when they wouldn’t be around them. Child Life Insurance Plans help you take care of this worry so that your child and you can enjoy their present as well as their future. Know about different types of child plans in this article.

As parents, we strive to do everything possible to raise our kids well. This includes taking care of their physical and emotional needs as well as ensuring a financially secure future for them, for the time when we won’t be around. This is one of the prime concerns in every parent’s mind. This is why it makes sense to invest in our children’s financial security right now. Child Life Insurance Plans help make this possible.

This blog gives you an understanding of the different types of child life insurance plans in India. Read on to understand the key features and benefits of each to make an informed decision for the future of your child.

Child Life Insurance Plans: What They Are and How They Help

A number of insurance companies in India offer child insurance plans that serve the dual purpose of providing insurance coverage for your child as well as offering investment options to help their major life goals, such as higher education and marriage.

These policy plans are designed exclusively to provide financial security to your child so that you don’t have to worry about covering major expenses ahead in their lives. Opting for a child plan in life insurance allows you to regularly invest towards realizing their big dreams and goals with regard to their education, job, or even marriage.

Types of Child Life Insurance Plans in India

A number of insurance service providers offer life insurance policy plans for child future security. You may check online for all the different plan options available with various insurance companies. Here are some of the top child life insurance plans available with most insurers:

1. Single Premium Child Plan

For parents who prefer to pay one-time premium in a lump sum and not worry over regular payments at different due dates, the Single Premium Child Plan works best.

Key Benefits of the Plan

• Facility to pay the entire premium amount for the whole term of the plan at one time in lump sum
• Saves you from any confusion over remembering due dates for payment at regular intervals
• Prevents you from the hassle of arranging money to be paid regularly in the form of premium amount
• Great discounts available with some insurers along with the offer of paying lower premium amount (check with your insurer about any such offer)

2. Child ULIP

This plan comes with 3 top benefits for the child – greater coverage on insurance, regular investments that can be used to cover major expenses for the child, and the flexibility to contribute to the stock market. This is why Child ULIP plans are more suitable for longer term such as at least 10 or 15 years so that you can receive a higher return on the amount invested.

Key Benefits of the Plan:

• In case of death of the parent or the legal guardian, the child becomes entitled to receive the sum assured.
• In this case, all future premium payments are also waived off for the child and the maturity value is paid out upon maturity of the policy.
• Since the market plays an important role in these plans, the payout value is also decided by the market, which increases the chances of good returns.
• These plans offer greater flexibility to choose among different types of investment fund options to secure the highest returns for the amount invested.

3. Regular Premium Child Plan

This plan works best for those parents who wish to divide premium payment into small amounts instead of paying one whole lump sum to the insurer. This also encourages continuity of the policy for a longer term, thereby allowing you to reap greater benefits.

Key Benefits of the Plan:

• Flexibility to pay premium as per convenience – monthly, quarterly, half-yearly, or yearly
• Lesser amount of premium amount payable makes this plan attractive and favorable to many parents

4. Child Endowment Plans

This child plan in life insurance guarantees fixed and stable return on investment through bonus received over the sum assured. This policy starts distributing bonuses from the second year of the commencement of the plan. Besides, the plan also allows the provision to check whether the bonus is disbursed in cash or compounded as a reversionary bonus or computed with simple interest.

Key Benefits of the Plan:

• Regular and stable returns on investment in the form of bonus
• Bonus starts from the second year of the plan

Also Read: Why Invest in Child Insurance Policy?

Add-on Riders for Child Insurance Plans

These child insurance policies also come with additional rider benefits that can help provide greater security to the child. Some of the add-on riders that you can choose in conjunction with the child insurance plan include:

• Critical Illness Rider: This rider offers enhanced coverage in case of some critical illnesses that the child is suffering from.
• Accidental Death and Disability Rider: This benefit assures payment of additional sum assured to the child in case the parent meets with an accident that may result in disability or even death.

Note: These riders can be purchased separately in addition to the child insurance plan that you buy for your child.

 To Conclude

Your child’s future deserves to be made secure. We wouldn’t be able to be around them all the time. Hence, child life insurance plans would help take care of all their major life goals and dreams even in our absence. Pick a life insurance policy plan for your child today and give them the gift of life.

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.

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Top 5-Year Duration LIC Plans in 2022

LIC’s Top 5-Year Duration Plans 2022 India

Investing money is considered as important as earning money by many people. Keeping your hard-earned money in the bank will certainly keep it safe, but what can make the coming days in your life even better is if you invest the money in the right place. While there are many investment schemes that you will come across, buying a life insurance policy is the wisest thing you can do. Let us discuss this at length in this piece of writing.

What is life insurance?

Life insurance is essentially a contract between the insurance company and an insurance policy holder. The insurance company charges a premium for the policy from the policyholder, and in return offers certain benefits. If the policyholder passes away within the tenure of the policy, the beneficiary of the policy will be offered death benefits. If the policyholder lives through the policy tenure, he/she will get a maturity amount.

Also Read: Types of Life Insurance Policies in India

Which company to buy a life insurance policy from?

Many insurance companies in India offer life insurance policies. It can be very confusing to choose any one of them. If you want to choose the most trustworthy insurer, you can go for the Life Insurance Corporation of India (LIC).  Backed by the Government of India, LIC is one of the oldest life insurance companies in the country. Therefore, you can totally trust the company.

There are several LIC plans that you can opt for. However, if you are new to the world of investment, you can choose short-term insurance policies. Here are some of the most popular LIC plans for 5 years that you can take a look at.

• LIC Bhagya Lakshmi Plan

• LIC New Jeevan Mangal Plan

• LIC Saral Jeevan Bima

• LIC’s Dhan Sanchay

• LIC Jeevan Akshay VII

• LIC’s New Jeevan Nidhi

Let us examine these six LICs’ short-term plans for 5 years and find out the benefits they offer.

1. LIC Bhagya Lakshmi Plan

This is one of the life insurance plans that is designed for the low-income group of people in India. This is a limited payment protection plan in which the policyholder will get a 110% return of the premiums that they have paid, on maturity. The minimum term of premium payment is 5 years, while the maximum is 13 years. The minimum sum assured is INR 50,000 and the maximum is INR 2,00,000. The plan matures when the age of the policyholder is 65 years. The death benefit amount is equal to the sum assured. However, the death benefit amount is offered only in case the policyholder dies within the tenure of the policy.

2. LIC New Jeevan Mangal Plan

LIC New Jeevan Mangal Plan is one of the best LIC policies for 5 years. It is a pure protection plan which comes with the benefit of a return of premium at the end of the policy tenure. As you choose this plan, you will have two ways to pay the premium; either in a lump-sum amount or at regular intervals. When you choose to pay the premiums at regular intervals, you can choose to pay them monthly, quarterly, half-yearly, or annually. Till the time you pay the premium, the coverage will be offered to you. The minimum entry age of this plan is 18 years and the maximum is 55 years. The minimum sum assured amount is INR 50,000 and the maximum is INR 2,00,000.

3. LIC Saral Jeevan Bima

By buying this 5-year insurance policy, you will get short-term risk cover on your life. In case you pass away within the policy cover period, your family members will get the sum assured. This plan assures that even if something unfortunate happens to you, your family members will not have to struggle in their life for finances. The minimum policy tenure of this plan is 5 years while the maximum is 40 years. The minimum age to buy this plan is 18 years and the maximum is 65 years. And the minimum sum assured amount is INR 5,00,000 while the maximum is INR 25,00,000.

4. LIC’s Dhan Sanchay

With this LIC’s best plan for 5 years, you can create an income flowing even after the plan matures. You have to assign a nominee while buying this plan. If you pass away within the tenure of this policy, the nominee will receive the death benefit of the plan. This means, that whether you are absolutely healthy or unfortunately you are not there anymore, this plan will still financially support your family. This plan is applicable under only two options which include Single Premium enhanced cover with Level Income Benefit and Single Premium Level Income Benefit. The sum assured on death offered under Single Premium Level Income Benefit is INR 2,50,000; while the sum assured on death offered under Single Premium enhanced cover with Level Income Benefit is INR 22 lakhs. As the entry age is concerned, the minimum is 3 years completed and the maximum is 65 years. The minimum maturity age is 18 years, while the maximum maturity age ranges from 55 to 80 years.

5. LIC Jeevan Akshay VII

It is an immediate annuity plan and to buy this you have to pay a lump sum amount. As you buy this plan, you will get an annuity on a monthly, quarterly, half-yearly, or annually basis. The minimum purchase cost offline is INR 1 lakh and there is no maximum limit. The minimum entry age is 30 years, while the maximum entry age is 85 years.

6. LIC’s New Jeevan Nidhi

Jeevan Nidhi from LIC has all the elements of a traditional insurance plan including benefits such as protection for loss of life and savings at the end of the policy term. The policy offers the nominee annuity in the event of death of the policyholder, and maturity benefit as an annuity or pension to the policyholder if they survive the policy term.

Apart from these six, there are several other plans offered by LIC. You can visit their website and come across all the plans and even choose the one that suits your needs. You can also visit many other websites that will let you find life insurance plans offered by other companies and this way you can compare the plans and go for the suitable option.

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.

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Cashless Medical Treatment at Star Health Insurance Network Hospitals

Star Health Insurance Network Hospitals Cashless Medical Treatment

All the luxuries in our life fade away when compared to the essentials of our life including good health. Being in good health is the most important thing in our life. For the past two years, we have become even more conscious about our health. Even minor ailments have become a matter of concern these days. Keeping up with the need of the hour, along with taking proper care of your health, you also need to have adequate health insurance coverage. It will ensure that even if you need to get hospitalized, the medical bills will not burn a hole in your pocket.

When buying a health insurance policy, we must always stick with the best policy providers. And as we talk about the best health insurance providers, we must include Star Health Insurance. The numbers of Star Health Insurance network hospitals are more than 10200, and you have a good chance of finding one in your city. Some of the popular cities where you can find network hospitals of Star Health Insurance are Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, Pune, and Ernakulam.

Know More About: Star Health Insurance

Star Health Insurance Network Hospital 

Star Health Insurance has a Pan-India presence; therefore, when you buy a policy from them, you will be able to access cashless treatment quickly and you do not need to spend hours looking for the right hospital within the network. All that you need to do is to select a Star Health Insurance network hospital near your home and undergo the kind of treatment that you require. In a network hospital, once your treatment is done, the bill is settled by the insurance company with the hospital.

To find out about the Star Health Insurance network hospital near your home, you can visit https://www.starhealth.in/network-hospitals. You can find the hospital list by mentioning the city that you live in. Once you enter the details, you will get a list of network hospitals in your city with proper addresses as well as directions.

Star Health Insurance Hospital List City-Wise

Here are some of the city-wise network hospitals mentioned below:

City	Star Health Insurance network hospital names
Delhi	Samyak Hospital Sanjeevan Medical Research Centre Aarogya Hospital Aakash Healthcare Private Limited Action Cancer Hospital Apollo Cradle (A Unit Of Apollo Specialty Hospitals Pvt Ltd), etc
Mumbai	APEX MULTISPECIALITY HOSPITALS (DIVISION OF QUASAR HOSPITALS PVT.LTD) ASIAN EYE INSTITUTE AND LASER CENTRE PRIVATE LIMITED ASIAN HEART INSTITUTE AND RESEARCH CENTRE PVT. LTD Adarsh General And Maternity Nursing Home All Cure Super Speciality Hospital, etc.
Kolkata	Royd Nursing Home and Health Care Ltd AMRI Hospitals – Dhakuria (A Unit of AMRI Hospitals Ltd) B.M. Birla Heart Research Centre Aurobindo Netralaya All Asia Medical Institute – AAMI (A unit of Harsh Medical Centre Pvt Ltd), etc.
Chennai	Sooriya Hospital Rathenam Nursing Home A.G.Nursing Home APOLLO PROTON CANCER CENTRE ARUN VIJAYA HOSPITALS PVT LTD, etc.
Bangalore	South City Hospital Sree sai maternity hospital AAXIS HOSPITALS Abhishek Nethradhama Apollo Cradle (A Unit Of Apollo Specialty Hospitals Pvt Ltd), etc.
Hyderabad	ADVITHA CHILDREN AND MULTI-SPECIALITY HOSPITAL Abhaya – BBC Children s Hospital Adavally Damodar Reddy Memorial Hospital Apollo Institute of Medical Sciences & Research Asian Institute of Nephrology and Urology Pvt Ltd, etc.
Pune	ASIAN EYE HOSPITAL AND LASER INSTITUTE AIMS Hospital and Research Centre Apollo Spectra Hospitals (A Unit Of Apollo Speciality Hospitals Pvt Ltd) Aarogyam Multispecialty Hospital Brahmchaitanya Superspeciality Hospital Private Limited, etc.

Why should you opt for Star Health Insurance?

When you choose Star Health Insurance as your health insurance policy provider, you can expect several advantages. Here are some of them mentioned below:

• You will be able to choose between an individual health insurance policy and a family floater health insurance policy
• You can choose a health insurance policy that goes up to INR 2 crores
• The terms and conditions of Star health insurance policies are customer-centric
• 90% of claims of the customers are resolved in less than 2 hours
• In most of their policies, a pre-insurance medical test is not required.

Important documents required for cashless insurance claim

For a cashless insurance claim, you need to provide the right documents. Although the major part of the claim settlement payment is digital these days, you still need to provide valid reports as well as documents. Failing to provide the necessary documents can lead to a denied insurance claim. Some of the important documents that you would need to provide include:

• KYC ID proofs such as PAN Card, Aadhar Card, etc.
• Duly filled claim preauthorization form in which you have to sign as well
• TPA cashless card/ Membership ID/ Health insurance documents
• Receipts related to services
• Letter of Recommendation provided by a doctor for medical tests, hospitalization, treatment, and many more
• Medical reports, statements of diagnostic tests, and other documents that support medical conditions.

Tips that can help you get cashless claims fast

Regardless of the kind of insurance plan you are opting for, if you are getting admitted to a Star Health network hospital, you can rest assured about getting cashless claims. And if you follow the points mentioned herein below, your cashless claim process will be even faster. Here are some tips mentioned below for you.

• Keep the TPA informed

You will find the third-party administrator (TPA) of Star Health Insurance which is responsible for claim management as well as settlement. Once you choose their network hospital, you must inform the TPA about the dates of your treatment. You have to provide additional details also of your insurance coverage, membership ID, TPA name, the properly filled pre-authorization form, etc.

• Provide all important proofs

While filling out the cashless pre-authorization form, you need to ensure providing all necessary details and the KYC documents. You have to attach the valid and relevant documents to the claim form. Failing to do so may lead to a delay in the cashless claim process.

• Keep copies of the submitted documents

As you submit all the necessary documents, make sure you keep the originals of those documents safe. In some cases, the TPA approached the policyholders for additional documents or asked to show the original documents as well.

Having information about the Star health insurance hospital list and knowing the kind of documents you need to provide will make things easier for you. To know about the health insurance policies offered by Star Health Insurance, you can visit several websites. You can find all the required information about them and accordingly buy the policy that is best for your needs.

Found this post informational? Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance and Investment section. You can visit PayBima to Buy Insurance Online.

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