Health Insurance Plans
Health insurance is meant to provide financial cover against hospitalization costs, prescription fees, medical bills, etc. With soaring medical bills and hospitalization costs, buying health insurance has become more than just an option; it has become a necessity if you seek the best medical care without worrying about the financial strain it might bring on your wallet. One can get health insurance against regular premium payments. These premiums depend on age, medical conditions, coverage, policy term, etc. Ensure that you find the best health insurance plans and additional riders that meet all your future medical requirements
What Is Health Insurance?
Health insurance plans in India are basic indemnity-based insurance products, which are specifically designed to provide financial assistance against medical expenses incurred in case of hospitalization or critical illnesses.
●
Health insurance in India is a contract between an insurance provider and a customer which promises the insurer to pay for the medical bills if the policyholder is injured or sick in the future, resulting in hospitalization.
●
Health insurance covers medical expenses, which includes hospitalization & treatment charges along with surgeries or any other medical cost.
●
Generally, insurance companies who provide the best health insurance plan in India are associated with a vast network of hospitals, which ensures convenient cashless treatment for the policyholders.
●
Furthermore, a health insurance policy also helps you cope with the work-pay loss while undergoing treatment, which may otherwise cause imbalances in your family finances. In other words, having coverage with the best health insurance in India will enable you to opt quality medical treatment without burdening your savings.
Types of Health Insurance Plans
The best health insurance in India is the one that can adequately satisfy your specific financial needs. To be able to make an informed decision before purchasing, you must know the many types of health insurance plans in India, such as:
- Cancer insurance plans
- Critical Illness benefit
- Individual health insurance plan
- Family Floater Health Plan
- Group Health Cover
Let us take a closer look at these plans in detail:
Cancer Insurance Plans
Cancer Insurance plans
help tackle the medical treatment expenses in case you are diagnosed with cancer. These plans provide comprehensive protection against all stages of Cancer. You receive a portion of the cover paid upfront upon diagnosis of cancer at an early stage, while all the future premiums are waived. If cancer is detected at a major stage, you may receive the full cover amount with an additional income for a specific period.
Critical Illness Plans
Along with the best health insurance in India, you can get a critical Illness plan/benefit that helps you avail comprehensive financial protection in the form of payouts upon diagnosis of any life-threatening ailments. Unlike health insurance companies, Max Life Insurance offers Critical Illness Benefit as an add-on feature with its Max Life smart secure plus plan (A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan UIN: 104N118V02) which is a term plan.
Benefits of Health Insurance Plans in India
Health insurance plans provide comprehensive coverage against the medical costs associated with the treatment of life-threatening ailments such as cancer and other medical emergencies. With comprehensive health insurance coverage, you can protect your finances while your medical insurance plan takes care of the high medical bills, hospitalization, and other treatment expenses. Here are a few benefits of investing in the best health insurance policy in India