Some of the best health insurance policy in India provides cover for pre and post hospitalization bills, inclusive of money spent on medical tests and purchase of medicines. The extent of cover provided by health plans India is determined by the insured, based on the affordability of the corresponding premium.
Health Insurance in India is divided into 3 categories:
Mediclaim Policies which are offered by GICs and Non Life companies. These usually entail compensation to the extent of a pre determined sum (based on premium) from the total medical bill. However, this is a basic plan and has a huge list of exclusions. Mediclaim policies also have two variants; the best health policy for family which covers the entire family under one single premium. They have higher coverage and are financially easy on the pocket. The second is Group Mediclaim which is essentially an employers option with coverage between Rs. 15,000 and Rs.5, 00,000.
Hospitalization Cash Policies are offered by Life and Non-Life companies. These ensure an assured cash benefit on a daily basis. However, these do not provide full insurance as the lump sum amount is not defined by the actual cost of medical treatment. These are recommended generally in combination with mediclaim plans.
Critical life care Plans are offered by Life and GICs and cover an individual for specific grave illnesses like paralysis, cancer, among others. This may be considers as one of the options for policy in India for senior citizens
Public sector health insurance in India leaves a lot to be desired while the private health insurance in India has a lot of options to choose from. In the age of increasing health care costs and stressful lifestyles, medical contingencies can be financially devastating. Hence, it is not tough to see why insuring you and your family against healthcare should be a part of your regular financial planning.
Moreover, health insurance in India offers various types of coverage and benefits such as:
Hospitalization charges including consultation, ICU, operative and diagnostic fees. Most policies also provide pre and post hospitalization cover with time periods ranging between 30 days prior and 60 days after admittance.
Logistic costs such as ambulance charges, room and boarding are a part of most policies.
Extended treatments such as Chemotherapy and Dialysis are also covered within the ambit of day care.
Nowadays health insurance in India also provides the option of cashless hospitalization wherein the company settles the bill directly provided you use hospital networks they have established tie ups with.
Health insurance plans also make you eligible for tax benefits of various types based on premium paid, under section 80 D of the IT Act.
The advent of internet and growing popularity of the insurance sector has opened gates for a lot of people who were interested in
health insurance jobs. In earlier days a person would opt for anything but health insurance jobs since it was a target based job and cliental for insurance for not easy to target and handle. Insurance processes were time consuming and tedious and thus employees found it extremely difficult to connect with the consumer. Times have changed and so has peoples outlook towards insurance.
