HDFC ERGO general insurance company offers multiple health insurance plans for people with different requirements in terms of health coverage. The coverage offered by these plans ranges from an individual to the whole family at an affordable price of the premium.
The following are the plans under the category of health insurance: Health Suraksha, Health Suraksha Gold, Health Suraksha Regain, Health Suraksha Top Up Plus, Critical Illness Insurance, and Critical Illness Platinum. HDFC ERGO health insurance allows you to purchase a health plan online, in a few clicks of your mouse. With these plans, you can ensure the safety of your family and you whether it’s a normal hospitalization or because of a critical illness. Below is the description of Critical Illness Insurance plan by HDFC ERGO: Critical Illness Insurance This health insurance plan ensures the safety of your health and gives you financial protection, thereby offering you a lump sum amount to avoid a financial crisis. The policy offers you cashless hospitalization at a wide range of network hospitals across the country. Despite this, below are the primary features of the policy: Key Features
Coverage HDFC ERGO health insurance offers a lump sum benefit on the first diagnosis of a critical illness subject to a period of 30 days of survival. The following illnesses are covered:
Despite various inclusions, this critical illness insurance plan has various exclusions too. Below is a list of exclusions:
Critical illness insurance, typically, comes as a rider with health insurance policies to cover medical emergencies like cancer, heart attack, paralysis, stroke, kidney failure etc. Check with your insurer if your policy has such benefits. If not already, do ask for the coverage, especially if you are in your 60s.
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Health insurance plan protects you and your family from an unlikely event of medical emergency which can cause hardship of sudden rise in medical expenses. There are different types of coverage available, individuals can either opt for single coverage plans or can opt for the combinations of two or more to ensure that maximum coverage can be gained. Before, finalizing any of the insurance policies it is important to evaluate each one of them and accurately assess which one will suit your needs the best. One can even take the assistance of professionals to carefully assess the policy and known about its inns and outs.
Importance of health insurance plans Various companies like Bajaj Allianz, HDFC Ergo, Oriental Health Insurance in India etc. can be approached for taking an insurance cover. With these policies, individuals and their families can remain stress free and need not have to worry about the uncertain medical expenses. The health insurance plan shall bear all your expenses related to medical bills, provided the choice of the best plan is made to suit your needs and requirements. In order to ensure that selection of the best plan is made, we have brought forth some tips for the insured to follow. Income Before you opt for any insurance policy from oriental health insurance or any other company, make sure to calculate the income in your hand. Budget can be computed by simply adding up income of the year and excluding your family expense. This way you will be able to know how much premium you can afford in a year and accordingly choice of insurance plan can be made. Type of health covers With different types of health covers offered by Oriental Health insurance and other companies, it becomes important to make choice of the most suitable one. For individuals who have a big family dependent on them, it is advisable to take a family package or opt for insurance of children under parent cover. Insurance under parent cover is a much more affordable option and the premiums are way cheap in comparison to the other plans available with different insurance companies. Obviously it is affordable, to pay premium to your parents instead of the insurance company. Medical history For individuals who have had a medical history of some of the most terminal issues, they have to spend lots of money on treatment. For such people, the most feasible thing to do is opt for a health insurance cover. It is also recommended to take the advice of your doctor, such that he/she can suggest you an appropriate plan and save you and your family with financial stress. Benefits of health insurance cover The health insurance plans offered by different companies like Oriental Health Insurance come along with various benefits. Once you have got your and your family’s health covered, you can reduce the stress of going through financial crisis. Moreover, you can stay strong knowing the fact that you have an insurance policy all available for you to cover medical bills and ensure that the treatment continues. Employer health cover If you are employed, it is important to inquire with the employer if they offer any medical cover to the employees or not. It is one of the cheapest and convenient options for you. If in case, your employer is not offering health insurance it is advisable to have insurance on your own. Conclusion With so many insurance companies and policies available in the market, it is advisable to keep in mind factors mentioned above and thus make choice of the best and most feasible health insurance cover for you and your family. A lot of changes have happened in the health insurance industry in the last 5 years. There has been an effort at standardizing and regulating the health insurance industry on part of the Indian government. Many investors bought their policies long ago when the rules were in favor of the insurers rather than the insured. Let us look at what you need to understand about the current health insurance scenario in order to choose the best affordable health insurance.
Don’t buy insurance too late It is common to see many customers, especially the educated lot who keep looking for a dream policy which has all their required features in a single plan. They want it all – high cover, low premium, no loading, best claim settlement, OPD cover, maternity and high end benefits. However, such a dream policy does not exist and you need to understand that health insurance products are very complex and their cost and features are associated with different parameters. There are a large number of investors who are delaying buying health insurance due to this reason and it is a big mistake. The main catch with this approach is that later you may be denied a health insurance because you may have crossed the age limit or you may have caught a disease which cannot be covered. It is always better to buy a good enough policy rather than waiting for the perfect policy after 5 years. Focus on the main big features that really matter and don’t get too attached to the minor points which may not match your requirement. Assess who you want covered and their health status It is necessary to have a finalized list of the people you want covered. While doing this you should take into consideration their current health status. Make sure to buy health insurance for all the members for whom you are responsible. For instance, many people buy insurance for themselves their spouse and children but ignore parents. Assess your lifestyle It is always best to keep a check on your own lifestyle as well as that of your family. If your family is healthy with a healthy lifestyle then you will be in a good place regarding risks and coverage required. This factor needs to be taken into consideration while deciding the sum assured. However, do bear in mind that good health or healthy lifestyle is not an excuse for not buying like bajaj allianz, bharti axa or HDFC health insurance or any other insurance. Individual cover or family floater You also need to be sure whether you wish to buy individual insurance for each member or simply buy a family floater plan. Family floaters are usually very efficient because they are based on the logic that all family members will not be hospitalized at the same time. The cover for the entire family is quite large and only one person will be making use of it at any given time. However, if one of the family members has health issues then it is better to look for individual coverage for this person. A high risk person should not be part of your family floater because it will mean that he or she has frequent claims every year and leaves the other members without cover when they need it. Top Five Reasons Why We Think Personal Accident Insurance Is Vital to The Construction Industry8/19/2016 Why do you need a personal accidental insurance? You need such an insurance against any kind of personal accident or accidental death incident. Amidst several plans available purchase the best plan that can actually save you a great deal on medical expenses.
You can buy your personal accident insurance on this basis:
Seeking an accidental insurance is the only way out of such a sticky situation. This is because an insurance can help you get the compensation for the loss in the form of weekly allowance or as a big lump sum for disablement. While you cannot prevent the situation and will have to accept your fate but at least with the insurance coverage you can ensure financial stability.
Thus, these are the five reasons why it should be considered that personal accidental insurance is integral to the construction industry. A Personal Accident Insurance Plan provides adequate compensation in event of death, total disability, partial disability, or injuries arising from an accident.
Having a personal accident insurance plan is as important as having health insurance and life insurance. For an example let’s assume that an individual meets with an accident that leads to disability and the injured person is unable to work for a very long duration due to this accident and injury. In such a scenario, a term life insurance policy would not be of any help as a life insurance plan would not help the policyholder or his family because the insured is alive. On the other hand, a health insurance policy, in such a scenario, will provide coverage only for hospitalization bills. However, a personal accident insurance plan ensures compensation against accidental death, total permanent disability, burns, and fractures. In addition to this, policy holder can also claim assistance for hospitalization up to a specific period due to illness and accident. It also provides coverage against ambulance expenses. Some insurers, such as Bharti AXA General Insurance Company, offer Personal Accident Insurance Policies to ensure coverage even against minute injuries happening in daily life. For example, inflicting a minor burn during cooking or small wounds to kids while playing, or slipping down from the staircase, etc. Policy offers double Indemnity against death arising or disability from accident while traveling in public transport. Things to Keep in Mind While Buying Personal Accident Insurance
The following are some additional common exclusions from a personal accident insurance policy:
The chief objective behind incorporating a personal accident insurance policy in your insurance portfolio is to compensate and protect yourself and your family members against the financial turmoil like medical expenditures, loss of revenue arising from unforeseen accidents. Thus, it is not a wise idea to neglect a personal accident insurance policy in the lieu of a basic health insurance or a life insurance policy. The health insurance market offers you an array of options in terms of health insurance policies. This, in turn, leads to a state of chaos and an individual ends up purchasing a random plan.
When it comes to choosing the best health insurance policy, you should prefer going for a plan offered by one of the oldest and most reliable insurers in India. To help you the right plan, we have compared two plans below, offered by two of the oldest insurers in the country: L&T Health Insurance and Oriental Health Insurance. L&T Health Insurance L&T Health insurance is a product of L&T General Insurance Company Limited – a subsidiary of Larsen & Toubro Limited. The company offers health insurance products, aiming at providing customer-centric service to its increasing number of customers all over India. Its insurance products cover a range of small, medium, and large- scale business enterprises. Offering products in both rural and urban areas of the country, L&T health insurance is renowned for its micro-insurance policies. The following are its health insurance plans offering coverage for an individual: my:health Medisure Classic Insurance A health insurance plan that offers basic coverage, i.e. hospitalization expenses to insured with the following features:
my:health Medisure Prime A health insurance plan that offers basic coverage, i.e. hospitalization expenses inclusive of critical illness, if any. The following are the features:
These are health insurance plans for an individual offered by L&T health insurance. In terms of coverage, these plans are quite beneficial and are almost comprehensive. Oriental Health Insurance Oriental health insurance is a product of The Oriental Insurance Company Limited that deals in non-life insurance domain only. The company was founded & established in 1947 and is one of the oldest insurance companies in India. Despite being limited to the domestic market, Oriental Insurance has is overseas presence too, i.e. in Dubai, Kuwait, and Nepal. The following health insurance plans are offered by Oriental health insurance for an individual: Individual Mediclaim Health Insurance This health insurance policy by Oriental insurance covers medical expenses of the policyholder on an individual basis. The following are the features:
The Verdict There is a strong belief in our minds, which says that the older the insurer is the better and more reliable its products are. However, you must always compare various plans online before purchasing one. |