HEALTH INSURANCE

Mediclaim also known as Indemnity based health insurance, takes care of the hospitalization expenses and under which the cost of medical expenses is reimbursed to the policyholder. However, the amount reimbursed is only up to the total sum insured. Most of the plans, cover pre and post hospitalization charges. Apart from this, one can benefit from tax exemptions too.

Types of Mediclaim Plans

• Individual Plans:This is medical coverage meant for individuals.
• Family-Floater Plans: Here just one insurance plan can be shared for the entire family. It is considered a cost-effective plan, as a single premium is used for all the family members. Some plans even include parents’ coverage.

Senior Citizen Insurance: These plans are designed for people above the age of 60 years. Elderly people are more vulnerable to serious illnesses, and the cost of treatment for such diseases is also expensive. Therefore, it is better to buy a senior citizen plan for your elderly parents to ensure adequate medical coverage in their post-retirement years. The premium is usually higher because of the extensive coverage benefits.

This is a must-have health policy, especially if you have a family history of diseases like cancer, kidney failure, chronic lung dysfunction, cardiac arrest, etc.
This is a type of Fixed benefit health insurance in which a fixed sum insured that the policyholder signs for, at the time of commencement of the policy.is paid in treatment of specified illness. Note that in case of fixed benefit health insurance, the sum insured paid is to cover expenses for a pre-determined illness or condition that has been insured. Fixed benefit plans do not provide coverage for regular hospitalization expenses incurred by the insured. This is a rider that needs to be added with Mediclaim policy for additional benefit at an additional cost.

Another type of Fixed Health insurance in which one needs coverage against uncalled events like an accident that leads to circumstances like loss of limbs, partial or full disablement, etc. including accidental death. This is exactly the core reason of existence of this plan. Individual and Group accidental covers are available.

2020 will forever be remembered as a crucial time in history. Months have passed but the pandemic is still looming around most of the world and while cases are still rising, we’ve all evolved from being extremely fearful of the unknown to now learning how to live with it. This is the new normal as we all say today. On the surface of it, it may seem like things are slowly easing into normalcy but the reality on ground is actually very different. It is now more crucial than ever to take necessary precautions to ensure we’re in the pinkest of health. This doesn’t mean steering away from the virus alone but staying protected from all other illnesses as well, given that with so many active cases today, healthcare facilities in India are already overwhelmed.
We will like to suggest you suitable Health Insurance plans as per your lifestyle and your health history. Group insurance also available to support your working staff and minimize their risk.