The high cost of living as well as the fast increasing hospitalization costs has made it an impossible task for the contemporary family man to take care of the health care needs of the family. And if you and your family are not covered with any mediclaim policy, the expense factor may make you a victim of financial crunch. If you are not yet insured, there is still time. Get a mediclaim for yourself and your family and enjoy a life free from financial worries as the insurer is going to take care of the bills if you face any inconveniences.
The benefits and facilities offered in mediclaim health insurance differ from plan to plan and from company to company. When companies and mediclaim choices are many, choose the one that covers the maximum and one that is comprehensive. You will pay only one premium, which you may pay at one go or in installments, for a year (most companies provide annual plans) and the amount is very meager but the benefits you will gain are unmatched to the premium paid.
Most of the plans offered are designed in a way to suit your need as well as your budget. There are also companies that offer mediclaim beyond health care. These companies, in addition to taking care of the spiraling medical costs if any, will also steer you on the path of wellness. Hence, you get double protection!
You can choose individual mediclaim health insurance or a family plan; the premium related to the latter is higher than the former. This is because the family mediclaim covers you, your spouse, your two kids below a particular age, and your dependent parents. The sum insured also varies as per the premium you pay. For example, the premium for an insured sum of Rs. 5 lakh will turn almost double for an insured sum of Rs. 10 lakh. Whether it is consultation or hospitalisation or post-hospitalisation, you avail all facilities under one mediclaim policy cover.
When you buy a mediclaim policy, do take into account various factors – cashless benefits, network hospitals, ailments covered, health check-up, etc. Not all companies cover maternity expenses, contact lenses, daily cash on shared accommodation, out-patient dental treatment, etc. Look for such benefits too. One advantage is that you get tax benefits for the premium amount paid under Section 80D of the Income Tax Act.
