“Health is Wealth” they say, and we never realize its value until we find ourselves are at Risk. Many of us have to frequently visit a hospital or two to finally realize that we needed Health Insurance, as many of us can’t spend out of our own pockets anymore. If at all we take a Health Insurance Plan, we pay a small significant amount of money as the Health Insurance Premium but it covers us from Big Losses for Medical Treatments. Diseases like Diabetes, Heart Attack, Stroke, Renal Failure, Organ Transplants etc. are thankfully also covered by Health Insurance these days. The treatment expenses of any of these or other medical conditions can certainly wipe one’s lifelong savings. Health Insurance, undoubtedly, turns out to be a savior.
What is Health Insurance?
Health Insurance is an Insurance policy that ensures that you get cashless treatment or Medical expenses re-imbursement, in case you fall ill & have to get hospitalized & take treatment. A Health Insurance policy reimburses the insured for Medical and Surgical expenses arising from an illness or injury that leads to hospitalization. The Insurance Company provides that Insured with the facility of cashless hospitalization at a network hospital or provides a reimbursement for the incurred expenses. Furthermore, Health Insurance Premiums can be claimed by the Insured in the form of Tax Exemption under section 80-D as per the norms of Income Tax laws.
A Family Health plan generally covers a family (You and your Spouse along with up to 4 Children) while some Insurance Companies allow you to include your parents in your Health Insurance policy at a cost of additional premiums. You might also be allowed to include your in-laws (extended family members) in your Health Insurance policy at a cost of additional premiums.
Protect Your Complete Family.
Types Of Family Health Plans : A family Health plan offers coverage to all family members subject to the policy terms. Based on the types of Health coverage offered, a Health Insurance plan can be broadly classified into two categories mentioned below:
Individual or Family Floater (A single Health Plan or Package can be taken or customized as per Needs and Budgets)