Stand-alone health insurance refers to an insurance product that a business or individual purchases to cover a specific risk or cost.
Generally, pre-existing diseases are excluded under a Health Insurance policy. Further, the policy would generally exclude certain diseases from the first year of coverage and also impose a waiting period.
It is a medical condition/disease that existed before you obtained health insurance policy, and it is significant, because the insurance companies do not cover such pre-existing conditions, within 48 months of prior to the 1st policy.
Consumer VOICE has chosen seven insurance plans based on consumer feedback and product structure. These are Aditya Birla, Religare Health, Reliance Health, Apollo Munich, Cigna TTK, Max Bupa, Star Health.
The parameters covered include Minimum and maximum entry age, minimum and maximum sum insured, pre- and post-hospitalisation expenses coverage in terms of days, day-care procedures (numbers), ambulance cover per hospitalization, daily cash, pre-existing diseases cover (waiting period), provision for free health check-up, and policy tenure.