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Ensure Your Health With Axis bank Health Insurance

The importance of Health Insurance

The most valuable asset in your life would be the health and happiness of your near and dear ones.  Hence you must give them and yourself only the best.  You should be prepared for medical emergencies that may come knocking at your door when you least expect it. In a country like India where medical care is too costly, it could cause a deep hole in your pocket. This is where Axis Bank Health Insurance can help you immensely. You can take their insurance policy for yourself, spouse, parents and children to be assured that your family is taken care of completely. This is also the best gift that you can give your family.

Features of the Insurance policy

The health insurance policy of Axis Bank is known as MediPrime. Tata AIG is the insurance company that the bank has collaborated with, for providing health insurance benefits to its customers. Here, you could take insurance for an amount of 2, 3, 4, 5, 7.5 or 10 lacs. If your insured amount is within 5 lacs or if the person for whom you are taking an insurance policy is within the age group of 50, then pre-medical examination is not necessary. If you or the person insured is taking treatment in one of the exhaustive network of hospitals approved by the bank, then you will be eligible for your cashless claim within a magical time limit of 4 hours, subject to certain conditions.

The Axis Bank Health Insurance policy will give you full coverage on all expenses incurred at the time of hospitalisation without have any restrictions on organ-donor cases, domiciliary cases, day care treatment and inpatient treatment. Premiums paid for this policy is also eligible for tax deduction under section 80D, subject to a maximum limit of 35000 INR per year. There are around 5000 hospitals all over India that are covered in this huge network list, where the insured can get treatment from, free of cost. Room charges and Intensive Care Unit (ICU) charges too are covered under this policy.

What cannot be claimed under this policy?

Hospitalisation due to suicide attempts, cosmetic treatments, treatment for obesity, injuries to war or due to the use of any weapons, injury due to adventure sports, sleeping disorders, treatment for mental instability, treatment for HIV or AIDs, fertility treatments, cancer treatment, laser treatment for eyes, surrogacy, birth control operations, any other treatment apart from Allopathy etc all these are not covered under this policy. Tax benefit of 35000 INR can be split as 15000 INR for policy taken for self, spouse and children and 20000 INR for policy taken for parents.

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