Mediclaim Insurance

When scouting for an ideal health insurance plan, you can choose to secure your entire family under the same policy rather than buying separate policies. Consider your ageing parents, who are likely to be vulnerable to illnesses, as well as dependent children. Ensuring they get the best medical treatment, should anything happen to them, is something you would not have to stress about if you have a suitable health cover. Research thoroughly, talk to experts for an unbiased opinion and make sure you get a plan that provides all-round coverage.

Lifestyle diseases are on the rise, especially among people under the age of 45. Illnesses like diabetes, obesity, respiratory problems, heart disease, all of which are prevalent among the older generation, are now rampant in younger people too. Some contributing factors that lead to these diseases include a sedentary lifestyle, stress, pollution, unhealthy eating habits, gadget addiction and undisciplined lives.

While following precautionary measures can help combat and manage these diseases, an unfortunate incident can be challenging to cope with, financially. Opting for Investing in a health plan that covers regular medical tests can help catch these illnesses early and make it easier to take care of medical expenses, leaving you with one less thing to worry about.

As medical technology improves and diseases increase, the cost for treatment rises as well. And it is important to understand that medical expenses are not limited to only hospitals. The costs for doctor’s consultation, diagnosis tests, ambulance charges, operation theatre costs, medicines, room rent, etc. are also continually increasing. All of these could put a considerable strain on your finances if you are not adequately prepared. By paying a relatively affordable health insurance premium each year, you can beat the burden of medical inflation while opting for quality treatment, without worrying about how much it will cost you.

You may have to compromise on the treatment plan in case of a health condition due to lack of funds. With the best health insurance plan, you have the assurance of procuring the best treatment to overcome any health condition.

These policies will compensate the actual finance that has been incurred. You may avail the entire coverage amount multiple times during the policy term. Below is the list of a few expenses covered under indemnity health insurance.

• Hospital room rent
• Operation theatre charges
• Doctors’ fees
• Medicine costs
• Pre and post-hospitalization expenses

While an unforeseen illness can lead to mental anguish and stress, there is another side to dealing with health conditions that can leave you drained – the expenses. By buying a suitable health insurance policy, you can better manage your medical expenditure without dipping into your savings. In fact, some insurance providers offer cashless treatment, so you don’t have to worry about reimbursements either. Your savings can be used for their intended plans, such as buying a home, your child’s education and retirement. Additionally, health insurance lets you avail tax benefits, which further increases your savings. 

Emergency medical expenses may result in severe financial distress. You may have to dip into your savings or sell your assets to meet such expenses. When you buy a health plan, you are assured of financial stability during an illness. You remain better planned.

If you already have health insurance (for example, a policy provided by your employer) check exactly what it protects you against and how much coverage it offers. Chances are it will provide basic coverage. If your current policy does not provide cover against possible threats – such as diseases or illnesses that run in the family – it could prove insufficient in times of need. And with medical treatments advancing considerably, having a higher sum assured can ensure your every medical need is taken care of financially. But don’t worry if you cannot afford a higher coverage plan right away. You can start low and gradually increase the cover.

These types of health plans pay the entire sum assured if the covered event occurs. For example, if the health plan includes critical illness coverage and you are diagnosed with the same, you will receive the benefits. The objective of such plans is to offer you financial support to meet expenses like:• Physiotherapy or other rehabilitation procedures
• Monitoring devices needed in case of critical illnesses
• Follow-up medical tests and investigations
• Dietary supplements
• Ergonomic furniture or home modifications needed due to your illness