Care Plus Insurance: Protecting Your Health and Wallet

In today’s unpredictable world, securing our health is more important than ever. When you have unexpected medical expenses, it can put a significant strain on your finances. This is where health insurance comes in handy. One of the popular options is Care Plus insurance. In this article, we will go through everything you need to know about Care Plus insurance, including its coverage, benefits, and frequently asked questions.

What is Care Plus Insurance?

Care Plus is a health insurance policy offered by Care Health Insurance (formerly known as Religare Health Insurance Company Limited). It is a comprehensive health insurance plan that covers hospitalization expenses and other medical expenses incurred by the insured person. Care Plus insurance offers different plans to suit every budget and need, making it a popular choice for many people.

The policy covers expenses related to hospitalization, pre and post-hospitalization expenses, daycare procedures, organ donor expenses, and AYUSH treatments. The policyholder can also get cashless hospitalization in any of the network hospitals across India.

Care Plus insurance is designed to provide complete peace of mind to policyholders during medical emergencies. It offers extensive coverage and benefits to cater to the specific needs of the insured person.

Care Plus Insurance Coverage

Care Plus insurance offers comprehensive coverage for a wide range of medical expenses. The following are some of the expenses covered under the policy:

Care Plus Insurance Benefits

Care Plus insurance offers several benefits to policyholders. Some of the key benefits are:

Sum Insured Enhancement Benefit

Policyholders can enhance their sum insured by up to 150% of the base sum insured at the time of renewal, subject to no claim being made in the previous policy year.

No Claim Bonus

Care Plus insurance offers a no-claim bonus of 10% of the base sum insured for every claim-free year, up to a maximum of 50%.

Cashless Hospitalization

Care Plus policyholders can avail cashless hospitalization in any of the network hospitals across India. The policyholder can get treatment without paying any cash upfront.

Lifelong Renewability

Care Plus insurance offers lifelong renewability. Policyholders can renew their policy every year without any age limit.

Tax Benefits

Policyholders can avail of tax benefits under Section 80D of the Income Tax Act for the premium paid for the Care Plus insurance policy.

FAQs

1. What is the eligibility criteria for Care Plus insurance?

Anyone between the ages of 18 and 65 years can apply for Care Plus insurance. Children between 91 days and 25 years can be covered under the policy if both parents are covered under the same policy.

2. How do I make a claim under Care Plus insurance?

You can make a claim under Care Plus insurance by informing the insurer within 24 hours of hospitalization. You can fill up the claim form and submit it along with the required documents. The insurer will process the claim and settle it within the stipulated timeframe.

3. Does Care Plus insurance cover pre-existing illnesses?

Pre-existing illnesses are covered after a waiting period of 36 months. The waiting period can be reduced to 24 months by paying an additional premium.

4. Can I cancel my Care Plus insurance policy?

Yes, you can cancel your Care Plus insurance policy by giving a written notice to the insurer. The insurer will refund the premium after deducting the proportionate risk premium for the period of cover and other charges.

5. How can I renew my Care Plus insurance policy?

You can renew your Care Plus insurance policy online by visiting the insurer’s website or through an agent. You need to pay the premium before the due date to renew your policy.

Conclusion

Care Plus insurance is a comprehensive health insurance plan that offers extensive coverage and benefits to policyholders. It covers a wide range of medical expenses and offers cashless hospitalization in any of the network hospitals across India. The policy offers several benefits such as no-claim bonus, sum insured enhancement, and tax benefits. Care Plus insurance is a popular choice for people looking for a comprehensive health insurance policy.