Health Insurance Plans are fundamental indemnity-based insurance products specifically crafted to offer financial support for medical expenses that arise due to hospitalization or critical illnesses. Health insurance in India functions as a contract between an insurance provider and a customer, ensuring coverage for medical bills in case of future injuries or illnesses leading to hospitalization. Health insurance encompasses medical expenses, covering hospitalization, treatment costs, surgeries, and various other medical expenditures. Typically, the top health insurance plans in India are affiliated with extensive networks of hospitals, ensuring policyholders have access to convenient cashless treatment.
Medical Check-ups: Most health insurance policies offer free health check-ups. However, most insurance companies only offer these check-ups for free depending on your No Claim Bonus.The following are the main benefits of being covered by a health insurance policy:
- Cashless Treatment: When you are covered under a health insurance policy, you can avail cashless treatments which essentially means that you can receive medical treatments without having to pay the hospital from your own pockets.
- Cover for Pre & Post-Hospitalization Expenses: Effective insurance policies offer coverage for pre- as well as post-hospitalization expenses for a period of 60 days before and after an insured individual is hospitalized.
- Transportation Expenses: In case you hold a health insurance policy and get hospitalized the plan will cover the costs incurred on using an ambulance to transport you from your home to the hospital or vice-versa.
- Medical Check-ups: Most health insurance policies offer free health check-ups. However, most insurance companies only offer these check-ups for free depending on your No Claim Bonus.
- No Claim Bonus: If you hold a health insurance policy and do not make any claims over the course of an entire policy year, you will be rewarded in the form of a No Claim Bonus.
- Renewal: The renewal of your health insurance policy can also be done online. There is also a lot of flexibility when it comes to renewing your insurance plan. You can alter the terms of coverage based on what you think will work best for you.