Best Health Insurance Plans
Health insurance is not a new term in today’s world. Above this, the global pandemic has also knocked on our door to secure ourselves from unwanted situations.
Your health matters, get it insured now!!
What Is Health Insurance?
Health Insurance is a type of insurance policy that helps an individual with covering medical expenses that occur in need of illness. This can include medical expenses, hospitalization costs, and even medical practitioner .Basically, there are two types of health insurance plans.
- Mediclaim Plans.
- Critical Illness Insurance Plans.
Mediclaim Plans
Mediclaim plans are also known as hospitalization insurance which is also considered as the most elementary className in health insurance plans. Mediclaim helps in covering the medical expenses of a policyholder in case of hospitalization.
Here the expense is created on the basis of expenses acquired in the medical facilities by sharing the original invoices. Basically, mediclaim covers either the entire family or a certain limit.
What Are The Benefits Of Mediclaim Policy?
For better understanding, we have shared the benefits of mediclaim policies with you.
- It helps you with the efficiency of cashless hospitalization facilities.
- Users can stay protected from the financial burden.
- Insurance companies will supervise the costs awaking out of medications.
- One can get rid of debts settled from your balance.
- You can take the efficiency of buying within the health insurance companies.
- You can get pocket-money medical services.
What Does A Mediclaim Policy Cover?
- Pre and Post-Hospitalization Expenses- Expenses contracted before and after the insured subject is admitted to a hospital.
- Hospitalization Costs- diagnostic modes, OT costs, medicines, blood, x-ray, oxygen, etc.
- Day-Care Expenses- Medical treatment that requires less than 24 hours.
- Hospital Room Expenses- Regular wards or Intensive Care Unit (ICU).
- Doctors or Medical Professionals’ Fee – Medical practitioner charges or fees.
What Is Not Included In Mediclaim Policy?
As we know every health insurance policies have some inclusions and exclusions to help insured patients to avail benefits. Let’s understand the refusals below:
- Vaccinations
- Sexually transmitted diseases, Birth control and hormonal treatments.
- Cosmetic surgery, Plastic Surgery and obesity-related treatments.
- Maternity expenses and other Pre-existing illnesses.
- Non-medical expenses that inherit service care, administrative prices, toiletries, and so on.
Critical Illness Insurance Plans
This type of health insurance especially covers life-threatening diseases or serious illness that demands prolonged treatment or constant adjustment in the current living patterns of an individual. In the Critical Illness Insurance Plans, compensation is generated based on critical illness that is chosen by the policyholder. This payout is not associated with the actual expenditure revoked in the hospitals, unlike other hospitalization plans.
One can use the funds according to the requirements that are related to their health concerns Such as they can make good use of changing their lifestyle patterns or can bear the cost of medicines. Critical Illness Insurance Plans can also be considered as the substitutes payment for the duration when an individual was not able to continue their work because of serious illness.
Specifically, compensation on these plans covers the analysis of the illness for which initial medical invoices are not necessities.
Documents Required to Buy Health Insurance Online
Following mentioned are a few documents that you must be able to show to buy a health policy online:
- Age proof: Either of the following-Birth Certificate, 10th or 12th mark sheet, Driving License, Passport, Voter’s ID, etc.
- Identity proof: Either of-Passport, Driving License, Voter ID, PAN Card, Aadhar Card, which proves one’s citizenship.
- Address proof: Either of-Electricity bill, Ration Card, Telephone Bill, Passport, Driving License with your permanent address clearly mentioned on it.
- Medical check-up: Some plans require health check-up to ensure that the individual is not suffering from any chronic illness.
Key Factors To Consider Before Buying Health Insurance Plans
Knowing how to choose a proper health insurance plan is essential. While the urban population is often exposed to various plans through insurer’s marketing efforts, schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PMJAY) have also helped educate and expand coverage to millions of people in rural India.
- Sum Insured
Sum Insured is the maximum amount or total financial coverage given to you in a single policy year for hospitalisation and medical expenses.
- Claim Settlement Ratio
The ratio between the number of claims settled to the number of claims raised in a given year by your insurance provider is called the health claim settlement ratio.
- Network Hospitals
Network hospitals help you in getting cashless treatment conveniently as these hospitals have tie-ups with your insurer.
- Inclusions and Exclusions
Inclusions are the conditions for which you can make a claim, exclusions are the conditions for which you cannot make a claim.
- Waiting Period
Waiting period refers to the period during which you cannot raise any health insurance claim, (usually, min. 30 days from the day of taking insurance).
- Add-on or Rider Benefits
Add-ons are supplements you can choose voluntarily by paying an extra premium at the time of your policy purchase.
Why Choose Insurance Kara Lo ?
- 1India is becoming familiar with Insurance Kara Lo :- Our transparent and quick process, a dedicated support team, and the availability of several insurance carriers have helped us provide a delightful experience to more than 1,000 + customers so far.
- 2Dedicated Support Team:- We have a dedicated support team available to assist you every day. Whether you need assistance with the purchase of an insurance policy or service during the settlement of a claim, our team of experts is at your disposal all day long.
- 1India is becoming familiar with Insurance Kara Lo :- Our transparent and quick process, a dedicated support team, and the availability of several insurance carriers have helped us provide a delightful experience to more than 1,000 + customers so far.
- 2Dedicated Support Team:- We have a dedicated support team available to assist you every day. Whether you need assistance with the purchase of an insurance policy or service during the settlement of a claim, our team of experts is at your disposal all day long.