Health insurance is one such protective coverage that keeps minimum
financial issues at bay and helps in seeking quality medical treatment.
Thus, one should buy such plan today to have secured tomorrow.
It is beyond doubt that problems in life arise from a problem and multiply in a very short span of time. Many a time, these problems may affect not only a single person but the whole family. It is, therefore said that life is a vicious circle. A person feels hapless when there are medical problems in this circle. In developing nations like India, where the economy rate of the country is not good, where large numbers of people are not wealthy enough to pay for the high rising medical expenses, seeking quality medical treatment is a big problem.
As a result, many Indian families become victim of these circumstances and accept them considering them a part of their destiny. It is commonly seen that when a person in a family faces any sudden mishap that engenders major health risks, the shortage of funds immensely affects all the family members. Running for the arrangement of funds at the eleventh hour, looking for diagnostic laboratories that can help in saving some amount on tests, etc., are all what people look into. In this run, they forget their career path, their dream house or trip, for which they have accumulated wealth from so long. The entire sum of money they have goes in settling medical bills.
Why does a human being look for an alternative solution that can provide some relief? Why he/she is not mentally prepared for these circumstances? Why doesn't he/she buy a health insurance policy and stay at a peace of mind?
Yes! These problems in life can be kept at bay with buying of a health insurance plan.
Health insurance is a contract between an insurance company, so called insurer and a policy holder that if a policy holder faces any medical emergency from the list of covered perils, he/she would be able to seek coverage from an insurer, maximum up to the sum insured amount, subject to the terms and conditions of the plan purchased. In return, an insured is supposed to pay a small amount of money in the form of a premium on annual basis. This amount is to be paid at the time of policy issuance and thereafter, every year at the time of renewal. At the same time, this amount is not a huge amount. It ranges from few hundreds to few thousands of rupees, which can easily be affordable by the common man.
Now, the point to ponder over is that when these facilities are available at such a low cost, then why do people don't buy it. Isn't it better than all the above stated problems that a person faces at the last hour?
Definitely Yes! These products bring a large numbers of benefits along with them. The most common isinpatient coverage. Using this benefit, an insured gets coverage for treatment for the covered perils, when he/she is hospitalized. An insured is asked to choose a sum insured amount, which is the maximum amount that a person can use while seeking treatment for the covered perils. One should choose wide cover, as it gives better protection.
One can use this cover in network or non-network hospitals. When a person seeks treatment in network hospital, he/she can enjoy the facility of Cashless Hospitalization, where an insured need not have to pay for the medical bills, as they are paid directly by an insurer. For the treatment availed in non-network hospitals, one has to intimate insurer within defined time limits and has to submit bills, discharge summary and the required documents to file the claim, which gets settle within definite number of days.
The other benefits include pre- and post-hospitalization cover, which include cover for medical expenses incurred before and after hospitalization. An insured also gets cover for day-care procedures. It includes minor surgeries and treatments which do not require hospitalization for more than 24 hours.
In addition to it, there are several other benefits, such as expenses for spectacles, hearing aids, domiciliary treatment, regular health check-up, maternity coverage, etc.
All these benefits can be availed by paying premium amount on yearly basis. One needs to adjust this small amount in his/her family budget and enjoy life to a greater extent. Moreover, the peace of mind that one gets on buying this product is incomparable to any other benefit.
A person can buy these products either on individual basis or on family basis. A family floater plan offers cover to all family members, which may include an insured, spouse, dependent children and dependent parents. The sum insured amount chosen can be shared by all, if required. These plans are deemed to be less expensive than buying individual plans for all members of a family. Hence, these are most sought after products.
The other point to consider is that one should be aware of the fact that every plan has certain entry age, beyond which a person is not permitted to buy these plans, though they can be renewed throughout the life.
For example, Easy Health, one of the pure health insurance products, brought by Apollo Munich has maximum entry age of 65 years, but it can be renewed for the whole life. Thus, it is must to be bought earlier than the age of 65 years. This plan is believed to be best-in-class product, as per the research and result declared in one of the edition of Economic times. One can buy it on individual basis or on family basis and at the same time, can opt for coverage, like maternity cover or Critical Illness Cover. Thus, it is believed to be the complete medical insurance plan in India.
It is beyond doubt that problems in life arise from a problem and multiply in a very short span of time. Many a time, these problems may affect not only a single person but the whole family. It is, therefore said that life is a vicious circle. A person feels hapless when there are medical problems in this circle. In developing nations like India, where the economy rate of the country is not good, where large numbers of people are not wealthy enough to pay for the high rising medical expenses, seeking quality medical treatment is a big problem.
As a result, many Indian families become victim of these circumstances and accept them considering them a part of their destiny. It is commonly seen that when a person in a family faces any sudden mishap that engenders major health risks, the shortage of funds immensely affects all the family members. Running for the arrangement of funds at the eleventh hour, looking for diagnostic laboratories that can help in saving some amount on tests, etc., are all what people look into. In this run, they forget their career path, their dream house or trip, for which they have accumulated wealth from so long. The entire sum of money they have goes in settling medical bills.
Why does a human being look for an alternative solution that can provide some relief? Why he/she is not mentally prepared for these circumstances? Why doesn't he/she buy a health insurance policy and stay at a peace of mind?
Yes! These problems in life can be kept at bay with buying of a health insurance plan.
Health insurance is a contract between an insurance company, so called insurer and a policy holder that if a policy holder faces any medical emergency from the list of covered perils, he/she would be able to seek coverage from an insurer, maximum up to the sum insured amount, subject to the terms and conditions of the plan purchased. In return, an insured is supposed to pay a small amount of money in the form of a premium on annual basis. This amount is to be paid at the time of policy issuance and thereafter, every year at the time of renewal. At the same time, this amount is not a huge amount. It ranges from few hundreds to few thousands of rupees, which can easily be affordable by the common man.
Now, the point to ponder over is that when these facilities are available at such a low cost, then why do people don't buy it. Isn't it better than all the above stated problems that a person faces at the last hour?
Definitely Yes! These products bring a large numbers of benefits along with them. The most common isinpatient coverage. Using this benefit, an insured gets coverage for treatment for the covered perils, when he/she is hospitalized. An insured is asked to choose a sum insured amount, which is the maximum amount that a person can use while seeking treatment for the covered perils. One should choose wide cover, as it gives better protection.
One can use this cover in network or non-network hospitals. When a person seeks treatment in network hospital, he/she can enjoy the facility of Cashless Hospitalization, where an insured need not have to pay for the medical bills, as they are paid directly by an insurer. For the treatment availed in non-network hospitals, one has to intimate insurer within defined time limits and has to submit bills, discharge summary and the required documents to file the claim, which gets settle within definite number of days.
The other benefits include pre- and post-hospitalization cover, which include cover for medical expenses incurred before and after hospitalization. An insured also gets cover for day-care procedures. It includes minor surgeries and treatments which do not require hospitalization for more than 24 hours.
In addition to it, there are several other benefits, such as expenses for spectacles, hearing aids, domiciliary treatment, regular health check-up, maternity coverage, etc.
All these benefits can be availed by paying premium amount on yearly basis. One needs to adjust this small amount in his/her family budget and enjoy life to a greater extent. Moreover, the peace of mind that one gets on buying this product is incomparable to any other benefit.
A person can buy these products either on individual basis or on family basis. A family floater plan offers cover to all family members, which may include an insured, spouse, dependent children and dependent parents. The sum insured amount chosen can be shared by all, if required. These plans are deemed to be less expensive than buying individual plans for all members of a family. Hence, these are most sought after products.
The other point to consider is that one should be aware of the fact that every plan has certain entry age, beyond which a person is not permitted to buy these plans, though they can be renewed throughout the life.
For example, Easy Health, one of the pure health insurance products, brought by Apollo Munich has maximum entry age of 65 years, but it can be renewed for the whole life. Thus, it is must to be bought earlier than the age of 65 years. This plan is believed to be best-in-class product, as per the research and result declared in one of the edition of Economic times. One can buy it on individual basis or on family basis and at the same time, can opt for coverage, like maternity cover or Critical Illness Cover. Thus, it is believed to be the complete medical insurance plan in India.
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