Unforeseen circumstances can happen anytime, hence, it is important to keep yourself and your family covered and secured with substantial health insurance coverage.
Your health insurance policy, depending on the coverage that you opt for takes care of your medical and surgical expenses and provides you with cashless treatment facility.
- The medical insurance provided by your organization of employment to you and your family might not be sufficient to meet the increasing hospitalization costs.
- In addition, for better financial planning, a health insurance plan that covers your entire family can come in handy during times of critical illnesses or major accident or any other sudden hospitalization.
- It doesn't end there. Over and above securing your future, a health insurance plan can also help you maximize tax benefits under Section 80D of the Insurance Act.
A health insurance generally covers the following:
- Room, Boarding expenses
- Nursing expenses
- Fees of surgeon, anesthetist, physician, consultants, specialists
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines, drugs, diagnostic materials, X-ray, Dialysis, chemotherapy, Radio therapy, cost of pacemaker, Artificial limbs, cost or organs and similar expenses.
However, it's important to also note what a health insurance will NOT cover:
- Any disease or injury that you suffered before taking the policy
- Expenses that include non-allopathic treatment.
- Any complication arising due to pregnancy or childbirth is generally not covered, unless specifically mentioned in the policy details.
- Expenses arising out of skin treatment, HIV or AIDS, use or misuse of intoxicated drinks and drugs
- War, strikes or nuclear weapons induced treatments