Best Health Insurance Plans:
What Is Health Insurance Plans?
Best Health Insurance Plans : Health insurance plans / medical insurance reimburse the insured individuals for their medical expenses that include costs related to surgeries, hospitalization, treatments, and the like arising due to injuries, illnesses, or even accidents. Best Health Insurance Policies In case of a health insurance claim settlement, the insurer, that is the insurance company, pays the benefits to the insured as per the terms and conditions of the policy document. Best Health Insurance in India | Best Health Insurance Plans
Best Health Insurance In other words, a medical insurance policy is an agreement between an Best Health Insurance company and the insured where the former agrees to provide the specified payment/compensation for medical expenses in case the latter is ill and requires hospitalization. In most cases, health insurance companies have tie-ups with hospitals, known as network hospitals where the insured can avail of treatment without paying even a single penny.
Let’s know “How many Best Health Insurance Plans are there?”
Individual Health Insurance(Best Health Insurance Plans): -
As the name suggests, an individual health plan offers coverage on an individual basis. However, one can add other members, including spouses, children, parents, etc. by paying an extra premium.
Moreover, the premium is charged as per every individual’s age, medical history, and respective sum insured. In individual plans claim filed by one member, it doesn’t affect the sum insured of the other insured member. Best Health Insurance Policies Therefore, if you are single or do not have kids, you can buy an individual health plan for yourself and your spouse and enjoy the sum insured amount on an individual basis. The premium is slightly higher as compared to a family floater plan because of the comprehensive coverage, and the sum assured that is offered. Best Health Insurance Plans
Family floater insurance plans (Best Health Insurance in India): -
As the name suggests, this type of health insurance plan covers the entire family. It is similar to an Best Health Insurance Policies individual policy except that the sum insured in this case is usually higher and is shared between the family members. One of the main advantages of such an insurance plan is that you need not manage different policies. Moreover, such policies are also more cost-effective than buying an individual policy for each member.
For example, if you have a family health plan of Rs. 10 lakhs and one of the family members has to undergo open-heart surgery and has utilized Rs. 5 lakhs in a year. Then for all the other members can only claim for Rs. 5 lakhs more during that year. In such cases, an individual health plan would be a better option. Best Health Insurance
Group Health Insurance (Best Health Insurance in India): -
A Group Health Insurance policy is designed for a group of employees working together. So if you own a start-up or a corporate house, you should buy such plans for your employees. It is a kind of benefit offered to the employees. As an employer, you can buy the cover to boost the rate of employee retention.
Group Health Insurance Plan comes with a low cost premium. Some insurance companies allow to refill the sum insured, that too, unlimited times, if it is exhausted. Best Health Insurance Plans A Group Health Insurance Plan covers you for hospitalization due to accident, illness, critical illness, psychiatric illness, and maternity.
Buying a Group Health Insurance policy not only offers coverage to your employees but also enhance the goodwill of your company. A very crucial point here is that the employees are covered only till the time they work with your company.
Senior citizen insurance plans: -
These health insurance policies are specially designed for senior citizens who are usually above the age of 60. Since old people are more likely to make a claim, the premium to be paid is higher in such cases. Also, many insurers don’t stress on a pre-medical screening or exclude pre-existing diseases before granting senior citizen insurance because old age often comes with health issues.
Critical Illness Insurance: -
A critical illness policy covers life-threatening diseases such as cancer of specified severity, kidney failure, stroke, paralysis, etc. The cost of treatment for such conditions is quite high, and it may require multiple hospital visits over a long period. Apart from hospitalization, there are various other expenses, including doctor visits, chemotherapy, etc. The sum insured amount is paid in a lump sum that can be used to cover all the medical costs.
Hospital Daily Cash Benefit Plans(Best Health Insurance Policies ): -
The type of medical plan offers a lump sum amount for each day of your hospitalization. The sum assured is fixed at the outset and would remain fixed irrespective of the expenses incurred. So, if your plan offers Rs. 5000 per day of hospitalization, you will get the amount for each day of your hospitalization even if your daily hospital expense comes out to be Rs.1000 or Rs.1500. best health insurance company in india.
The insured can utilize this amount to meet additional expenses that are not covered by their basic health insurance plan. You can buy a daily hospital cash plan as a rider or as a standalone cover.
Maternity Health Insurance(Best Health Insurance Plans): -
A Maternity cover can be bought as a rider along with the basic health insurance plan. All the expenses incurred in the prenatal stage, delivery and post-natal stage are covered.
Newly married couples or families who are planning a baby in the coming years should buy this policy. Best Health Insurance Plans It covers for child-delivery (including medically necessary terminations), infertility expenses and coverage for the newborn baby up to its first 90 days. The Maternity Cover has a minimum waiting period of 2 years.
Personal accident insurance plans: -
Accidents are common and the expenses they bring along can drain all your savings. A personal accident insurance covers the cost of medical treatment needed after an accident. Usually, such a policy offers benefits against 3 events – partial disability, total disability, and death due to accident.
Top-Up Health Insurance(Best Health Insurance of India): -
You can buy a top-up policy if you seek coverage for higher amounts. But such plans come with a “Deductible Clause”. So, in case of a claim the payment will be made over and above a defined limit mentioned in the policy.
Like if you have taken a cover for 15 lakhs and it has a deductible of Rs.3 lakhs, then you will have to bear claim up to Rs.3 lakhs. The amount over and above this, will be paid by the insurer.
So, if you seek a wider cover over and above your basic health insurance policy, then you can buy this plan. best health insurance company in india.
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