Health Insurance, The best gift for your family
Health insurance is a contract between an individual and an insurance company that covers medical expenses in exchange for a premium. It helps protect you from high medical costs and provides financial assistance for a variety of medical needs, including:
The healthcare costs are skyrocketing, and it is going to rise exponentially in the coming years. With inflation taking a toll on our lives, how would you ensure that you and your loved ones get the best health services? When it comes to top general insurance, health is also considered an asset. Make sure you protect the health of you and your family by investing in a health insurance policy. This type of general insurance offers financial coverage for medical expenses when someone is hospitalized. There are many types of health insurance policies; these include:
- Individual health insurance
- Family floater health plan
- Senior Citizen health insurance
- Group health insurance
Common features of a health insurance policy include:
- Cover pre & post hospitalizationexpenses
- Financial protection for room rent charges including hospital registration
- Cashless medical treatment
- Coverage for ambulance cost
- Avail coverage for health check-ups once in a block of four claim-free years
Often, general insurance is confused with life insurance. But, the two terms have vast differences. Let’s understand better with the table below:
Health insurance can also offer other benefits, such as:
- Free preventive care, like vaccines, screenings, and some check-ups
- Cashless hospitalization at network hospitals
- Tax benefits
- Help with work-pay loss while undergoing treatment
Some health insurance policies may have waiting periods for certain illnesses or treatments, such as:
- A cooling-off period of 30 or 60 days for illnesses
- A 24-month waiting period for specific illnesses or treatments
- A 12 to 48 month pre-existing waiting period for illnesses or medical conditions you had when you bought the policy
- A 9 to 48 month maternity waiting period
