HEALTH INSURANCE
Disease or critical illness or major surgeries are such items that can upset the budget of any family. In today’s time, home budgets of all the family’s contain huge amounts of treatment costs. Despite adopting preventive measures like meditation, yoga and regulated diet, we are prone to DIESEASE due to polluted atmosphere and adulteration of water and food.
Under these circumstances, it is essential to cover this risk appropriately so that in the event of hospitalization or critical illness or major surgeries, we at least get the reimbursement of the expenses and protect ourselves from the sudden financial shocks. Every member of the family should be covered.
Adequacy of health insurance should be considered from the point of status of the hospital where you would like to have your treatment. Broadly there are two kinds of health policies in the market.
Mediclaim Policies: These policies reimburse the cost of hospitalization subject to policy limits. Pre and post hospitalization expenses for medicines and diagnostics costs are also paid subject to policy conditions. Cashless facility is also available in most cases.
Critical illness policies: Stand alone critical illness policies are also available with most of the private life insurance companies and health insurance companies. These policies cover the specified illness and promise to pay the entire sum assured on diagnosis of the specified diseases subject to meeting the policy criterion.
