Think of a helping hand that may offer you financial support in a medical emergency. With health insurance, you may receive top-notch care without worrying about your money and several health insurance benefits. Simply put, it’s a contract between an insurance company and the policyholder in which the provider commits to pay for your medical costs.
The need to purchase a health plan for yourself and your family results from the ongoing medical industry inflation. It can be your salvation in the event of any medical emergency.
A standard health plan covers a variety of charges, including those related to doctor visits, medical exams, hospital stays, and more. So make sure you carry out your health insurance renewal process on time.
- Comprehensive Coverage: Without worrying about rising medical costs, you may address health-related issues and receive the greatest medical care. Health insurance policies frequently cover the following healthcare expenses:
- Costs of In-Patient Hospitalization: Spending 24 hours in the hospital might increase your out-of-pocket costs and deplete your savings due to rising prices for room and board, nursing care, and medical care. If you need to stay in the hospital for longer than 24 hours, a health plan will provide coverage for inpatient hospitalisation.
- Pre-hospitalization and post-hospitalization costs: Pre-hospitalization and post-hospitalization costs are incurred for a predetermined number of days before and after the hospitalisation. These frequently cover the price of doctor appointments, x-rays, medical records, and more.
- Ambulance expenses: Health insurance policies frequently cover ambulance costs associated with patient transportation to the closest hospital. You might ask the insurance provider if there is a cap on the ambulance fees that are generally covered. *
- Day care costs: These costs don’t necessitate a hospital stay of at least 24 hours. These include radiotherapy, cataract surgery, dialysis, chemotherapy, and more. According to the policy paperwork, health insurance covers you for a set amount of nursery treatments.
- Cashless therapy: In hospitalisation, the insured may receive cashless health insurance at a hospital in the insurance company’s network. The insurer will cover the medical costs incurred throughout the treatment. Remember that submitting the claim in line with the policy’s terms and conditions will be approved.
- Benefits of portability: You can transfer the policy or change your insurer if you are unhappy with the services or coverage provided by your current insurance carrier. You can use the health insurance policy’s portability feature in this situation. The policyholder can use this service to switch their current health plan to a different health insurance company. Customers can therefore guard against being ignored by insurance firms.
- Benefits from taxation under Section 80D of the 1961 income tax act: The government has promoted the purchase of health insurance by granting tax deductions on the premiums paid per Section 80D of the Income Tax Act of 1961. **
* Standard T&C Apply
** Tax benefit is subject to change in prevalent tax laws
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
