A health insurance plan is an agreement between an insurer and a policy holder, wherein an insurer promises to offer medical cover to a policy holder for specific health risks arising due to an unforeseen event. The coverage limits of the plan vary from plan to plan. The insured, in return, pays a specific amount, called the premium, for this coverage. Health insurance plan offers a big relief to the insured individual and his/her family by offering:-
1. Fiscal coverage for medical emergencies
2. Peace of mind
3. Future protection for health risks
4. Balance between quality healthcare and one’s wallet
These products have proved beneficial in removing financial hurdles from the way of quality medical care. These products have brought a solution to long hospitalization bills that are believed to be an encumbrance over a family in times of need. Thus, these products should be made mandatory, looking into the expected rise in medical costs. If the same continues, medical treatment expenses will become unaffordable over next few years.
It is, therefore, said that before any such event comes into the life of an individual, he/she should be mentally and financially prepared for them. Health insurance plans are the best option. It is better to buy a health insurance plan and get insured today than to bear financial crises or face these issues at the eleventh hour. A person should buy such products at the earliest in order to avail larger number of benefits. There are many benefits that a person gets on buying these products at an early age.
These products bring along with them lots of benefits that help insured individuals carry out a healthy life. One such facility that has been of much help is Cashless Hospitalization. This facility gives the insured an access to medical treatment in the network of hospitals on cashless basis. The insurer directly settles medical bills on behalf of the insured. This facility is found most useful by the people of India, as it keep them away from claim procedure and from the arrangement of funds.
Looking into the peoples’ preference of availing treatment in network hospitals, Apollo Munich, a pure health insurance provider, has tied up with more than 4000 hospitals in the country. The recent survey showed that the company is successful in offering best products coupled up with best services to its clients.
Easy Health, the most popular product, occupied the first position for being a complete plan. This plan is designed for people of all income groups, as it comes in three variants—Standard, Exclusive and Premium. A person can choose one, as per his/her needs and budget.
A few of the benefits offered along with Easy Health Standard variant is as follows:-
• Inpatient treatment expenses
• Pre- and post-hospitalization expenses
• 140 Day-care procedures
• Domiciliary treatment
• Daily cash for choosing shared accommodation
• Expenses for organ donor
• Emergency Ambulance
• Health check-up
Besides this, the coverage of Exclusive and Premium variants also include maternity cover and critical illness cover. Both these are optional benefits. A person can opt for them, if required. Thus, there is a long list of benefits that a person gets with this plan.
To expand the cover further, the company has launched Optima Cash, a product that can be purchased for coverage of additional hospitalization expenses. This plan offers daily cash, depending upon the number of days and insured is hospitalized.
A person buying both these products is believed to have complete health insurance coverage.