Know The Facts About Health Insurance Plans

A health insurance plan is what everyone must have today in this uncertain world. No one is aware when they will find themselves in an emergency exigency situation. This is where your health insurance will safeguard you and your health by covering all the expenses incurred while seeking medical care. It is a general fact that your parents are most likely to contact various kinds of diseases and sickness, quite often.

Best Health Insurance Plans at Glance

Three health insurance plans are offered by the companies currently:

• Smart Health Insurance

This health insurance policy covers the insured’s hospitalization expenses, and the sum assured value in this health insurance range from Rs 3 Lakhs to 60 Lakhs. This health insurance policy’s entry age is 91 days, and there is no upper age limit for this health insurance plan. There is no coverage offered in critical illness. The coverage and benefits offered under this health insurance plan include:

• Domiciliary hospital expenses
• Daycare treatment expenses
• Organ donor expenses
• Hospitalization expenses
• Ambulance charges
• Hospital cash allowance
• Home nursing expenses

• Smart Health Critical Illness Insurance

As the name suggests, this health insurance plan offers coverage and benefits to the insured against any critical illness. Under this health insurance, all the expenses, including medical and hospital expenses, are covered and reimburse the expenses used to treat the critical illness. The sum assured value in this health insurance range from 2 to 6 lakhs, and the entry age of this plan is 91 days to 55 years. This health insurance covers over 20 different types of critical illnesses. Some of the highlights of this health insurance include:

• Hospitalization expenses
• Organ donor expenses
• Pre and post hospitalization expenses
• Hospital cash allowance
• Home nursing cost
• Ambulance charge

(C) Smart Individual Personal Accident Insurance

This health insurance provides coverage for the expenses incurred during an accident, resulting in the insured’s death or disability. This is the smart health insurance that not only provides protection and coverage to the insured, but the family members are also covered under this health insurance. The sum assured value in this policy ranges from 2 lakhs to 5 lakhs, and the entry age of this policy is 18 years to 75 years. Some of the benefits and features of Smart Personal Accident Insurance include:

• Pre and post hospitalization expenses
• Total Hospitalization expenses
• Dread disease recuperation
• Home nursing expenses
• Hospital cash allowance
• Organ donor expenses
• Ambulance charges

Additional Perks with best Health Insurance Plans

• There is a renewal discount available for each claim-free year. You can get up to a 25% discount on subsequent renewal premium if no claims are made in the year
• The premiums paid for the health insurance are subject to income tax benefits under Section 80C of the Income Tax Act
• After every four claim-free years, the insured gets 1% of the sum assured to spend for a complete health check-up

If the policy buyer undergoes a medical checkup before the policy’s approval, the checkup expenses will be borne.