Health insurance
What is health insurance?
A health insurance is a coverage for medical expenses
in case of medical emergencies.
Health insurance policy provides a cashless treatment
for the health insurance policy holder and health insurance policy has a
benefit of reimbursement of medical expenses.
Why health insurance plans are important?
A health insurance plan is must these days because of
not having healthy lifestyles. As health insurance covers the entire family of
the insured incase of ill health or accident.
In addition to this, health insurance provides tax
savings benefits on health insurance premiums, the government is encouraging
everyone to buy a health insurance policy and avail tax benefits under u/s 80D.
Currently tax benefit of up to Rs 25,000 is allowed
under u/s 80D for health insurance premiums for individuals below 60 years and
parents above 60 years are allowed additional tax benefits of Rs 50,000 or
incase of you and your parents both are
above 60 years, allowed tax benefit of Rs 1 lakh.
Best Health Insurance Plans
following are the best health insurance plans in india
|
Care Health Insurance (earlier called as Religare Health insurance) |
|
HDFC Ergo Health insurance (Earlier called Apollo Munich) |
Types of Health Insurance Plans
Health insurance plans are as given below
-
Individual health insurance plan:
Individual health insurance plans
have coverage of cashless hospitalization, amount reimbursement, coverage of
financial expenses incurred on pre and post hospitalization. Individual health
insurance plans comes with add-on to cover basic health insurance and other
expenses at a very affordable premium fees.
-
health insurance plans for family
family health insurance plans covers
entire family under which defined sum insured is divided equally among each
family members. With a family health insurance each member of the family covers
the expenses of health under one premium.
-
Senior citizen health insurance
plans:
Senior citizen health insurance plans
are meant for people of age 60 and above, health insurance for senior citizens
covers pre and post hospitalization expenses, in addition to that it also
covers tax deduction benefits and daycare procedures.
-
Critical Illness Insurance plans:
In case of critical illness, the
policy holder covers with the lumpsum amount defined in the critical illness
insurance policy. Critical illness such as kidney failure, paralysis, cancer,
heart attack and so on.
-
Maternity health insurance plans:
The maternity health insurance plans cover
the expenses incurred before and after the maternity period. Some maternity
health insurance providers also cover the expenses of vaccination of a newborn
baby. Maternity health insurance also covers the transport expenses from home
to the nearest hospital.
-
Personal accident insurance cover:
The personal accident insurance plan
covers an expense incurred when the individual met with an accident and due to
which the individual is disabled or in case of individual’s death. A fixed
amount of benefit will be provided incase of loss of income.
-
Group health insurance plans:
Usually, group health insurance plans
are purchased by the employers for their employees. the health insurance
offered by the employer covers hospital expenses of the employee and his family
members including spouse, children or parents. As an employee you need not to
pay health insurance premium.
benefits of health insurance in india
-
a health insurance policy bears an expense
of a hospital in case of health-related issues.
-
It reduces your hospital expenses
going out of your pocket by the cashless and network of hospitals.
-
In any situations like a pandemic
outbreak health insurance is necessary.
-
Those who are planning to have a
family can have a health insurance to cover maternity and newborn baby
expenses.
-
If you have a medical insurance
policy, you can reduce the cost of major surgeries such as liver transplant,
open-heart surgery, cataract surgery etc.
-
Medical emergency can drain out your
savings. Having a health insurance for family leaves you and your family peace
of mind.
-
If you are confused with which health
insurance policy to buy then you can buy a standard health insurance called
Arogya Sanjeevani health insurance policy, it also covers COVID – 19 treatment.
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Cashless medical treatment.
-
Pre and post hospitalization expense
coverage.
-
Ambulance fees
-
No claim bonus (NCB)
-
Room rent: if your health insurance
policy covers the room rent up to 2000 and your room cost incurred is 3000 then
the difference amount i.e. 1000 you have pay from your pocket.
health insurance renewal
Health insurance is usually a yearly
contract, means after every year as the health insurance get expires, health
insurance has to be renewed otherwise the health insurance policy holder will
lose the benefits of medical claims.
health insurance claim
a health insurance claim is nothing
but the health insurance policy holder ask for claim to the insurer in the
event of ill health. A health insurance policy holder can get reimbursed or can
claim cashless treatment.
- Documents required for health
insurance claim
-
Discharge card issued by the
hospital.
-
Hospital bills duly signed by the
insured.
-
Doctor’s prescriptions and pharmacy
bills.
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Claim-form with insured’s sign.
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Investigation report
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Bills of doctor’s consultation
-
Copies of insurance policy from the
previous year and current year
health insurance plan online
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Easy access to every medical
insurance policy available
-
Saves policy buyers from agents
-
It saves lot of time by comparing
varieties of plans
-
Comparison between plans can be made
very easily.
calculate health insurance premium
in order to keep your health insurance active, you
have to make a payment of fixed premium. Health insurance premium amount is
depending upon certain criterion such as medical background of your family,
your personal medical health history etc.
considering all these factors you can calculate your
health insurance premium by using health
insurance premium calculator. Premium calculator shows the amount
to be paid by you depends upon the information provided. Here
you can calculate your health insurance premium very easily.
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