Because the outbreak of Covid-19, the necessity of getting satisfactory medical insurance has been felt by every body. However, relating to shopping for a medical insurance coverage, there’s typically a confusion as to which medical insurance coverage to purchase. There are, in any case, quite a lot of well being covers and making the proper alternative at occasions turns into tough. And, not like life insurance coverage which is to be purchased within the identify of the bread earner of the household, be sure you purchase a well being cowl coverage within the identify of all members of the family.
Apart from shopping for the proper well being cowl coverage, it’s equally essential to maintain satisfactory protection in order that hospital payments are paid by the insurers and also you don’t have to choose the invoice from your individual pocket. And, keep in mind, there’s nothing known as the very best medical insurance coverage, select the one that’s complete in nature with most protection.
Let’s see 7 various kinds of medical insurance plans and what they’ve to supply. A few of them are necessities and to not be ignored whereas others could also be added to cowl dangers from all fronts.
1. Particular person medical insurance plan
While you need to purchase medical insurance for your self, the plan that you’ll have to purchase is the Particular person medical insurance plan additionally popularly known as the Mediclaim. They’re to be bought on particular person identify and, due to this fact, the premium relies on age, sum insured of the client. They’re indemnity insurance policies, that’s, they reimburse the precise bills incurred as much as the quantity of the quilt that you simply purchase. They cowl bills in case you are hospitalized for no less than 24 hours.
2. Household Floater plans
A Household Floater plan is essentially the identical as an Particular person medical insurance plan. The advantages stay largely the identical, however the sum insured could be availed by all or any family members and never a single particular person. For instance, as an alternative of shopping for Rs 3 lakh medical insurance cowl for every member of the household of 4, when you purchase a Household Floater plan for Rs 9 lakh, every member can avail advantages as much as Rs 9 lakh versus Rs 3 lakh within the earlier occasion. The premium in these plans is decrease in comparison with Particular person medical insurance plans.
3. Essential sickness plans
Not like a mediclaim plan, the essential sickness plan, no matter your hospital bills, pays the complete sum insured on the prevalence of the desired sickness. All insurers cowl 10 to 12 main essential sicknesses or much more, a few of that are most cancers, coronary artery bypass surgical procedure, coronary heart assault, stroke, kidney failure, aorta surgical procedure, coronary heart valve alternative, main organ transplant and paralysis.
4. Day by day Hospital Money plan
Because the identify goes, a Day by day Hospital Money plan is a medical insurance plan wherein the insured pays a set quantity each day when the policyholders get hospitalised. It doesn’t matter what the hospital invoice together with the room hire, physician charges and different prices, the Day by day Hospital Money plan pays relying on the variety of days plan opted by the insured.
5. Arogya Sanjeevani Coverage
In case you are too confused as totally different insurers supply totally different variants and options of their well being insurance policies, then that is the plan to purchase. As options and advantages of well being cowl plans might differ throughout insurers, there’s the Commonplace Well being Insurance coverage on supply from all insurance coverage corporations to assist in shopping for a normal plan. Ask for Arogya Sanjeevani Coverage, which is the Commonplace Well being Insurance coverage coverage, out of your insurer and purchase it. Commonplace Well being Insurance coverage Product is geared toward taking good care of primary well being wants, carrying comparable coverage wordings and enabling seamless portability among the many insurers. Arogya Sanjeevani Coverage will solely be an indemnity coverage which implies it’s going to work on a reimbursement foundation.
6. Corona Kavach Coverage
Corona Kavach Coverage is a selected medical insurance coverage overlaying hospital payments solely on account of Covid-19. They’re accessible solely with common and well being insurers and they’re indemnity-based plans wherein the hospital invoice will get reimbursed.
7. Corona Rakshak Coverage
Corona Rakshak Coverage can also be a selected medical insurance coverage overlaying hospital payments solely on account of Covid-19 however is offered with all insurers together with life insurance coverage corporations. In Corona Rakshak Coverage, 100 per cent of the sum insured is to be paid to the policyholder as it’s a benefit-based plan.