11 Features Of The Health Insurance Plans For Individuals In India

The health Insurance plans for Individuals come with extensive features. Here are 11 features you should know about this policy.

Image Source: Shutterstock
Image Source: Shutterstock

A health insurance policy is a health cover that pays for the insured person’s medical bills arising due to illness, accident, or injury. The primary goal of health insurance is to help lower the burden of uncertain life events such as accidents and illnesses. With the health insurance plans for Individuals, you can get quality health services and comprehensive medical coverage in times of need.

How Does Health Insurance Work?

Health insurance is an agreement where the insurer agrees to pay for the hospitalisation costs of the policyholder. Under this policy, there is a predetermined sum, the maximum amount the insurer pays to the insured during a medical emergency. In return, the insured must pay a premium regularly.

Health Insurance plans for Individuals will help you beat the rising medical inflation and provide you and your family with financial protection in case of emergencies.

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11 Features of the Health Insurance Policy

Understanding the importance of health insurance in today’s time is crucial. It can help secure the financial future of your family. The health insurance plans for Individuals come with extensive features. Here are 11 features you should know about this policy:

  • Coronavirus Treatment

You can stay safe in this time of the COVID-19 pandemic with the health Insurance plans for Individuals. This policy covers specific medical expenses incurred for the treatment of coronavirus.

  • Pre-existing Illnesses

Pre-existing illnesses refer to the illnesses the policyholder suffers from before buying the health insurance policy. The health insurance policy covers critical illnesses after a certain waiting period. Therefore, make sure to check the waiting periods before buying the policy.

  • Co-Payment

The co-payment clause in a health Insurance plans for Individuals states a certain percentage, and the policyholder has to pay this percentage of the medical expenses incurred.

  • Cashless Claims

The policyholders can avail of cashless claims at the network hospitals of the insurance company. This facility can help you avoid the struggles of settling the medical bills with the hospital. You do not have to file for reimbursement, and the insurance company will settle the expenses directly with the hospital.

  • In-Patient Hospitalisation

India’s best health Insurance plans for Individuals can help cover your expenses, such as room rent, doctor’s fees, ICU charges, etc., during a planned or unexpected medical emergency up to the maximum sum insured.

  • Pre-and Post-Hospitalisation Expenses

This feature of the health Insurance plans for Individuals can cover your medical expenses incurred up to 30 days before the hospitalisation. It also covers the follow-up expenses incurred after getting discharged from the hospital. The post-hospitalisation expenses are covered for up to 60 days.

  • Advanced Medical Care

The health insurance policy can help you get access to advanced medical care and get coverage for treatments, including robotic treatments and organ transplants.

  • Domiciliary Hospitalisation

Some health insurance policies offer the benefit of domiciliary hospitalisation. It is where the insured is considered hospitalised even when they are being treated at home. The health Insurance plans for Individuals covers the domiciliary care expenses up to a specified period.

  • Daily Allowance

This policy also covers the everyday expenses during hospitalisation. The insurance company provides a fixed amount to cover your daily expenses during hospitalisation.

  • AYUSH Treatments

With the health Insurance plans for Individuals, you do not have to let the lack of finances discourage you from getting quality healthcare. The health insurance policies offered by Care Health Insurance also cover the AYUSH treatments. 

  • Tax Benefits

You can avail of tax deductions on the premium paid toward a health insurance policy under section 80D of the Income Tax Act of India.

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With so many options available in the market today, picking the right policy that offers you maximum returns can be difficult. You can consider buying health insurance from a trusted brand like Care Health Insurance. They offer this policy at an affordable premium and offer extensive benefits.

Author Bio: Vinod Gill is a writer who specializes in writing content on Finance and Banking subjects. He is a Digital Marketing Consultant, Blogger, and Co-Founder of Ecompany.

(The article contains the personal views of the author. India Ahead News does not endorse the same)