In today’s fast paced world there are so many factors that affect your health. The best thing to do is to insure your health for utmost well-being. So that, when age, sedentary lifestyle, environmental changes, accidents, addictions etc threaten your health and pile you with medical bills, you can breathe a sigh of relief. Also, it might be a smart decision to buy your Mediclaim Policy at a younger age. This gets you lower premiums and bigger coverage. Secure your health today!
The cost of healthcare in India is increasing at 20 percent every year, which is more than double that of overall inflation. The need for adequate health cover, therefore, attains importance not just during the working life of a Family but even after one retires. Hospital bills could be a shock unless you have an insurance to back it up with longer life spans, unless one is in pink of health, the need for insurance is also rising. Life expectancy which today stands at 71 years is up from 53 years almost two decades ago.
Interestingly, the life expectancy at age 60 (by when most of us retire) is higher at 77.2 for men and 78.6 for women. With technological advances, expect to live longer and therefore, plan for adequate health cover in advance.
Health Insurance is a medical coverage that helps you meet your medical expenses by offering financial assistance. Due to the high cost of hospitalization expenses it is important to have a health insurance plan in place. health insurance policies take care of the hospitalization and treatment charges, leaving you free of financial worries. So get yourself a health insurance plan now.
Health insurance in this situation will be highly beneficial, as it will provide cover against expenses that you may incur in order to get the required treatment. There are numerous hospitalisation expenses involved for getting treatment in case you suffer from Coronavirus. While you focus on quick recovery, we take care of your medical expenses by covering diagnosis, consultation costs at the time of pre hospitalization and post hospitalization as well. We also offer coverage for day care treatments if your treatment gets done in less than 24 Hours. Choose Most Reliable Insurance Solutions, a brand that has brought smiles on face to Many of the customers.
Medical insurance premium paid offers tax benefits under Section 80D of the income tax Act. The Finance Act, 2018 offers higher deductions for medical premiums paid for senior citizens. In case no one in the family is over 60, the deduction is up to Rs 25,000. ... Hence total deduction one can claim is up to Rs 50,000
100% Restore Benefit Get 100% of your cover restored instantly after the first claim. Restore is a unique health plan that restores your sum insured on partial or complete utilization of your health cover, for your future needs.
Double Your Base Policy in 2 years with No Claim Bonus…. We reward you for staying healthy. If you do not claim even once in the claim year, in that case you will get the No Claim Bonus from 10 % to 50 % (Depend on the insurance company you choose)
Complimentary Health Check-up Regular health check-ups keep track of your well-being and help in early diagnosis of illnesses. Enjoy preventive health check-ups up to₹5,000 with most of the insurance companies.
Daily Hospital Cash Worried about out-of-pocket expenses in case of hospitalisation? Get daily cash of up to ₹1,000 per day and maximum of ₹6,000 per hospitalization on choosing shared accommodation with Restore products.
Hospitalization expenses Just what you expect of your health insurance plan- We cover you for hospitalization due to illnesses and injuries seamlessly.
Pre and post-hospitalisation Your costs for diagnosis and follow up consultations are covered too. All your pre-hospital admission expenses up to 60 days, and post-discharge expenses till 180 days are included..
Day-care procedures Medical advancements help in wrapping up urgent surgeries and treatments in less than 24 hours, and guess what? We cover all your day care procedures.
Emergency Road Ambulance If you need to, rush to a hospital in case of an emergency. Your ambulance costs are covered up to ₹2000 per hospitalization.
Organ Donor Expenses Organ donation is a noble cause. Hence, we cover the medical and surgical expenses of the organ donor when harvesting a major organ transplant.
No sub-limit on room rent If you have to stay at the hospital, choose a comfortable and convenient room for yourself, without bothering about its bills. We give you complete coverage on room-rent, up to the sum insured.
Modern Treatment methods You deserve the best and the latest medical treatments. So our Optima Restore covers advanced procedures like robotic surgeries, stem cell therapy, and oral chemotherapy.
Lifetime Renewals Also, enjoy life-long protection as you can continuously renew your health plan, even after you turn 65 years of age.
Recovery benefit If you stay in a hospital for more than 10 days at a stretch, then we pay a lump-sum of ₹10,000 for other financial losses that might have happened due to your absence at home.
Exclusions vary from one person to another, thus there are certain exclusions in health insurance policies that you need to look at –
If you suffer from any health issues, it is important that you declare the same, while purchasing medical insurance. All such pre-existing conditions are covered at the end of a specified lock-in period, ranging between 2 and 4 years from the purchase date.
Most insurance companies do not provide coverage for the use of alternative therapies to treat health conditions. This is primarily because determining the exact coverage for such therapies is difficult as many alternative treatments are unregulated and various specialties like Ayurveda, Naturopathy, and Unani have different costs. Health insurance policies do not cover therapies such as magnetic therapy, naturopathy, acupressure, and other treatments.
Diseases that relate to the lifestyle of the insured are excluded under health plans, unless the purchasers have paid a higher premium amount. A few such diseases include lung disease that is caused due to smoking or cirrhosis resulting from the consumption of alcohol.
An increasing number of people use cosmetic treatments to enhance their appearance, but these treatments are not covered by health insurance companies. However, medically recommended procedures such as plastic surgery to treat an accident or injury will be covered. Dental treatments are also excluded from a health plan’s coverage, as these are considered to be cosmetic in nature.
Several health plans do not provide coverage for childbirth and pregnancy related expenditure. Similarly, costs for treating infertility and abortion are not covered under these insurance policies.
Imaging or laboratory tests that are routinely conducted for a diagnosis can be quite expensive, but these are not covered under health policies. If the tests yield a positive result for any illness or injury that requires hospitalization however, the insurer will cover the costs.
Both dental and vision procedures are not covered under your health policy as they do not need any hospitalization. But when there’s a need for hospitalization, it has to be covered. Thus, you need to check this with your health insurance provider. Although, such benefits can be bought as additional riders in your health insurance plan.
Injuries that are caused due to any kind of self-harm or suicide attempt are not covered under your health insurance plan. A policyholder will not be covered if the person harms himself deliberately.
Every insurance company has a general waiting period after which, one can use all the benefits of the policy. Before investing in an insurance policy, one needs to keep in mind its waiting period. The insurance market has different waiting period in a health plan that spans from:
Injuries due to war, HIV, intentional injuries, congenital diseases, and others are permanent exclusions. Thus, it is important for you to read the fine print carefully before signing up for a health plan. Moreover, you can ask your insurance company about the exclusions so that you can address your queries.
Exclusions are the services that are not covered under health insurance plan. This means one has to bear these expenses from their pockets. So, in order to save yourself from such unpleasant surprises, individuals should read the policy document carefully so as to ensure that they completely understand the inclusions, exclusions, and limitations of the policy before choosing the policy.
