- About Coverfox
30 FLAT SECONDS
We at Coverfox offer you a wide option of multiple insurance companies. You may compare the best insurance plan basis their features, benefits etc. and narrow down your search on the right plan as per your requirement. We offer you the claim settlement and worthiness of different insurers making it easier for you to zero down on the ‘best plan’ available.
Coverfox being a relatively new start-up, our entire emphasis is to deliver unmatched quality service to our esteemed customers. Our goal is to make the whole insurance buying experience as pleasurable and relaxed as possible with our expert guidance and an easy to access portal.
Assessing so many health insurance companies against numerous parameters can be as daunting and confusing as it sounds. If you are in a fix and cannot decide the best health insurance company for yourself, it is time to involve experts.
Always compare health insurance plans based on the following crucial factors
Assess if the cover and sum assured are suitable against the premium paid. Choose add-ons as per your needs.
Be sure of the insurer's network hospitals in your area. You can avail of cashless services only at these hospitals.
Since hospital room rents vary, some insurance plans pay only a part of the actual rent. It's always best to go for higher or no room-rent limit plans.
Check what is permanently excluded and which treatments are possibly covered after waiting for a certain period.
As the brokers are skilled professionals, licensed by IRDA, they are the finest to approach for any insurance needs. Above and beyond, as they deal with diverse insurance products, they are accountable towards providing accurate solutions as per distinct requirements. Their entire business model is to offer essential service to the consumers on priority.
Some insurance brokers like Coverfox.com boasts of exceedingly user-friendly and convenient gateway where even a newbie can access and purchase the insurance policy as per his requisite. The facility to compare and make the correct choice is what they exult in. The ease offered is noteworthy and with such astounding features, why look back?
For the whole kit and caboodle associated with your health insurance policy, you can contact your broker, and they are capable enough to deal with the same. Brokers are accredited to handle the requests on behalf of their customers by dealing with the insurance companies. So, next time you want to move your residence, and if you have bought your health insurance policy through a broker, why fear when the broker is here? A phone call is all it'll take.
Brokers like Coverfox has a far-reaching Claims Team that handle all queries, concerns related to the claims of their customers. Even before submitting the documentation to the insurance company for claims dispensation, they scrutinize them for accuracy and completion to evade back and forth coordination with the insurance companies. Claims Team Experts are on your side and walks step-by-step with you to settle down the claim.
|Health Insurance Plan||AGE||Type of Plan||Sum Insured||Benefits|
|Religare Care Plan|| Children 5 years|
Adults Min- 18 Years Max- No Age Limit
| Individual Plan|
Family Floater Plan
|Rs. 2/3/4/5/7/10/15/20/25/50/60 Lakhs|
|Max Bupa Companion Health Insurance Policy|| Children 91 Days|
Adults Min- 18 Years Max- No Age Limit.
| Individual Plan|
Family Floater Plan
|Rs. 2 lakhs to Rs. 1 crore|
|Oriental Happy Family Floater Mediclaim Plan|| Children 91 Days|
Adults Min- 18 Years Max: 65 years.
|Family Floater Plan||Silver: Rs. 1 lakh to Rs. 5 lakh, Gold: Rs. 6 lakh to Rs. 10 lakh|
|Star Senior Citizen Red Carpet Plan|| Children- N/A|
Adults : 5 Years Min : 60 years Max: 75 years
| Individual Plan|
Family Floater Plan
|Rs. 1 Lakh to Rs. 10 Lakh|
|iHealth Plan|| Children in Individual Plan 3 Months- 23 Years|
Family Floater Plan Children- 6 years – 23 Years
Adults Individual Plan Above 18 Years
Adults Family Floater Plan Above 18 Years
| Individual Plan|
Family Floater Plan
|Rs. 2 Lakh to Rs. 10 Lakh|
|Agriculture Insurance Co. of India Ltd||Apollo Munich Health Insurance Co. Ltd||Bajaj Allianz General Insurance Co. Ltd|
|Bharti Axa General Insurance Co. Ltd||Cholamandalam MS General Insurance Co. Ltd||Cigna TTK Health Insurance Co. Ltd|
|Export Credit Guarantee Corporation of India Ltd||Future Generali India Insurance Co. Ltd||HDFC ERGO General Insurance Co. Ltd|
|ICICI Lombard General Insurance Co. Ltd||IFFCO Tokio General Insurance Co. Ltd||L&T; General Insurance Co. Ltd|
|Liberty Videocon General Insurance Co. Ltd||Max Bupa Health Insurance Co. Ltd||National Insurance Co. Ltd|
|The New India Assurance Co. Ltd||The Oriental Insurance Co. Ltd||Raheja QBE General Insurance Co. Ltd|
|Reliance General Insurance Co. Ltd||Religare Health Insurance Co. Ltd||Royal Sundaram Alliance Insurance Co. Ltd|
|SBI General Insurance Co. Ltd||Shriram General Insurance Co. Ltd||Star Health and Allied Insurance Co. Ltd|
|Tata AIG General Insurance Co. Ltd||United India Insurance Co. Ltd||Universal Sompo General Insurance Co. Ltd|
|Kotak Mahindra General Insurance Co. Ltd||Aditya Birla Health Insurance Co. Ltd||Magma HDI General Insurance Co. Ltd|
|Mediclaim only refers to hospitalization. Say, it only covers hospital related expenses. It is important to be hospitalized to file a mediclaim.||Health Insurance is a more detailed and comprehensive insurance product. It not only covers hospitalization expenses, but it also covers, the pre and post hospitalization expenses, ambulance charges etc. You need not be hospitalized for filing a health insurance claim.|
|Mediclaim offers a very limited coverage say around Rs. 5 lakh is the highest sum insured offered.||Health Insurance offers an extensive coverage say the upper limit is Rs. 75 lakh|
|Mediclaim follows the indemnity principle. Here, the hospitalization expenses are reimbursed||Health Insurance doesn’t solely work on indemnity. Many other components like riders work on benefit criteria. Here, a lump sum amount is paid to the insured in case of uncertainty. It doesn’t follow the make up for loss policy|
|Under Mediclaim, the insured is allowed to make any number of claims.||Under the standalone illness specific Health Insurance Policy, once the insured makes a claim for the specified illness, the entire sum assured is paid out at one go. Therefore, filing another claim is ruled out!|
What should you consider while buying Mediclaim Policy?
Who should buy a Health Insurance Policy?
Well, the answer is simple. Anyone who cannot possibly afford those sky rocketing hospitalization and related healthcare costs should definitely invest in a good mediclaim insurance. Considering the premiums, you pay each year, the benefits you reap are much valuable. Along with a financial cushion to reckon, the peace of mind it offers makes it totally worth.
How to make a claim?
Claims can be registered in two ways:
a.) Cashless claims: You must contact TPA help desk at the time of hospital admission. Submit the claim form along with the doctor’s reports to seek approval. Once the request is approved, TPA settles the bill directly with the hospital.
b.) Reimbursement claim: Once hospitalization is completed and the hospital bill is settled, you need to send the claim form, discharge form along with the doctor’s prescriptions and reports to the insurer. The insurer investigates the documents submitted and then revert backs with the decision on claim settlement.
What are the things to look for while choosing a health insurance plan?
While choosing a health insurance policy there are a few things which you should be consider:
Can I get a single health insurance floater policy which can cover my parents or in laws too?
Yes. There is health insurance plan like Heartbeat family first which covers 14 relations including in-laws and parents.
What are some of the important exclusions under a Mediclaim policy?
There are four important types of exclusions in a Mediclaim policy. These are:
Can I cancel my policy? If yes, will I get my premium back?
Yes you can cancel a policy after you buy it. A free look period of 15 days is provided to you after buying a policy to understand the terms and conditions. In case there is any objectionable clause, you can cancel the policy and get a refund. Stamp duty, expenses on medical check-up and proportionate risk premium (the number of days that the insurance company was at a risk of bearing your health expenses) would be calculated while the premium amount is refunded. Refer the policy termination or policy cancellation section in your policy wording to know the amount that would be refunded.
Note: For a refund, there shouldn't have been any claim during the policy period.
Does a health insurance plan cover maternity?
Health insurance policy is designed to cover unforeseen medical expenses, but a normal health insurance policy does not cover maternity expenses. Coverage for maternity expenses is one of the additional features offered by some of the health insurance plans at a higher premium and waiting period. To know more about maternity health insurance, please read more here.
There's no better way to put this, but the real answer is 'no'. With regulated pricing and premiums set by the IRDA, the prices you see here are the ones you see everywhere (lower prices elsewhere usually mean there's a possibility of hidden charges). The only difference? At Coverfox, we don't look for the cheapest price, we look for the right one.
Online payments can be a major hassle, but not with Coverfox. This is why you don’t need a Credit Card; you can make payments through just Net Banking or your ATM/Debit Card. Unfortunately, we can’t support cash on delivery or cheques, just because we want to keep it online and simple. We do allow for card-on-delivery payment though. But this only works in the case of customers with expired car insurance, where an inspection is required.
You'd get your policy before you finish reading this answer. It's THAT fast. Once you choose your product and make your payment, it’s sent to your inboxes right away. No hard copies, because we are also secret environmentalists. If by any chance there is a delay due to a medical check or an expired vehicle inspection, we promise that you’ll be informed in advance.
With our excellent Customer Service, we make sure that you never have to deal with the insurer personally. We make it that convenient. Our relationship with insurance companies ensures our dedication to every customer! In fact, we offer free claim assistance during emergencies to even those who may not have bought insurance policy from us. After all, Coverfox is simply a phone call away for anyone in need.
Here, we don’t take any sides (apart from yours) when it comes to insurers – in fact, we don’t even ask you for your contact details for comparing various products until you are convinced. You can say that we are always looking out for you – like the friend you call at 4 am - whether it’s finding you the perfect policy or making sure you get only the best deals, we are on your side. As an IRDA approved organization, we are as genuine as they can get.