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Wellness Factors in Health Insurance – Why to opt for one?
In recent times, wellness benefits have become a part of the regular health insurance policies as offered by several health insurance providers. Let’s take a look at the wellness factors in health insurance, in this post.
Life is busy with so many important chores being involved in our day-to-day activities that we hardly get time to think about our health. However, with the increasing number of people being involved in several critical as well as terminal diseases owing to lifestyle changes, stress and other factors, the importance of taking care of your health has become pivotal. Further, the sky-high cost of healthcare as well as the inflation in the healthcare sector makes it all the more important for everyone to get health insurance coverage under a proper comprehensive policy.
What is the Wellness Factors in Health Insurance?
By Health insurance wellness programs, it means several benefits offered by the health insurance companies to enhance the wellbeing of one’s health. Under such programs, the policyholders get rewarded by the insurance providers for being consistent in terms of their health. The various activities involved under the wellness benefits include gym memberships, yoga classes, membership of sports clubs, and several other fitness programs.
What does the wellness benefits in health insurance program cover?
A range of activities are covered under the wellness benefit program including;
- Weight-loss programs
- Programs on Stress-relieve
- Yoga sessions
- Programs for Smoking cessation
- Activities involving Exercise and fitness
- Vaccination initiatives etc.
Advantages of Wellness Benefits in Health insurance Programs
Here is a list of wellness benefits in health insurance program :
- Financial Benefits – Different insurance companies allow different benefits. Some of them let their policyholders redeem wellness points to get reduction on the payments of their health insurance premiums. This way, the insured can make a certain amount of savings on the premiums paid. However, for the optimal utilization of the various benefits available under the wellness benefit program, the policyholder must study the terms and conditions of the policy well to understand the redemption offers. This is because the criteria of benefits might differ from one insurance provider to another.
- Physical and Emotional Health – The various wellness programs provided by insurance companies target at improving the physical and emotional health of the policyholder. By availing these wellness programs, the insured can focus on the preventive measures to improve their lifestyle, which will help improve their physical and mental health. This way, the insured can also monitor health regularly so that you can stay away from diseases and disorders.
Why to opt for Health Insurance Wellness Programs?
Wellness programs under health insurance not just help the policyholder to save money, but also help in opting for a healthy way of life by adopting the various activities under the wellness benefits.
It is a fact that a large population across the globe dies every year due to lifestyle related diseases such as cardiovascular diseases, diabetes, etc. Hence, by encompassing wellness programs under your health plans, you can get involved in various fitness programs to stay fit and save money on medical costs.
Wellness Benefit in Health Insurance
Wellness benefit programs in health insurance are available as wellness points which can be used to pay lower premiums of health insurance or can be availed as membership benefits at selected fitness centers and health clubs. These wellness-oriented policies of health insurance make people proactive about a healthy life.
In general, the wellness programs offered under health insurance policies are fitness related activities, such as physical exercise and healthy food. By being a part of such activities people can get support in attaining good health. At the same time, it helps in avoiding complications related to health. Further, the policyholder can earn attractive rewards to save money on premiums of health insurance along with other benefits.
Health of individuals is the goal that everyone wants to achieve, while wellness is the process of achieving this goal. That is the simple difference between health and wellness. Without wellness, achieving health might be difficult. Wellness directly influences health and thus is important for living a happy and healthy life.
To achieve health and wellness, you must make simple and healthy choices in your day to day life. Also, try to stay relaxed and reduce stress, have social interactions as much as possible and achieve optimal wellness.
It is important to achieve wellness in life because physical wellness supports the overall health of a person. Hence, obtaining an ideal level of physical wellness helps in enhancing your responsibility towards health.
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
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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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