Benefits of Edelweiss Health Insurance
Edelweiss General Insurance Company Limited is one of the fastest growing health insurance companies in the health insurance segment in India. Like other insurers, this insurer is also witnessing increasing demand for its insurance policies due to the exponential growth of the working population.
Being a wholly-owned subsidiary of Edelweiss Financial Services Limited (a global investment and financial services company), Edelweiss General Insurance serves a large number of people by providing them with some of the best health insurance products at reasonably-priced premiums.
The health plans of Edelweiss are customized to ensure maximum protection to the insured person. The plans cover expenses incurred in pre and post hospitalisation, daycare procedures, domiciliary treatment, maternity, critical illnesses, and other medical conditions. The insurance company also allows mid-term entry of an applicant in case of marriage or childbirth.
Additional Benefit of Free Health Check upThe health insurance policies offered by Edelweiss General Insurance provide free health check-up for every claim-free year. However, the policyholders should be 18 years old or above.
Additional Protection over Employer CoverageHave you got covered by your employer? Remember the group policy provided by your employer is for salaried people, and their coverage is limited. There are still some diseases and ailments that are not covered by a corporate health plan. It’s, therefore, essential to upgrade your cover by choosing comprehensive health insurance provided by Edelweiss General Insurance.
Cashless BenefitFinancial stress may breed trauma when you meet an emergency medical expense. Thanks to the cashless treatment benefits provided by Edelweiss. With the facility of cashless treatment at thousands of network hospitals across the country, you can eliminate the stress of financial crunch.
Claim Settement RatioThe claims settlement ratio (CSR) is the ratio of claims that are settled. The settled claims are the total claims filed in a particular period of time. If the CSR of an insurance company is 80%, it means the insurer has settled 80 claims out of 100 claims raised. The CSR changes from time to time.
Coverage against Medical ExpensesThe health insurance policies by Edelweiss General Insurance come with several coverage benefits such as cover for the expenses incurred in pre-hospitalisation, post-hospitalization, in-patient treatment, ICU, ambulance charges, daycare treatment, organ donor, AYUSH, maternity, critical illness treatment, and so on.
Incurred Claim RatioDon’t get confused when it comes to Incurred Claims Ratio (ICR) and Claim Settlement Ratio (CSR). The ICR measures the claim amount, which is paid against the total premiums collected by the insurer for a given accounting period. If the ICR of an insurance company is 85%, it means the insurer spends Rs. 85 for every Rs. 100 earned as a premium. So, Rs. 15 is the profit of the insurer. The ICR of Edelweiss for F.Y. 2018 - 1019 is 115%*. This shows Edelweiss is in good condition. *ICR changes from time to time.
Tax BenefitThe premium that you pay against your health insurance plan of Edelweiss General Insurance lets you enjoy tax deduction under section 80D of the Income Tax Act.
Edelweiss Health Insurance Plan List
|Name of Plan||Sum Insured|
|Edelweiss Health InsuranceMin: 3 Months; Max: No Limit||1 Lakh||Get Quotes Now|
|Arogya Sanjeevani PolicyMin: 3 months; Max: 65 years||1 Lakh - 5 Lakh||Get Quotes Now|
|Corona Kavach PolicyMin: 1 Day; Max: 65 Years||50,000 - 5 lakh||Get Quotes Now|
|Corona Rakshak Policy Min: 18 Years; Max: 65 Years||50,000 - 2.5 lakh||Get Quotes Now|
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Edelweiss Health Insurance FAQs
What is the age criteria to buy health policies at Edelweiss General Insurance?
The minimum entry age for Silver, Gold and Platinum plan is 3 months. The maximum entry age for the Silver and Gold plans is 65 years. No entry age bar for the Platinum plan.
Why should I buy an Edelweiss Health Insurance policy?
There are several benefits that make Edelweiss health insurance policy worth buying:
- It provides wide coverage at low premiums
- Sum insured can be restored up to 100%
- Cover for critical illnesses
- There is an option of midterm inclusion of an applicant in case of marriage or a child is born
- No matter which health insurance variant you buy, you can avail the benefits of Medical Monitoring, Medical Referral, Medical Repatriation, Second Medical Opinion, Compassionate Visit, etc.
How many claims does Edelweiss health insurance allow to make in a year?
There is no rule that sets the number of claims you can make in a policy year. However, the number of claims should not exceed the limit of the sum insured.
How to buy and apply for Edelweiss General Insurance Health policy?
You’re able to buy and apply for any Edelweiss General Insurance Insurance Policy online from the official website of Edelweiss General Insurance or through online broker InsuranceDekho by calling toll-free number 1800-120-5698.
Is pre-policy medical health check-up facility available at Edelweiss Health Insurance?
Yes, there is a facility to go for a health check-up. Edelweiss General Insurance provides health check-up for every claim-free year provided that the policyholder is 18 years old or above.