Health Insurance
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I want to buy Health Insurance for
Plan Highlights
- Additional Sum Insured- Critical Illness Hospitalization
- Additional Sum Insured- Accidental Hospitalization
- Mother and Child Care
- Wellness Package
96%Our Claim Settlement Ratio is 96% consistently for last 3 years
I want to buy Health Insurance for
Plan Highlights
- 100% Auto restoration of sum insured in case of complete or partial utilization of sum insured
- Cumulative Bonus - 50% of Base maximum up to 200% *
- Wellness services with Rewards
- Global Cover - Applicable only for Diamond plan
96%Our Claim Settlement Ratio is 96% consistently for last 3 years
What is Health Insurance?
Health insurance is a financial contract between you and a health insurance provider that helps cover the cost of medical expenses. You purchase health insurance by paying the premium to the health insurance company. In return, the insurance company covers medical expenses up to the sum insured when you make a claim. It can provide reimbursement for hospitalization, surgeries, outpatient treatments, and other healthcare services.
In a nutshell, a medical insurance policy is your financial protection plan, so you can access quality healthcare without worrying about the financial burden.
When you buy health insurance online, you can compare different plans, check health insurance quotes, and choose the one that best meets your needs.
At Universal Sompo, we offer comprehensive health insurance in India that is designed to meet your needs. Our health insurance plans guard you and your family against unexpected medical expenses, giving you the means to get the best possible care when you need it the most. Our extensive network of hospitals and ample coverage for various medical expenses at affordable premiums make universal healthcare accessible for you. With Universal Sompo, you can buy health insurance online and rest assured that your health is in good hands.
Why Universal Sompo?
Quick Claim
Process
Customer First Approach
PAN India
Presence
24/7
Assistance
We Keep Our Promise
Our Shareholders
Types of Health Insurance
With Universal Sompo, you can choose from various universal health insurance plans that fit your lifestyle and needs. They can include:
01
Individual Health Insurance
Covers the policyholder’s medical expenses.
02
Family Floater Health Insurance
Family health insurance for the policyholder, spouse, and dependent children.
03
Senior Citizen Health Insurance
Medical insurance for parents, specifically for individuals aged 60 and above.
04
Critical Illness Insurance
Pays a lump sum benefit upon diagnosis of a specified critical illness.
Each plan has its own set of health insurance benefits and coverage limits. Choose the plan that best suits your requirements and budget.
Benefits of Buying Health Insurance
With a reliable health insurance plan from a trusted provider like Universal Sompo General Insurance, you can secure your family’s health and finances while accessing the best medical care. Here are the top benefits of health insurance:
Financial Security in Medical Emergencies
Healthcare expenses in India are increasing steadily. Whether it’s a sudden hospitalisation, surgery, or long-term treatment, paying out of pocket can deplete your savings. A health insurance policy acts as a financial buffer, covering hospital bills and treatment costs so you don’t have to compromise on care.
Access to Quality Medical Treatment
A Universal Sompo Medical Insurance policy allows you to access many hospitals across India, including multi-speciality and super-speciality hospital or institutions. This ensures timely and quality healthcare, including advanced diagnostics, day-care procedures, and specialist consultations.
Cashless Hospitalisation Facility
Health insurance lets you enjoy cashless treatment at empanelled hospitals. Instead of arranging funds upfront, the insurer directly settles your bill with the hospital, letting you focus on recovery rather than expenses.
Coverage Beyond Hospitalisation
Health insurance doesn’t just cover inpatient treatment. It also includes:
- Pre-hospitalisation expenses (e.g., doctor consultations, diagnostic tests)
- Post-hospitalisation costs (e.g., follow-up visits, medication)
These benefits ensure holistic coverage for the entire treatment cycle.
Tax Benefits Under Section 80D
Policyholders can claim tax deductions up to ₹25,000 (₹50,000 for senior citizens) on health insurance premiums paid under Section 80D of the Income Tax Act. This makes health insurance not just a safety net, but also an innovative tax-saving tool.
Peace of Mind
Knowing that you and your loved ones are financially protected in medical emergencies allows you to focus on your life, career, and goals without worrying about unforeseen healthcare expenses.
A Universal Sompo health insurance plan offers dependable coverage and the freedom to choose quality care when it matters most.
Why you should buy
Healthcare Insurance from us
Tailor-made Plans
Affordable Premium
Flexible Sum Insured
15,500+ Cashless Hospitals
How To Buy A Health Insurance Plan?
Buying health insurance is a simple process. You can visit our website or contact our customer support team for assistance. Our experts will guide you through the process to get health insurance and help you choose the right plan
Here are some steps to begin with
Assess your needs:
Determine the health insurance coverage you require according to your family size, age, and existing medical conditions.
Compare plans:
Explore different health insurance plans online and their features, benefits, and premiums
Choose a plan:
Select the plan that best suits you, your needs, and your budget.
Provide information:
Fill out the necessary application forms and provide the required documentation.
Pay premium:
Make the initial premium payment to activate your health insurance policy
Key Factors to Consider
Before Buying Health Insurance Plans
Choosing the right health insurance plan is a crucial financial decision that protects you and your family from rising medical expenses. With many options available, it’s essential to understand what makes a policy truly valuable.
Whether you’re buying for the first time or switching health insurance providers, here are the key factors to consider before purchasing a health insurance plan from a trusted insurer like Universal Sompo General Insurance.
01.
Coverage and Sum Insured
Carefully assess the extent of medical coverage a policy offers. A higher sum insured is advisable for families or individuals in urban areas with significantly higher treatment costs. Ensure the plan covers hospitalisation, day-care procedures, pre- and post-hospitalisation, and critical illness.
02.
Network Hospitals
Universal Sompo Medical Insurance offers access to an extensive cashless network of hospitals across India. Ensure your preferred hospitals are part of this list. Cashless facilities simplify the health insurance claims process, especially during emergencies when paperwork can be stressful.
03.
Waiting Period
All health insurance plans have a waiting period for specific conditions, such as pre-existing diseases, maternity, or specific surgeries. Opt for a policy with minimal waiting time, especially if you or your dependents have ongoing medical concerns.
04.
Claim Settlement Ratio (CSR)
A high claim settlement ratio reflects the insurer’s reliability in honouring claims. Universal Sompo has a strong track record, which builds trust and ensures you’re not left stranded during medical crises.
05.
Premium vs Benefits
While affordability is important, don’t compromise on essential coverage to reduce premiums. Carefully evaluate the balance between premium cost and coverage benefits. A slightly higher premium with broader benefits may offer better long-term value.
06.
Add-Ons and Exclusions
Examine optional riders or add-ons like personal accident cover, critical illness benefits, or room rent waivers. At the same time, be clear about policy exclusions—treatments or conditions not covered by the policy.
By considering these factors and choosing a trusted insurer like Universal Sompo, you can secure a health insurance policy that meets your needs today and prepares you for tomorrow’s uncertainties. Always review the policy brochure and consult with an advisor before deciding.
Documents Required to
Buy Health Insurance Online
Keep the following documents ready to buy your health insurance online:
KYC Documents
As per IRDAI regulations, Know Your Customer (KYC) documents are mandatory. These include:
PAN Card (for identity) - Aadhaar Card (for identity and address proof)
- Passport-size photograph (in some cases)
Age and Identity Proof
To verify the age and identity of the policyholder and dependents (in case of a family floater), you may need:
- Birth certificate
- Passport
- Voter ID
- Driving licence
Income Proof (if applicable)
Some health insurance plans, especially those with higher sum insured or riders, may require proof of income:
- Salary slips
- Form 16
- Income Tax Returns (ITR)
Health Declaration
The application usually requires a self-declaration of current health status. Sometimes, a medical test or doctor's report may be requested, especially for senior citizens or those with pre-existing conditions.
With these documents ready, you can apply seamlessly for a Universal Sompo health insurance policy online, ensuring quick processing, minimal paperwork, and instant access to quality healthcare protection.
What are Optional
Add-ons in Health Insurance
Optional health insurance add-ons—also called riders—are additional benefits you can include in your base policy for enhanced protection. Universal Sompo health insurance offers various riders, allowing you to customise your plan to match your specific health needs and lifestyle. Here are some of the most popular add-ons you can consider:
Maternity Cover
Ideal for young couples or growing families, this rider covers hospitalisation expenses related to childbirth, including pre- and post-natal care. It may also include a newborn baby cover for the first few months.
Critical Illness Rider
This add-on provides a lump-sum payout on diagnosing life-threatening conditions such as cancer, heart attack, or stroke. It helps cover the high cost of specialised treatment, recovery, and income loss during extended illness.
Room Rent Waiver
Most health plans have a cap on room rent charges. With this rider, you can either remove or enhance the room rent limit, giving you more flexibility to choose private or deluxe rooms during hospitalisation.
OPD Cover
Covers outpatient expenses such as doctor consultations, diagnostic tests, and medicines, such as those managing chronic conditions or lifestyle-related issues, but not hospitalisation.
Daily Cash Benefit
This policy provides a fixed daily allowance during hospital stays, which can help you manage incidental expenses like travel, meals, or caretaker services not covered under the regular policy.
These optional add-ons offer enhanced financial protection and can be easily added to your Universal Sompo health insurance policy while buying or renewing online. Choose wisely based on your life stage, medical history, and future health risks.
How to Calculate
Health Insurance Premium?
Understanding how your health insurance premium is calculated can help you choose the right policy that balances affordability with adequate coverage. Universal Sompo offers an easy-to-use online premium calculator that gives instant premium estimates based on your inputs.
Key Factors That Affect Premium Calculation
01. Age of the Insured
Older individuals usually attract higher premiums due to increased health risks.
02. Location
Healthcare costs vary by city. Urban areas like Mumbai or Delhi may have higher premiums than smaller towns.
03. Coverage Amount (Sum Insured):
Higher coverage means more protection and a higher premium.
04. Medical History
Pre-existing conditions or lifestyle habits like smoking may increase your premium.
05. Policy Type
Individual plans, family floaters, and add-ons like maternity or critical illness cover can also impact your overall premium.
Using Universal Sompo’s Premium Calculator
Our health insurance premium calculator lets you:
- Enter your age, location, and family details
- Select the type of plan and add-ons
- Instantly view the premium and customise it by adjusting the coverage or riders
This tool ensures transparency and helps you make an informed decision before buying your policy online.
Tips to Keep Premiums Affordable
- Buy Early: Younger applicants enjoy lower premiums.
- Opt for Family Floater: A single policy for the family can be more cost-effective.
- Choose Higher Deductibles: Paying a small portion of medical bills out-of-pocket lowers your premium.
- Maintain a Healthy Lifestyle: Avoiding tobacco and staying fit may lead to lower premiums (Subject to insurer underwriting guidelines).
With Universal Sompo, calculating your health insurance premium is quick, transparent, and designed to help you find the right plan at the right price
How to Renew
Health Insurance Online?
Renewing your health insurance policy on time is crucial to maintaining uninterrupted medical coverage and retaining benefits like the No Claim Bonus (NCB). Universal Sompo offers a seamless and user-friendly online medical insurance renewal process.
Renewal Window & Grace Period
Health insurance policies are typically valid for one year. You can start the medical insurance renewal process 30 to 45 days before the policy expiry. The grace period for payment of the premium for all types of insurance policies shall be: fifteen days where premium payment mode is monthly and thirty days in all other cases. Provided the insurers shall offer coverage during the grace period, if the premium is paid in installments during the policy period.
Step 1
Visit the Universal Sompo Health Insurance page
Step 2
Click on the “Renew Now” button
Step 3
Enter your policy number
Step 4
Review your existing plan details and make changes if needed
Step 5
Increase your sum insured.
Step 6
Pay securely online using credit/debit cards, net banking, or UPI.
Step 7
Receive instant policy confirmation and download your renewed policy.
Additional Tips
- Enable auto-renewal so you never miss a due date.
- Set SMS/email reminders for upcoming renewals.
- Renewing before expiry ensures continuous coverage and protects your No Claim Bonus (NCB).
Stay protected—renew your health policy with Universal Sompo easily and securely in just a few clicks.
Health Insurance Plans For All Your Loved Ones
Compare Health Insurance Plans For For A Healthier You
Premium Features
Standard Features
Additional Benefits - Hospital Daily Cash (for accompanying an Insured child)
- Complete HealthcareSuper
HealthcareArogya Sanjeevani All Hospitalization, including for Coronavirus
Pre/Post Hospitalization
Emergency Assistance Services
Mother and Child Care
Wellness Package
Road Ambulance Charges
ICU Room Unit
Save Tax on Health Insurance
Health insurance in India is a tax-saving investment Under the Income Tax Act of 1961, you can claim deductions for health insurance premiums paid for yourself, your spouse, and your dependent parents and children each year. This provides a health insurance tax benefit by reducing your overall tax liability. Under Section 80D of the Act, you can get a tax deduction of up to ₹25,000 for health insurance premiums paid. This amount increases to ₹50,000 if you are a senior citizen or if you make payment for your parents who are senior citizens. You also get ₹5,000 for preventive health check-ups.
Mediclaim Vs. Health Insurance
Selecting a health Mediclaim is a type of health insurance policy, but there are some key differences between the two:
Coverage
Mediclaim policies cover hospitalization expenses, while health insurance policies can cover pre- and post-hospitalization expenses, outpatient treatments, preventive care, critical illnesses, and more.
Ambulance charges
Mediclaim policies do not cover ambulance charges, but health insurance policies do cover them up to a limit.
Flexibility
Health insurance plans are more flexible and can be customized. But, mediclaim policies are less flexible.
Cost
Mediclaim policies are more affordable than health insurance policies.
Health Insurance Eligibility Criteria
| Details | Eligibility Criteria |
|---|---|
| Previous Medical Conditions | While buying a mediclaim policy, you have to be honest enough to declare all your pre-existing illnesses. These illnesses need not be your usual fever, flu, or headaches. However, if in the past you have ever been diagnosed with any disease, birth defects, undergone surgery, or cancer of any severity it is important to inform your medical insurance company. Because many ailments are listed under permanent exclusion, few are covered with a waiting period and few others are covered by charging an additional premium with a waiting period. Also Read: Should you disclose pre-existing illnesses while buying health insurance? |
| Age | Entry Age of the Proposer-Minimum 18 years – Maximum 75 years Entry Age of the Children: Minimum 91 day - Maximum 25 years. |
Health Insurance Claim Process
Wellness Corner
