Apart from expert advice / group medical cover, there should also be a separate health insurance policy

Treatment in the hospital is becoming expensive over time. Hospitalization without health insurance can not only put a lot on a person’s pocket, but can also mess up the financial situation. Most people have Group Medical Cover (GMC) provided by the company. They do not have a separate health insurance policy. In such a situation, if you leave the job, you do not get the benefit of GMC. Therefore, it is necessary to have a separate health insurance policy. Let us know in detail about health insurance ..

Type of policy

  1. Individual Health Insurance Policy

    The insurance company gives this medical cover to the person after paying a lump sum annual premium. It can also be extended to the whole family. In such a situation, a certain amount has to be paid for each member.
  2. Family Floater Health Plan

    The insurance company provides medical cover for the entire family by paying a lump sum annual premium. Under this, the benefit of the entire sum insured is not limited to any one person. All family members get the benefit of this. This usually includes the individual, spouse and children.
  3. Personal accident cover

    An accident can cause partial or complete disabilities. This insurance policy provides insurance cover on death, in addition to loss of income due to lack of ability to work.
  4. Critical Illness Cover

    Under this, the person gets insurance cover against special diseases written in the policy. The insurance company pays the person a lump sum in case of diagnosis of any disease written in the policy.
  5. Super top-up cover

    The super top-up health insurance policy provides protection for the rest of the expenses when the entire or large part of the sum assured is spent in treatment. In this, the insured can decide to what extent the expenses will be borne by himself. 
  6. Pre-Existing Illness Cover

    If there is any disease while taking health insurance, it is called pre-exhaustion illness. Some insurance companies also provide cover on such diseases. The person has to disclose it while undergoing insurance.

Type of claim

  1. Cashless

    In a hospital connected to the insurance company’s network, the person gets treatment without paying money. The insurance company settles the claim directly with the hospital / nursing home as per the terms of the policy.
  2. Reimbursement

    In such a claim, the person himself pays the cost of treatment when he is discharged from the hospital. After this, presenting the necessary documents and claims the amount from the insurance company.
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