You can get peace of mind from various aspects of life but being healthy and keeping your family away from health issues tops the list. It might feel like prioritising the health of yourself and your family can be quite expensive, but in reality, if you plan well and in advance, it can be pretty affordable. There are several insurance companies in India that offer comprehensive health insurance plans that provide customisable coverage for you and your entire family within affordable premiums.
If you are wondering whether all-inclusive health insurance plans are crucial for your entire family or not, this is the article for you. Keep reading to learn more.
What are the Benefits of Comprehensive Health Insurance Policies for a Family?
If you do not have a solid idea about what a comprehensive health plan for families looks like, you can head over to acko.com and browse some of the best family health plans in the market. If you have an overall idea about the product, then you should know the following benefits of such health plans for you and your family:
1. Lifetime Coverage
You may have seen that many health insurance plans have a renewal age limit, which is usually up to 75 years of age. Comprehensive plans do not impose this limit and offer lifetime renewability, which is an invaluable feature. This ensures that a policyholder, irrespective of age, can continue to benefit from the coverage.
2. Financial Security
In times of medical emergencies what you most want is financial backing and quick access to healthcare. A comprehensive health insurance plan has two features, namely cashless hospitalisation, and hassle-free reimbursement. These allow you to get quick access to high-quality treatment without worrying about managing finances.
3. Useful Add-ons
Available with a slight increase in premium, a policyholder and his/her family get access to riders and add-ons with which one can make their basic plan even more extensive. Add-ons such as doctor on call, room rent waiver, and non-medical expenses can make a difference during hospitalisation. This often offers more financial relief compared to the slight increase in premiums.
4. Value-added Services
Comprehensive health insurance plans are great for families as they often improve their overall services by including additional services. These may include preventive health check-ups, teleconsultation with certified healthcare professionals, discounts on medicines, etc.
5. Tax Benefits
Apart from getting amazing coverage a comprehensive health plan also comes with tax benefits under Section 80D of the Income Tax Act. The policyholder can claim a deduction for healthcare costs up to Rs. 75,000. However, this limit slightly fluctuates over time.
6. No-claim Bonus
A no-claim bonus is another facility that comprehensive plans come with. The plan will get an increase in the sum insured if the policyholder does not make any claim throughout the year. Apart from the larger sum insured, the family members are encouraged to better their lifestyle and engage in proper health practices like frequent health check-ups and so on.
What Coverage Does a Comprehensive Health Insurance Policy Provide?
Take a look at the following coverage a comprehensive plan provides and decide for yourself if you require it or not:
1. Hospitalisation Costs
A comprehensive policy covers pre-hospitalization, including preparatory treatments, hospitalisation costs (including emergency cases), and post-hospitalization charges.
2. Ambulance Charges
Health insurance covers ambulance charges, which can vary by insurer. For instance, a comprehensive health insurance policy can cover unlimited ambulance trips up to the sum insured.
3. Pre-existing Disease Coverage
Pre-existing diseases, like blood pressure issues, diabetes or asthma, are covered under comprehensive plans after a fixed waiting period. These are ailments present when the insurance plan is purchased.
4. AYUSH Treatment
AYUSH treatments include Ayurveda, Naturopathy, Yoga, Siddha, Unani, and Homeopathy. Insurance companies now cover these alternative treatments and may extend hospitalisation coverage for AYUSH hospitals that are registered.
5. Daycare Treatment
Daycare treatments, requiring less than 24 hours of hospitalisation, include complex surgeries like cataract surgery. Advanced technology has made these procedures more efficient. Such daycare treatments are covered by comprehensive medical insurance plans.
6. Domiciliary Hospitalisation
Domiciliary hospitalisation, where treatment occurs at home due to factors like insufficient medical facilities, and unavailable hospital beds, is covered under a comprehensive policy.
7. Organ Donor Expenses
Organ donation involves treatment and surgery, including hospitalisation and pre and post-hospitalisation. A comprehensive healthcare insurance plan covers this and related expenses.
The Bottom Line
Comprehensive health insurance plans offer extensive coverage and invaluable benefits for families that ensure financial security and peace of mind. With features like coverage for a wide range of treatments, lifetime renewability, and additional services, these plans are essential for safeguarding your family’s health and well-being during tough times.
If you are in search of such comprehensive plans, give ACKO’s website a visit and browse their plans.
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