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Jan 08, 2025
Is Varicose Vein surgery covered under the health insurance policy in India
Health Insurance
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Know the available conditions in which user can easily claim the health insurance
It’s no secret that medical expenses are on the rise. And with the COVID-19 pandemic, it’s even more important to buy health insurance cover for yourself and your family. The unpredictability of the disease has made healthcare exigencies unpredictable too, which means people need access to good facilities and hospitalization costs can be financially strenuous. A good health insurance plan provides protection when you need it most!
However, it is necessary for you to understand as a customer when you can claim insurance benefits before you buy health insurance online. This blog provides you the available conditions when you are eligible to claim health insurance benefits so that you are not missing out on potential claim advantages.
Before you buy health insurance online, here are some claim conditions you should know:
Emergency Hospitalization
Medical emergencies rarely come with a warning. The primary reason for buying Health insurance is to protect your family from the financial burden of an unexpected illness, injury, or accident. It also provides peace of mind knowing that your finances are covered if something happens to you. Even if you are financially stable, medical emergencies can arise at any time which will cause a strain on your finances. Health insurance policies cover emergency healthcare expenses including hospitalization and provide tax exemptions under section 80 D of The Income Tax Act, 1961.
If you opt for a comprehensive health insurance plan, you’ll receive pre and post-hospitalization coverage as well. Pre-hospitalization coverage includes tests conducted 30 days prior to hospitalization. Medicines, tests, and follow-ups are covered under post-hospitalization charges for up to 60 days after discharge.
Also Read: Best Health Insurance Companies in Claim Settlement 2021-2022
Annual Check-ups
We are all aware that taking care of our health is critical. At every stage in life, we need to make sure that we are practicing healthy habits and getting routine checkups. Major health insurers provide free annual check-ups in India. It means you get one health checkup for free every year, irrespective of your claims on that financial year. However, some firms provide a free check-up after 4 consecutive claim-free years. It means if you do not raise a claim for 4 consecutive years, you get one free health checkup in the fifth year.
AYUSH Treatment
AYUSH Treatment is an alternative to traditional western medicines and stands for Ayurveda, Yoga, Unani, Siddha, and Homeopathy. The IRDAI (Insurance Regulatory and Development Authority of India) directed all insurance companies to include coverage for these alternative medical procedures in their policies in 2013.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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Jan 08, 2025
Health Insurance
Latest Post
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What consequences does it bring upon the insured if the person offers wrong information on his/her life insurance proposal form? Let us find out in this post!
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There are plenty of life insurance myths that people have regarding and they need to be dispelled.
It is thanks to these wrong ideas that people fail to see insurance as what it truly is – a vital part of your financial planning. You need to understand that these policies are an important constituent of your financial contingency plan – one that would protect your near and dear ones financially in the future. It would make sure that they do not experience a shortage of funds when they need them in the future. In certain cases, it can also act as a source of income following retirement as well as ailments and accidents that render you unable to work and earn.
When Rajesh wanted to purchase a new life insurance policy for his family, many of his friends advised him to understand the claim settlement ratio of a company. Although he didn’t understand what claim settlement ratio is, he knew that it was relevant in making the decision to buy a policy from a particular company. He therefore researched about it, compared plans and at last, he bought a policy from a company that had a high claim settlement ratio.
Buying a new online term insurance plan involves researching on various things like cover, exclusions, add-ons, and one should know about them in detail. For example, Tata AIA is a leading insurance company that offers a wide range of insurance plans in market at very competitive prices. However, being competitive in pricing alone is not enough, it is necessary to understand the company’s claim settlement ratio (CSR) before purchasing a plan.
Saral Jeevan Bima Yojana is a new standardized life insurance policy that has been brought about by the IRDAI (Insurance Regulatory and Development Authority of India) so that people can have an economical life insurance policy.
This is a non-participating and non-linked individual pure risk premium life insurance policy. In this case, your nominee would receive the sum assured if you pass away while you are covered by the policy. In its annexure, the policy states some benefits and riders. Apart from that, it does not offer any other benefit, rider, variant, or option. The only exclusion in the policy is that of suicide.
The Indian government offers various life insurance plans to secure the financial future of people. The PLI or Postal Life Insurance is one such government policy that monetarily protects the lives of your family members at an economical postal interest.
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