Health Insurance (Medical Insurance): Compare and Buy Online

Looking for health insurance in India? Save time and hassle by comparing, buying, renewing, and claiming online in 2023. Our user-friendly platform makes it easy to find the right coverage for your needs.

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Protect yourself and your loved ones with comprehensive health insurance plans. Enjoy seamless insurance management and fast claim settlements.

Explore our options today and secure your health with our convenient online health insurance solutions. Simplify the process and ensure peace of mind for you and your family.

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What is Health Insurance?

Health insurance is a contract between an Insurance Company and a policyholder. In exchange for a monthly premium payment, the company consents to cover all or a portion of the insured person's medical expenses.

Why Choose A Health Insurance Plan From Okbima?

You should choose a health insurance plan from because:

Quick Policy Access: You are able to quickly access all policy wording documents and brochures. Simply go to the website and look for all the policy information you require.

Team of Professionals: We have a team of professional managers on hand to give you immediate solutions in the comfort of your own home.

Dedicated Adviser: Our team of professionals will assist you in achieving long-term life goals such as protection, wealth creation, retirement solutions, and more.

Trustworthy Platform: We are a trustworthy platform that is here to assist you from the start of the buying process to the claim procedure. Our satisfied consumers inspire us to keep doing excellent work.

Fair and Efficient Investments: makes every type of investment procedure much more fair, quick, convenient, and cost-effective for you.

What Are The Types Of Health Insurance Plans?

As health-related problems increase, treatment costs also increase dramatically. In addition, the demand for health insurance plans is increasing. Hence, the types of health insurance plans available in the market will help you save your pocket.

Individual Health Insurance

Individual health insurance is an insurance plan that offers health insurance to a person based on an individual sum assured.

This refers to a health insurance plan that must be purchased separately for each family member. Basically, an individual health insurance plan covers the medical expenses of the insured and offers benefits such as cashless hospitalization, simple medicines, and quick services, among others.

Family Health Insurance

Family health insurance is a plan that protects all family members with one policy. This type of insurance is known as umbrella insurance, where the entire family shares the sum insured and pays a single premium.

Critical Illness Plan

It is an insurance that pays the insured a sum of money after the diagnosis of the disease covered by the plan. Critical illness plans often cover illnesses such as cancer, organ transplant, heart attack, stroke, paralysis, etc. If you are the sole earning member of the family, it is imperative to protect the entire family with emergency health insurance.

Cancer Insurance Plans

Cancer insurance is health insurance designed to mitigate the risks associated with cancer. It helps reduce the cost of cancer treatment and provides financial support to policyholders.

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Group Health Cover

Group Health Cover is a type of insurance plan that covers several people under the same policy. Such a plan guarantees the same insurance to all members of the group, regardless of their age, gender, occupation, or socio-economic status.

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How To Select/Choose The Best Health Insurance Plan In India?

A health insurance Plan is one of the most important insurance policies in today's time, due to the increase in health problems at an early age. Choosing a comprehensive health insurance plan is quite a difficult task when there is a wide range of insurance contracts available in the market.

However, it is important to choose the health insurance that best suits your needs. So, to know in detail how to select the best health insurance plan in India read the following points below:

  1. Choose the Right Coverage
    Choose a health plan that protects you against a wide range of medical issues and offers benefits such as before and pre and post-hospitalization, diseases you may be at risk of due to your family medical history, etc. Think about your requirements, compare plans in terms of benefits and costs, and do some due diligence to choose the plan that best suits your needs.
  2. Purchasing Insurance Wisely
    Budget is very important when buying health insurance. However, before considering the cost of the plan, you should consider the benefits of the plan. It is a wise decision to buy affordable health insurance right from the start to ensure that you have adequate coverage and that the premiums are also affordable.
  3. Choose a Plan with Lifetime Renewability
    When you buy a health insurance plan, make sure to find out how long it will cover you and if it has limited renewability. This is because you will need a health insurance plan the most in your later years. Therefore, select health plans with lifetime renewal options.
  4. Check the Company's Reputation
    Before purchasing any insurance, it is crucial to research the company's reputation because you can easily understand its after-sales services. You can read reviews about it online and make an informed decision.
  5. Health Insurance Plans Are Simple To Compare
    Through less paperwork, the online method of purchasing a plan has made comparison easier. It is simple to estimate premiums and compare various insurance plans when using a premium calculator.

Why Should You Buy A Health Insurance Plan Online?

Many people like to buy health insurance plans online because it's easy and they can choose from many different options. If you're still unaware of them, please read below:

Benefits Of Health Insurance Policy

Getting health insurance is a sensible way to reduce high medical costs. You should be aware of the following benefits of health insurance if you plan to get a policy.

Financial Protection

Access to Quality Care

Mental Health Support

Who Can Purchase Health Insurance?

Health insurance is required to safeguard against excessive medical expenditures, enable access to high-quality healthcare, and offer financial stability in the event of unexpected illnesses or disasters. If you are wondering who can buy a health insurance policy read below:


Individuals and Families

Buying Checklist For Health Insurance

The following items are on the health insurance purchasing checklist:

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What Is The Right Time To Buy A Medical Insurance Policy?

The best time to purchase a medical insurance policy is as soon as possible. It's always a good idea to buy a policy when you are young and healthy. This allows you to benefit from savings on premiums and coverage that does not exclude pre-existing conditions.

As you become older, your chances of acquiring health problems rise and so do your insurance premiums. Furthermore, some insurance has waiting periods for specific treatments or pre-existing diseases, so purchasing early assures that you have access to full coverage without any restrictions.

Also, life is unplanned, and medical emergencies can happen at any time. Having medical insurance coverage in place offers you financial security as well as comfort in mind. It is important to remember that once you have a policy in place, it should be reviewed and updated on a regular basis.

As it helps to ensure that it suits your changing healthcare requirements and situation. Remember, the sooner you purchase a medical insurance policy, the more prepared you will be to deal with any unexpected health difficulties in the future.

Documents Required To Get Health Policy Plan

Here are the documents you’ll need to have with you when purchasing a health policy plan:

Age Proof:  It is one of the most crucial documents when it comes to purchasing a health policy plan. You need to submit all the documents related to the members who will be covered under your health insurance policy. These documents include your Aadhar card, birth certificate, driver's license, 10th/12th mark sheet, voter ID, and Pan Card.

Address Proof:  In this, you need to submit your permanent address proof, for which you can provide documents such as your Aadhaar card, electricity bill, ration card, passport, and voter ID.

Identity Document:  Documents like Aadhar Cards, Driver’s Licenses, Voter ID, and PAN cards can be used to purchase health Insurance plans. In addition to the above-mentioned documents, there are other important health insurance documents such as Passport-size photos and Medical reports (if required by the insurer).

What Factors Affecting Health Insurance Premiums?

After Covid-19, health insurance in India is becoming increasingly important, especially for metropolitan areas. While it can provide financial security in the event of an unplanned medical emergency, one key factor to consider is the total amount of payment required for this coverage.

Your health insurance premiums will be determined based on many factors and certain situations. Knowing all the factors that will affect the cost of your premiums will empower you to make the most of your health coverage.

So, to let you know all the factors that affect your Health Insurance Premiums are:

Person’s Age:Your age is a major factor in the price of health insurance premiums. The cost of health insurance goes up as you get older since it is thought that as you get older, your chances of developing health problems go up as well, and as a result, the cost of the premium goes up as well.

Health Insurance Coverage Period: The length of the plan you choose may also have an impact on your premiums. The premium decreases and increases in direct proportion to the length of the policy term.

Medical History Of The Family: Family medical history is important to insurance companies since some disorders, such as diabetes and high cholesterol, can be transmitted. They evaluate this information to ensure you are appropriately covered in the event you develop any of these conditions in the future.

Lifestyle And Habits: Your premium will be affected by negative habits including smoking, chewing tobacco, and snuff use. Smokers will pay more for health insurance than non-smokers due to these behaviors that increase the risk of lung infections, cancer, and other serious illnesses.

How To Buy The Best Health Insurance Policy Online From Okbima?

In India, health insurance is primarily used to ensure that long-term medical care does not place a family in an untenable financial situation. You must therefore pick a health insurance plan with enough coverage and affordable monthly rates.

The following details how to purchase the best health insurance policy.


Step 1: Select your Gender

Step 2: Enter your full name

Step 3: Enter your phone number and your age

Step 4: Continue by clicking on your current city and entering its pin code

Step 5: Select Yes or No if you take any medications

Step 6: Now you can select the finest insurance plan for yourself or get expert advice if you require assistance or advice

Step 7: On, you can choose to compare the various plans

Step 8: Once you've decided on a plan, you can pay the premium or contact our customer service to go over your options

Step 9: Make a well-informed choice and pay the premium

Step 10: Once all of the procedures have been completed, the policy will be emailed to your registered email address

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How To Calculate Health Insurance Premiums?

It's important to figure out and compare the prices you must spend for the health insurance plan. You can quickly find a health insurance premium calculator online, which will help you determine an estimated premium amount for a specific health insurance policy.

To use this calculator, you will only need a few details such as your age, the number of individuals you want to include in the policy, the add-ons you want to purchase, and any pre-existing conditions.

With this, you will be prompted to select your preferred insurance period and sum covered. Then, your health insurance premium will be promptly calculated and presented based on the inputs you will provide.

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Health Insurance Premium Payment Options?

There are a lot of ways through which you can easily pay your health Insurance premium such as:

There are various options to pay your health insurance premium online, including:

Key Features of Health Insurance Policy

Features of Health Insurance Policy are:

Cashless Benefit: Cashless benefits are one of the most important elements to consider when purchasing health insurance coverage. The cashless feature is only available if your insurance carrier is affiliated with network hospitals where you may make a cashless settlement.

Tax Advantages For Health Insurance: One of the less well-known advantages of health insurance is the right to tax deductions under section 80D of the Income Tax Act of 1961. Tax deductions are available for both your own policy and the policies of your family members who have health insurance.

Flexibility: Insurance policies are flexible, allowing policyholders to change the rates and duration of their coverage as needed. Changes in lifestyle, such as marriage or other significant events, might also result in changes to the insurance plan's terms.

Medical Checkup Facility: A preventive health check facility is included in several health insurance plans. This can help diagnose lifestyle disorders early on and provide treatment before things get out of control.

Preexisting Diseases: The greatest health insurance plan covers pre-existing diseases after the waiting period has passed. Generally, these disorders are covered after a 2 to 4-year waiting time.

Maternity Coverage: Maternity-related costs are not covered by all health insurance policies. Maternity benefits can be covered by some policies, but only after a certain waiting period. And they're usually really expensive, so pick wisely!

How Do I Save Tax With Mediclaim Policy?

Are you thinking about how you can save money on taxes with the Mediclaim policy? Stop being concerned! Here are some ways you can save tax with a mediclaim policy:
Deduction under Section 80D: The Income Tax Act's Section 80D allows for tax deductions for health insurance premiums paid in India. The maximum deduction permitted depends on the insurance type and the individual's age:

How Will Your Family Receive Health Insurance Claim?

A health insurance claim is a payment request made by you or your healthcare provider to your health insurer after receiving services you believe are covered.

Depending on the type of claim procedure you have chosen, the insurance company, upon verification of the claim, either settles the bills directly with the healthcare facility or reimburses the amount you spent.

To use the services covered by your health insurance policy, you must file a health insurance claim with your insurance provider.
There are two ways to submit a claim for health insurance: reimbursement claims and cashless claims.

How To File Health Insurance Reimbursement Claim?

Want to know how to submit a claim for reimbursement? Read the following points below:

Step 1: In the event of planned treatment, notify your insurer within the allotted window of time (the exact timeframe is stated in the policy terms).

Step 2: After being admitted in an emergency case, the insurance company should be informed (see the policy wording for the time period covered).

Step 3: Get the care you need and cover the hospital costs on your own.

Step 4: The documents you need to gather from the hospital include investigation reports, a final discharge summary, pharmacy bills, hospital bills, receipts, indoor case files, valid ID proof, the treating doctor's report, and original consultation notes.

Step 5: The reimbursement claim form can be downloaded from the insurance company's website or requested to be emailed to you by the insurer. You can get in touch with as well.

Step 6: The patient's name, cost, document number, and serial number must all be included on every document.

Step 7: Get both the policyholder and the treating consultant to sign the form.

Step 8: The claim form and the documentation should bear the official hospital seal.

Step 9: Attach your health card and any relevant medical records in Xerox form to the claim form.

Step 10: All paperwork should be delivered via courier to the insurance provider's address.

Documents Required For Health Insurance Claim Reimbursement

Documents required for health insurance claim reimbursement are:

  1. Copy of health card.
  2. Original Hospital Discharge Summary.
  3. Complete the claim form.
  4. Investigation Reports (include blood reports, X-rays, and scans).
  5. Case invoices from pharmacies or hospitals.
  6. If an accident occurs, an FIR or a medico-legal certificate (MLC) must be filed.
  7. Papers from the doctor's consultation and preliminary research.
  8. Copy of the KYC paperwork.
  9. Name, address, and NEFT information.
  10. Pharmaceutical bills are backed up by the appropriate prescriptions.

Health Insurance Riders

Health insurance riders are additional sections or add-ons to a standard health insurance policy that provide extra protection for particular medical services or conditions. These add-ons give policyholders the ability to tailor their health insurance policies to better suit their unique needs.

There are also specific forms of health insurance riders, such as:

Maternity Rider: This rider covers prenatal care, labor, and postnatal care. It may include costs for hospital stays, delivery, and related expenses like doctor visits and ultrasounds.

Dental And Vision Riders: Basic health insurance plans sometimes do not cover dental and vision treatment. For normal dental and vision care including check-ups, cleanings, eyeglasses, and contact lenses, this rider provides additional coverage.

Critical Illness Rider: This rider provides coverage for particular critical illnesses, such as organ transplants, cancer, heart attacks, and strokes. Upon the diagnosis of a covered ailment, it offers a lump sum payout that can be used to pay for medical costs or other debts.

Accident Rider: An accident rider offers supplemental protection for accident-related injuries, including ER visits, hospital stays, and rehabilitation services. If a fatality results from the accident, it can potentially provide a death benefit.

Home Health Care Rider: This rider offers protection for receiving medical services at home, such as nursing care, physical therapy, or medical equipment, when recommended by a medical expert.

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FAQs About Health Insurance

Yes. You will need a personal health insurance plan because your employee health insurance only covers medical expenses while you are employed with the company; after you leave, your policy term ends. In light of medical inflation, it is critical to have a personal health insurance plan that you customise to your own medical needs, as opposed to a corporate health plan that is tailored for all employees.

A pre-existing disease (PED) is a condition, illness, or injury that occurs at the time you purchase health insurance, and these PEDs are usually excluded from coverage for a period of time. Diabetes, hypertension, thyroid disease, asthma, and other conditions may be involved.

Cashless hospitalisation is a method in which an insured person does not have to pay any medical expenses out of pocket in the event of a hospitalisation or operation, and the entire bill is covered by us. However, certain deductibles or non-medical charges may be due at the time of release.

When you plan to have surgery, there are certain pre-hospitalization expenses such as diagnosis costs, consultations, and so on. Similarly, there may be similar expenses after discharge to monitor the health of the insured patient; these expenses are referred to as pre and post hospitalisation expenses.

Yes, medical testing may be required before purchasing health insurance. Furthermore, some health insurance policies only need it if you have a pre-existing condition or are above the age of 40.

You can add family members to your insurance when you buy it or when you renew it.

You can include your child after 90 days of birth, up to the age of 21.

You'll pay a smaller premium and receive more benefits. Because the likelihood of having a pre-existing ailment is low, waiting periods may not affect you. Also, common illnesses like the flu and accidents can strike at any age, so it's crucial to be protected even when you're young.

Yes. Because each plan operates differently and offers different benefits, you can always have more than one health insurance plan based on your needs and coverage requirements.

The waiting period is the time period during which you are unable to file a claim with us to get some or all health insurance coverage for a specific condition. This implies you have to wait a certain amount of time before filing a claim.

If you feel your policy is not advantageous during this free look period, you have the opportunity to cancel it without penalty. The free look period might range from 10-15 days to considerably longer depending on the plan supplied.

Network hospitals, also known as cashless hospitals, are affiliated with us and provide cashless hospitalisation benefits; however, if you are admitted to a non-network hospital, you must pay the bills first and then file a claim for reimbursement.