Health Insurance
Health insurance takes care of your medical expenses and ensures that out-of-pocket expenses are curtailed up to the Sum insured A health insurance policy ensures that you can avail cashless treatment at a network hospital, typically covering 30 days and 60 days pre and post hospitalization, respectively, in most of the Health Insurance plans. One can add value to the Base Health Insurance Plan by complementing them with additional benefits such as Personal Accident (PA) Cover, Critical Illness (CI) Cover, etc. These products are available at a very nominal cost adding benefits, which are not a part of the Base Health Insurance plan. For Example, A PA plan helps by providing coverage for disability, which is typically not covered under the basic health insurance plan. An individual needs not go through any waiting period and medical checkups for a PA cover One can also invest on one of the popular senior citizen health insurance policies and ensure comprehensive security for their elderly parents or secure their old age that often brings along several ailments that require expensive medical treatment Almost all the health insurance plans include Coronavirus treatment cover. As per the IRDAI guidelines, insurers have also launched COVID-19 specific best health insurance Two special COVID health insurance policies namely, Corona Rakshak policy and Corona Kavach policy also introduced that provide lump sum payment upon diagnosis and also pay for the cost of consumable items like PPE Kits, Masks, Gloves, etc.
Benefits of Health Insurance
Health Coverage Health Insurance plans have enhanced offerings to cover a wide spectrum of requirements, like a family health plan offers complete cover to all members of a family under a single umbrella. Medical Bills:
Coverage against medicinal expenses incurred, including pre and post hospitalization Pre-existing Diseases: Coverage for any pre-existing disease is provided to you after a certain waiting period.
Claim Reimbursement:
Coverage for expenses incurred for hospitalization due to a medical
Tax Rebate:
Annual premium paid for health coverage are subject to tax exemption u/s 80D of ITA, 1961. Tax exemption ranges from Rs. 25,000 to Rs. 75,000. Tax benefits are subject to changes in tax laws.
Other Benefits:
As an innovative feature, OPD expenses are now covered under few Insurer plans and don’t require hospitalization for minimum 24 hours for claim reimbursement. Standalone OPD plans are also available in the market. Key Points to Remember when Comparing Health Insurance Sum Insured Amount Policy premium to be paid to avail the coverage benefits List of network hospitals and Claim Settlement Ratio Sub-limits (if any) and Waiting Period (for PEDs) Co-payment clause *Disclaimer
Health Insurance (COVID-19 Covered)*
Start Your Health Insurance Journey Today! Health insurance policy is a product that protects you against the financial implications of a wide variety of health-related expenses, ranging from those caused by minor illnesses and injuries to critical diseases. Therefore, health insurance plans and the cumulative Bonus serve as a protective financial shield for you should you be faced with a major medical expense. Selecting a suitable medical insurance is difficult yet incredibly important for you to have a sufficient degree of preparedness against any sudden and, in some cases, expected medical expenses. Imagine a scenario wherein you are diagnosed with a serious medical condition that requires consistent treatment, hospitalisation, and/or surgery. Or simply take the example of the spread of COVID-19 in India and imagine the various expenses you may have to look after if diagnosed with a COVID-19 infection In such a situation, you would not want to let your medical bills dig a massive hole in your savings or be faced with a financial crisis to pay said bills, will you? Hence it is pivotal to buy a suitable health insurance plan, choose the right sum insured, pay the applicable premium and get insured at the earliest, and we can help you with that.
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