However market statistics show that the decision to opt for an insurance cover does not immediately culminate into a purchase. This is generally due to the availability of multiple types and options of insurance schemes that leave the buyer undecided on the best course of action.
Are you too in a similar stage of dilemma? If so, spend the next few minutes with us, as we acquaint you with the various aspects of a Complete Healthcare Insurance Plan.
For starters, health insurance plans offer the following benefits:
Peace of Mind: Needless to say an insurance plan that provides financial relief in medical exigencies gives immense peace of mind
Reduced Financial Liabilities: Financial liabilities towards healthcare can be addressed by opting for a reliable Individual Healthcare insurance plan.
Quality Healthcare Services: Insurance companies have a tie up with a vast network of hospitals. By opting for a health insurance plan you can get immediate medical attention at such hospitals.
Healthcare Expenses: A health plan safeguards your finances and protects you against losses due to rising medical costs.
How is it different from a Life Insurance Plan?
A life insurance plan offers a lump sum amount (sum assured) to your dependants (nominees) once you pass away. On the other hand, health insurance plans cover the cost of medical expenses.
What are the types of Health Plans?
There are primarily two types of Health Plans: Benefit and Indemnity Plans. While Benefit Plans provide a lump sum amount on being diagnosed with select critical illnesses, Indemnity Policies offer to reimburse your medical expenditure either through a cashless channel or 'pay-and-claim' method.
Complete Health Insurance - iHealth Plan
is a comprehensive plan designed to cover your healthcare expenses during emergencies thereby minimizing your financial burden.
What is Health Insurance?
An agreement between you and the Insurance Company wherein the company agrees to bear your healthcare and hospitalization expenses in lieu of a yearly charge known as premium.
Things to Consider Before Deciding the Coverage Amount:
- Number and Age of Policyholders
- Pre-existing Ailments
Unsure About The Coverage Amount?
Well, opt for the health plan along with a top up plan, in that case. Available at nominal rates, these plans (like Health Care Plus) offer to cover expenses in case your existing health care policy coverage proves to be inadequate
Quick Tip:
Well, opt for the health plan along with a top up plan, in that case. Available at nominal rates, these plans (like Health Care Plus) offer to cover expenses in case your existing health care policy coverage proves to be inadequate.