Health Insurance

What is health insurance?

Health insurance is the insurance product. it covers the medical expenses of an individual or family. it can be reimbursement or a cashless facility. It covers accidental hospitalization expenses from day one and diseases after 30 days.

Why Health Insurance Required

It depends on when, for whom, and for what needs, we are buying.

4 Major Reasons

• Inadequate Savings
• Medical Inflations
• Changed Lifestyle
• Tax Purpose

A Health insurance product offers basic features i.e

Inpatient Treatment - Min 24 hrs of Hospitalization Required.

Day Care Treatment - No Requirement of 24 Hrs Hospitalization, due to advance technology.

Domestic Ambulance - it covers domestic ambulance charges for the nearest hospital up to sum limits.

Domiciliary Treatment

Pre and Post Hospitalization Expenses

AYUSH Treatment - it covers Ayurvedic, Yoga, Unani, sedha, and Homeopathy up to sum limits.

Health Insurance plans

• There are many types of health insurance policies.
• Individual Health Plan
• Family Floater Health Plan
• Group Health Plan
• Senior citizen Health Plan

Individual Health Plan

This means the Sum insured offered by an insurance company is available to an individual i.e

A family having 3 members having Rs. 3 Lacs Sum Insured each for Self, Spouse, and Son.

Let's understand by example.

Each Member has separate Rs. 3 lacs Sum insured available to use for the uncertainty.

maximum benefits they can get from the insured company Rs. 9 lacs.

Family Floater Health Plan

This means the Sum insured offered by an insurance company floats on the family members.

All Members have common Rs. 3 lacs Sum insured available to use for the uncertainty.

maximum benefits they can get from the insured company Rs. 3 lacs.

Let's understand by example.

Disease-specific plans

• Diabetic or Cardiac Plan
• Cancer Plan
• Critical illness Plan
• Covid 19 Plan