Health Cover: How Family Floater health insurance plans work to your advantage?
Investors India|June 2024
The right amount of health insurance coverage can help you stay on track with your finances and life goals. In the absence of health insurance, one may be forced to delve into current investments, jeopardising ambitions such as children's education and home ownership.
Sanjeev Puri
Health Cover: How Family Floater health insurance plans work to your advantage?

Purchasing health insurance has long been viewed as a risk-mitigation strategy to address rising medical expenditures. By paying a nominal premium, you can purchase health insurance or the sum insured, up to which your insurer would reimburse the hospital. This ensures acover medical expenses.

Many young people think about purchasing health insurance when they are older. By the time a person reaches middle age, they may have medical concerns such as high blood pressure, diabetes, and so on, and their coverage may be limited. The younger you are, the lesser the price, and you can also purchase higher coverage. If you are young and healthy, don't put off obtaining health insurance. It makes sense for a young person to obtain health insurance when they are young, rather than waiting until they are older or develop a chronic ailment.

The cost of hospitalization can reach lakhs of rupees, depending on the city and type of facility. During the recent epidemic, it was also observed that if one family member became infected, several others quickly became afflicted. Purchasing appropriate coverage of roughly Rs 25 lakh could be beneficial in the event of hospitalization, particularly for individuals living in Tier 1 cities.

But, when you look to buy a plan, there are several different types of plan and there are various features in each plan. To make the buying process simpler and make it an informed buying decision, here is a run-down on some of the basic things and features that you may look at while buying health insurance plans.

Indemnity plans or Defined-benefit plans

この記事は Investors India の June 2024 版に掲載されています。

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この記事は Investors India の June 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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