Health Insurance In India ?
Healthcare expenses are increasing at a rate higher than medical inflation, and that is why it is a must for everyone to have a health insurance plan, which not only helps you to save your emergency funds and your lifetime savings in case any medical emergency occurs to you or your near and dear ones but also helps you to deal with rising medical costs.
Experts believe that a health insurance policy must be a part of your financial planning, and it should be purchased early when you are young and responsible to stay safe and secure. Investing in a health insurance plan at an early age also provides numerous advantages, such as better health insurance coverage, lower premium rates, no medical tests, and so on.
What is Health Insurance?
Health insurance is a type of insurance that covers the medical expenses of the insured due to an illness or accident in exchange for a premium amount. It enables the insurance company to provide medical coverage for hospitalisation expenses, daycare procedures, critical illnesses, etc. A health plan also offers multiple benefits, including cashless hospitalisation and free medical check-ups.
Health Owners Insurance Policy
In the context of businesses, this concept transforms into what is known as group health insurance.
Business owners, groups of persons, and cooperative societies are paying health insurance premiums for their employees, members, etc. as a welfare action.
Types of health insurance
There are several types of health insurance policies in the Indian health market that help you save that extra burden on your pocket.
- Individual Health Insurance :- It is suitable for individuals.
- Family Health Insurance :- Self, Spouse, Children, and Parents The entire family can be covered.
- Critical Illness Insurance :- It is specialised for more expensive illnesses.
- Top-Up Health Insurance :- It is beneficial when the sum insured by the existing policy gets exhausted.
- Group Health Insurance :- It is suitable for groups like employees, workers, members, etc.
- Unit Links Health Insurance :- It is linked to the share market. It gives you dual benefits from insurance and investment.
- Other than the above, there are many more types of health insurance in India.
Adding Value to Your Health Insurance Policy
These 'value-added services' or 'wellbeing services' are designed to provide customers with a range of emotional and practical support services throughout the life of the plan.
- Annual Health Checkup
- Bereavement counselling
- Mental health support
- Nutritional Support
- Fitness Services
- Other than the above, there are much more riders with the health insurance policy in India.
Here we are advising the policyholder to check with your health insurance policy provider about the details around you for available riders.
Health Insurance Claim
Health insurance claims are primarily of two types: cashless and reimbursement claims. Out of the two, cashless claims are the one that is preferred by customers.
There is no limit on the number of claims in your health insurance policy.
With a convenient claim process for your health insurance policy, you can now register your claim online, upload the necessary documents, and know the status instantly.
How can I get this type of insurance?
It is an easy way. Go to Contact on this website and select Contact way as suitable to you. We are here for you.