Benefits of Care Health Insurance
Care Health Insurance is a leading standalone health insurance company in India, which provides several health insurance products to customers. It is a joint venture of Care Enterprises Limited, Union Bank of India, and Corporation Bank. This insurance company brings you unique benefits that set it apart, and an obvious choice when it comes to choosing the best health insurance plans for families, individuals, senior citizens, employees, and corporates, etc.
Care has managed to earn a good reputation in the health insurance industry in India. Its policies provide coverage against medical expenses, including pre and post-hospitalization, in-patient treatment, day-care treatment, ambulance charges, and domiciliary treatment, i.e. medical expenses incurred in case of treatment taken at his/her home, which would otherwise require hospitalization.
Care has many other health insurance plans to offer, such as fixed benefit critical illness plans, indemnity oriented mediclaim plans, personal accident plans, etc.
Additional Benefit of Free Health Check upFree pre-policy health check-up is available for policyholders. Care Health Insurance company offers you this benefit under its many health insurance products.
Additional Protection over Employer CoverageIf you have got a cover from your employer, still there are certain diseases or ailments which are not covered, Religare gives you the opportunity to upgrade your basic insurance plan and avail the benefits of additional protection.
Cashless BenefitFinancial stress is one of the major challenges when it comes to paying for emergency medical expenses. With the Religare health insurance plan, you can get cashless treatment at more than 7,400+ network hospitals across the country.
Claim Settement RatioThe claim settlement ratio (CSR) is the ratio of settled claims to the total claims raised in a given accounting period. If CSR indicates 90%, it means the insurer has settled 90 claims out of 100 claims filed. Religare Health Insurance has made a track record of 93%* CSR. This is quite ensuring for the best protection for potential customers against a medical claim. *The claim settlement ratio change from time to time.
Coverage against Medical ExpensesA health insurance policy proves to be the most suitable option when it comes to making a claim under the plan. Religare health policies provide coverage against medical expenses, including pre and post hospitalisation, in-patient treatment, day-care treatment, ambulance charges, and domiciliary treatment, i.e. medical expenses incurred in case of treatment taken at his/her home, which would otherwise have required hospitalisation.
Incurred Claim RatioDon’t confuse yourself between incurred claims ratio (ICR) to claim settlement ratio (CSR). ICR is an exact rate of claim settlement incurred to the net premium collected for a given accounting period. For example, if 90% is the ICR of an insurer, it means the insurance company has to spend Rs. 90 for every Rs. 100 earned as premium. Thus, Rs. 10 is the profit of the insurer. If ICR is over 100%, it means the insurer has suffered a loss. The incurred claims ratio of Religare for F.Y. 2018 - 19 is 55%*. It indicates that the company is in good condition to settle any medical claim. *The incurred claims ratio change from time to time.
Tax BenefitSaving tax is another benefit of buying a health insurance policy from Care. You can avail tax benefits under Section 80D of Income Tax.
Care Health Insurance Plan List
|Name of Plan||Sum Insured|
|CareMin: 91 Days; Max: No Limit||4 Lakh||Get Quotes Now|
|JoyMin: 1 Day; Max: 65 Years||3 Lakh||Get Quotes Now|
|Care FreedomMin: 90 Days; Max: No Limit||3 Lakh||Get Quotes Now|
|Critical MediclaimMin: 5 Years; Max 50 Years||10 Lakh||Get Quotes Now|
|Care SeniorMin: 61 Years; Max: No Limit||3 Lakh||Get Quotes Now|
|AssureMin: 18 Years; Max: 65 Years||5 Lakh||Get Quotes Now|
|Care HeartMin: 18 Years; Max: No Limit||2 Lakh||Get Quotes Now|
|Super MediclaimMin: 91 Days; 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||Get Quotes Now|
Care Health Insurance User Reviews
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Care Health Insurance FAQs
How to buy and apply for Care Health Insurance?
You can buy and apply for any Care Health Insurance online from the official website of Care Health Insurance at careinsurance.com or through online broker’s website like Insurancedekho.com.
Why should I buy a Care Health Insurance?
Care Health Insurance provides a comprehensive health insurance plan along with personal accident cover and critical illness cover. This ideal combination meets all of your family member’s health requirements making it a suitable option.
What is the toll-free customer care number of Care Health Insurance?
The toll-free number of Care Health Insurance is 1800-102-4488.
What is the address of Care Health Insurance?
The correspondence address of Care Health Insurance, Vipul Tech Square, Tower C, 3rd Floor, Sector-43, Golf Course Road, Gurgaon-122009
What is the Claim Settlement Ratio of Care Health Insurance?
Care Health Insurance had a Claim Settlement Ratio of 93%.
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