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American Categorical Well being Insurance coverage – Assessment – CardExpert


Amex Well being Insurance coverage (Picture: Amex)

One of many greatest and fewer identified benefit of holding American Categorical Credit score Card in India is their Insurance coverage profit. I’ve been availing their Automotive Insurance coverage profit for previous 3 years and have saved over 30% on premium in comparison with the common charge available in the market (replace: now moved to Acko).

However I’ve by no means checked their medical insurance presents previously as I used to be fairly ignorant about it. After I lately checked their Insurance coverage provide, I used to be stunned that I’ve been lacking out on this for years. In case you’re new to Amex Well being Insurance coverage, right here’s every part it’s good to know.

Well being Insurance coverage Plans

Amex has a number of customised medical insurance plans with wellness advantages from completely different suppliers – covers starting from 5L to 1Cr primarily based on the wants of its cardholders.

The smaller/particular person covers upto 10L are supplied by ICICI Lombard, whereas the excessive/household covers are supplied by Bharti AXA. The insurance coverage suppliers might maintain altering now and again.

Among the many obtainable two, I see the ICICI Lombard provide to be very engaging (for my wants) and that’s what I opted for. 

Whereas the same insurance coverage plan can be obtainable with ICICI Lombard, there are particular benefits should you undergo Amex.

Amex Benefit

  1. OPD Profit (consultations, medicines, lab assessments) 
  2. Devoted Helpline
  3. Precedence claims processing
  4. No TPA
  5. Word: Covid-19 Hospitalisation bills are coated as effectively

A very powerful profit in response to me is the OPD profit which could be very uncommon to search out available in the market.

Warning: Fitness center, Yoga, spectacles & Dental remedies are not coated beneath OPD profit.

Nonetheless, Lab assessments are very a lot coated. So Ideally you can use it for reimbursement of physician consultations & annual blood check studies.

The right way to get it?

  • E-mail: insuranceservices [at] aexp.com
  • SMS: HLT to 5616166
  • Name: 0124-4405500 (Monday to Saturday) 9:30 am to six:30 pm

To get the Amex Well being Insurance coverage Coverage, all it’s good to do is name the Amex Insurance coverage line. They’ll do the formalities and cost the cardboard immediately in ~2 days.

The method is normally fast and also you get the paperwork each smooth copy & arduous copy inside 10 days. That is all completed on-line by way of direct Amex on-line sourcing.

Other than this, Amex additionally began promoting medical insurance by way of offline medium (particularly throughout pandemic) and surprisingly the premium would possibly differ a bit from on-line vs offline quotes (as I noticed that with automotive insurance coverage).

So I believe its higher to go along with on-line quote as that’s what I see as lowest.

My Expertise

So I went for the 10L Cowl that prices me ~Rs.14,700 p.a. (varies with age) with Rs.10,000 OPD profit. Now that’s like paying Rs.4,700 for 10L cowl. However after covid it has now modified to 17,000 INR.

In case you fall beneath larger revenue tax slab the savinfs beneath tax deduction could be important. 

The ICICI Lombard Well being Care card is bit easy and feels low-cost. I want it seems extra premium. Yup, first world issues 😀

Bottomline

I’ve been ignoring medical insurance for very long time and at last I’m completely happy to discover a plan that matches my wants. Whereas I not discover it profitable as earlier than, it’s nonetheless the most effective should you’re searching for OPD.

And going by American Categorical normally provides the peace of thoughts.

These plans are restricted to American Categorical Main Cardholder & his/her household. Simply incase if you’re not within the Amex ecosystem but, listed below are a few of playing cards price making use of,

Do you may have Medical insurance from Amex or from another suppliers? Be at liberty to share your experiences within the feedback beneath.

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