A health insurance policy is a type of insurance plan that provides financial coverage to the insurer against any medical emergency. It covers pre and post hospitalization expenses, daycare facilities, surgery etc. Insurance providers provide cashless treatment facilities at network hospitals or reimbursement of medical expenses incurred by the insured at other locations.
There are different types of health insurance plans available in the market, and the insurance offers benefits depending on the policy you choose. Hence, you must compare policies online and choose one as per your health needs.
That is why Bajaj Finance has partnered with top insurance companies to bring you the best health insurance plan of your choice. Bajaj Finance, as a corporate agent, offers specialized health insurance policies to adequately cover individual, family and senior citizens.
Let us know about the important benefits of health insurance.
Cashless Treatment
You can put an end to the worry of arranging funds for the treatment with the cashless facility. To avail this you can go to any network hospital
Pre and post hospitalization expenses
These family health insurance policies cover pre and post hospitalization expenses. You can get coverage for 60 days before hospitalization and up to 90 days after discharge. This policy also covers daycare expenses, if required for treatment.
Ambulance fee
The health insurance policy also covers the cost of an ambulance for the policyholder to reach the hospital, if required.
Medical check-up
Good policies often cover the expenses of routine and periodic health check-ups. Some insurance policy providers also provide free health check-ups to their customers.
Income tax deduction
As per the Income Tax Act 1961, you can get tax exemption on the premium paid for a health insurance policy
Dedicated Health App
Bajaj Finance enables its policyholders to access their health insurance policies through the dedicated Bajaj Finance Health App
Reimbursement for various tests
Now you can get reimbursement for all Lab & Radiology Tests prescribed by your doctor
You must know about the types of health insurance policy
Individual Health Insurance Policy
Under an individual or individual health insurance plan, only the individual/insured person is entitled to the benefit and the same can claim the sum assured under the policy.
Family Floater Health Insurance Policy
With a family floater health insurance policy, you can cover all the members of your family under one plan. Under the chosen plan, the sum assured is applicable to all the insured members of the family. It can be used wholly or partially by a member in a policy year by multiple members.
Group/Employee Health Insurance Policy
Group/Employee health insurance policies cover unforeseen medical emergency expenses of your employees. The premiums of a group health insurance plan are generally lower than the average premiums and provide comprehensive coverage for medical expenses.
Senior Citizen Health Insurance Policy
Individuals who are 60 years of age and above can avail senior citizen health insurance plans designed to cover their medical care expenses. Such health insurance plans usually require you to undergo a medical check-up before availing the plan. The premium of this plan is usually less than normal.
Critical Illness Health Insurance Plan
Critical illness health insurance plan will protect you from the expenses arising out of the treatment of critical or life-threatening diseases. It is taken as a standalone insurance policy or as a rider with treatment for critical diseases like cancer, kidney failure, heart attack etc. Critical illness insurance policy pays substantial compensation to the policyholder for the expenses covered under this plan
Top-up health insurance plan
Top-up health insurance plans allow you to increase your insurance coverage at an affordable cost. This plan covers expenses arising out of a single illness when the existing policy expires
Personal accident insurance
Personal Accident Insurance covers you and your family against expenses that may occur due to an accident or accident, which may lead to death, disability, injury and other unforeseen situations. Personal accident insurance can be purchased independently or as a rider along with a pre-existing policy.
Know the importance of health insurance policy
Health insurance plans provide you with financial protection, especially when healthcare inflation is rising. Due to rapidly changing lifestyle habits, rising pollution, new diseases and costly healthcare facilities, having a health insurance policy has become a necessity. These plans save you from the burden of out-of-pocket expenses in case of sudden emergency. Health insurance policies are customized as per the needs of the individual, providing coverage for all types of health problems. These plans provide you the benefit of timely and good health treatment without worrying about the expenses. Having a health insurance plan also helps you to manage your savings and plan your future in a better way.
financial security
Financial security is the main reason for choosing a health insurance policy. It provides adequate financial coverage for any medical emergency. As a result, it protects the financial interests of the policyholder.
rising medical costs
With rising inflation, the cost of health care has also increased significantly. Hence, it has become imperative for policyholders to buy a medical insurance plan to provide financial protection to themselves and their families against these rising medical expenses. These policies provide essential access to medical treatment and can be customized as per your needs.
changing lifestyle
The popularity of health insurance has increased due to the change in lifestyle. Some factors like increasing level of pollution, stress are caused due to unforeseen medical conditions. Hence, health insurance policies can be an effective option for facing such health related problems.
security of savings
Medical emergency can happen at any time in life. If a person is not financially prepared to cover such expenses, then going forward the burden of expenses may increase. Hence, having a health insurance policy helps you easily meet the cost of the necessary treatment
