Everybody plans his or her budget in order to live a happy life, but there are certain incidents, which when upset a family budget to a great extent. When a person meets an accident or any other health issue whose medical treatment expenses sum up to a huge figure, a family has to come across a financial strain, which might have long term effects. People should ponder over it and look at alternative means that could be helpful, especially when these expenses are likely to mount at fast pace.
The only option to deal with these expenses without disturbing the family budget is medical care plan. These products are designed to help people in seeking quality medical treatment without any financial burden. Health insurance providers have brought these plans to ensure protection against future contingencies such that policy holders live a healthy life.
India is a county where many people are facing these issues because of high rising medical expenses. The reason is simple that people didn’t buy health insurance on time. Many of them have to compromise with quality medical care because of the same problem. Thus, they should buy health insurance products well in advance so that they can the required coverage at the right time. It would be a lot helpful in seeking medical treatment without any financial anxiety. One need not have to give away the deposited money, which can be used for other purposes.
There are a variety of medical care plans available in market. One should look at his or her medical needs and should buy a plan accordingly. One of the recent market surveys organized by Economic Times brought to light that Easy Health, one of the popular products in Indian health insurance market, grabbed 5-star rating, when different medical care products in India were compared on basis of coverage limits and the premium charged.
Apollo Munich is a joint venture between the Apollo Group of Hospitals, the leading chain of hospitals in Asia and Munich Re, new business segment of Munich Health, leading insurers in Germany. The company has turned up in the Indian health insurance market with numerous innovative medical care solutions for the Indian citizens. These plans are well designed to offer complete coverage to people’s health needs.
Easy Health, a 5-star rated pure health insurance product, offers coverage to inpatient treatment expenses, pre- and post-hospitalization expenses, day-care procedures, domiciliary treatment, health check-up, etc. It offers wide coverage to people at cost-effective price.
The plan pays in-patient treatment expenses and is designed to cover boarding and lodging, anaesthesia, diagnostic procedure, surgical appliance, intensive care unit, operation theatre, cost of prosthetic and other equipments and devices (if implanted internally during surgical operation), medical practitioner charges, drugs, and other medical procedures as per the policy’s terms and conditions.
This plan is available in three variants, which are
As this plan is divided into variants, it offers cover to one and all. People of different sections of society can opt for a variant, as per their health needs and budget. A person gets an option to choose cover amount in the range of Rs.1 Lac to Rs.10 Lac, as per his or her needs. The above stated variants differ from each other with regard to cover amount and few other benefits. The Premium variant offers the maximum coverage and least being offered by the Standard variant.
A person buying Exclusive or Premium variant gets an optional coverage for maternity benefit that offers an insured lump sum amount in an event of child birth. The amount of money an insured receives is directly stated in the plan’s policy wordings.
Customers of Exclusive variant are entitled to maternity coverage of Rs. 15,000 in case of normal delivery and Rs. 25,000 in case of caesarean delivery. These amounts include pre- and post-natal delivery of Rs. 1,500 and new born limit of Rs. 2,000.
Customers of Premium variant are entitled to maternity coverage of Rs 25,000 in normal delivery and Rs 40,000 in case of caesarean delivery. Likewise, pre- and post-natal delivery amount changes to Rs 2,500 and new born limit changes to Rs. 3,500. Thus, people buying ‘Premium’ variant gets wider coverage, as compared to ‘Exclusive’ and ‘Standard’ variants.
These two variants also give a policy holder an additional coverage for eight enlisted critical illnesses, if opted. It comprises cancer, first heart attack, sclerosis, major organ transplantation, renal failure, paralysis, stroke and coronary artery surgery. A person can get this coverage on payment of extra premium.
A person buying Easy Health plan gets an option to opt for a policy period, either 1 or 2 years. People buying it for two years get some extra benefits, such as a discount of 7.5% on premium.
This plan also offers the facility of lifelong renewal that gives customers an opportunity to enjoy health cover for the entire life by renewing their policies regularly. One can also enjoy the facility of portability and shift from the other provider to Apollo Munich along with accrued benefits.
Apollo Munich also offers some add-on services with this plan to help customer to stay healthy always. These are Cashless Hospitalization, Health Risk Assessment and Healthline. Cashless hospitalization facility allows insured individuals to seek medical treatment in network hospital without paying the bills. Healthline allows them to seek medical treatment on phone call.
Apollo Munich thus ensures that the Easy Health Plan provides all-round coverage.