Question 1

What is a family floater health plan?

Accepted Answer

A family floater covers multiple members under one sum insured. Any member can use the pool during the policy year. It is often cheaper than separate individual policies for each person.

Question 2

What is a waiting period in health insurance?

Accepted Answer

Insurers impose waiting periods for pre-existing diseases, specific illnesses, and maternity. Initial waiting periods are typically 30 days; PED waiting can be 2–4 years depending on the plan.

Question 3

Is health insurance premium tax-deductible?

Accepted Answer

Section 80D allows deductions for health insurance premiums for self, spouse, children, and parents, with separate limits for senior citizens. Rules differ between old and new tax regimes.

Question 4

What is cashless hospitalisation?

Accepted Answer

At network hospitals, the insurer settles eligible bills directly with the hospital after you show your health card and complete pre-authorisation. Non-network claims are usually reimbursed.

Question 5

Should I port my health insurance?

Accepted Answer

IRDAI allows porting between insurers without losing waiting-period credit if you apply before renewal and meet timelines. Compare benefits and network before switching.

Health Insurance Plans in India

Health Insurance plans

Frequently Asked Questions