Risk: Ailment of a member of the family.
Health Insurance ensures that your family gets financial support in case of sudden hospitalization. The insurer pay the medical costs of the insured on hospitalization due to sickness or accident.
Given the current scenario, medical facilities have become extremely expensive. Hence coping with the medical treatment expenditure of a family member may become burdensome for the entire family, especially if the ailing person is the bread earner of the family.
Why Health Insurance?
Every person on this planet suffers from health ailments (major or minor) in their lifetime. And at times the expenditure involved in the treatment of such health issues is so exhorbitant that it takes a toll on the financial well being of the person. One may have to let go all the savings to take care of such medical expenses which are inevitable. But an apt Health Insurance policy ensures that you do not get buried under the ridge of your medical expenses. A Health Insurance policy takes care of the following arenas:
Rising medical costs/ inflation
Rising number of accidents
Severity of diseases
Uncertain hospitalization expenses
What does it cover?
Treatment of the patient under cover
Room accommodation, Surgical operation, Nursing care, etc.
Pre and Post hospitalisation expenses
Day care procedures
Maternity and child care benefits
Emergency ambulance expenses (Surface only)
Organ donor expenses
Free health check ups
Types of Health Insurances Policies
Family Floater Policy
Extended Family Floater Policy
Initial waiting period-30 days
Specific waiting period- 1st and 2nd year disease/treatments like cataract ,hernia, etc
Pre-existing diseases- For 4 continuous policy years