By paying a small premium, you can buy health coverage or the sum insured, an amount up to which your insurer will reimburse the hospital. This ensures you do not have to dip into your savings to meet medical bills.
Many youngsters contemplate buying health cover when they get old. By the time one is a middle-age person, there could be medical conditions such as high blood pressure, diabetes, etc. and may get a limited cover. The younger you are, lower is the premium and you can buy high cover too. If you are young and healthy, do not procrastinate about buying a health insurance policy. A youngster should not wait to get older or get any chronic illness as it makes sense to buy health insurance when you are young.
Cost of hospitalization owing to coronavirus is running into lakhs depending on the city and type of hospital for the 10-14 days of treatment. What has also been witnessed during the recent pandemic is that if one family member gets infected, many other members also get infected in a quick time. Buying adequate coverage of around Rs 25 lakh could be of help at the time of hospitalization especially for those living in tier I 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
Denne historien er fra April 2022-utgaven av Investors India.
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Denne historien er fra April 2022-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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