Under health insurance, the insurance company pays the compensation for medical expenses caused in case you fall sick or meet with an accident that leads to hospitalization. The insurance companies have tie-ups with individual leading hospitals known as network hospitals, to provide cashless treatment to the insured person.
- Why is health insurance important?
Medical care could be expensive, and so buying health insurance for you and your family is essential. Long hospital bills might lead to a financial burden that eventually leads to stress. You can easily avoid all of this if you pay a small annual premium that will lessen your responsibility in case of any medical emergencies.
Now, let us look into the various types of health insurance:
- Individual Health Insurance
This particular policy will cover all the health as well as hospitalization expenses of the person who has taken the policy. The premium of the policy is decided according to the age of the person insured.
- Family Health Insurance Plan
You can insure all your family members against various diseases under one cover if you take up a Family Health Insurance Plan. A fixed sum assured is offered by this plan for the members of your family. All the members can avail this amount.
- Health insurance Plan for Senior Citizen
This plan is customized especially for the senior citizens. It offers protection from all types of health issues that might affect the elderly during old age.
- Surgery and Critical Illness Insurance Plan
If you require treatment against critical illness, like kidney failure, paralysis, cancer, heart attack, etc. then a critical illness insurance plan is the right choice for you. These treatments cost a lot, and so the applicable premium of such types of policies is also high.
- Maternity Health Insurance Plan
Costs that include Pre and postnatal care, child delivery expenses of newborn babies, are covered under this policy. Also, ambulance costs are covered.
- Personal Accident Plan
If there is a case of an accident, this policy will take care of the hospitalization expenses. The premium amount depends on the amount of cover you’ve taken.
- Documents that you require while buying a health insurance policy
Here are some documents that you will need to provide:
- Age proof
For age proof, you can submit any one of the following documents – Birth Certificate, 10th or 12th mark sheet, driving license, passport, voter ID, etc.
- Identity proof
Identity proof will be required to prove your citizenship. Documents such as driving license, passport, voter ID, PAN Card, Aadhaar card.
- Address proof
Your permanent address must be mentioned in the documents that you submit from the following – Electricity Bill, Telephone Bill, Ration Card, Driving License, and Passport.
- Some plans require a medical check-up
Medical check-ups are a requirement for buying health insurance if you are over 45 years.
A passport-sized photograph.
You can also purchase and compare health insurance online. Any information that you require regarding health insurance policy will be available on your insurance company’s website. Or, you can contact the company’s executive to clear any doubts.