Health insurance plays a crucial role in safeguarding you and your family from the unexpected financial pressure that can arise due to sudden illnesses, injuries, or medical emergencies. Life is unpredictable, and anyone can require medical care at any moment. During such times, access to quality healthcare becomes essential, but the expenses for diagnostic tests, medicines, specialist consultations, and hospitalization can rise quickly and impact your financial stability. A dependable health insurance plan ensures that you receive the treatment you need without compromising your savings or peace of mind.
Although many insurance providers claim to offer comprehensive health coverage, only a few truly support their customers when it matters most. At ELS General Insurance, we are committed to delivering on our promises by providing reliable coverage, smooth claim assistance, and guidance tailored to your needs. Our goal is to stand by you during life’s challenging moments and ensure you and your loved ones receive the care you deserve.
Health insurance, often referred to as medical insurance, covers the expenses that arise due to illnesses or accidental injuries, either by reimbursing the incurred medical bills or by settling them directly with the healthcare provider. A good and comprehensive health plan includes coverage for hospitalisation, day-care treatments, medical care at home (domiciliary care), ambulance services, maternity-related expenses, OPD benefits, and many other essential healthcare needs.
Purchasing a health insurance policy not only secures financial protection against multiple diseases but also provides the additional advantage of tax savings. The premium you pay for your health insurance qualifies for tax deductions under Section 80D of the Income Tax Act, 1961, offering both health security and monetary benefits at the same time.
With so many considerations, let us help you to make easy decisions for your life insurance needs
We help you choose the best insurance plan based on your needs.
Enter your mobile number, name, and pin code, then click ‘Proceed’.
Select the members to be insured, pick a plan, choose the sum insured, and include any additional coverages you need.
Fill in all required details, including proposer information, EIA, nominee details, and other relevant information.
Complete the payment online and receive your health insurance policy instantly in your inbox.
Whether you purchase your health insurance policy online or offline, you need to submit the necessary documents to complete the KYC process. Online applicants can submit scanned and self-attested copies, while offline applicants should carry photocopies when visiting the insurance office.
As per Section 80D of the Income Tax Act, 1961, you can claim deductions up to the following amounts:
| Beneficiaries of ELS General Insurance | Annual Deduction Amount |
|---|---|
| Yourself, your spouse, and your children | ₹25,000 |
| Yourself, your spouse, your children, and parents below 60 years | ₹50,000 |
| Yourself, your spouse, your children, and senior citizen parents | ₹75,000 |
| Yourself (above 60 years), your spouse, children, and parents | ₹1,00,000 |
Section 80DDB allows tax deductions for:
Health insurance and expenses incurred for treatment of specified critical illnesses.
The maximum annual deduction is ₹40,000 or the actual premium paid, whichever is lower.
For senior citizen policies, the maximum deduction is capped at ₹1,00,000.
Section 80DD provides tax benefits for:
Medical expenses incurred for yourself as a disabled individual or for dependents with physical or mental disabilities.
The maximum deduction available under this section is ₹75,000 per annum.
Purchasing health insurance online is easy and hassle-free. Simply select your preferred policy on the ELS General website, complete the application form, and submit the necessary documents — all without needing to visit a branch or office in person.
With the online option, there’s no need to worry about cash or cheque payments. You can conveniently pay your insurance premiums using secure online methods such as internet banking, UPI, debit/credit cards, or digital wallets.
ELS General provides a health insurance premium calculator that instantly generates quotes based on the policies you select.
Buying your policy online removes the need for extensive paperwork. Simply complete the application form and upload soft copies of your KYC documents. Additionally, if you meet the eligibility criteria, medical check-ups may not be required.
After selecting your policy and making the premium payment, ELS General sends your policy instantly to your registered email. You don’t need to wait for postal delivery and can access your policy documents anytime via email.
Specify the number of individuals for whom you want to purchase Health Insurance. Select the ‘Self’ icon if coverage is for you alone. To include your spouse, parents, and/or children, simply click on the respective icons representing them.
Enter the necessary personal details for all members covered under the Medical Insurance policy. Include their name, age, date of birth, and mobile number in this step.
Next, select a health plan that aligns with your coverage requirements. Choose the desired sum insured, policy tenure, and any additional riders for enhanced protection. Keep in mind that each added rider may slightly increase the premium amount.
You need to answer important questions that help determine your insurance premium. This includes details about any pre-existing medical conditions, lifestyle habits (such as smoking or drinking), and responses to other related queries.
You need to answer important questions that influence your insurance premium. This includes details about pre-existing medical conditions, lifestyle habits (such as smoking or drinking), and responses to other similar health-related questions.
Premiums are generally lower for younger and healthier individuals, whereas buying insurance at an older age, such as in the 40s, usually results in higher premiums.
The sum insured plays a crucial role in determining your premium payments. A lower sum insured generally results in lower premiums, and a higher sum insured increases the premiums. It is important to choose a sum insured that adequately covers your potential medical expenses.
The premium rates increase as you opt for higher coverage. Additionally, the type of coverage—whether an individual plan or a family floater plan—also affects the premiums, as each plan has different rates.
A long-term health insurance plan covers all medical expenses incurred during its policy period. Premiums for such plans are generally spread over time, making them more manageable. While the cost of a single hospitalization may run into lakhs, the premiums paid over the term are usually much lower.
A long-term health insurance plan covers all medical expenses incurred during the policy period. The premium for such plans is spread over time, making it more manageable. While a single hospitalization could cost several lakhs, the total premiums paid are generally much lower.
Individuals who smoke, consume alcohol, or engage in similar habits may face higher insurance premiums, provided they meet the eligibility criteria for coverage.
Individuals who regularly smoke, consume alcohol, or engage in similar habits may face higher insurance premiums, provided they meet the eligibility criteria for coverage.
The sum insured is the maximum amount your insurer will cover for a claim during a policy year. Any medical expenses beyond this limit must be paid by you.
Alternative medical treatments, including Ayurveda, Yoga, Unani, Siddha, and Homeopathy, are covered under health insurance as per IRDAI guidelines.
The Insurance Regulatory and Development Authority of India (IRDAI) is the main regulatory body in India that establishes rules and guidelines for all insurance-related activities.
Add-on riders are extra covers that can be bought alongside your main health insurance policy. They provide enhanced protection by covering specific medical expenses not included in the base plan.
Co-payment allows you to lower your insurance premiums by agreeing to pay a fixed percentage of your medical expenses when hospitalised and filing a claim.
In indemnity policies, a deductible is the set amount that you, as the policyholder, must pay for medical treatment before the insurer settles the remaining expenses.
Medical treatments or procedures that need less than 24 hours of hospitalisation, such as dialysis or chemotherapy, but do not include standard outpatient care.
Any medical procedure that needs a hospital stay of at least 24 hours as covered under your health insurance plan.
The time after buying a policy during which claims cannot be made. This period may range from 30 days to 4 years, depending on the policy and treatment type.
Claims cannot be made for certain diseases and treatments, which are clearly listed in your policy document.
A benefit from your insurer that increases your coverage without extra premium if no claims are made during the policy period.
Plans that let you boost your coverage with an easy top-up, giving additional protection beyond your base policy.
Hospitals included in your insurer’s network where you can receive cashless treatment services.
Replenishes your base sum insured once it has been used up during the policy period.
The insurer pays the hospital directly, so you don’t have to make out-of-pocket payments during your treatment.
You pay upfront for treatment at non-network hospitals and later submit the bills to your insurer for repayment.
The minimum time you must survive after being diagnosed with a critical illness for your claim to be eligible, usually a few days.
Lets you switch insurers and transfer your policy benefits without losing any of your accrued advantages.
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