What Is Health Insurance?

Health insurance is the policy that secures the policyholder family from medical cost which arises from an accident, uncertain illness, or any diagnosis of any disease. Nowadays several companies are offering various types of a plan which provide different benefits like cashless treatment at nay hospitals tax benefits etc.

Is Health Insurance Important?

Nowadays health treatment is very expensive, even a decent hospital can finish up the savings in a few days, and being hospitalized a patient should concentrate on the recovery of health rather than hospital bills. So, for a tension-free life from the uncertain health issue, accident, or lengthy bill we must take a health insurance plan. Health insurance not only protects the policyholder but also secures the policyholder family.

The plan usually considers 5 members of the family they are individual, spouse, and children up to 4 children, with the fixed sum assured, it is very cost-effective for the family because the person doesn’t have to buy an individual policy.

Types of Health Insurance Plans

• Medical Insurance: This plan covered the hospitalization expenses related to treatment and also covered the holder’s expenses transaction into cashless benefits or reimbursement.
• Critical Illness Insurance Plan: This plan is specially designed that can be covered in critical diseases such as heart attack, kidney failure, etc. this plan is not provided under the family health plan, so the person has buys it additionally for covering during a critical situation.

Top Health Insurance Plans in India

Active Assure Diamond (Aditya Birla)

The maximum sum insured amount – Rs 2 crore

Pre hospitalization – 30 days

Benefits and features

• Inpatient hospitalization – in case the person has been admitted more than 24 hours than the plan will cover the expenses relating to the hospital.
• Pre and post hospitalization- any expenses of 30 days before the hospitalization and 60 days after the hospitalization will be covered.
• Domiciliary Hospitalization – if the patient is not able to travel to the nearest hospital or won’t able to get the bed in the hospital.
• And various other things are covered like road ambulance, organ donor expenses, AYUSH treatment, and Tax benefits.

Essential Privilege Plan (Universal Sompo)

Maximum sum insured amount – Rs 10 lakhs

Pre hospitalization – 30 days (60 days in the case informed beforehand)

Benefits and features-

• Daycare – daycare will be provided for less than hours.
• Pre and post hospitalization – 30 before hospitalization and 60 days after discharger expenses will be covered.
• Domiciliary Hospitalization, organ donor facility, child cover, vaccination, critical illness cover, and tax benefits.

Care Health Plan (Care Health Insurance Company)

The maximum sum insured – Rs 6 crore

Pre hospitalization – 30 days

Benefits and features-

• Daycare treatment- daycare will be provided in case of fewer than 24 hours.
• Pre and post hospitalization – 30 before hospitalization and 60 days after discharger expenses will be covered.
• No claim bonus, AYUSH treatment, Medical screening, and tax benefits.

Health Companion Individual (Max Bupa)

The maximum sum insured – Rs 1 crore

Pre hospitalization – 30 days

Benefits and features-

• Domiciliary hospitalization- this facility is provided if it continues for 3 consecutive days.
• Pre and post hospitalization – 30 before hospitalization and 60 days after discharger expenses will be covered.
• Refill of Insured sum if the policyholder exhausted all his/her accumulated bonus than this plan provides a refill of the insured sum only once in a year.
• Animal bite vaccination, ICU cost cover, living organ donor transplant waiting period were also cover in this plan.

Optima Restore (HDFC Ergo Health {formerly known as Apollo Munich})

Maximum Sum Insured – Rs 50 Lakh

Pre hospitalization – 60 days

Benefits and features-

• Daycare – daycare will be provided for less than hours.
• Pre and post hospitalization – 30 before hospitalization and 60 days after discharger expenses will be covered.
• Domiciliary Hospitalization, organ donor facility, E-opinion, critical advantage rider, pre-existing disease waiting period are also covered in this plan.

References

• https://www.policyx.com/health-insurance/best-health-insurance-plans/ https://securenow.in/insuropedia/what-does-pre-post-hospitalization-expenses-cover/
• https://www.coverfox.com/health-insurance/mediclaim-policy/best-mediclaim-policies-in-india/
• https://www.wishpolicy.com/insurance-companies/united-india-health-insurance/