Why Micro Health Insurance Is A Major Boon
Published On Dec 03, 2020 5:30 AM By Sakshi Aggarwal
Health insurance is the ultimate boon for every person, even the one living in a rural area. Since the rural population is at a higher risk of illnesses and injuries, it is important for them to have first-rate health insurance in support to tackle unexpected medical emergency situations. Especially, with COVID-19 spreading its wrath in every corner of the world, it is a must for the people residing in rural areas to secure themselves. To provide the utmost help, micro health insurance comes to the rescue.
Micro health insurance will be a boon for the rural sector of India as it will provide a wide range of benefits under its coverage. Individuals living in rural sectors will be able to make the most of:
- Coverage for 1 year
- Maximum entry age of 65 years
- Low premium to ensure easy affordability
- Lifelong renewals available under the policy
- Sum insured range starting from Rs. 1 Lakh up to Rs. 5 Lakh
- Family floater basis cover to ensure the protection of all members in the family
- No need for pre-entrance health check-ups due to the low sum insured amount
Micro health insurance plans will offer coverage benefits including:
- Pre-hospitalization & post-hospitalization expenses
- Daycare treatments
- Emergency ambulance expenses
- Expenses incurred on hospitalization for 24 hours or more
Present Status of Micro Health Insurance in India
At present, there are a few renowned insurance names that are offering micro health insurance plans for the betterment of the rural population of India. Apart from the famous health insurance providers, the Indian Government has introduced multiple schemes supporting health insurance for the poor and backward class people. The prime health insurance scheme being Ayushman Bharat Scheme or the Pradhan Mantri Jan Arogya Yojana PMJAY that provides coverage of Rs. 5 lakh at a low premium rate of Rs. 30. Aam Aadmi Bima Yojana or AABY scheme is another health insurance boon covering individuals engaged in 48 specific occupations such as fishing, weaving, carpentry, handloom, and more, at a minimal premium cost.
The importance of micro health insurance in India is magnificent, especially during the trying times due to coronavirus. Micro health insurance policies are growing day by day and possess the potential to cater to the health needs of the masses who find it tough to secure their health by other means.
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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.