Everyone's lifestyle has become hectic, and the risks of suffering from diseases have also gone up. The cost of living in recent times has increased in metropolitan cities, and so has medical expenses, their expenses are sky-rocketing! Hence, it's advised to opt for health insurance to cover the medical costs and save money and other resources in times of emergency.
Keeping in mind the needs of the individuals, various health insurance companies in India have crafted various plans to suit individuals, family members, group of people, and senior citizens. Following are some vital features of health insurance:
Pre and post hospitalisation expense: Most health insurance plans take both pre and post hospitalisation expenses into consideration (30 days of pre and 60 days of post hospitalisation expenses are taken into account usually).
Cashless Hospitalisation: If the insured gets hospitalised in any of the network hospitals, no medical bills will be paid by him because based on the policy limit of the insured, all the bills will be paid by the insurer up to the policy limit. To avail this facility, the insured has to show the card provided by the insurance company, and then he will be treated as per the coverage.
Policy renewal: Most health insurance policies can be renewed online, after the expiry of the current policy.
Grace Period: Most health insurers provide certain days of grace period to the insured to pay the premium after the expiry of the policy, to keep it valid and to claim benefits.
Portability: If the insured wants to upgrade or change his policy without losing the existing benefits, he can easily do so at the time of renewal.