Plain language guides to help Kerala families understand health insurance clearly — before they need it.
A family floater covers your entire family under one sum insured. More affordable than individual plans for each member. Best when all members are below 55 and generally healthy.
30 days: Initial waiting. Accidents covered from day 1.
2–4 years: Pre-existing diseases.
9 months–2 years: Maternity.
The key insight: waiting periods begin only after you buy. Buying early means completing them before you need the coverage.
Cashless: Go to a network hospital. Show health card. Insurer pays hospital directly. You pay only non-covered items.
Reimbursement: Get treated anywhere. Pay first. Submit documents. Insurer reimburses eligible expenses within 30–45 days.
Plans available for ages 60–80+. Key insurers: Niva Bupa Senior First, Star Senior Red Carpet (no medicals up to 75), Care Senior.
Buy before health conditions develop — more options available and premiums are lower at younger ages.
Health insurance premiums are tax deductible under Section 80D:
Self + family: ₹25,000/year
Senior parents: ₹50,000 additional
Total possible: ₹75,000/year
At 30% tax bracket — ₹22,500 saved in taxes annually.
You can switch insurer at renewal without losing waiting period credits (IRDAI mandated portability). No-claim bonus also transfers.
Apply 45 days before renewal. Cannot port mid-term.
Useful if you are not satisfied with current insurer's service or network.
Have a specific question? Ask our assistant or connect with Rasi directly.