Hospitalization

Hospitalization plans are indemnity plans that pay cost of hospitalization and medical costs of the insured subject to the sum insured. The sum insured can be applied on a per member basis in case of individual health policies or on a floater basis in case of family floater policies. In case of floater policies the sum insured can be utilized by any of the members insured under the plan. These policies do not normally pay any cash benefit. In addition to hospitalization benefits, specific policies may offer a number of additional benefits like maternity and new born coverage, day care procedures for specific procedures, pre- and post-hospitalization care, domiciliary benefits where patients cannot be moved to a hospital, daily cash, and convalescence.

There is another type of hospitalization policy called a top-up policy. Top up policies have a high deductible typically set a level of existing cover. This policy is targeted at people who have some amount of insurance from their employer. If the employer provided cover is not enough people can supplement their cover with the top-up policy. However, this is subject to deduction on every claim reported for every member on the final amount payable.

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Family Floater Health Insurance

Family health insurance plan covers entire family in one health insurance plan. It works under assumption that not all member of a family will suffer from illness in one time. It covers hospital expense which can be pre and post. Most of health insurance companies in India offering family insurance have good network of hospitals to benefit the insurer in time of emergency.

Pre-Existing Disease Cover Plans

It offers covers against disease that policyholder had before buying health policy. Pre-Existing Disease Cover Plans offers cover against pre-existing disease e.g. diabetes, kidney failure and many more. After Waiting period of 2 to 4 years it gives all covers to insurer.

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Senior Citizen Health Insurance

Family health insurance plan covers entire family in one health insurance plan. It works under assumption that not all member of a family will suffer from illness in one time. It covers hospital expense which can be pre and post. Most of health insurance companies in India offering family insurance have good network of hospitals to benefit the insurer in time of emergency.

Maternity Health : Insurance

Maternity health insurance ensures coverage for maternity and other additional expenses. It takes care of both pre and post natal care, baby delivery (either normal or caesarean). Like other insurance, the maternity insurance provider has wide range of network hospitals and takes care of ambulance expense.

These services are supervised by the Maternity Benefit Act. The Maternity Benefit Act applies to women who do not work in an establishment covered by the ESI but who are employed in factories, mines, circuses, plantations, shops or other establishments employing at least 10 persons. Also covered are women working in an establishment covered by the ESI, but whose salary exceeds the ceiling of subjection.

Since 2010, the Indira Gandhi Matritva Sahyog Yojana (IGMSY) program, run by the Ministry of Women and Child Development, has been set up in some districts (52 in 2017). This program is intended for pregnant women aged 19 or over, during their first 2 completed pregnancies (viable child). The benefit consists of a total amount of 6000 INR paid in 3 instalments, subject to having performed the obligatory medical examinations for the mother and the child:

  • at the end of the 2nd trimester of pregnancy at birth to 6 months of the child Get your money in the bank account

Hospital daily cash benefit plans :

Daily cash benefits are a defined benefit policy that pays a defined sum of money for every day of hospitalization. The payments for a defined number of days in the policy year and may be subject to a deductible of few days.

Critical illness plans:

These are benefit based policies which pay a lump sum (fixed) benefit amount on diagnosis of covered critical illness and medical procedures. These illnesses are generally specific and high severity and low frequency in nature that cost high when compared to day to day medical / treatment need. e.g. heart attack, cancer, stroke etc.

Proactive plans :

QUICKFINS offer Proactive living programs. These are designed keeping in mind the Indian market and provide assistance based on medical, behavioural and lifestyle factors associated with chronic conditions. These services aim to help customers understand and manage their health better.

Disease specific special plans:

QUICKFINS offer specially designed disease specific plans like COVID-19 Care, Black Fungus, White Fungus, Yellow Fungus, Dengue Care and all such diseases arising due to the impact of COVID-19. These are designed keeping in mind the growing occurrence of viral diseases like Dengue in India which has become a cause of concern and thus provide assistance based on medical needs, behavioural and lifestyle factors associated with such conditions. These plans aim to help customers manage their unexpected health expenses better and at a very minimal cost.

QUICKFINS ALL ROUNDER COMPREHENSIVE HEALTH PLAN (QFARCHP) KEY ASPECTS OF QUICKFINS HEALTH INSURANCE

>Payment options

Direct Payment or Cashless Facility:

Under this facility, the person does not need to pay the hospital as the insurer pays directly to the hospital. Under the cashless scheme, the policyholder and all those who are mentioned in the policy can undertake treatment from those hospitals approved by the insurer. There are 1080 Hospitals both big and small which are covered under our Health Insurance Plan. The payment is made within 12 hours of receipt of Invoice generated by the Hospital for our clients.

Reimbursement at the end of the hospital stay:

After staying for the duration of the treatment, the patient can take a reimbursement from the insurer for the treatment that is covered under the policy undertaken. With the unending list of hospitals that we are in agreement with, our client can freely sit back at home and request of the reimbursement which is processed within 24 hours of receipt of bills.

In case of accident, the Health Insurance pays you within 7 working days the complete dues as mentioned below.

Cost and duration

Policy price range: You get this QUICKFINS ALL ROUNDER COMPREHENSIVE HEALTH PLAN (QFARCHP) FOR JUST A PREMIUM OF RS. 6,300/- ANNUALLY. As an additional benefit you are also entitled for Accidental Insurance of Rs. 2,00,000/- in case of loss of life for other injuries the benefit shall be limited to Rs. 50,000/-

Duration: Health insurance policies offered by QUICKFINS are for a period of one year.