Medical inflation is 14%.

Health insurance is a contract where the insurer covers your medical and hospitalisation expenses in exchange for a premium. With medical inflation at 14% annually in India, a single hospitalisation can cost ₹5–15 lakhs – health insurance ensures this doesn't wipe out your savings.

For individuals, ₹5–10 lakhs is a good starting point. For families, ₹10–25 lakhs is recommended depending on your city and family size. In metro cities, consider ₹25 lakhs or more to account for higher hospital costs.

Cashless hospitalisation means the insurer directly settles the bill with the hospital, so you don't need to pay upfront. This is available at network hospitals listed by your insurance provider.

A family floater plan covers your entire family – spouse, children, and sometimes parents – under a single sum insured. It's more affordable than buying individual policies for each member.

Yes, but after a waiting period – typically 2 to 4 years depending on the insurer and policy. After this period, your pre-existing conditions are fully covered.

Yes, if you file under the old tax regime. Under Section 80D (section 126 from tax year 2026-27), you can claim up to ₹25,000 for self and family, and an additional ₹50,000 for parents who are senior citizens – saving up to ₹23,400 in taxes annually.

Co-payment is the percentage of the claim amount you agree to pay from your pocket. For example, a 10% co-pay on a ₹5 lakh claim means you pay ₹50,000. Lower co-pay means higher premiums.

NCB is a reward for not making claims during a policy year. Your sum insured increases by 10–50% for each claim-free year, without any increase in premium – essentially free extra coverage.

Yes, IRDAI allows portability at renewal. You can switch insurers while retaining benefits like waiting period credits and no-claim bonus. IRDAI's Master Circular on Protection of Policyholders' Interests (5 September 2024) asks you to apply to the new insurer no earlier than 60 days and no later than 30 days before renewal; nyvo research (September 2026) suggests applying 45 to 60 days before your renewal date, so the new insurer can finish underwriting before the old policy lapses.

A super top-up activates after your base policy's sum insured is exhausted. For example, if you have a ₹5L base plan and a ₹20L super top-up, the top-up kicks in for expenses above ₹5L – giving you ₹25L total coverage at a fraction of the cost.

Restoration benefit refills your sum insured if it gets exhausted during the policy year. If you use your entire ₹10L cover, it gets restored for subsequent claims – crucial for families on floater plans.

Some policies cover maternity – including delivery, C-section, and newborn care – but typically after a waiting period of 2–4 years. Not all plans include this, so check before buying.

Yes. Many insurers offer plans for people up to 65–80 years of age. Premiums are higher, and there may be co-payment clauses, but coverage is available and highly recommended for seniors.

nyvo provides unbiased, expert guidance from IRDAI-certified salaried advisors – no commission pressure. We compare plans across 30+ insurers, help you find the right coverage, and provide lifetime claims support.