Different features available in health insurance are as follows:
- Individual cover as well as family floater
- Cashless hospitalization
- Pre and post hospitalization
- Ayush Cover
- Domiciliary hospitalization
- Ambulance cover
- Organ donor cover
- Lifelong renewability
- Annual health checkup
- No claim bonus
- Portability with continuation benefits
- Tax benefit under section 80 D of the Income Tax Act,
- Red carpet product for senior citizen, without medical test upto 70 years of entry
- Cardiac Cover( already diagnosed with cardiac ailment)
- Diabetic cover
- Pre -existing disease covered after stipulated time.
- Reload of Sum Insure
- Top-up cover, upto 2 Cr
- World wide/Global coverage
- No room rent capping
Health Insurance / Medical Insurance / Medicaid Insurance are different terms used in the market.
Health is wealth and one of the most valuable assets so it is important to get it insured. It is always good to be healthy, but unfortunately we may fall sick or we may get affected with serious illness which costs lot of money and a individual cannot afford, so health Insurance protects and provide financial aid towards medical treatment. It helps in getting quality medical facilities without putting a financial burden on the policy holder or his/her family.
Health Insurance plan is offered by insurance companies that covers all costs related to medical expenses of the insured in case of an emergency. it can be bought for an individual or for an entire family.
It helps in getting quality healthcare in India and abroad as otherwise cost of growing quality medical treatment remains a barrier for many people. By not taking a health insurance one takes a huge risk, as in modern life poor eating habits and busy lifestyle are wreaking havoc on people’s health. Today,medical treatment has tremendously advanced in India and people can avail world class treatment in hospitals but at the same time some treatments can be extremely expensive.So to avoid dipping into your savings or taking loan for financial assistance it is best to invest in health insurance.
According to WHO statistics 31% and 41% of the hospital admission in urban and rural India respectively are either finance by loan or through sale of assets. Therefore it is one of the most important risk which needs to be covered.
In order to take a health insurance policy an individual pays a fixed sum called as Premium every year and gets risk coverage against expenditure caused due to medical emergencies.