Health Insurance Coverage | Medical Insurance Cover

What does your Health Insurance Cover?

Health is an important aspect of our lives. Right from ages we had been cautious and concerned about our health and the risks involved in it. Today the awareness is rising and the response is positive. More people are interested in owning health insurance. Each year new illnesses and disorders are discovered by the researchers. This means our health is at constant risk and is wise to get insured. Health Insurance is a necessity and a measure which helps overcome huge losses. It might be an expense today, for a safe and insured tomorrow. These are the coverage we can broadly define:

Basic Coverage - A health insurance plan should provide cover for hospital rooms, doctor or surgeon fees, medical tests, medicines and related expenses. It provides you with essential protection plus a range of optional extensions that can be selected to suit your specific insurance requirements.

Specific Health Plans - It provides covers for critical illnesses or diseases such as heart attack, kidney failure, etc; most insurers offer critical illness plans. Another set of specific insurance plans target ailments such as diabetes and cancer. These plans offer cash on hospitalization, reimbursement for expenses incurred on surgical treatments, and such like.

Critical Illness Plan - Critica illness insurance is designed to provide financial assistance in the form of a lump sum, tax-free payout to help you overcome the financial stress and difficulties associated with diagnosis of a serious illness. Critical illness insurance plans supplements mediclaim, which reimburses the hospitalization and medical expenses. Critical illness insurance plans are benefit plans that pay the amount equal to sum assured, if the critical illness strikes, irrespective of expenses incurred on treatment.

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