Less known facts about health insurance for your benefit
In this article, we have tried to cover a few important features of health insurance for your benefit.
Alternate treatmentsIt is a general impression that health plans only cover allopathic treatments. As per the Insurance Regulatory Development Authority of India (IRDAI) 2013 guidelines, health plans can cover alternative treatments such as Ayurveda, Unani, Siddha, and Homoeopathy. If you are a believer in alternate medicine, check if your insurance plan covers it.
Free health check-upHealth plan covers free medical check-up up to a certain limit. These health check-ups are cashless and are available to people who have had four to five consecutive claim free years.
No claims bonusIn case you don't file a claim during the policy's year-long tenure, you become eligible for a bonus. The bonus could be a higher sum insured (up to 50 percent) or a discount in premium during the annual renewal. Insurers may also offer a cumulative bonus instead for every no-claim year.
Day care treatmentHome treatment for a disease or injury under medical supervision is compensated by the health insurance companies. There is a limit on the number of days and the plan varies from policy to policy. Check before you are buying a health plan and ask how many days of day care is covered.
Recovery benefitA few insurance companies also pay a lump sum to cover additional costs such as loss in income or compassionate visits by family members resulting from prolonged hospitalisation, as defined in the policy document. It could range from 7 to 12 days. Read the policy features to make use of this benefit.
Daily cash benefitA few insurance companies also cover your other expenses apart from the medical costs. These are costs like food, visits, etc. Check with your company and make use of this policy in case of hospitalization.
HDFC Life provides its patrons with a variety of health insurance policies. For more information, visit https://www.hdfclife.com/insurance-knowledge-centre/secure-your-health
Subscribe to get the latest articles directly in your inbox
Life & Term Articles
New Union Budget Highlights 2022-2023
February 05, 2022
Term Insurance Tax Benefits Under Section 80C & 80D
November 14, 2023
Term Insurance Guide
August 16, 2022
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
The Link between Self-Control and Our Perception of Risk
"According to a research study, whether we have high or low self-control, we could contract a heart disease at any time, or have to suffer the consequences of a heart disease based on our current lifestyle. Hence, HDFC Life explains the link between self-control and our perception of risk."
Why You Need Critical Illness and Disability Insurance
"It is very important for you to have insurance for critical illness and disability as these conditions attack in the most unexpected times. HDFC Life helps you understand how an insurance cover can leave you completely secured in those times of need."
- term insurance plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- long term savings plan
- fixed maturity plan
- monthly income advantage plan
- income tax calculator
- pension calculator
- bmi calculator
- compound interest calculator
- term insurance calculator
- income tax
- tax saving investment options
- best investment plans
- benefits of term insurance calculator
- what is term insurance
- why to invest in life insurance
- tax planning for salaried employees
- how to choose best child insurance plan
- tips for buying retirement plan
- 1 crore term insurance
- importance of saving
- short term saving plans
- types of investment in india
- investment declaration
- Life Insurance
- Union Budget 2023
- New Income Tax Slab 2023-24
- HRA Calculator
- Term Insurance