Why Health Insurance is a Must in India?

Health Insurance is a Must in India

In this fast-paced of life, sedentary lifestyle leads to various untimely diseases even among young generations. Life-threatening ailments are common affairs now and even young people are falling prey to this type of critical illness. The cost of treating various diseases has also increased by leaps and bounds in the last few decades. Since the Government of India spends very few on public healthcare, Indian citizens are forced to resort to private health facilities to avail standard treatment at an exorbitant price. Many a time, people run from pillar to post in order to arrange money for the required treatment and many people also go bankrupt as they spend out everything to meet high treatment expenses.

All these catastrophes lead to the alarming fact that, penetration of health insurance in India is disappointingly low. But it is actually high time that people in India avail health insurance plans and stay financially safe and secured even during the days of medical emergencies. Many health insurance companies in India offer incentives in the form of Sum Insured enhancement or premium reduction as a part of their wellness program. This inspires many health insurance policyholders to stay healthy and make efforts to be healthier and say goodbye to their stressed-out and hectic lifestyle. 

Health insurance companies in India also offer many other benefits. Cost of hiring ambulance, free medical check-up are some of the value-added services available with best health insurance plans. Hence, medical insurance plans not only cover treatment costs but also encourage policyholders to stay healthy by providing these benefits. But what does a health insurance online plan in India exactly cover and who can avail this coverage?

Health insurance plans are designed for individuals, families, senior citizens. All Indian citizens are eligible for health insurance in India. If you take care of a family, you should go for a family floater health insurance plans. The beauty of floater plans is all the family members can use the same coverage in the same year up to its exhaustion and for a single premium. So, you just have to pay a single premium on your medical insurance plan to keep your entire family safe and secured. If you have senior citizen parents at home, you should buy them separate senior citizen health insurance plans. The reason behind not including senior citizens in the floater policy is the premium of a family health insurance plan depends on the age of the eldest family member included in the plan. If you include your parents in the same family health policy, you would have to pay a lot more than you have to.

Health insurance plans not only cover hospitalization expenses but also cost of treatment and care for a specific number of days before and after hospitalization. Mediclaim policies also cover many other expenses such as boarding, room rent, cost of oxygen, blood, fees of doctors, nurse. Some health insurance online plans also cover organ transplant costs and unconventional treatments like Unani, Homeopathy etc.