What is health insurance ?

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Health Insurance Is Guard For You

• What is Health Insurance?

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• Introduction
• Health Insurance, also known as Mediclaim in
  India, is a form of insurance which covers the
  expenses incurred on medical treatment and
  hospitalisation. It covers the policyholder
  against any financial constraints arising from
  medical emergencies. In case of sudden
  hospitalisation, illness or accident, health
  insurance takes care of the expenses on
  medicines, oxygen, ambulance, blood, hospital
  room, various medical tests and almost all other
  costs involved. By paying a small premium every
  year, you can ensure that any big medical
  expenses, if incurred, will not burn a hole in
  your pocket.

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• Benefits Of Health Insurance Policy
• Cashless facility
• Each health insurance company ties up with a
  large number of hospitals to provide cashless
  health insurance facility. If you are admitted to
  any of the network hospitals, you would not have
  to pay the expenses from your pocket. In case the
  hospital is not part of the network, you will
  have to pay the hospital and the insurance
  company will reimburse the costs to you later.

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• Pre-hospitalisation expenses
• In case you have incurred treatment costs for
  the ailment for which you later get admitted to a
  hospital, the insurance company will bear those
  costs also. Usually the payout is for costs
  incurred between 30 to 60 days before
  hospitalisation.
• Hospitalisation Expenses
• Costs incurred if a policyholder is admitted to
  the hospital for more than 24 hours are covered
  by the health insurance plan.
• Post-hospitalisation expenses
• Even after you are discharged from the hospital,
  you will incur costs during the recovery period.
  Most mediclaim policies will cover the expenses
  incurred 60 to 90 days after hospitalisation.
• Day Care Procedure Expenses

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• Due to advancement in technology some of the
  treatments no more require a 24 hours of
  hospitalisation. Your health insurance policy
  will cover the costs incurred for these
  treatments also.
• Ambulance Charges
• In most cases the ambulance charges are taken
  up by the policy and the policy holder usually
  doesn't have to bear the burden of the same.
• Cover for Pre-existing Diseases
• Health insurance policies have a facility of
  covering pre-existing diseases after 3 or 4 years
  of continuously renewing the policy, i.e. if
  someone has diabetes, then after completion of 3
  or 4 years of continuous renewal with the same
  insurer (depending on the plan offered and his
  age), any hospitalisation due to diabetes will
  also be covered..

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• Tax Benefits
• The premiums paid for a Health Insurance Policy
  are exempted for Under Section 80D of the Income
  Tax Act. Income tax benefit is provided to the
  customer for the premium amount till a maximum of
  Rs. 15,000 for regular and Rs. 20,000 for senior
  citizen respectively.
• No-Claim Bonus
• If there has been no claim in the previous
  year, a benefit is passed on to the policyholder,
  either by reducing the premium or by increasing
  the sum assured by a certain percentage of the
  existing premium.
• Health Check-Up
• Some medical insurance policies have a
  facility of free health check-up for the well
  being of the individual if there is no claim made
  for certain number of years.

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• Complications are many but solutions are too
  many. From internet or agents and calculators to
  policy planners everyone is available at your
  service. Today you can purchase an insurance
  policy just at the click of a button, without
  even moving from your seat. Now isnt that a
  modern day convenience for acquiring a modern day
  financial cover!

Thank You..!
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• To Know more details http//www.bajajallianz.
  com/Corp/health-insurance/health-insurance.jsp

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