Health Insurance is not compulsory in India. But, owning a health insurance policy is a good practise to inculcate for every individual. A good health insurance plan can offer you coverage and manage your finances too in times of skyrocketing medical expenses. A health plan guarantees peace of mind and certifies that you and your loved ones receive best treatment in a hospital of your choice.
Health Insurance gets you rightly covered through cashless treatment in case you fall ill. It gets you covered against numerous listed ailments, tests or hospitalization charges that you cannot always manage in times of rising medical expenses. In fact the need for a health insurance policy can prove fruitful as per IRDA, since the premium you pay can offer you a tax advantage under section 80D of Income Tax Act of 1961.
There are numerous insurance companies in India that offer customised Health Insurance to fit your treatment needs. Every company may vary in coverage option. At All Risk Cover we understand your search criteria and help you find the right fit health plan. We believe in making the complex search simpler and quick. With us, you can just Compare. Choose & Buy the best Health Insurance that suits your health needs instantly.
Cashless Hospitalization is a huge relief to policy holders introduced by insurance companies. It is a facility offered by companies where a patient can holding a health insurance policy can use when the need of undergoing an expensive treatment or medical admission occurs without having to pay cash to the hospital, since the cover is offered and managed by the hospital and the insurer directly.
Health Insurance companies’ tie-up with numerous hospitals to offer some listed cashless services facility against certain ailments. The hospitals listed by that insurance company is termed as Network Hospitals. Cashless facility can be availed only in these listed network hospitals only. Third Party Administrators play a vital role co-ordinating with the hospital and the insurance company to complete the process of health claim for cashless hospitalisation when in time of need.
Just fill in your pre-authorisation form duly in the presence of an authority and send the same to your TPA who would then specify whether the claim should be approved or rejected.
With Health insurance by your side every coverage offered by an insurance company depends on the type of policy and insurer. An ideal Health Insurance policy is the one that suits your health needs the best possible ways. Here are some common coverages your insurance company may offer:
In-Patient/ Out-Patient Hospitalization expenses
Coverage against Pre-existing illnesses
Coverage on Pre & Post Hospitalization
Regular Health check-ups
Operation Theatre charges
Health Insurance can offer the validity to enhance your protection by choosing a rider & add-on features by paying more premium for the same.
Health Insurance package varies from one company to another. Every health plan is customised to supplement your basic health needs; but there are some which may not be covered by your insurance provider. Here are some basic coverage exclusions which your insurance company may not have in offer for you:
No reimbursement or coverage on waiting period in initial 30 days of the policy purchase.
Coverage on critical or pre-existing illness.
Injuries due to war/ terrorism/ suicide attempt.
Terminal illnesses or AIDS
Common illnesses, bed rest etc.
Other non-listed expenses incurred on maternity