As the popular saying goes, prevention is definitely better than cure. When it comes to health, it is always a smart move to protect yourself rather than taking a risk. It is an accepted fact that having health Insurance is the guaranteed path to follow for a secure future for you and your family. We should also be aware of the various policies under different health insurance plans to enable us to make sound decisions.
Generally, your insurance company provides you with detailed guidelines on how each insurance policy works, according to your health requirements. But, of course, one should also take it upon themselves to thoroughly read policy wordings of their chosen plan before buying, to avoid any misunderstandings later. But we bet you didn’t know that your health insurance covers a wide range of situations that essentially saves you from financial drain apart from the general hospitalization coverages.
Maintaining good health is the building block of quality life, and health insurance serves as its foundation. While its importance cannot be emphasized enough, it is crucial to know these five added benefits that come in handy while buying a healthcare plan.
Cashless Hospitalization
Your health insurance offers a cashless hospitalization facility wherein you won’t have to bear the expenses for medical treatment out of your pocket. Instead, the bill will be settled directly between the network hospital and the insurance provider. All you need to do is follow some simple steps within a set timeframe to ensure a successful claim. Admission to the list of specified network hospitals is necessary to enable the insurer to settle your medical bills with the partnering hospital.
Restore Benefits
Restore benefits on your health insurance plan allows you to replenish the sum insured more than once in a policy year. This is because emergencies can arise at any point, and no one can predict when a certain medical problem can become life-threatening, except in the case of a planned hospitalization. A restoration clause helps take out a double claim on your total sum insured, subject to policy terms and conditions.
AYUSH Benefits
The world of medicine has made so much progress in recent times. The emergence of alternative forms of treatment has enabled policyholders to make a health claim for any expenses incurred under Ayurveda, Unani, Sidha or Homeopathy. Thus, the AYUSH benefit is an extremely plausible clause that we didn’t know we needed.
Free Medical Check-up
This benefit comes as a surprise, as when we buy a health insurance plan, there is a common notion that it can only be used if we were to get hospitalized. However, good healthcare plans offer a preventive health check-up, up to a fixed percentage of the sum insured, and it doesn’t overlap with the cumulative bonus if there is no claim made in a policy year.
Consumables Benefit
Hospitalization in case of a medical emergency leads to many high expenditures such as paying room rent per day and others. But if you have an insurance plan in place, these miscellaneous charges won’t be borne by you. Consumables related to medical treatment such as surgical items, disposable equipment, etc. are payable by the insurance provider.
It is crucial to note these added benefits and carefully evaluate a health insurance quote before investing. Healthcare policies and benefits differ across different insurance companies, so trusting credible providers such as TATA AIG would ensure that you reap more than you sow. For example, they offer cashless facilities at 7200+ network hospitals along with restore benefits. In addition, their comprehensive coverage allows maximum advantage on consumables and health check-ups. Visit their website to know more about their health insurance plans that best suit your needs.
