Nobody would like to fall sick, but that’s not in our hand. Most people need medical care at some point in life and have to fall back on health insurance covers. So, it is essential to stay insured all the time and renew your policy on or before the due date.
Humanity has been facing a health crisis, so far unmatched by anything in history. We may have read about the plagues and the cases of flu of the earlier centuries, but the COVID-19 is a virus that has left everyone on the planet fearing for their health.
With the rising instances of diseases and accidents, the demand for health insurance has shown significant growth. A health insurance plan can provide you with financial security in times of a medical emergency. Every individual has certain risks and uncertainties in life. The best way to tackle health risks is to purchase a health insurance cover.
Decoding the terminology in Health Insurance for a healthy life
'Health is Wealth' and therefore, it's essential to care for you and your family's health. With rising costs of hospitalisation and medical treatment, having a health insurance/medical policy is essential. It not only ensures you don't go bankrupt after an illness, but also provides sufficient coverage. Most importantly, even if you don't have to avail it, you get health insurance tax benefits.
An insurance policy which covers the medical and surgical expenses of the insured is called a health insurance policy. Typically, insurers in India provide the following types of health insurance
Usually, the first thought that pops up in your mind when you enter a hospital is how much lighter your wallet will be when you leave. In a world of advanced technologies, the field of medicine is one of the frontrunners, and with technology comes cost. It is not uncommon for a routine check-up bill to run into the thousands..
When you choose a health insurance policy, your medical expenses will be taken care of by your policy provider and in return, you are required to pay an annual fee, called ‘premium’ which can also be paid in monthly instalments. Depending on which policy you opt for and who provides it, health insurance protects your...
Just to give you a perspective about the growing need of health insurance coverage in India, according to the report by WHO, 68% of Indian health expenses are Out Of the Pocket (OOP), which is alarming. Also, only 18% of urban and 14% of rural population in India is covered under health insurance.
An insurance policy which covers the medical and surgical expenses of the insured is called a health insurance policy. People usually use the terms Mediclaim and health insurance policy interchangeably. However, while a Mediclaim policy is limited to hospitalisation charges alone, a health insurance policy is more comprehensive.
The cost of healthcare is consistently increasing in the country. With the rising instances of diseases and accidents, the demand for health insurance has shown significant growth. A health insurance plan can provide you with financial security in times of a medical emergency.
It is often said that ‘Health is Wealth’ and therefore, it’s essential to care for you and your family’s health. With rising costs of hospitalisation and medical treatment, having a health insurance/medical policy is important. It not only ensures, you don’t go bankrupt after an illness, but also provides sufficient coverage.
Decoding the terminology in Health Insurance for a healthy life..
When you choose a health insurance policy, your medical expenses will be taken care of by your policy provider and in return, you are required to pay an annual fee, called ‘premium’ which can also be paid in monthly instalments.Depending on which policy you opt for and who provides it, health insurance protects...
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New Joint Venture Partnership for Indian
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