|
|
A health insurance policy is a contract between an
insurer and an individual or a group, in which the insurer agrees to
provide specified health insurance at an agreed-upon price the premium.
Depending on the policy, the premium may be payable either in a lump sum
or in installments. Health insurance usually provides either direct
payment or reimbursements for expenses associated with illnesses and
injuries. However, prior to selecting an insurance it is ideal to
compare health insurance policies that are available.
When conducting a survey to compare health insurance policies you should
keep in mind that the cost and range of protection provided by the
health insurance will depend on the insurance provider and the
particular policy purchased. These days, most companies give the benefit
of health insurance to the employees. However, in case your employer
does not offer a health insurance plan, it is advisable to opt for a
health insurance scheme.
In India, many companies are offering health insurance
policies. All of the polices have their own set of conditions for
coverage. Some are government based while others are private. Some of
the existing health insurance schemes currently available are
individual, family; group insurance schemes, senior citizens insurance
schemes, long-term health care and insurance cover for specific
diseases.
The insurance policies offered by GIC are: Mediclaim Policy, Personal
Accident – Individual, Personal Accident – Family, Group Accident
Insurance, Jan Arogya Bima Policy, Bhavishya Arogya Policy (Insurance
for senior citizens), Traffic Accident Policy and Overseas Mediclaim
Policy
The Life Insurance Corporation (LIC) offers The Asha Deep Plan which
provides cover for cancer, paralytic stroke, renal failure and coronary
artery disease. Jeevan Asha is the other healthcare product offered by
LIC.
ICICI Lombard is a private company offering various kinds of insurances
like 10K Tax saver health insurance that offers health insurance for a
fixed premium of Rs. 10,000/-. It has Family float plan that offers
health insurance of all the family members under one policy. The amount
of policy can be used combined as well as individually by a member. It
offers cover for up to 2years with no change in the premium. There are
overseas and student overseas travel health insurance policies that
cover all the possible expenses of emergencies that may occur while the
insured is traveling abroad. These policies offer cashless
hospitalization in India at over 1100 hospitals and globally as well.
The Bajaj Allianz insurance company offers a comprehensive range of
health insurance policies. Health guard covers the pre and post
hospitalization expenses and has coverage of up to five lakhs. Hospital
cash policy offers coverage of all the hospitalization charges as well
as exemption from income tax. Critical illness offers protection against
the 10 major life threatening illness like Cancer, Heart Attack,
Paralysis, Kidney failure, Stroke, etc. In transplant surgery donor
expense are covered. Sum assured apt 50 lacs per insured. The Personal
guard policy covers against accidental death and comes with several
additional benefits like hospital confinement allowance, children's
education bonus.
|
|
