Health Insurance Plans and benefits
Plans and Benefits
Insurance is embodiment of prepardeness offering a safety net when life takes an unexpected turn
Health Insurance is most important than life insurance these days. There are more Health Insurance companies than Life Insurance companies these days. As the population increased, health conditions had started coming down from normal levels. Health Insurance plans collect charges as per the coverage they give to an individual or a family for 2 adults and 2 single, senior citizens etc.
Health insurance plans
Life Insurance
Life Insurance plans would cover life and in case of total disability or death, compensation would be paid. If it is an Endowment plan, guaranteed returns would be paid at the end of the maturity period.
Health Insurance
Health Insurance provides in hospitalization due to any illness or accidental injury. This plan covers many things like cashless treatment, Daycare treatments, Domiciliary Hospitalization, Pre- and post-hospitalization covers, Ambulance cover, Daily allowance etc.,
Personel Accident
Personal Accident cover is very cheap and very beneficial. In case of accidental death, an immediate sum assured would be paid. This plan also offers benefits for the child in case of the death of the policyholder. Total disability, partial disability covers are also available under this plan
Critical illness
Critical Illness cover is considered to be a blessing for many. This plan offers a lump sum payout in case of any specified illness is diagnosed. As compensation of onetime lump sum payment would be made immediately to the policyholder. The amount can be used for the treatment of the disease or for any expenses as per policyholder wants.
Benefits of Health Insurance
Cash Free Treatment
If the policyholder gets admitted to an approved hospital, cashless treatment would be available otherwise immediate payment has to be made and bills may be r reimbursed from the Health Insurance company.
Annual Health Check-up
Most of Health companies offer free health checkups after one year to their customers. This helps companies to retain their clients for a long time.
Coverage for Pre Existing Disease
Most of the Health Insurance plans that cover the pre-existing disease is also covered after four continuous year renewals. In some companies, after 2 years also this coverage is available.
Ambulance Claim
All Health Insurance policies cover Ambulance charges for the transportation of the insured person.
No Claim Bonus
If the policyholder does not use the policy coverage and no claim in a particular year, a bonus of 5 to 20 % as per policy conditions are added to the basic cover of the policy
Maternity Coverage
Very few companies cover maternity benefits with a 2 to 3 years waiting period. A good benefit offered by Health Insurance companies.