A Best health/Mediclaim insurance plan should have the following features
There are many unpredictable events / happenings in life, such events bring many changes in your life which takes you somewhere. One such incident is an accident. The name of the accident seems to be something that can happen to anyone and anywhere.
Accidents can lead to the death or serious injury of a person which causes great financial difficulties for the family. Such an accident is not even thought of by the family and such trouble requires a lot of money and the family is not ready for it.
The following benefits / features are offered in Personal Accident Insurance.
- Death Benefit
- Transportation of Mortal Remains Expenses
- Funeral Expenses
- Permanent Total Disability Benefit
- Permanent Partial Disability Benefit
- Loss of Income/Temporary Disability Benefit
- Accidental Hospitalization Expenses
- Day Care Treatment Expenses
- Hospital Daily Cash Benefit
- Pre & Post Hospitalization Expenses
- Fracture Care Benefit
- Coma Due to Accidental Bodily Injury – Benefit
- Children’s Education Benefit
- Emergency Road and Air Ambulance Benefit
- EMI Benefit
- Travel Expenses
- Loan Protector
The health insurance is a type of insurance that covers your medical expenses. A health insurance policy is a contract between an insurer and an individual/group in which the insurer agrees to provide specified health insurance cover at a particular “premium”.
The commonest form of health insurance policies in India covers the expenses incurred on Hospitalization, though a variety of products are now available which offer a range of health covers, depending on the need and choice of the insured. The health insurer usually provides either direct payment to the hospital (cashless facility) or reimburses the expenses associated with illnesses and injuries or disburses a fixed benefit on occurrence of an illness. The type and amount of health care costs that will be covered by the health plan are specified in advance.
All of us should buy health insurance and for all members of our family, according to our needs. Buying health insurance protects us from the sudden, unexpected costs of hospitalization (or other covered health events, like critical illnesses) which would otherwise make a major dent into household savings or even lead to indebtedness. Each of us is exposed to various health hazards and a medical emergency can strike anyone of us without any prior warning. Healthcare is increasingly expensive, with technological advances, new procedures, and more effective medicines that have also driven up the costs of healthcare. While these high treatment expenses may be beyond the reach of many, taking the security of health insurance is much more affordable.
Insurance companies have tie-up arrangements with several hospitals all over the country as part of their network. Under a health insurance policy offering cashless facility, a policyholder can take treatment in any of the network hospitals without having to pay the hospital bills as the payment is made to the hospital directly by the Third Party Administrator, on behalf of the insurance company. However, expenses beyond the limits or sub-limits allowed by the insurance policy or expenses not covered under the policy have to be settled by you directly with the hospital. Cashless facility, however, is not available if you take treatment in a hospital that is not in the network.