The health insurance plan is fast getting popular in India. Although the public health care services offer basic healthcare to all, treatment at public hospitals is inadequate and may be of poor quality.
People are turning to private hospitals which offer professional care and better facilities. To reduce the financial burden and help avail quality treatment at private hospitals, avail health insurance at affordable premiums.
You can avail a health insurance policy, to cover hospitalization and expensive medical treatment. However, the policyholder must be above 18 years of age. You can avail the health insurance plan, if you are a small businessman, organized sector worker or even an unorganized sector employee.
The insurer issues a health insurance policy to any person in good health, provided he/she is able to pay the premiums within the due date. If you are unable to pay the insurance premium within due date + grace period, your policy is nullified. Availing health insurance does not depend on the job status, but the regularity of premium payments.
Want to know more on Health Insurance? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial products.
See Also: How to Buy Health Insurance Policy?
An individual health insurance plan helps enjoy the benefits of health insurance at all times, be it a gap between jobs or a job switch or even during your retirement.
Company health insurance comes with certain restrictions and cannot be carried on to the next company. (Cover ends when you quit the job).
If you are salaried, then you may enjoy health insurance cover from the employer; however, the company health insurance plan proves insufficient and ceases to exist after a job change.
Company health insurance doesn’t offer comprehensive coverage unlike personal health insurance plans. Company health insurance plans change from time to time, affecting coverage. Company health insurance plan does not offer insurance cover during a job switch or probation.
See Also: 4 Insurance Plans You Must Have
You should not depend only on the health insurance plan offered by your employer. People take Company Health Insurance for granted and depend on it for medical emergencies. However, these insurance plans fail to offer comprehensive health coverage and are inadequate vis-a-vis health-related problems.
Therefore, you must avail a personal health insurance plan to shield your family against ailments and avoid paying high medical bills, when your company insurance expires. It helps reduce out-of-pocket expenses and avail quality treatment at the best hospitals.
See Also: Family Health Insurance Plan
You can also add riders like critical illness rider, daily cash benefit rider and so on. The ever soaring cost of healthcare in India can only be countered, when you have a personalized health insurance plan in place, which provides adequate cover and reduce out-of-pocket expenditure.
You May Also Watch
Keep your Financial Cognizance up to date with IndianMoney App. Download NOW for simple tips & solutions for your financial wellbeing.
IndianMoney.com's complaint portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and lodge your complaint. If you want to post a review on any company you can post it on Indianmoney.com review and complaint portal IamCheated.com.
Be Wise, Get Rich.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.