What are the Advantages of Aditya Birla Health Insurance?
Updated On Mar 08, 2022
The majority of people wait until they have a medical emergency before purchasing health insurance. This is because they believe they are young and healthy and therefore do not need health insurance. You may believe, like the majority of these people, that no medical emergency will occur while you are young, particularly if you live a healthy lifestyle.
However, life is unpredictable, and you never know when a medical or unintentional emergency will occur. Treatment for a serious illness, as well as hospitalization, is costly and can devastate your finances. As a result, it's vital to protect yourself and your loved ones from financial ruin in such a situation.
Advantages and Benefits of Aditya Birla Health Insurance
Aditya Birla Health Insurance has already established itself in the Indian market, offering a variety of packages for individuals, families, and groups. The following are some of the most important aspects and advantages of ABHI:
1. Customisation Benefit
Aditya Birla provides a number of plans to meet the needs of its consumers. Its customers can choose from a variety of plans. There are plans for specialized benefits such as personal injury, severe illness, cancer, and so on. Furthermore, there are plans that provide advantages to organizations.
2. Wide Sum Assured Options
Customers can select the level of coverage they want based on their needs and budget. It is possible to receive up to Rs.2 Crore of coverage under certain plans.
3. Coaching for Health and Wellness
Aditya Birla Health Insurance offers access to health industry specialists at any time and from any location. Customers can get answers to their questions from a variety of health professionals online at any time.
4. Vast Network of Partner Hospitals
The organization has a large network of doctors and hospitals. Customers can go to the company's website to find a list of hospitals and doctors in their cities/towns.
5. Returns on Health
Customers who follow a healthy lifestyle are rewarded by the company. Customers may find out more about the company by going to its official website.
6. Relief from Tax
The premiums paid for Aditya Birla's numerous health insurance policies are qualified for an income tax deduction under section 80D of the Internal Revenue Code.
7. High Claim Settlement Ratio
The Claim Settlement Ratio (CSR) is the proportion of claims settled by the company to the total number of claims filed against it in a given fiscal year. Aditya Birla wants to satisfy as many claims as possible, and its CSR for FY 2019-20 was 70.81 percent. It's worth noting that the CSR fluctuates.
8. Added Insurance Coverage
Employees are frequently offered group health insurance policies sponsored by their employers. However, such policies do not provide comprehensive coverage and have limited sum insured limits. Individuals can supplement their existing group health coverage by purchasing a supplemental health insurance plan with reduced prices from Aditya Birla.
Aditya Birla Health Insurance offers a variety of health insurance policies to fulfill the needs of different people. Individual health insurance plans, family health insurance plans, senior citizen health insurance plans, COVID-19 health insurance plans, and other types of health insurance plans are available, all of which provide a broad range of coverage as well as wellness-oriented benefits that promote healthy living at affordable premiums. The insurer also has an evaluation tool that can be used to locate the best health insurance coverage for one's needs and budget.
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.