What Is A Comprehensive Health Insurance Policy?
Updated On Sep 22, 2021
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Health insurance policies play a major role in supporting the individuals at the time of a medical emergency. Life is unpredictable and it is full of unforeseen events that can occur at any given point of time. Therefore, it is important to have some financial backup in case of mishaps. Due to the rise in inflation in different sectors, the cost of treatments in private hospitals has also increased, which can burn a hole in an individual's pocket. To help the people overcome the medical expenses at an affordable rate, the health insurance providers roll out extensive and efficient health insurance plans that secure their health in all the possible aspects. The health insurance plans can be customized according to the needs and requirements of the individuals and it also offers perks like no claim bonus, tax deduction, etc.
Before investing in a health insurance policy, it is necessary for the policyholders to analyze their requirements and then compare and research accordingly about all the available plans in the market. You must look for a plan that is both comprehensive and cost-effective. You can also compare the claim settlement ratios of the health insurance providers to make sure that the health insurer is suitable for you. Comprehensive health insurance plans offer a wide range of features and benefits for the policyholders. It gives the policyholders unlimited offers to choose from and enjoy those benefits at the time of claim settlement process.
About Comprehensive Health Insurance Plans
A comprehensive health insurance plan is an extensive health insurance policy which offers a wide range of features and benefits to the policyholders at an affordable price. It helps the individuals in overcoming their financial burdens incurred due to high cost of medical treatments. A comprehensive health insurance plan is extensive in nature and it offers other benefits too apart from the medical expenses thus making sure that the policyholders receive treatment in peace without worrying about the medical dues. It provides the features and benefits of a health insurance plan for a lifetime to an individual under the lifetime renewability of the services.
Must Read: A Comprehensive Guide to Paying Health Insurance Premiums in Instalments
Coverage of A Comprehensive Health Insurance Policy
Following are some of the inclusions that are generally made in every comprehensive health insurance plan that is offered by the health insurance providers in the insurance market:
- Pre and post hospitalization expenses
- Day care treatment
- In patient costs
- Domiciliary expenses
- Organ donor expenses
- OPD treatments
- AYUSH treatments
- Ambulance charges
- Room rent expenses
Reasons To Buy A Comprehensive Health Insurance Plan
Let us look at some of the benefits of comprehensive health insurance policies that can be availed by the policyholders at the time of claim settlement process:
1. Extensive Coverage
Comprehensive health insurance plans come with a wide coverage. It provides for the expenses like ambulance charges, room rents, organ donor expenses, AYUSH treatments, organ donor expenses, and much more. Some plans also provide for maternity expenses after a certain period of time.
2. Coverage For The Entire Family
You can include all your loved ones under a single health insurance plan. The sum assured and benefits of the cover are equally distributed among the members of the family. Some insurers also offer discounts on the addition of a new family member within the plan. These family floater plans can include you, your spouse, along with the children of up to 25 years and dependent parents.
3. Pre-Existing Diseases Coverage
Health insurance providers offer monetary compensation for pre-existing diseases of the individuals but after a certain waiting period of around 2 to 4 years. The waiting period for these diseases is decided by the insurer and it can differ from one insurer to the other.
4. Add-On Covers
Extensive health insurance covers are sufficient to meet the usual expenses of an individual but to add extra value to your cover, you can invest in an add-on cover like a top-up or super top-up plan. It enhances the coverage of the existing health insurance policy.
Conclusion
Apart from the above mentioned benefits, there are several other inclusions under a comprehensive health insurance plan. You must carefully read the fine print of your policy to know more about the inclusions and exclusions of your policy cover.
Also Read: Health Insurance Portability: A Comprehensive Guide
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.
