Best health insurance in Sikkim can be found online on our portal by comparing different health insurance plans provided by different insurance companies.
Health insurance is a type of insurance wherein insured person get health insurance claim from insurance company in case of a hospitalization due to illness or accident. And they will take care of expenses charged by the hospital in return they charge small amount of premium in a regular interval to its customers.
Health insurance is a settlement between insurance company and insured customer. Health insurance is the most important financial protector for the people who have responsibilities on their family members. Without a health insurance you might be forced to dig out your savings and liquidate your assets in case of hospitalization.
Increasing health care costs are forcing many people to think of good health insurance scheme within their budget. People who thought of visiting government hospitals earlier have also started thinking of visiting private hospitals in case of any medical emergency. So it is necessary to having a good health insurance policy.
Health insurance policy should be purchased after checking the terms and conditions mentioned under the policy and at the same time the claim settlement ratio and the claim acceptance time in case of cashless claim should be compared before deciding on the best insurance company. Best health insurance plans in Sikkim can be found online on Our Portal by comparing different insurance policies provided by different insurance companies.
The premium paid by the customer for the health insurance policy is calculated based on the plan selected by the customer. And it depends on many elements such as the sum insured selected, extra benefits opted and other terms and conditions mentioned in the policy. The premium paid by the customer for the health insurance differs from company to company and also depend upon the service levels provided by the company.
Best Health Insurance Plans in Sikkim:
Sikkim is one of the small states in India which is located in the North-Eastern part of the India. The state has population of 6.58 lakhs. There is different health insurance companies are available in Sikkim. For instance there are Covid health insurance plans, Maternity plans, senior citizen plans, personal accident plans, Plans for customers with pre-existing diseases such as Heart attack, Hypertension etc.
There are not only health insurance companies in Sikkim but also some others insurance companies are available in Sikkim. They are car insurance, travel insurance, two wheeler insurance companies etc. And Policybachat provide services on these insurances also.
To find Best Health Insurance Plans in Sikkim go through our online portal where the basic process is to fill the details of the applicant for quote generation such as Age of the customer, sum insured required, number of members to be covered, location pin code, name of the person, phone number, email address, gender of the person, extra coverage in the form of add-ons etc.
Best health insurance policy should have the maximum coverage with reasonable premium when compared with the other insurance companies in the market and with no hidden sections in the policy. The premium can be paid through online using registration number and no need to go insurance company for bill payment and policy can be issued without any physical presence of the customer. The premium paid for health insurance policy is calculated based on the plan selected by the customer.
Premium can be paid in instalments as per the instructions of the Insurance Regulatory and Development Authority of India (IRDAI) if the customer is not able to pay the premium at once. This option enables customer to convert the premium payment into monthly EMI options and at the same time assist higher coverage which would otherwise be difficult if the premium has to be paid lump sum.
Health insurance premiums are calculated for a 30 year old Male with 26 year old Spouse, Sum insured Rs.5 Lac and the policy period taken as 1 year. Location of the customer is taken as Sikkim for the purpose of premium calculation.
||QuBE Super Saver
||Silver with Health 241 Add-on
||Gold with 241 Add-on
||NCB & UAR
||NCB & Everyday Care
- Note: The premiums given above vary with the coverage and please refer our website for exact premium.
- Read about the conditions such as No claim bonus, room rent, ICU rent, waiting period, Co-pay, Health check-up options are considered before arriving at the final premium.
- Before you buy the policy please read terms and conditions thoroughly or contact experts before proceeding.
How to Decide the Best Health Insurance Policy in Sikkim?
Best health insurance policy can be decided after considering the below factors:
- Coverage v/s Premium:
Coverage in a health insurance is also known as sum insured. Coverage and Premium are the most frequently compared things while deciding on the best health sector. But comparing the coverage with the premium charged by the insurance companies is the big mistake people made.
A health insurance covers many things such as cashless treatment, pre and post hospitalization cost coverage, Travelling charges, room rental charges, No claim bonus and health check-up benefits, tax benefits and etc. So, before buying the policy consider all the factors because simple analysis of comparing different health insurance policies against the premium from different insurance companies can only result in disappointment at the time of claim settlement.
- Add-on/ Rider:
Add-on or Rider is the extra coverage that is available under the health insurance premium on payment of additional premium. The base coverage can be extended with the help of add-ons on payment of additional premium.
Careful analysis should be made before deciding an add-on as the riders are charged by the insurance company. Customer should identify the add-on which is necessary as including all the add-ons will only increase the premium with less scope for utilization of all the add-ons.
- Individual/ Floater:
It is important to decide whether the health insurance policy would be taken for an individual or for family. There are many options in a health insurance policy which cannot be utilised by an individual alone and availing these options would be of no use and the customer would end up paying high premium for the options he wouldn’t be using.
The sum insured can be opted separately for each individual in the health insurance policy or everyone in the policy can use a single sum insured. Most of the health insurance plans include individual and floater sum insured options for the customer to select from.
- No Claim Bonus/ Renewal Bonus:
No claim bonus or the renewal bonus is the increase in sum insured at the time of renewal provided by the insurance company for no claims made in the previous policy year. The maximum renewal bonus or No claim bonus provided by the insurance companies would not exceed 100% of the basic sum insured.
There are few health insurance plans which provide 10% to 50% renewal bonus for each claim free year. Higher the renewal bonus percentage each year, higher would be the sum insured at the time of renewal. The best health insurance policy in Sikkim is the one which provides up to 100% renewal bonus or no claim bonus for each claim free year. Government of Sikkim provides some best policies.
- Network Hospitals:
Network or tie-up hospitals are the hospitals with which the insurance companies enter into an access to qualitative cashless healthcare service to its customers. In cashless medical treatment hospitalization the customer need not pay medical bills to the hospital.
The insurance company tie-up with those hospitals and they take care about the medical expenses charged by the hospital. The best health insurance policy is the one which has the more number of empanelled hospitals across the country.
In Co pay the fixed amount of money is must pay each and every time when insured person need medication. Co-pay is the amount of claim which is to be borne by the insured customer at the time of claim settlement. Most of the health insurance policies have co-pay clause if there are senior citizens included in the policy.
Higher the co-pay amount selected by the customer, lower would be the health insurance premium. Co-pay is the way of making customer liable and participating in the claim settlement. The best health insurance policy in Sikkim is the one which doesn’t have the co-pay at the time of claim settlement.