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Health Insurance

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Health insurance that an insurance covers the whole or part ,to the person when he or she incurred the expenses due to medical. In other words it is the policy that give you promise that financial coverage for medical expenses when you hospitalized.

Health insurance plan is one of the secured and safest way of protection to policy holder due to unexpected medical expenses and surgical expenses to him and his family.

what is health insurance?

it is medical related policy that promise to policy holder that financial coverage for medical expenses when he or she hospitalized. this health insurance plan covers the policyholder with cashless hospitalization at a tie up hospitals or provide facility of reimbursement of incurred medical expenses.

Health insurance plans are provide  policyholder coverage of daycare hospitalization, pre- hospitalization and post hospitalization[After discharge from the hospital]

Health Insurance plans are reimburse the insured his/her medical expenses including surgeries,Medical treatment,Bodily injuries and hospitalization expenses

during the policy term. It also offers to coverage facility of  cashless hospitalization at network hospitals during the policy term. You can also get tax deduction under section 80D of the income tax Act of 1961.

medical cost are rising everyday. It is one of the big challenge to everybody how to overcome from this problem.If you not having health insurance,you will face dire situation at the time of illness.  It is better to preparing yourself against the this situation is having the health insurance.

Why Health Insurance is Important?

health insurance is very essential today. It is protect your health and your savings.

It provides  several benefits to you and your family. Medical treatment  expenses and other expenses eat your savings. If you having health insurance you can protect your savings,. it also provide tax benefit.

medical Emergencies are unpredictable and rising medical in medical expenses, getting quality treatment is very difficult and very expensive. It  can cause a rapid loss of your savings.

If you having a health insurance,depending on the inclusions, a majority costs are covering.It reduces the amount  spent of out of pocket from you.

Covering other medical expenses

Health insurance policy not only covering hospitalization but also covering other expenses  before hospitalization. Such are  included doctor’s fees,Diagnosis test fees, Ambulance fees, medicine and drugs cost, operation theater charges, Room rent, Surgical Expenses.

Operation process fees[ Anesthesia, Blood, oxigen], Post hospital consultation, Day-care treatment, Cataract, joint replacement,Domiciliary hospitalisation,Evacuation, Vaccination so and so relevant to the insured.

Uninsured person receive less medical care and less timely care. so  opt for health insurance is undisputed.Most of the insurance policies having the facility of cashless hospitalization.

When you falling the illness or injury or disease you will option of choosing the hospital. It makes the quality medical treatment available for the insured without the hassle of paying treatment expenses.

 Coverage for family in floater Basis

Insurance companies provide you policies on floater system. It reduces the premium cost.If you opt the health insurance on the basis individual  it can get expensive.Floater includes individual, spouse and children.

If you opt the health insurance under floater, you can expenses the limit individually to maximum up to basic sum insured or totally family expenses up to maximum  of basic sum insured.

It is not only reduced your premium cost but also provide additional benefits. it ensures you all type of medical treatment in the family are covered.

Types of health Insurance plans

Individual Health Insurance-As the name indicates, these type of policies issued individually. Under this policy you entitled to receive the spend amount during a hospitalization. In this policy covered members received the claim individually up to basic sum insured.

family Floater plan– instead of buying individual plan opt for family is better. This health insurance plan covered whole family. And you save the money. Premium is very lower when compare to separate individual plan. Family floater health insurance plan covers whole family under single premium.

Senior citizen policy–  It is applied to who is crossed age of 60.Actually this plan is costlier than other policies.  Disadvantage of this plan is, when claim arises  for medical treatment,100% payout  not available. because when we crossed above age of 60 we are nearest to hospital. that means, the senior citizens are more prone to illness and diseases. only some insurance companies provide this policy.In some insurer asked medical check-up before allotting the policy. In this cases your policy may be declined or you are asked for paying additional premium. But in star health insurance, senior citizen policy issued without any medical check-up under some terms and conditions.

Unit linked health insurance plans-It is investment cum insurance plan. In this plan part of the premium invested in share market and offers insurance to insured. The claim returns depending on performance of the market.

Critical illness plan– Provide financial help, when insured hospitalized for critical illness.Common ailments are covered under this plan is

  • cancer
  • major organ transplant
  • stroke
  • Primary pulmonary arterial Hypertension
  • Aorta graft surgery
  • First heart attack
  • Multiple sclerosis
  • kidney Failure
  • paralysis
  • Bypass surgery for the coronary artery

Personal Accident plan-

Specifically covers the unforeseen accidental injury or death.Covers to accidental injuries or death. Lump Sum is paid to nominee of the insured in case of death, in case of injury  Hospital expenses payable to insured. In case of partial and permanent total disability due to accident lump sum is payable to insured.

Group health insurance plan-

This type of policies applied for where  employee and employer relationship is existed. These plans almost business owners and industrialists opted for their employees welfare. An Employee and their family member can covered for medical treatment under this plan.

Super surplus plan

When your primary health insurance plan is exhausted, you can use this plan. this plan are comes under ‘deductible’ clause. For example if you opt for this policy for rs 30 lakhs and deductible is rs 5 lakhs, over and above of 5 lakhs of up to 30 lakhs payable for incurred medical treatment. one the big advantage of this policy is a large amount of coverage for low premium.

Benefits of health insurance
  1. cashless treatment-If you health insurance policy holder, you can avail for cashless treatment without paying from your own pocket.
  2. Pre-Hospitalization expenses.-Means you are eligible for reimbursed incurred medical expenses before hospitalization. That is depend upon time conditions on different policies. In some health insurance plans covering pre -hospitalization 30 days before what you incurred for medical, in some plans 60 days before, in some plans 90 days before.
  3. post-hospitalization expenses- It is covered the expenses of after discharge from the hospital. When you hospitalized once , you are going to medicated for some times after discharge, that is about check-up, Diagnosis , or medicine related. After the discharge from the hospital you are avail of this facility. this is also time limit depending upon plan.
  4. Ambulance Expenses- You are covered transportation expenses, When you  get hospitalized, the plan covered transportation charges from your home to hospital and hospital to to your home. Expenses reimbursement limit depend upon your health insurance plan.
  5. Covering health check-up cost-

If you are health insurance policy holder you are avail of this benefit. Health check-up costs are covered, depending on your claim status. time limitation depending upon plans, every year, or 2 years once or 3 years once.

6.      No claim bonus-Means when your policy claim free, some portion of sum assured  amount added to basic sum assured. It is from 5% to 100% lump-sum added depending upon your plan.

7.      Ward charges-One of the main part of the expenses in room rent when you are hospitalized. In some multispeciality hospitals, 50% of expenses cost is room rent than surgery or treatment cost. If you health insurance policy holder you are eligible for covering this facility depending upon how much you opt for sum Assured amount.

8.    Tax benefit- You are eligible for getting tax benefit under section 80D of income tax Act of India 1961.

9.     Hospital Daily cash benefit-It is defined some of money daily payout  when you are hospitalized depending upon your plan. the defined payouts depending defined days in the policy year and deductible defined few days in the policy.

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Better Health insurance in India

More than 28 Health insurance companies operating health insurance business in India. Health insurance not like a investment or not like a life insurance plan. It is service related.If you want to select which is better? That is depend how much network hospitals covered  under that health insurance company.

And also depending how much their claim settlement  Ratio and how many branches they are having throughout India. All that consideration i strongly suggest STAR HEALTH INSURANCE performed better.

Star Health Insurance company’s Claim settlement ratio as per public disclosure 90% and Effective Ratio 95%

Health Insurance

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You can opt the policy from below Link. get the proposal form  the the link and filled all required columns. Process is very easy. upload all required documents and  fill the bank details. your premium shows when you filling the form and paid the premium as per your requirement through asked payment mode.

After filling all required details and after payment you will get policy within 48 hours from the company.

Before filling the Details study the all term and conditions,Details of policy and   your eligibility through the policy Brochure.

Conclusion

Solution for  against the Rising medical cost is Having the Health Insurance undisputable subject. So many health insurance companies operating health insurance business in india, According service, Ranking and number of tie-up hospitals star health insurance company performed better.

Are you younger, you save the premium compared to aged one. If you became policy holder today you saved your hard earned money. when you go on aged you are nearest to hospital and you con’t earning also. without earning you con’t savings also.

If you became a policy holder you can get  Quality treatment and in time treatment. so i confidently recommend you that  get a policy now.

Health Insurance

 

 


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