Hidden Benefits Of Health Insurance You Don’t Look Out

You have heard the famous saying, “Health is Wealth”. And yes, it is true. You work so hard to live a good life, to give your loved ones your children all the facilities. When you do this much in your life, then you also have to care about your health without worrying about the money you have to spend for this purpose. Health Insurance companies always advise you to plan your health insurance earlier, but if you haven’t purchased your health insurance till now, still it is not too late. Consult your health insurance and get the best health insurance for you and your family.

Also, remember to know about the various government schemes on different health insurances which will benefit you more. Just don’t bond yourself if your health cover plan, make its use as much as possible.

1. Recovery benefits from Health Insurance

This benefit is also known as the recuperating or recovery benefit. In this, the insurance company is responsible for the cost recovery of the insured under the project. Benefits given include additional costs that may result from hospitalization, such as loss of income. If the insured is hospitalized for 7 to 10 days, the insurance company will pay a one-time fee.

2. Alternative Treatment from Health Insurance

In recent years, the popularity of alternative therapies has increased in many ways. This has prompted many insurance companies to adopt alternative therapies such as Ayurveda, Homeopathy, and Yoga.

3. Cover Organ surgery related expenses from Health Insurance

For example- the cost of the kidney transplant could range between the Rs. 3 lacs to Rs. 5 Lacs. If you have the health insurance, it ensures that you will not have to worry about the medical expenses before undergoing the surgery. Most of the insurance companies cover organ transplant cost as their regular health insurance coverage.

4. Exceeding the days of Treatment are covered in Health Insurance

Under this section, many insurers have expanded their insurance coverage to include treatment taken under the medical supervision. Though, insurers have covered the amount and number of days for which the benefit is available.

5. Attendant Allowance is covered in Health Insurance

Insurance Companies offers this section, in which adults accompanying the insured at a hospital, provided the insured is a child. Generally, in most of the cases, the numbers of days for which an insurer pays the attendant allowance is fixed.

6. Cash allowance is also available in some Health Insurance

Daily Hospital cash allowance offers additional financial protection, in which it takes care of the expenses which are not covered under the health insurance, such as food and travel.

7. Free regular health check-ups

It is another benefit of the health insurance about which many people don’t know, it says that the policies offer free periodic health check-ups to their policyholders after every 4 or 5 claim-free years. Insurers offer cashless health check-ups if all the tests are done in the listed hospitals or centers.

8. Dental treatment in Health Insurance

Dental treatment is covered by many insurance companies once in a few years with some limits.

After seeing its benefits now, you know the various advantages of having health insurance. It makes you independent, now you are no more dependent on your relatives or any other for borrowing money for health issues. Your insurance policy supports you to get the best medication. Let us look for the reasons that why having a health insurance is important in India.

Why is Health Insurance important in India?

Living in this fast-paced world has become more and more intense and has led to major health conditions, especially among Indians. Millions of Indians die because of heart disease and diabetes. According to the World Health Organization, these are the main cause of death in India. In addition, respiratory diseases, childbirth complications, and infectious diseases are also paralyzed.

Given that Indians are more likely to suffer serious health problems, have you considered protecting your family and yourself from these injuries? Rising health care costs can lead to financial difficulties and this can further raise more difficulties and some time it has been seen that because of financial difficulties many people commit suicide so that their family doesn’t spend much on them. But these problems can be cut off by maintaining proper sanitation, health and having a health insurance.

Health insurance has many benefits, and in India, it is fruitful for those people who are fighting much due to lower financial status. Health insurance is the best way to protect yourself and your family from these kinds of problems.

Health Insurance coverage

Insurance providers offer different types of plans to maximize coverage and benefits. In some of the health insurance coverage, it includes the pre and post-hospitalization expenditure, hospitalization costs, daycare facilities and domiciliary treatment.

Two basic types of Insurance in India-

Types of Insurance-	Benefits	Expenses covered under
Indemnity Plans	·         Policy compensate the actual finance that has been incurred. ·         May avail the entire coverage amount multiple times during the policy.	·         Hospital room rent. ·         Operation theatre charges. ·         Doctors’ fees. ·         Pre and post hospitalization expenses.
Lump-sum benefit policy	·         Pays entire sum assured if the covered event occurred. ·         Gives you financial support.	·         Physiotherapy or other rehabilitation procedures ·         Monitoring devices needed in case of critical illnesses ·         Follow-up medical tests and investigations ·         Dietary supplements ·         Ergonomic furniture or home modifications needed due to your illness

 

Benefits that Indian people get from Health Insurance plans

1. Financial stability

In an emergency people don’t have that much money which they can use in the case emergency and also the emergency medical expenses may result in several financial distress. But the health insurance plan helps you in this situation.

2. Best treatment you get

Due to lack of funds, people compromise on the treatment, but with the best health insurance plan, you have the assurance of procuring the best treatment to overcome any health condition.

Conclusion

After all the discussion over here about the health insurance, now you completely know about the health insurance and its benefits. If you have the best health insurance, it make-able to fight any health issue and you won’t get over from your funds and savings. You get best treatment options and many different benefits which are far more than only paying expenses for the hospitalization.

Image credit- Canva