HEALTH INSURANCE

PLANSWhy everyone should have a

Health Insurance?

INRODUCTIONToday we live a comfortable and luxurious life, but at what cost? Job-related stress is increasing, and the cost of everything; food, housing, education is

always on the rise.

While we may be in a position to enjoy the luxuries of a big house and a high-end car, we may forget about our health. This may later come back to haunt us when we fall ill and have to go to the hospital.

Hospital visits come with doctor’s bills, and currently doctor’s bills are increasing. In such a case, having a health insurance policy will help to cover all the costs incurred by us while in the hospital.

WHY HEALTH INSURANCE? People stress about their jobs, about their families

and about the increasing cost of living.

However, they forget the medical complications that come along with prolonged stress, and are then forced to stress about expensive doctor’s bills.

In such a time, people should invest in a health insurance policy which will share the economic burden of having to go to the hospital.

HOW HEALTH INSURANCE HELPS? Having an insurance policy would help

alleviate the stress and may help you stay out of the hospital in the first place.

When you do invest in a health insurance policy, remember to check all the different options available to you, as most banks and insurance companies have their own medical insurance policies.

WHAT DOES HEALTH INSURANCE COVERS? Most health insurance will cover the cost of

hospitalisation, if it is for over 24-hours. Hospital visits some days prior and some days after

the hospitalisation are also likely to be covered by the policy.

While most policies may not cover the entire cost of an ambulance, a certain amount of money, around 2,000 Rupees would be kept aside to pay for an emergency ambulance if required. Almost all policies are for a

term period of one year, and most policies require you to have a full medical health check-up before deciding on the premium and what will be covered by the policy.

FOR EXAMPLE:HOW TATA AIG HEALTH INSURANCE FUNCTIONS However, a policy at TATA AIG will

give you better health insurance coverage.

If you take out a policy with TATA AIG, you may not need to undergo the medical examination if you are below the age of 50, or if your premium is less than 5 lacs.

They will also cover the cost of organ donor expenses and completely cover all pre-hospitalisation, post-hospitalisation and hospitalisation costs.

In case of an accident, they will also take care of any dental treatment that would be required.

If you are bitten by a bug and require vaccinations, the cost will also be covered by the insurance policy.

In the case of a family insurance policy, if a child falls ill, the insurance will pay for the accompanying adult.

Unlike most other policies, TATA AIG will also pay for alternative medical treatments such as Ayurvedic treatments.

Your policy from TATA AIG will also arrange for cashless payment of hospital bills within four hours of submitting all the necessary documentation.

CONCLUSION With the various insurance policies

available to you, always remember to pick the policy which has maximum health insurance coverage.