Who Else Wants Health Insurance?

Everyone needs a health insurance plan which offers policyholders with the much-needed financial backup; during medical emergencies. Uncertainties and health-related risks are an integral part of life. No one knows when sickness strikes. But, you can definitely be financially prepared for the future. This is possible only by availing health insurance.

Why Health Insurance?

Rising levels of pollution, improper eating habits, heavy travelling and tight work schedules have increased the risk of developing health issues. Lifestyle changes have led to people suffering from a host of diseases. Medical inflation is on the rise. What was the cost of cancer treatment five years ago and what is it now? There is definitely a big rise.

Sanath who has 24 years; kept postponing availing a health insurance policy. He got soaked one rainy day, caught a fever and was hospitalized. Unfortunately, Mr Sanath was diagnosed with typhoid too. He was hospitalized for more than 10 days. He had to pay a hefty medical bill. He had not availed a health insurance policy. If he had bought it, it would have helped him a lot; financially.

Health Insurance for Individuals

If you purchase an individual health insurance policy, it takes care of expensive medical treatment. People who cannot afford high-quality medical treatment should have a health insurance plan. Individual health insurance plans cover pre and post-hospitalization expenses, ambulance charges, room rent, domiciliary treatment, ICU charges and other medical expenses.

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See Also: Types of Health Insurance Plans in India

Who Else Wants Health Insurance?​

Prime Benefits

• Discounts and No-claim bonus or NCB
• No medical tests are required until the age of 45 years
• Tax benefits under Section 80D
• Reimbursement of treatment costs done in a non-network hospital is settled after a few days.

Exclusions of Individual Health Insurance Plans

• Pre-existing conditions
• Alternative treatments like homeopathic, Ayurveda, and Unani.
• Treatment related to consuming intoxicants
• Aesthetic and cosmetic treatment.

See Also: Health Insurance Plans

Health Insurance for Families

Family health insurance plans are for families. While individual health insurance policies cover only the individuals, family floater health insurance plan is for the whole family of the policyholder.

Family floater health insurance policies cover a family of 4-6 members. Some insurance companies allow policyholders to even add their parents. In-laws can also be added if policyholders pay an extra premium.

In case of medical insurance, the insurance company reimburses the hospitalization expenses as per the policy norms; and in case of critical illness insurance, the insurer covers the policyholder against critical illnesses, like heart attack, stroke, diabetes, kidney failure and so on.

Prime Benefits of Family Health Insurance

• Buy a family floater health insurance policy to cover the entire family.
• This is an ideal way to plan for a financially secure future.
• Family health insurance is customer-friendly and flexible.
• Attractive features
• Tax benefits under Section 80D of the Income Tax, 1961

See Also: Get Health Insurance for Family of 4

Health Insurance for Employees

Many employers offer health insurance schemes for employees. The insurance facility offered by employers may or may not be sufficient for the policyholder or his family. Availing an individual health insurance plan is a must; which protects you during a job break.

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