Studies show that present-day lifestyle of an individual is more vulnerable to ill health than it was decades ago. Faster life, unhealthy and improper diets, physical stress, mental strains, deteriorating environment are among the common factors contributing to the degrading health of individuals. With hospitalization costs on rise, a health insurance policy becomes your favorite buddy at the hour of need. From per-hospitalization to post hospitalization, your medical expenses are taken care of by the insurance company until the limit specified is reached.
Types of Health Insurance:
Insurance companies in India offer different types of health insurance products for the prospects to choose from. These health insurance policies are designed well enough to suit your specific requirements.
Individual health insurance covers each member of a family separately. Thus, each member may use the cover limit separately. Put together, the premium for individual policies will be more than that of a family policy. I’ll prefer a family health insurance over an individual health insurance; in that the entire family is covered under a single policy. The insurance limit may be used by any member of the insured family any number of times. But in that case the concern would be – what if more than one member of the insured family needs to utilize the policy and the total cost passes over the cover limit?
Travel health insurance:
Travel health insurance plays a significant role when you plan a vacation abroad. In countries like UK, medical treatments and hospitalization costs are high enough to drain your travel funds. Holidays in countries where falling ill turns out to be exorbitantly pricey, you might need a travel health insurance.
Group health insurances:
Small groups to large organizations avail the benefits of a group health insurance policy wherein every member of the group/organization is medically insured. The purpose can be insuring the health of the members/employees, thereby benefiting them. Group insurances have an advantage of lower premiums and customized policies for members.
Critical Illness Insurance:
Very important. Critical illness insurance covers 8-9 illnesses that may be fatal in nature and are diagnosed unexpectedly. Personally, I prefer everyone to get insured under this policy as it provides a lump sum amount to cover for the huge expenses that come along.
Procedure:
Application process is simple once you have finalized on the insurance company you want to go with. Visit the company’s website, select the type of health insurance policy you seek, calculate the premium online, fill in the required details in application form and purchase the policy by making online payment. You may also call on the company’s helpline number and put a request to send their executives to your address.
Finally, an important thing to understand is that every individual’s requirement is different. Your needs are different than those of your neighbor’s. It is advisable to not imitate their decisions and select a health policy that suits you the best.
Source: http://www.hdfcergo.com/health-insurance/health-suraksha.html .
Insurance companies in India offer different types of health insurance products for the prospects to choose from. These health insurance policies are designed well enough to suit your specific requirements.
- Individual v/s Family health insurance
- Travel health insurance
- Group health insurance
- Critical Illness insurance
Individual health insurance covers each member of a family separately. Thus, each member may use the cover limit separately. Put together, the premium for individual policies will be more than that of a family policy. I’ll prefer a family health insurance over an individual health insurance; in that the entire family is covered under a single policy. The insurance limit may be used by any member of the insured family any number of times. But in that case the concern would be – what if more than one member of the insured family needs to utilize the policy and the total cost passes over the cover limit?
Travel health insurance:
Travel health insurance plays a significant role when you plan a vacation abroad. In countries like UK, medical treatments and hospitalization costs are high enough to drain your travel funds. Holidays in countries where falling ill turns out to be exorbitantly pricey, you might need a travel health insurance.
Group health insurances:
Small groups to large organizations avail the benefits of a group health insurance policy wherein every member of the group/organization is medically insured. The purpose can be insuring the health of the members/employees, thereby benefiting them. Group insurances have an advantage of lower premiums and customized policies for members.
Critical Illness Insurance:
Very important. Critical illness insurance covers 8-9 illnesses that may be fatal in nature and are diagnosed unexpectedly. Personally, I prefer everyone to get insured under this policy as it provides a lump sum amount to cover for the huge expenses that come along.
Procedure:
Application process is simple once you have finalized on the insurance company you want to go with. Visit the company’s website, select the type of health insurance policy you seek, calculate the premium online, fill in the required details in application form and purchase the policy by making online payment. You may also call on the company’s helpline number and put a request to send their executives to your address.
Finally, an important thing to understand is that every individual’s requirement is different. Your needs are different than those of your neighbor’s. It is advisable to not imitate their decisions and select a health policy that suits you the best.
Source: http://www.hdfcergo.com/health-insurance/health-suraksha.html .
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