Health related crises happen unannounced whenever. It is extremely difficult to anticipate what sort of health related crisis one may face out of the blue. Indeed, even individuals who are fit, follow a strict diet, do basic exercises could get hit with a health issue of some sort all of a sudden. With health related crises comes the ineptness to deal with such circumstances, both intellectually and monetarily. While you could possibly get a feeling of the circumstance sooner or later, likewise you should be monetarily ready to deal with the expense of hospitalization and different costs. Having a health insurance, like a family health insurance in such circumstances can be a gift. Listed underneath are 4 types of health insurance policies you ought to know about:
Read More Original Content:- What are the types of health insurance policies that you can purchase? The COVID-19 pandemic has been a wake-up call for many of us in general as it highlighted the fragility of the healthcare system around the world. This has also made people more aware about the cost of medical treatment and procedures; especially the ones that are related to critical illnesses. In such times, it is always a wise decision to invest in health insurance plans for family for overall protection of your loved ones. To help you understand better as to why it is better to go for health insurance plans for family, listed below are 4 reasons:
Read More Original Content :- Health Insurance Plans For Family: Why you should opt for them? In a world where the number of diseases keeps increasing every year and more and more people get hospitalised due to them, the burden on the healthcare system also increases. This has caused the cost of healthcare to rise as well, which makes access to basic health facilities unaffordable for many people.
In such situations having a health insurance, such as an individual health insurance can be quite helpful. It helps in covering the medical expenses during an emergency. However, when you buy a family health insurance for you and your family, there are certain terms that are contained in the policy which can be confusing. Here are 5 such terms that you should know when buying the policy: 1. Add-on covers or Riders When you buy an individual health insurance, your main requirement will be for the policy to cover all the major expenses incurred during the hospital stay. Apart from the cost of medical procedures, there are other costs incurred such as bed charges, nurse charges, and ICU charges. Some insurers only pay for the medical procedure performed while the rest of the costs have to be covered by you. An add-on in the health insurance policy, however, helps in covering these costs as well. This ensures that you do not have to spend a single penny out of your own pocket. 2. Reinstatement benefit Your family health insurance covers the cost of the medical expenses of you or your family member with the help of sum insured in the policy. However, the downside is the medical expense of every family member is covered in that amount of sum insured, which could get exhausted after some point. This could cause a huge disadvantage in the event of a family emergency after the sum insured has been exhausted. If your insurance has reinstatement benefit, then once your sum insured has been exhausted, the insurer will automatically refill the sum insured of your policy. Read Original Content:- 5 health insurance terms you should be aware about Planning on getting senior citizen health insurance? Here are a few things you need to keep in mind12/14/2021 There is no questioning the fact that our parents have invested all their time, resources, and energy to make sure that we have a good life. They have played a big role in our personal and professional growth. Now that they are getting old, it is time for us to ensure that they are comfortable and stable. With age, rising health problems are quite natural. This is why having a good senior citizen health insurance plan is so important. With such a plan, your parent can focus on getting the best medical treatment instead of worrying about the finances. By getting a health insurance plan which gives your parents enhanced coverage, you make sure that they do not have any burden to worry about. But before you get such an insurance plan for your folks, there are few things that you should be aware of. Let us take a look at certain aspects of a senior citizen health insurance plan that you should focus on:
Read More Original Content:- Planning on getting senior citizen health insurance? Here are a few things you need to keep in mind We always want the best in life for those we hold dear. This 2021, secure your family members by buying health insurance coverage for them. Let them have access to the best in medical treatment when the need arises. These days, the costs of healthcare are on the rise. Even the most minor day care procedures can run into several thousand rupees and drain out your savings. Now, if you are responsible for many dependents, you might need to figure in each of their individual needs from health insurance. Generally, your dependents may include your spouse, children, senior parents and parents-in-law. The best way to secure all of your loved ones is by taking a family floater health insurance plan. Let’s look closely at what kind of protection you can expect from a family floater health insurance plan and why this coverage is truly essential. What is a family floater health insurance plan? A family floater health insurance plan is an insurance product that offers medical coverage for your family members under a single policy. You can generally cover your spouse, dependent children (up to a certain age), parents, and in-laws. Some insurers like Iffco Tokio even allow you to cover other blood relatives - such as a nephew or niece - as well under their family floater plans. Under this type of plan, a single sum insured covers all family members named in the policy, thus any of them can utilise it. A family floater health insurance plan will offer coverage starting from around Rs 1.5 lakhs right up to Rs 30 lakhs. This limit will vary between insurance companies. Coverage is also generally offered for ambulance charges, day care procedures, nursing charges, and pre- and post-hospitalisation expenses. These plans also often come with a reinstatement benefit. Read Original Content:- Gift Your Loved Ones The Protection Of Health Insurance In 2021 With the medical advancements that the world has seen over the years, the overall life expectancy has significantly increased. However, the number of diseases and illnesses has also been on the rise. With medical treatments being quite expensive, it is important for every individual out there to get a good health insurance policy for financial protection.
However, there are numerous insurance companies out there offering various types of insurance policies. Which one should you go for? It is quite understandable why many find themselves confused as to which one to go with. The fact is that one insurance policy that may be suitable for one might not be the best for another. This comes down to individual needs, and so each one would have different criteria while choosing their policies. However, make sure that your health insurance policy includes the following features:
2. Better sub-limits on room rent Your daily room rent could get quite expensive too. This is why health insurance companies include room rent coverage in their health insurance plans. However, these plans do not cover the entire room rent, but only a part of it. Most health insurance policies cap room rent in the range of 1-2% of the total sum insured. It is advisable to choose a health insurance policy that has a room rent coverage closer to 2% of the sum insured. Read Original Content:- Buying Health Insurance? Here Are 4 Features You NEED To Look For Does the jargon in health insurance policies leave you all confused? If so, you’re not the only one. A lot of people feel flummoxed upon reading the fine print of health insurance policies for the very first time and this can often be attributed to the many jargon used. To help you gain a better understanding of what you are reading, we have listed down 10 common jargon in health insurance and explained their meaning to you. 1. Beneficiary The beneficiary is the named person who will be able to receive any claim benefits (if they are due) when the insured individual passes on. 2. Claim The claim is the payout that you receive from the insurer for any hospitalisation expenses or other medical expenses covered in your health insurance plan. 3. Co-payment The c-payment refers to the part/ percentage of the claim on your medical expenses that you need to pay on your own while the insurer takes care of the rest. 4. Day care procedures These are procedures like dialysis which do not require a patient to be hospitalised for 24-hours. Modern health insurance policies are known to cover these as well. 5. Grace period The grace period is an extended period of days after your health insurance plan lapses during which you can still renew coverage without losing your benefits. However, you will not be able to make any claims during the grace period. Read Original Content:- 10 Commonly Used Jargon In Health Insurance Policies Explained For You 5 Features To Look For In Family Health Insurance (Don’t Buy Without Checking These Off Your List!)11/17/2021 If you have settled down with your family, it may be a bit of a hassle for you to buy a separate individual health insurance plan for each of your loved ones. You can avoid this hassle by opting for a family health insurance plan. These kinds of health plans are designed to give coverage to the entire family, including children and senior citizens. With so many family health plans in the market, however, you may get confused as to which one you should go for. To help you out, we look at 5 features a good family health insurance plan should have.
1. Extensive coverage This is one feature that makes or breaks an insurance plan. While the coverage offered differs from insurer to insurer, health insurance plans for family should ideally cover the following: - Pre-hospitalization and post-hospitalization for a specified number of days (in addition to regular hospitalization) - A large number of day-care surgeries - Annual check-ups - Vaccination - Ambulance and other urgent assistance services - AYUSH treatment 2. Affordable premiums It is vital that the family health insurance plan you choose has affordable premiums. Since several members of your family are being covered under one plan, the premium could be quite higher, especially if there are senior citizens under the plan. So, make sure to research and reach out to a reliable agent to get a premium that is suitable for you. However, also ensure that you do not have to compromise on the coverage you require to be able to pay the premium you want. Read Original Content:- 5 Features To Look For In Family Health Insurance (Don’t Buy Without Checking These Off Your List!) |