Benefits Of OPD Cover – OPD cover is not available in all health insurance policies. Companies mostly provide it as an add on.
New Delhi. Today the expenditure on treatment has increased a lot. Therefore now the importance of health insurance has increased further. If you are also thinking of taking a health insurance policy, then choose a policy which includes OPD cover. Most companies do not include OPD cover in the policy.
If your health insurance policy does not include OPD cover, then if you get treatment without being admitted to the hospital, you will have to pay the hospital bill from your own pocket.
The importance of OPD cover can be understood from the fact that out of the total healthcare expenditure, OPD expenditure alone accounts for up to 70 percent. In most diseases the patient does not need to be admitted to the hospital. One has to go to the hospital, consult a doctor, get tested and take medicines.
OPD cover is even more important for those people who have to go to the hospital frequently. Some companies have OPD cover in-built in their policies, while most companies provide it as an add-on.
If there is OPD cover, these expenses will be saved.
Consultation with the doctor – OPD cover includes the fees charged for consultation with the doctor. If someone falls ill, he may have to make several trips to the hospital. Every time the doctor has to pay consultation fees.
Diagnostic tests-In case of illness, many types of tests may have to be done. A lot of expenditure is incurred on these before the actual treatment starts. If OPD is covered in your policy then you will be saved from this expense.
Expense of medicines – A lot of money is spent on medicines in the treatment of diseases. The insurance company also reimburses the money spent on pharmacy under OPD cover.
Keep these things in mind
Many companies also pay the expenses incurred on lab tests, X-ray, vaccination, eye, ear and dental treatment under OPD cover. Therefore, you should buy such a policy in which you get all these. Some policies that come with OPD cover have a waiting period while some have no such condition.
Therefore, definitely know about the waiting period and also get information about the sum assured. While taking a policy with OPD cover, keep in mind that if you are choosing cashless option, then this facility will be available only in the company’s network hospital and not in other hospitals.
IRDA proposed that there will be no much loss on surrendering the life insurance policy.
