WHAT ARE MY HEALTH INSURANCE BENEFITS? Investment in health insurance plan is investing for the protection and wellness of its members and their family health, depending upon the plan opted for.
HEALTH INSURANCE BENEFITS
HEALTH INSURANCE BENEFITS
Investment in health insurance plan is investing for the protection and wellness of its members and their family health, depending upon the plan opted for. The word ‘protection’, here, means the financial security in case of an unexpected or exigent situation. The word ‘wellness’ stands for the recommendation or advice offered to clients by experts. In case of exigencies, members can rely on the insurance company to endure expenses. But, it is always advisable to buy from the leader as they are worth relying on.
1. Cover for Life-Threatening Critical Illnesses
The fixed pre-defined benefit type of medical insurance policies provides a fixed lump sum payment upon diagnosis and confirmation of certain critical illnesses like cancer, stroke, paralysis, kidney failure, etc. Irrespective of the actual amount spent by the insured, he or she receives the lump sum amount which can be used to fund rehabilitation, recuperation, lifestyle adjustment, etc.
2. Get Allied Benefits
Healthcare system in India has evolved with preventive health check-ups and improved diagnostics. Certain progressive insurance companies offer benefits that are generally not associated with health insurance policies. Some such benefits are:
Consultation with nutritionists
Free health check-ups
Tie-ups with health service providers
Free Consultation with doctors
Discounts Coupons on healthcare services
Rising healthcare costs can punch a big hole in one’s pocket. Paying a small health insurance premium is the simplest way to mitigate the financial losses and to achieve peace of mind.
Easy Health Plan
The pre-hospitalization facility provides coverage to charges that one incur 30 days before he/she is hospitalized. The same can be increased to 60 days if informed early.
Depending upon the terms and conditions of the policy, post-hospitalization offers covers to expenses incurred for a specific number of days after discharged from hospitals. It may be for 60 days to 90 days, depending upon the situation and the company norms.
If a member does not claim for the money in the entire year, he/she is entitled to get a bonus up to some percent, subject to terms and conditions.
Tax benefits
Critical illness coverage
Personal Accidental Plan
In case of death due to an accident, the family members of the insured are entitled to the lump sum payment.
In the case of disablement, there is a specific scale, which measures the amount to be paid with respect to the physical loss incurred.
In case of accidental death or permanent disablement, health insurance will reimburse the amount incurred in transportation of one immediate family member to the hospital, subject to terms and conditions
Health insurance companies provide its members of the charges spent on the transportation of mortal remains of an insured either to his/her residence or to a burial ground.
In case of an emergency, they provide members the expense incurred on an ambulance for transfer of an insured in the nearest hospital.
Other importance includes:
Transportation of medicines
Purchase of blood
Travel insurance
Lost luggage assistance
Pre-trip information services
Lost passport assistance
Embassy referral
Emergency cash advances
Medical services provider referral
An arrangement of appointment with local doctors
Interpreter referral
An arrangement of emergency medical reparation
Monitoring of medical conditioning during hospitalization
Medical advice on telephone
An arrangement of reparation of mortal remains
CONCLUSION
Availing health insurance to one’s self is very crucial, this is because of its importance for the present and future occurrences, in order to save one’s self from worries of hospitalization.
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