7 KNOWN BENEFITS OF HEALTH INSURANCE YOU SHOULD BE AWARE OF

There are so many benefits of health insurance that are not used by people due to lack of knowledge of these under publicized benefits. It’s like your insurer or advisor has told you the benefits or rather than this it’s a great idea to read the document before you sign them.It’s very important for everyone to understand everything that we are buying, any investment or insurance policy, what we are getting and their benefits provided by them. Take complete knowledge of your policies from your insurer or advisor.

1. DAILY HOSPITAL CASH ALLOWANCE: Your health insurance policies take care of the cost of hospitalization, right? But what about the incurred expenses such as on food or refreshments? Or, the money spent while travelling from hospital to home and vice versa? Because these are also added up to a substantial amount. Well, don’t worry about this because the solution lies within your policy term. Check if your health insurance provides similar benefits.

2. CONVALESCENCE BENEFIT: Apart from hospitalization cost, many companies also give the insured’s recovery expenses. The lump sum duration of prolonged stay usually lies between 7 to 10 days among policies. To ensure the supplementary costs due to stay in hospital you have to confirm what kind of benefits are provided by your health insurance company.

3. ALTERNATIVE TREATMENT: According to IRDA draft guidelines many companies covering non-allopathic form of treatment, like Ayurveda, Unani and Homeopathy, for instance, New India Assurance is undertaking to reimburse 25% of these kind of expenses, provided the treatment is at a government hospital.

4. TREATMENT TAKEN AT HOME : Well, we all need health insurance for security of our future. Many health insurance companies restrict their scope to hospitalization or day-care procedures according to their general impression or there are some other insurance companies which provide domiciliary treatment, too. That is, the treatment undergone at home as per doctors’ advice.

5. EXPENSES RELATED TO ORGAN DONORS:The transplantation surgery puts more pressure on the insured – financially as well as emotionally. Now this is very important to get the complete information about your health insurance because in this case besides the cost of organ recipient’s treatment, the donor’s expenses are also included in the hospital bill. You should know that is there any provision in your insurance policy to claim the expenses related to the donor as well.

6. ATTENDANT ALLOWANCE :If you have child health insurance, in this case some policies give a fixed allowance. “If your child is aged between 12 years or less and is hospitalized, in this case many health insurance companies give you the daily cash amount for one accompanying adult for each day, after the third day of hospitalization”.

7. LUMP SUM FOR CRITICAL ILLNESSES :Nowadays all insurance company policies cover expensive procedures like dialysis and chemotherapy. For instance, L&T Insurance's health policy offers double the sum insured for treatment of these serious ailments.

These are the important factors to look into while selecting health insurance in India.

If you are interested to buy health insurance , please feel free to reach us from any of the touch points mentioned below and we'll be happy to assist you.

Call us Toll Free No. : 1800-209-5846or SMS 'LTI ' to 56070 58 (56070-LT)

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