Health Insurance: A Necessity
Owing to a rise in lifestyle ailments and double-digit medical inflation globally every year, health insurance has become a necessity for every individual. To elucidate on the shift in mind frame, an individual has started looking at the broader aspect of their life and its healthcare needs. And the best part is that they have started accepting the fact that they actually do need health coverage.
Increase in the incidence of lifestyle-related illnesses
Thanks to advancement in medical science, Average Life expectancy has increased. But a sedentary lifestyle, unhealthy eating habits and high stress levels are the common banes that come along with the technological boon.
This has also given rise to the early onset of lifestyle-related ailments like diabetes, hypertension, heart and lung conditions, claiming younger lives. Health insurance mitigates the financial risk that may befall a person who is diagnosed with a lifestyle-related ailment.
Increase in out-of-pocket expenses
With the global trend of inflation in treatment expenditure, it is getting extremely expensive to cope up with the hike in medical expense. As a result, this puts a dent in an individual’s pocket.
Buying health insurance backs up as your emergency financial fund while preparing you for medical contingencies. The policy provides for reimbursement of hospitalization expenses for illness suffered or accident sustained during the policy period. The policy is available to individuals and family members.
If I am fit, I do not need health insurance.......
Accidents and illnesses wait for no one. Even people who are fit can fall prey to such incidents. Insurance is understood as a technique providing protection against losses due to the fortuitous events. So it is better to be safe than sorry and even better to be insured than worry.
If you buy health insurance policy, all diseases are covered from Day one
Most policies cover certain disease or ailments after elapse of a considerable period of time and certain ailments fall under permanent Exclusion criteria. Please refer the policy document for Waiting periods & Exclusion list.
You need to be hospitalized for 24 hours to avail health insurance benefits....
Not all procedures require 24 hours hospitalization. Day-care procedures like Cataract surgery, Chemotherapy, does not require 24 hours for availing claims due to advancement of medical technology.
Empanelled hospital list provided with Beneficiary ID card is final….
Empanelment of service providers is an interminable process and continuous round the year, hence subject to updation. The service provider list is displayed and updated from time to time in our website and can be viewed by the client at any point of time.