Everything you need to know about health insurance in Mumbai

Mumbai’s fast-paced lifestyle, long commutes, unpredictable weather and constant stress can take a toll. In a place where time is always running and medical costs can rise just as fast, having the right health insurance is a necessity.

With a wide range of plans available, choosing the right health insurance in Mumbai can make all the difference to your peace of mind and long-term well-being.

Why do you need health insurance in Mumbai?

Key reasons why health insurance is a must-have for Mumbai residents include:

1. High lifestyle disease rates: Mumbai’s fast-paced urban lifestyle often comes with long working hours, irregular eating habits, limited physical activity and high stress levels. Over time, this leads to a growing number of lifestyle-related illnesses such as diabetes, hypertension, heart disease and obesity.
2. Vector-borne diseases: Frequent floods and stagnant water make dengue and malaria common. While some cases are mild, severe infections can lead to hospitalisation or even require ICU care.
3. Rising cost of healthcare: A 2023 report revealed that healthcare expenses in India have doubled over the last five years. Mumbai is among the most expensive cities in India when it comes to medical treatment. Health insurance helps cushion these costs, ensuring you get quality care without draining your savings.
4. Unexpected emergencies: Accidents and sudden illnesses can occur at any time. With the high cost of living in Mumbai, managing out-of-pocket costs during an emergency can be challenging.

Benefits of health insurance in Mumbai

Here are the key advantages of health insurance in Mumbai:

Types of health coverage in Mumbai

The types of health coverage available in Mumbai are:

• Individual health insurance plan: Ideal for people who want personal coverage. The premium depends on age and gender.
• Family health insurance plan: Perfect for families, this plan covers everyone under a single policy. This plan is affordable, offers good coverage and its benefits are comparable to the best health insurance policies.
• Senior citizen health insurance: Designed for individuals above 60, it covers pre-existing illnesses and regular medical treatments, making it a suitable option for elderly parents.
• Critical illness insurance: This coverage protects against serious conditions, such as cancer or heart disease and provides a lump sum payout.

How to buy/renew health insurance in Mumbai?

Simple steps to purchase the health insurance policy:

1. Visit a trusted health insurance website and navigate to the ‘Health’ option.
2. Select who you want to include in the plan: yourself, spouse, kids, or parents.
3. Click on ‘Get Plan’ and enter your birthdate, mobile number, email and pincode.
4. Analyse the plans, add-ons and terms and conditions carefully.
5. You’ll see the premium amount. If everything appears satisfactory, proceed with the payment.
6. Your policy document will be sent to your registered email.

Now, if you want to renew your health insurance:

1. Go to the official health insurance website and navigate to the ‘Renew’ option.
2. Enter your policy number and other details.
3. Review your current plan and add any extra covers if needed.
4. Proceed to payment.

How to make a health insurance claim in Mumbai?

Here’s how you can make a health insurance claim in Mumbai:

1. Cashless Claim:

• Visit a hospital that is covered under the insurer’s network of hospitals.
• Inform the insurance desk and provide all necessary information and documents.
• The hospital fills out the form and forwards it to the insurer. The insurer must provide approval.
• Once treatment is done, the insurer will directly settle bills with the hospital as per your health insurance policy

1. Reimbursement Claim:

• Get treated at any hospital and pay upfront.
• Collect all medical bills and receipts.
• Initiate a reimbursement claim online.
• Upload or submit these documents.
• After verification, the insurer will refund the amount covered by your medical insurance in Mumbai.
• You can also visit the insurer's branch or call the helpline.

Conclusion

Life in Mumbai can be uncertain, but your health insurance plan shouldn’t be. With the best health insurance policy in Mumbai, you can stay prepared for emergencies and make sure you and your loved ones are always protected.

FAQs

• What is the correct age to buy medical insurance in Mumbai?

The moment you start earning a regular income, consider getting health insurance. Getting medical insurance early can save you money.

• What type of health insurance is best for families in Mumbai?

A family health insurance plan is ideal for Mumbaikars. It covers all members under one policy, offers affordable premiums and provides access to cashless treatment, making it a smart and budget-friendly choice for households in the city.

• How to select appropriate health insurance in Mumbai?

Choose a plan with adequate coverage, a strong network of hospitals and easy claim procedures. Consider your age, health needs and family size before selecting.

Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.