Health Insurance provides security against any form of injury, accident or illness. Having a health insurance cover will ensure that the payment of sum will be made to the persons insured against if any unfortunate incident happens. Many companies offer health insurance plans and policies.
These plans are very useful in saving expenses occurring from treatment of critical or chronic ailments and major surgical charges. When one goes for any insurance plans, he or she has to pay an agreed sum which is called premium. By paying premium, the person ensures himself of all the expenses arising from medical needs. The insurer company will have the responsibility of taking care of one’s medical needs and treatment cost. However, the amounts of premium wil decide how much insurer will be paying for the treatment.
The health insurance companies in India cover a wide range of categories including,
- Hospitalization Plans
- Personal accident
- Critical Illness Plans
- Mediclaim
- Specific Conditions Coverage
Hospitalizations plans takes care of all the expenses incurred during the insured’s stay in hospital for the treatment purpose. The insurer company pays for the bills accruing from hospitalization related costs. Personal accident plans cover a vast range of unfortunate accidents including, loss of limbs and eyesight, temporary disablement, death, partial disablement etc directly resulting from accidents.
Critical illness plans are concerned with problems arising from kidney failure or heart disease or stroke etc. In such cases, the insured person will be able to avail the treatment the cost of which will be borne by Health Insurance Company. Mediclaim plans covers person’s stay at hospital and related expenses of any form including x-ray, surgeon’s fees, pacemaker etc.
Lastly, Specific Conditions Coverage, as the name suggests, takes care of complex diseases including diabetes, cancer etc. As we can see, there are several beneficial health insurance plans available for people that can be chosen depending upon particular needs and priorities.