Health Insurance
A contract is signed between an insurance company (insurer) and the policyholder (insured) enforceable in the court of law. Health Insurance covers all expenses of medical incurred on accident, surgeries, hospitalization, day care procedures, etc. This policy is either reimburses the costs of medical or even it offers cashless treatment. An insurance company pays an amount toward expenses of treatment.
Apply Now Contact UsHealth Insurance Plans in India: Key Benefits
Depending on the plans, health insurance offers a variety of health benefits to its subscribers. The key benefits that Indian health insurance plans offer include:
Hospitalization Expenses
Medical expenses for an inpatient stay over 24 hours are covered by a health insurance plan. In addition to room rental and doctor's fees, diagnostic testing fees are also included.Pre & Post Hospitalization Expenses
You are covered for the medical expenses you may have incurred during your illness prior to admission to the hospital and the subsequent treatments you receive after leaving the hospital.
ICU Charges
In addition to hospitalization, health insurance plans typically pay for ICU treatment.Ambulance Cost
Emergency medical assistance offered by ambulances to reach the nearest hospital is covered by it.Cashless Treatments
Cashless treatment is available at any of the hospitals in an insurance company's network in India.Day Care Procedures
As well as covering day care services that require less than 24 hours of hospitalization, this policy covers night care services.Buying Health Insurance: Factors To Consider
To buy the best health insurance, consider these factors carefully:
Coverage Scope
You can claim certain types of illnesses and surgeries during the policy term based on the type of coverage and the sum insured.
Insured Amount
The insured amount plays a significant role in choosing the right insurance policy. Larger insured amounts mean better coverage.
Policy Type
Medical insurance policies in India can entail a wide variety of coverage. It is up to you to select the one that best suits your needs.
Waiting Period
As soon as the initial waiting period is over, your health insurance policy takes effect. A minimal waiting period is available for some plans.
Co-payment
Several insurance policies contain clauses that require certain percentages of the claim amount to be borne by the you (insured).
Renewability Option
It is beneficial to consider adding an option for lifetime renewal when buying a health insurance plan.
Cashless Network
You can also file a cashless claim at any one of the hospitals that is on the insurance company's list of network hospitals.
Rent Sub-limits
It's also possible to have various sub-limits in a health insurance plan, but the ones that typically apply to room rent are the most prevalent.