Health Insurance is pharmaceutical coverage that helps you meet your medical costs by offering financial support. Due to the high value of hospitalization expenses, it is essential to become a health insurance policy. In the current pandemic condition, health insurance plays a vital role in safeguarding your finances.
In this article, you can buy a health insurance policy for your family and avail the below-mentioned benefits & coverage.
- Medical Expenses
- Cost of Hospitalization
- ICU Charges
- Ambulance Cost
- Day Care Procedures
- Ayush Benefits
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What are the kinds of health insurance plans available?
| Topics | Description |
| Individual plans | Certain are primary health insurance plans, including the hospitalization costs of the person proected. |
| Family plans | Those are health insurance plans for all family members that can be reached in a single coverage model. During this case, a fixed sum assured is provided for any family member who falls ill. |
| Senior citizen plans | Certain are individual insurance policies intended to meet the demands of senior citizens who are above 60 years of age. |
| Critical illness insurance plans | Its plans include particular critical illness such as kidney ailments, heart attacks and so on. Cancer insurance is also other programs included in this section as well. |
| Personal accident insurance | Its plans allow coverage for hospitalization in case of any motor accident. |
| Maternity plans | Particular policies offer coverage for pre and postnatal medical care and delivery expense. They also provide a range for the new born for a specific duration along with ambulance costs. |
| Unit-linked health insurance plans | The plans offer health insurance coverage while including supporting building savings to meet those costs that do not have coverage under the policy. Any insurance-cum-investment policies that allow you to incorporate corpus. |
Eligibility Criteria
Here in this selection, we are mention Eligibility criteria for health insurance depends on the age of the customer, pre-existing illness, current medical condition & many more. In most of the medical policies, the following eligibility criteria need to be satisfied.
| Particulars | Description |
| Age Criteria | Entry age for Adults: Minimum age 18 to 65 years (70 and above, based on the policy and insurer).
Entry age for Children: minimum age 90 days to 18years and in some methods it is up to 25years as well |
| Pre-medical Screening | While in most cases, it is required for applications above 45 years.is required for applications above 45 years. However, it may vary depending on the insurer and the type of medical insurance policy. Most maximum of the senior citizen wellness plans needs pre-medical tests to check if the applicant meets the eligibility criteria for insurance cover or not. |
| Pre-existing Diseases | When buying a health insurance policy, you need to disclose the health diseases you have or any pre-existing illness you or your family members should. |
Should you buy Health Insurance online?
No Fraud: Every insurance companies should make all the information available online mode. One can easily combine the same under one platform. This is always better than the policyholder selects and compares all the plans to choose the best suits their needs.
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Cost-Efficient: Online health insurance policies are more cost-efficient than offline mode. This is because of the no-involvement of agents, and the policyholder can quickly connect with the insurance company to purchase the insurance.
Flexibility: Online channels allow more flexibility to policyholders than offline channels if they buy insurance plans. Remaining in the comfort of our homes, one can compare and choose different schemes that suit one’s requirements.
Do I Really Need a Health Insurance Plan?
The answer is Yes, because most of people may need medical treatment at-least one time in life. Hence, it is important to have a good health insurance plan that transact to rising medical expenses. To couple these expenses and avail quality healthcare facilities, it is important to have a comprehensive health insurance cover. A look below at the key reasons that makes health insurance a must-have.
| Beat Medical Inflation | Get Access to Specialised Treatments | Get Preventive Health Check-up Coupons |
| Avail Quality Healthcare Facilities | Save Tax up to ₹75,000^ | Avail Cashless Hospitalisation Facility |
Gives your Health Insurance cover COVID-19 claims?
By the COVID-19 pandemic doing the most significant medical concern of the world right now, the Insurance Regulatory, including the Development Authority of India (IRDAI), has done it mandatory to cover all health insurance products the treatment and hospitalisation cost of COVID-19 as well. If the registered person has been hospitalised for more than 24 hours after being diagnosed by COVID-19, the insurance policy will include the hospitalisation expenses.
Several insurance schemes will cover pre- and post-hospitalisation care as well as quarantine associated expenses in registered centres. Any policies may also include ICU charges. These are all subject to the term and conditions of the policy. It is, accordingly, advisable that one contacts the insurance company to gain additional explanation on all the costs covered.
Best of Luck…!!!