Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Hurry Up!
Save upto ₹75,000 on taxes in 80D. Buy a health insurance now!
View Plans

What Are Benefits Of Aditya Birla Health Insurance?

Updated On Jan 10, 2022

The IRDAI regulates Aditya Birla Health Insurance Company Limited It established ABIBL as a subsidiary to provide its clients with streamlined general insurance services, including health insurance. The company has partnerships with a variety of health-care providers, including diagnostic centres, doctors, and hospitals. Aditya Birla Health Insurance provides a variety of health insurance policies to satisfy the various health insurance needs of consumers.

It provides individual health insurance plans, family health insurance plans, senior citizen health insurance plans, COVID-19 health insurance plans, and other health insurance plans that provide the insured with a broad range of coverage as well as wellness-oriented benefits that promote healthy living, all at affordable premiums. The insurer also provides an evaluation tool, which can be used to select the best health insurance coverage based on one's needs and budget. To know more about Aditya Birla Health Insurance, read on.

What Are Benefits Of Aditya Birla Health Insurance?

Benefits Of SBI Health Insurance Policy

Following are the benefits of Aditya Birla Health Insurance -

  • Additional Benefit Of Free Health Check Up - Many Aditya Birla Health Insurance policies provide free preventative health check-ups to insureds. This reward is embedded into the coverage characteristics of the plans and may be accessed after completing 1-4 policy years, which vary each plan.
  • Additional Protection Over Employee Coverage - Employees are frequently supplied with employer-sponsored group health insurance coverage. However, such policies do not provide complete coverage and have restricted amount insured limits. Individuals can supplement their existing group health coverage with Aditya Birla health plans by purchasing a standalone health insurance plan at a modest fee.
  • Cashless Benefit - Aditya Birla Health Insurance policies provide cashless claims through a large network of hospitals across India. Individuals who are treated at a networked hospital can receive cashless benefits.
  • Claim Settlement Ratio - The Claim Settlement Ratio (CSR) is the ratio of claims settled by the firm to the total number of claims brought to it in a fiscal year. Aditya Birla intends to satisfy as many claims as possible and has a CSR of 70.81 percent for fiscal year 2019-20. It should be noted that the CSR varies from time to time.
  • Coverage Against Medical Expenses - Aditya Birla's ideas are fairly extensive in scope. They include inpatient hospitalisation, ambulance fees, pre and post hospitalisation, restoration of the sum covered, day care therapies, alternative treatments, and so on. Furthermore, if you maintain good health and follow a healthy lifestyle, you may be eligible for premium cuts and rebates.
  • Incurred Claim Ratio - The Incurred Claim Ratio (ICR) calculates the percentage of earned premium that is spent on paying claims. For the fiscal year 2018-19, Aditya Birla Health Insurance's ICR was 59 percent. This demonstrates that the corporation was able to keep the ratio below 100% while also earning a profit, therefore strengthening its financial position. It should be noted that the Incurred Claim Ratio varies over time.
  • Tax Rebates - Section 80D allows for a deduction for premiums paid for health insurance programmes. Aditya Birla's health insurance policies are also eligible for this tax break. By investing in Aditya Birla Health Insurance plans, you may claim a maximum deduction of Rs. 55,000 (Rs. 25,000 for individuals and Rs. 30,000 for senior citizens).

Endnotes

Most people put off getting health insurance until they have a medical emergency. This is because they believe they are young and healthy and do not need health insurance. You, like the majority of these people, may believe that no medical emergency can occur when you are young, especially if you live a healthy lifestyle. However, life is unpredictable, and you never know when a medical or unintentional catastrophe may hit. Treatment and hospitalisation for a major illness are costly and can devastate your financial status. As a result, it is critical to safeguard yourself and your loved ones from financial hardship during such circumstances.

You may also like to read - Advantages Of Purchasing TATA AIG Health Insurance Policy

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

Health Insurance Coverage Calculator

Who do you want to insured ?

  • Individual
  • Couple
  • Family
  • Parents

Age of eldest insured member ?

Where do you live ?

Metro
Non-Metro
Disclaimer : Actual Coverage might vary basis your location, age and number of members

Aditya Birla Health Insurance

Cashless Approval TAT2 hr Cashless Claim Processing
Claim Settlement Ratio96%
Network Hospitals10,500+
Pre-existing Disease Coverage Starting FromDay 1
Special BenefitsIncentivized Wellness
Starting Premium for Rs. 5 lakh CoverageRs. 270/month

Best Health Insurance Plans In India

  • Cover 5 L
    Starting at 832/month*
    No room rent limit 100% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 10 L
    Starting at 739/month*
    No room rent limit Unlimited restoration benefits50% no claim bonus4 Years PED Waiting period
    View All Features
  • Cover 5 L
    Starting at 447/month*
    No room rent limit 33% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,312/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 664/month*
    No room rent limit 20% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 675/month*
    No room rent limit 50% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 690/month*
    Single Private A/C Room 100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 546/month*
    Twin sharing room Zero no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 566/month*
    No room rent limit 20% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,770/month*
    Zero no claim bonusNo restoration benefits1 year PED waiting period
    View All Features
  • Cover 40 L
    Starting at 62/month*
  • Cover 2 L
    Starting at 146/month*
  • Cover 5 L
    Starting at 806/month*
    Single Private Room 10% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 476/month*
    60% no claim bonus150% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 526/month*
  • Cover 5 L
    Starting at 855/month*
    25% no claim bonus100% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 396/month*
    No room rent limit Room rent upto 2% of SI Room rent upto 1% of SI No room rent limit
    View All Features
  • Cover 5 L
    Starting at 738/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
Note: Premium is shown for 18yr old individual of Delhi
Show More
Must BuyMust Buy

Why to Buy Health Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 75,000*
  • Claim support everyday 10AM-7PM
  • 66 Lacs+ happy customers