Health insurance helps you gain the financial security that is much needed in the long run, especially during medical emergencies. The health insurance covers your medical expenses such as the nursing chargers, cost of surgery and medicines, room rents, and other treatments, if any. Therefore, you must invest in health insurance that covers all such medical expenses. This also keeps you at peace, knowing that you are coveredfor the future medical expenses.
Health insurance is a critical and vital investment in your life. Therefore, you must be well informed about everything when it comes to health and insurance. Here is the list of seven lesser-known facts about health insurance in India.
- Documentation
Keep your policy papers and other documents ready. In case there is a planned hospitalization, you can seek preauthorization of the treatment by informing your insurer well in advance.
- Additional Benefits
Health insurance providers tend to offer bonus and rewards to the policyholders to stay loyal to them. Staying with your current insurer can unlock such benefits and rewards for you. Some of them also provide free health check-ups. Therefore, you may avail all these benefits in addition to the insured sum, provided you stay with your existing insurer. There are riders that will help you maximize the benefits of your base health insurance plans. There is a critical illness insurance rider that ensures additional financial benefits if the policyholder is diagnosed by any critical diseases like kidney failure, first heart attack, or major organ transplant.
- Cashless facilities
The cashless hospitalization facility is one of the advantages that you can enjoy when it comes to health insurance. To avail cashless facilities you have to mandatorily get admitted to the hospital in the insurer’s network.
- Domiciliary treatment
There are instances when you might have to go through domiciliary treatment for more than 3 days, but still unable to move to the hospital. Many insurers allow you to receive a treatment from home in one of the two circumstances:you are unable to move to the hospital, or if the hospital does not have resources or means to accommodate you.
- Mediclaim vs Critical illness cover
Many people believe that mediclaim and critical illness insurance cover are the same, which is not true. There is a difference in the aspect of their working. Mediclaim policy takes care of your hospitalization expenses, while a critical illness plan covers these dreaded diseases. Therefore, the insurer is liable to pay you the entire sum assured irrespective of the medical bills. Critical illness plan covers illnesses like kidney failure, stroke, permanent paralysis of limbs.
- Premium calculators
Sometimes before buying an insurance, we wonder about the policy information like the premium andsum assured. The health insurance premium calculator is a tool, which helps you to understand the calculation of your premium. For example, if you are looking for family health insurance, you can choose Family under your requirements. Then, you select the assured sum, and you will get the payable premium for that particular input. Moreover, one can also compare the features and benefits of a policy.
- Maternity expenses
Some insurers have specially designed plans that will cover your maternity expenses. These plans include coverage for pre-natal expenses, delivery costs and post-natal costs.
Buying health insurance is a very vital task, and doing it right is the only choice. You cannot go wrong with the plan you choose for yourself or your family. Therefore, keep in check all the factors mentioned in the above list.
