A health insurance policy generally provides much more than coverage for the treatments in hospitals so it is advisable to read the policy document carefully.
Every health insurance plans come with some benefits, most of which go unused as people are not fully aware of them, this article will help you to let know about some common health insurance benefits. Here are they:
As normal health insurance plans tells the insured to stay in hospital for at least 24 hours for making a claim, thus the current health insurance policies also compensate insured for OPD expenses.
this is a major health insurance benefit for the people in India who are planning to start a family; some main companies in the market not only provide a maternity cover but also repay for vaccination of the new-born.
Cashless hospitalization expenses:
most of the insurance providers have their own network of hospitals who offer cashless benefits of hospitalization to its customers that helps in the most emergency cases.
Under the income tax act section 80D, policy holders can get tax benefits up to fifty thousand, but here the sum insured is basically not considered as an income as it is released from tax.
The insurance provider under this benefit provides a huge sum to cover the loss of income during the recovery period of the person insured.
Expenses related to organ donor:
If a transplantation surgery takes place and bill huge money then besides the surgery and hospitalization charges, the expenses of donor are also added in the bills. Every insurance policy has a supply to cover the donor expenses also.
Treatment taken at home:
It is said that health insurance policies and benefits are only related to expenses incurred at the hospital but there are many policies that provide a cover to add treatments taken at home as per a doctor’s advice.
The demand and need of alternate treatments and therapies has increased a lot in past few years which has prompted health insurance providers to cover treatments like Ayurveda, Naturopathy, Homeopathy and Yoga.
Daily hospital cash allowance:
Many insurance providers will help to cover expenses daily hospital cash allowance.
Free health check-up:
There are free regular checkups provided after 4-5 claim free years with some rules.