Diseases have been rising in India. However, the government’s medical infrastructure has not evolved sufficiently. As a result, citizens have to resort to private hospitals, which are very costly. A critical illness can end up wiping off your entire life’s savings. Medical insurance has thus become the need of the hour.
Medical insurance helps you be prepared for future medical calamities. You can protect yourself and your family from financial stress by paying a regular premium. There are several advantages of mediclaim policies. But most people are not aware of them all. This article will shed light on the unexpected perks of health insurance.
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Medical Insurance Benefits
It is well-known that your hospital bills will be paid for once you have insurance. It is a welcome surprise that, on top of that, the following procedures are also covered.
Dental Procedure
A vital component of general wellness is dental care. Expenditure is incurred during the illness’s diagnosis, therapy and medication phase. To assist you in getting the best care, several insurance companies offer dental coverage as part of their insurance plan.
Preventive Care
Prevention is better than cure. Mediclaim policies take this into account and offer complimentary annual health check-ups. This motivates you to visit the doctor frequently. Any time a danger signal appears, you can act before it develops into a serious sickness.
Critical Illness
Acute diseases like cancer, cardiac arrest, kidney failure, etc., involve substantially higher costs than general ailments. As a result, some people are concerned that their medical insurance won’t be able to pay for them. That is untrue, though. Medical insurance includes specialised coverage for such calamities.
Bariatric Surgery
People suffering from obesity and related diseases undergo expensive bariatric surgery to lose weight. Luckily, IRDAI’s (Insurance Regulatory and Development Authority of India) guidelines of 2019 have led to the inclusion of such surgery in health insurance plans. It is necessary to abide by the eligibility requirements relating to age, comorbidities, and BMI (body mass index) to avail this benefit.
Organ Donation
Organ donation is required in certain illnesses to save the patient’s life. Compatibility tests, surgeries, post-hospitalisation recovery, etc., all come at a cost. Medical insurance plans assist in such a situation. However, the coverage is limited and varies with each company. Before purchasing insurance, it is essential to examine the inclusion and exclusion list thoroughly.
Domiciliary Treatment
The patient’s medical condition could occasionally be too severe for hospitalisation. Other times, hospitals may not have enough beds, as was the case during Covid-19. The patient may choose to receive therapy at home in this scenario. The fees of such an intervention is also reimbursed under select policies.
Psychiatric Treatment
The taboo surrounding mental health issues has been subsiding in India. People are increasingly seeking medical help. To further aid the process, mediclaim policies also include hospitalisation charges due to psychiatric illnesses.
Maternity Cover
Quality care during pregnancy is an important determinant of maternal and infant health. Mediclaim gives you the option to add maternity expenses after a waiting period. Newborn cover is also included in the best medical insurance policy.
Alternative Therapeutics
The government has been promoting alternative cures under the Ministry of AYUSH. Therefore, you can apply for an add-on benefit if you are interested in availing remedies like Ayurveda, Unani, Siddhi, Homeopathy, etc.
Ambulance Cover
It may so happen that your hospital is located far away from you. Transportation costs incurred in such a case can be hefty. This is especially true for metropolitan cities. With the best medical insurance policy, you can claim these charges.
Conclusion
The above list is not exhaustive. Nowadays, companies are coming up with highly customised insurance plans that cover a variety of conditions. If you are looking for the best medical insurance company in India, you should thus first assess your requirements. For instance, if you plan to expand your family, look for a company offering maternity coverage with minimum waiting periods. Then, compare medical insurance plans based on parameters like sum insured, premium, renewability provision, claim-settlement ratio, etc. and make the selection wisely.