Health Insurance Definition Types and Benefits Considering the medical expenses of millions of rupees these days, it has become necessary to take health insurance. Through this you can keep the savings safe with your family.
Health insurance is a type of insurance, in which a contract is made on behalf of the company with a person for a certain period of time to cover the expenses of hospitalization, medicines and doctor’s consultation. In return, a monthly premium is paid by the individual to the company. Usually it is for one year, after which it is renewed.
Types of Health Insurance
1. Mediclaim Plans: This is a basic health insurance plan. In this, the expenses incurred during the hospitalization of any person covered in the health insurance policy are covered up to a limit.
2. Critical Illness Insurance Plan: Critical Illness Insurance Plan covers serious and such diseases, which are life-threatening. It is quite different from Mediclaim plan. In this the company does not pay the hospital bills etc. Whenever you are diagnosed with a serious illness after getting tested etc., a lump sum payment is made by the insurance company as per the plan chosen by you.
Benefits of taking health insurance
Family security
In today’s time, in view of diseases like corona, it has become necessary to take health insurance for the safety of the family. With this, any member of your family can get treatment for any disease without worrying about money.
Medical expenses
In today’s time, the expenses of the hospital are increasing rapidly. Thousands and lakhs of rupees are spent even for the treatment of a minor disease. For this reason, it has become necessary to take health insurance.
Critical illness protection
The biggest advantage of health insurance is that if you get any serious illness and you have taken a critical illness insurance plan. Then you do not have to worry about the money, because in such a situation, the money will be paid to you according to the cover from the company itself.
To save savings
If you are only focusing on savings and have not taken health insurance. Then it can be a big threat to your savings. In case of any kind of serious illness, your savings can end in a jiffy.
