Skip to main content

ON MEDICLAIM & HEALTH INSURANCE.


WHY HEALTH & MEDICLAIM INSURANCE ???????
It is truly said that……….
We all work so Hard to earn money that we Ignore our Health, Later We Spend Lots of Money to Regain Our Health.
Now a days it’s noted that Most of us due to High Level of Stress & Work Commitments suffer from ailments which leading to Hospitalisation.
It is also noted that Most of us are not Adequately Covered under Health / Mediclaim Insurance. We ignore the fact that it is the Utmost Necessary Provision needed under our financial plan.
What are the ill effects of Not Being Covered or Being Covered Inadequately?
Not Being Covered or Covered Inadequately puts Our Family under Tremendous Stress & Strain where in one has to liquidate Entire Life Savings Leading to a Financial Crunch for One & All in the family.
So it is of UTMOST IMPORTANCE that one Review the Health & Medical Insurance at Every Stage of Life & Increase it so as to be Covered Adequately.

What is a Health/ Mediclaim Policy You may Ask???
It is a cover where in expenses related to hospitalization are paid by the insurance company subject to terms & conditions & guidelines laid down by the respective companies.
The Hospitalization should be related to contracting an illness, diseases or surgery where in hospitalization is necessary & is advised by a doctor.
TYPES OF MEDICLAIM & HEALTH INSURANCE POLICIES.
This era of competition has led to the opening of health & mediclaim insurance products offered by a variety of insurance companies in the market.

The Different types of Policies are….
  1. Individual Mediclaim.
  2. Family Floater mediclaim. 
  3.  Top up mediclaim.
  4. Health insurance with critical illness cover.
CERTAIN TERMS & CONDITIONS UNDER MEDICLAIM.
Validity of the policy :- 1 year for treatment in India only.

Premiums :- The Premiums are paid once every year, depending on the age of the policy holder. & the Zone where one stays.
Family discount :- Most of the Individual Mediclaim policy offer a family discount on their premium’s when spouse & dependent children are covered under the same policy. The maximum discount offered is 10%.
Cumulative Bonus :- Most of the Insurance Companies give Cumulative Bonus to the extent of 5% of the sum insured or the period you have no claim under the policy.
Expenses :- Reasonable, customary & necessary expenses are reimbursable under the policy like…
¨      Room charges to the extent not exceeding 1% of the sum insured per day or the actual amount which ever is less
¨      ICU charges to the extent not exceeding 2% of the sum insured per day or the actual amount which ever is less
¨      Surgeon, anesthetist, medical practitioner fees
¨      Pre Hospitalization medical charges up to 30 days before hospitalization
¨      Post Hospitalization medical charges up to 60 after discharge from hospital
For detailed list of expenses allowed one must read the prospectus of the respective insurance companies.


Before signing up one should go through the following.
1.     Permanent Exclusions
2.     Waiting Period for certain Diseases.
3.     Network Hospitals.
4.     Claims Procedure.


TO KNOW MORE WRITE IN 
planmyinsurance@gmail.com


Premium Calculator For New India Assurance Co Ltd.
Premium Calculator For Apollo Munich Health Insurance
Labels:

Comments

Post a Comment

Popular posts from this blog

HEALTH PLAN FOR DIABETICS

Attention Diabetics MUCH AWAITED HEALTH PLAN / MEDICLAIM FOR DIABETICS & HYPERTENSION IS HERE. This plan is valid for one's suffering with TYPE II DIABETES. i.e NON INSULIN DEPENDENT. Its A Health Cum Wellness Plan, Where you get a Health / Mediclaim (Hospitalization Cover) From Day One... With NO WAITING PERIOD For ailments related to DIABETES & HYPERTENSION. The Plan Has NO LOADING, NO SUB LIMITS. There is an Option of Co pay upto 20%. The wellness plan gives you an integrated health portal so as that you can monitor your health records at one place. It also facilitates you with a Health Coach which will interact with your goodselves. should you maintain your health. the plan rewards you with discounts on premium on renewal. for further details write to  planmyinsurance@gmail.com insurance is the subject matter of this solicitation.
Post a Comment
Read more

HEALTH CARE SUPREME

HEALTH CARE SUPREME THE LATEST IN THE OFFING IN HEALTH INSURANCE. Highlights:- ·         Sum Insured Options From Rs.5 Lakhs To Rs.50 Lakhs. ·         No Medicals for any sum insured for upto 45 years of Age. ·         No Sub Limits On Room Rent Or Any Other Expenses. ·         Waiting period for Hysterectomy, Cataract - covered after 1 yr ·         Pre Existing Diseases Covered after 24 Months *( refer policy terms & Conditions) ·         Pre Hospitalization Expenses Covered For 60 Days. ·         Post Hospitalization Expenses Covered For 90 Day from date of discharge. ·         Road Ambulance Covered upto limit of Sum Insured. ·         Air Amb...
Post a Comment
Read more

HOSPITAL CASH POLICY

HOSPITAL CASH PLAN In event of hospitalization this plan helps you cover up additional hospitalization expenses like attendant food & accommodation which are not covered under the standard Mediclaim /health plan. Under this plan you are paid Daily Cash Component for each continuous and completed period of 24 hours of hospitalization due to Sickness or Accident. Maximum up to 90/180 days per policy year, depending on the plan taken . The Benefit is DOUBLED in case of I C U admission for each continuous and completed period of 24 hours of hospitalization due to Sickness or Accident. Maximum up to 15 days per policy year. NO MEDICAL TEST NEEDED BENEFITS: - One can take this policy along with or over and above the existing mediclaim/health policy. The CONITION OF SUB LIMIT ON ROOM RENT DOESN’T APPLY. It is paid irrespective of the ROOM RENT PAID. Premium paid under this plan is eligible for 80 D benefit . ILLUSTRATION TYPE OF ADMISSION PER DAY ...
Post a Comment
Read more