Diabetes Health Insurance plans are specifically designed insurance covers for people who have diabetes. Diabetes is a dangerous and often life-threatening condition. Thus, it’s important to opt for a diabetes medical insurance plan that covers the expenses for managing your condition. These comprehensive plans help you cover the high costs of treatment, including hospitalisation expenses for type 1 and type 2 diabetes, and manage the long-term costs associated with it.
This blog answers all of your diabetes-related questions and recommends the best diabetes health insurance plans in India. Let’s dive in!
|Diabetes Health Insurance Plans||Sum insured|
|Navi Health Insurance||Up to Rs. 1 crore|
|Apollo Munich Energy Plan||Sum insured ranges from Rs. 2 lakh to Rs. 10 lakh|
|National Varistha Mediclaim Policy||Rs. 1 lakh, which can go up to Rs. 2 lakh with critical illness cover|
|HDFC Ergo Energy Health||Sum insured ranges from Rs. 2 lakh to Rs. 50 lakh|
|Star Health Insurance Diabetes Safe||Rs. 3 lakh, Rs. 4 lakh, Rs. 5 lakh and Rs. 10 lakh, based on the plan you choose|
Here is the detailed overview of the best diabetes health insurance plans 2023:
It is a comprehensive insurance plan dedicated to improving the lives of policyholders. It is one of the best health insurance plans for diabetes since it provides policyholders with access to a range of resources, including coverage for high cost treatments, a network of top-rated 10,000+ hospitals, 100% coverage of hospitalisation expenses, and more. The Navi Health Insurance plan fits the unique medical and financial needs of each policyholder. The premiums start at Rs. 235 per month. The option of paying premiums in EMIs is also available.
Minimum age: Anyone between 91 days old and 70 years old can be insured. The maximum age for a dependent child in Navi Health Insurance is 30 years.
Apollo Munich Health Insurance Company offers a diabetes health insurance plan – Energy – for people with diabetes. The diabetes health insurance plan is part of a wellness management program by Apollo Munich for people with type 2 diabetes, impaired glucose tolerance (IGT), impaired fasting glucose (IFG), and hypertension. The diabetes health insurance plan not only provides coverage for diabetes treatment but also promotes a healthy lifestyle through its wellness program. The program offers rewards and points that can be redeemed for medical consultations and medication.
Minimum age: 18 years
The National Varistha Mediclaim Policy is a comprehensive plan specifically designed for senior citizens who are between the ages of 60 and 80 years. It is one of the best health insurance plans for diabetes since it covers a wide range of expenses incurred on the treatment and management of the condition. The plan is loaded with benefits for elderly people who are prone to severe health conditions and need coverage against high treatment costs of diabetes and hypertension. The policy premium starts as low as Rs. 4,100 while the sum insured falls between Rs. 1 lakh and Rs. 2 lakh.
Minimum age: 60 years
This health insurance for diabetic patients not only covers the costs of treatment related to the condition but also helps individuals lead a healthy life. HDFC Ergo Energy Health covers the high costs of treating and managing type 2 diabetes and hypertension. The plan also comes with a personalised wellness and management program to help individuals successfully live with diabetes. The sum insured ranges between Rs. 2 lakh and Rs. 10 lakh.
Minimum age: 18 years
Key Features and Benefits of HDFC Ergo Energy Health plan:
It is a specialised health insurance policy designed specifically for individuals with diabetes. This diabetes health insurance plan offers comprehensive coverage for diabetes-related conditions, treatments, and hospitalisation, ensuring that the insured can receive the best possible care without any financial burden. With its unique features and benefits, Star Health Insurance Diabetes Safe is a must-have for anyone living with diabetes, providing peace of mind and the assurance that their health is in good hands. The plan covers complications arising from type 1 and type 2 diabetes. Moreover, the insured can avail of the policy as an individual plan or on a floater basis.
Minimum age: 18 years
A diabetic individual can avail of a host of advantages with a dedicated diabetic insurance policy. These include:
Treatment of diabetes can be a lengthy and costly affair. Diabetes mellitus is a chronic disease that requires frequent doctor consultation, medications, insulin, diagnostic tests, and even hospitalisation. A diabetes insurance policy will provide extensive financial coverage to help you manage all these expenses.
Almost all diabetes insurance plans include a wellness program that motivates diabetic individuals to lead a healthy lifestyle. Such programs also come with a wellness trainer or coach to monitor and assess the policyholders’ progress.
As a diabetes insurance policyholder, you are also eligible for no-claim bonus or reward points to stay fit and active. You can later use these reward points or discounts to reduce the cost of health insurance policies.
Filing a claim for diabetes insurance is similar to any other health insurance. You can either receive reimbursement for medical expenses or a direct payment is made to the hospital under a cashless policy.
Here are the two ways to file a claim for a diabetes health insurance plan:
You can opt for a cashless claim if you are admitted to one of the network hospitals covered in the health insurance plan. You don’t have to pay the bills from your pocket since the insurance provider directly settles the medical bill with the hospital. The claim process will vary for each plan. However, you can follow the steps listed below to file a claim:
Step 1: Inform the insurer and submit a request for a cashless claim at the insurance desk in the hospital.
Step 2: Submit the completed pre-authorization form.
Step 3: The form will be processed, and you will receive a confirmation with the maximum treatment amount.
You will have to opt for a reimbursement claim if your insurance provider does not offer a cashless claim or if the hospital you are admitted to is not covered in the network of hospitals. The process for reimbursement claims is simple. You pay the medical bills at the hospital and file a claim with your insurance provider for reimbursement of the same.
Step 1: Contact the insurance provider.
Step 2: Place a request for reimbursement.
Step 3: Submit the required documents, including medical bills, discharge summaries, prescriptions, etc.
Step 4: The reimbursement claim will be processed and the amount will be disbursed. It usually takes 15 to 20 days from the date on which all documents are submitted.
The market is flooded with numerous insurers providing diabetes health insurance policies. However, finding the one that best suits your requirements can be a bit confusing. Keeping the following pointers in mind will help you in your quest to find the best health insurance for diabetes in India:
Diabetes is a chronic disease that requires constant medical attention. Therefore, it is crucial to find a diabetes insurance policy with a low waiting period. Insurers offering diabetes insurance plans usually offer a lower waiting period. Make sure to compare across various insurers to find a policy that offers a low or no waiting period.
Since the recovery of diabetes is connected with your lifestyle, it cannot be cured with only medications and treatments. It requires constant effort to stay healthy. Most diabetes insurance policies come with a wellness program and coach to help patients stay fit and healthy. Such plans also offer benefits and rewards. Try to find a policy that comes with a suitable wellness program.
Most diabetes insurance policies provide policy renewal of up to 60 years. Make sure to find an insurance policy that offers a high renewable age.
It is usually beneficial for diabetic individuals to opt for a specially curated diabetes insurance plan instead of a regular health insurance plan. However, you need to keep in mind all the key points while looking for the best health insurance for diabetics in India. Make sure to compare and assess all the offerings of insurers before making a decision.
Medical emergencies are a hassle, save yourself from extra cost and time and get a Navi Health Insurance today. What do you get? Cashless claims settled in 20 minutes at 10,000+ network hospitals across India and other benefits such as 100% coverage of hospital bills, unlimited online consultations, medical treatment at home, etc.
You need to submit the following documents while buying health insurance for diabetes:
-Proof of identity
-Income proof of the insured individual
-Health-related documents asked by the company
-Other documents as requested
Ans: Usually, most insurance companies cover the treatment for both types of diabetes. However, you must check the policy thoroughly as some policy providers might cover only Type 2.
Yes, you are allowed to purchase multiple health insurance policies for diabetes from either the same or different insurance companies. But, you need to inform all existing policies to the other insurance providers while making a claim.
Yes, you can file for tax exemption under Section 80D of the Income Tax Act against the premiums that you have paid.
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Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
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