One of the biggest and less known advantage of holding American Express Credit Card in India is their Insurance Offers. I’ve been availing their Car Insurance benefit for past 2 years and have saved over 35% on premium compared to the regular rate in the market.
But I’ve never checked their health insurance offers in the past as I was quite ignorant about the world of health Insurance. When I recently checked their Insurance offer, I was surprised that I’ve been missing out on this for years. If you’re new to Amex Health Insurance, here’s everything you need to know.
Amex Health Insurance Offers
Amex has multiple customised health insurance plans with wellness benefits with covers ranging from 5L to 1Cr based on the needs of its cardholders. The smaller/individual covers upto 10L are provided by ICICI Lombard, while the high covers are provided by Bharti AXA.
Among the two, I see the ICICI Lombard offer is very attractive (for my needs) and that’s what I opted for. While the similar insurance plan is also available with ICICI Lombard, there are certain advantages if you go through Amex.
- OPD Benefit (Covers Specs)
- Dedicated Helpline
- Priority claims processing
- No TPA
The most important benefit according to me is OPD benefit which is very rare and especially as the expense on spectacles (lens part of the bill) is covered, the plan fits perfectly for me.
You may also get your Gym/Yoga & other doctor consultation bills re-imbursed as a part of OPD benefit. Remember, the direct ICICI policy doesn’t have the Spectacles benefit.
So I went for the 10L Cover that costs me ~Rs.14,700 p.a. (varies with age) with Rs.10,000 OPD benefit. Now that’s like paying Rs.4,700 for 10L cover. It gets even better if you fall under high income tax slab as the amount you save under tax deduction would be significant.
To get the Amex Health Insurance Policy, all you need to do is call the Amex Insurance line. They’ll do the formalities and charge the card directly in ~2 days. The process is usually quick and you get the documents both soft copy & hard copy within 10 days.
The ICICI Lombard Health Care card is bit simple and feels cheap. I wish it looks more premium. Yup, first world problems 😀
I’ve been ignoring health insurance for long time and finally I’m more than happy to find the best ever offer that fits my needs. Even-though I know that I can get better rates by going with ICICI Lombard directly, I went through Amex for the unique OPD benefit and the peace of mind that American Express offers.
This offer is limited to American Express Primary Cardholder & his/her family.
Just incase if you are not in the Amex ecosystem yet, here are some of cards worth applying,
Do you have Health insurance from Amex or from any other providers? Feel free to share your experiences in the comments below.