In contemporary times, there is a lot of fuss in the
electronic media concerning health insurance? Have
you ever thought about what it is? Well, a little
knowledge is always dangerous. So, first things first
, you need to understand the concept of health
insurance as a service. Simply put forward, it is
a form of service, which safeguards you from paying
huge bills in case of a medical contingency.
It decreases the odds of paying huge bills if you fall sick or have an accident. All you need is to deposit smaller amounts periodically, i.e., premiums in exchange for the insurance company’s promise to pay the cost of treatment in the event of something unexpected.
With the passage of time, health and medical facilities are becoming more expensive. In this backdrop, it becomes imperative to have the support of a health insurance policy. The right kind of cover can make all the difference between life and death. Hence, health insurance can
God forbids, but if you must spend a day or two in some of the reputed hospitals in India, it can cost you in lakhs. Health insurance can shoulder the majority of the expense or even the full-cost protecting you and your dear ones from unanticipated medical bills.
The following expenses are covered in the basic health insurance policies:
(A) Expenses e.g. Individual or family health insurance policies will make you eligible to claim a cover in the event of hospitalization due to illness and bodily injuries sustained in an accident during the tenure of the policy period.
Expenses covered for inpatient treatment includes:
(B) Pre-hospitalization Expenses e.g. examination, tests, medication etc. incurred by you before your hospitalization.
(C) Post-hospitalization Expenses incurred on follow-up visits, consultations, therapy, medication etc. after your hospitalization.Payment options
At present insurance companies, provide micro insurance policies starting from INR 50,000 and its upper limit can reach to INR 50 lakhs whose tenure can vary from one year to lifetime coverage.Choosing Wisely
If choice for more than one plan is available, compare each plan on the following grounds: