However, these precautions alone cannot guarantee 100 per cent protection to you from health problems. You need to go for something that allows you financial protection if an unforeseen health emergency strikes.
So what should be done other than following a healthy lifestyle? Well buying a health insurance will solve your issue. It will ensure that you stay stress free . With individual health insurance you don't need to go too far to protect it. The insurance company usually collaborates with a network of medical centres and hospitals all over the country. Buying this insurance plan will help you get protection against the unforeseen health problems.
Buying an insurance plan is an action that you take towards preparing for the unforeseen. Just as you make plans for future by saving money to buy a vehicle, house or going out on a vacation, planning to stay healthy and facing a medical emergency is important.
In the event where you suddenly fall sick or suffer from an injury and require immediate hospitalisation, it is important to have something that helps you pay expensive hospitalization and medication bills. With prices of health care procedures rising high, it has become important to make arrangements in advance. Hospital bills can burn a hole in your pocket. All that you have saved from quite some time may vanish in day. Having an individual health plan is the best way to protect savings.
If you think medical emergency cannot strike you, think again! Physical injury and sickness is inevitable and unpredictable. No one knows what’s in store for the next moment. Unexpected sickness can lead to huge expenses. Buying an affordable health insurance plan will help you face these problems without having to break your bank.
Why Individual Health Insurance Policy?
Buying an individual insurance plan will ensure maximum protection for your health under all circumstances (as stated in the policy terms). Your personal health will be taken care of in case of an emergency if you own a individual health insurance policy.
These days, most hospitals are covered by reputed health insurance organizations. This is an attempt on the part of these organizations to make sure the insurance buyer gets the best treatment as per the demand of the situation without having to spend a lot of money from his own profit.
How Individual Insurance Policy for Health Works?
The individual health insurance works in two different ways:
Reimbursement for Bills
Under this plan, the insurance buyer must pay insurance bills all by himself initially. Thereafter, he can claim for a refund from the insurance organization. In this case, he needs to present the bills.
Cashless Facility
Most insurance companies have a network with renowned hospitals all over the country. When an individual avails for cashless facility, he gets treatment at one of the network hospitals but does not pay the bills. The bill is settled by the insurance company. All the insurance buyer does is, shows the insurance card and the hospital offers the treatment without cash payment.
Cost of Health Insurance Plan for Individual
This actually depends on a number of factors including the following:
Age of the covered individual
Covered individual’s medical history
Past claims made by the covered individual
Benefits of Buying Health Insurance Plan for Individual
Cover against accidental death
Protection against total disablement in the event of an accident
Optional cover against expenses incurred due to accidental hospitalisation
Allowance for accidental hospital on a daily basis
Customised cover that facilitates individual to select from the following amounts:
i. 3 Lakhs INR
ii. 5 Lakhs INR
iii. 10 Lakhs INR
iv. 15 Lakhs INR
v. 20 Lakhs INR
vi. 25 Lakhs INR
Problems related to acts of terrorism
The insurance company also offers EMI (equated monthly instalment) facility for credit card customers.