Health complications not only cause panic but at times may also result in loss of finances if treatment requires hospitalization. The large hospitalization bills need to be settled, and your savings at such times can take a major hit. If the lone earning member of the family falls ill, the family is likely to undergo stress, and a sudden rise in expenditure will surely affect savings. All these emergencies can be avoided if you procure a health insurance care policy.
The main advantage offered by health insurance policy in India is the extensive medical coverage. Before you select a particular health insurance plan, it is extremely important to gain adequate information about the extent of coverage offered. You also need to check if the plan allows you to include different add-on covers to further enhance the policy benefits.
Personal Protect plan developed by ICICI Lombard can be easily purchased and offers sufficient coverage for injuries due to different accidents. This policy offers numerous benefits and must be considered to ensure the health of the sole earning-member of the family. Moreover, the policy structure can be easily customised with the inclusion of different add-on covers.
Individuals can select a minimum of Rs 3 Lakhs to a maximum of Rs 25 Lakhs sum insured, according to their requirement and budget constraints. Injuries caused by road, rail accidents, accidents due to natural calamities and arising out of terrorism or terrorist acts are all covered under this policy. This insurance policy offers compensation for medical expenses borne by the insured individual and helps to save sudden loss of finances.
Such a personal care health policy also includes Accidental Death cover in this policy plan. In case the insured individual dies within the policy period, the nominee (mentioned in the policy) is eligible to receive compensation of the sum insured. This compensation is sure to help the family of the deceased cope with the untimely loss and also maintain financial stability.