Monday, November 11, 2019

10 situations in which a Family Health Insurance Plan can save

Must Read

5 Things you must consider before planning a trip

Everyone deserves to have a little time out and go on vacation every now and then. That applies to...

Want to keep your kids away from tabs & smartphones? Here’s how

In this era of technology children are learning how to use a smartphone earlier than they learn to recite...

5 Basic Tips to Whiten Your Teeth

Are you ready? Wondering, whether the white teeth are the elements of the lifestyle? Of course, yes! The white teeth are...

7 Medical Symptoms Women Shouldn’t Ignore in Ovarian Cysts

Mother, daughter, sister, friend, wife and many more are the synonyms of a women.  Despite of thinking about herself,...

5 Situations When You Need the Deck Replacement Urgently!

Many homeowners have the tendency to delay the repair and renovation work of their decks. No matter how beautiful...

Hair Transplant: Know and Understand All The Available Procedures

No more need to dread receding hairlines and baldness. Avail treatments and procedures to get a beautiful head of...

Not everyone can afford the high escalating cost of medical treatment for different illnesses. Most of us are not even prepared for the high bills because we may have different plans for saving. A health insurance policy for a family is a must-have in today’s time. Though the size of the family has reduced the medical facilities come at a heavy price. Let us see situations where the Family Health Insurance Plan will save you.

1. Wider Family Cover

You want to be sure that each family member is covered properly against diseases but at an affordable rate. Under an individual mediclaim policy, no doubt that the members covered will have independent Sum Insured. But under a Family cover, the premium amount is less as compared to an individual plan.

2. City Inflation Rates

The younger population of India is settled or living in the metro cities. The cost of living is already high in metros and so for them, the Family Health Insurance policy will be beneficial because the premium is comparatively less.

3. No Claim Bonus and medical cost

For every claim-free year under the Family Health Insurance Policy, a bonus gets accumulated to the Sum Insured. It will help you in the long run and at the time of claim after a few years. This is an added benefit because every year it is expected that medical inflation rises at the rate of 15%-20%. This accumulated bonus for every claim-free year can be used by any of the members covered under the policy.

4. Expenses other than medical bills

Suppose any of your family member who is covered under the Family Health Insurance has chosen an alternative treatment under AYUSH. You may worry about the alternative therapeutic expenses. But your family health insurance will save you as it covered multiple expenses that include medical bills, pre and post hospitalization expenses, maternity benefits, Ayush Treatment, animal bites, and a whole lot more.

5. Critical Illness Cover

Your family is covered under Family Health Insurance. One of the family member suffers from Cancer for which the cost of treatment is extremely high. But in such a situation, you will get a breather because the Family Health Policy covers medical expenses related to Critical Illness.

6. Complimentary Health Checkups

There are insurance companies that offer you a complimentary health check-up if you buy their Family Health Plans. Imagine you have an elder person covered under the policy for whom an annual check-up is essential which may cost you around Rs.5000 to Rs.10,000. In such a case, you will save money.

7. Loyalty Benefits

There is an appreciation in the cost of living and the percentage of this increase is higher when you live in metropolitan cities. Every year, the premium is said to increase under the Health Insurance Plan but there can be insurance companies that may offer you loyalty benefits if you renew with them. They will not raise the premium for you. So you save money. In the nutshell “Gareebi Mei Ataa geela Nai hoga.”

8. Animal Bites

Imagine your child was playing in the garden and suddenly your neighbour’s dog bit him. You had to take him to the hospital for the vaccination. The Family Health Insurance Plan covers your treatment & vaccination charges.

9. Maternity Benefits

You may not be planning a child at the time of buying a Family Health Insurance Plan. But it will be wise if you buy a maternity add-on cover. It will cover your delivery and other expenses. The waiting period applies but maybe by the time when you need it actually, the expenses can be reimbursed.

10. Organ Donor Expenses

Think of it that your cousin needs a kidney that you plan to donate because your blood group matched his. Now, for the treatment, you will also be hospitalized. Such organ donor expenses will be covered under the Family Health Insurance Plan.

The Zigverve Team
The dedicated team at Zigverve that aims at bringing you the best lifestyle updates from all over the world.


Please enter your comment!
Please enter your name here


What's popular

When is the right time to repair your roof depending on the material you are using?

There is a wide variety of materials to choose from when it comes to roofing your home. While, on...

The ultimate guide to buying the perfect gemstone engagement rings

Buying an engagement ring can be a stressful experience, as you have to check so many things before you make a final decision. No...

Top 7 reasons why you should not be bailing on your breakfast

Every meal you have throughout your day gives you a chance to nourish your body. It all depends on the choice of food that...

Fitness Wonder – Coconut Oil

New super-foods trigger regular hypes among fitness bloggers, health fanatics and passionate athletes and are often summoned as a panacea thanks to their supposed...

Why is your hair falling and what can you do about it?

It is quite natural for people to keep on losing their hair from time to time and even throughout the day as you do...

How much does it cost to fix a flooded basement?

How often have you heard people say that “I am a water animal”? I have heard people say it several times. So, when it is...

Wear a leather jacket the chicest way – Your ultimate style guide

We all have a different interpretation of style. To some, it is minimal, whereas to others, it is larger than life. When it comes...

How Important is Vitamin C For Your Skin?

Everyone wants healthy, glowing skin free of blemishes and dark spots. No one wants to deal with skin cancer caused by the sun's UV...

10 situations in which a Family Health Insurance Plan can save

Not everyone can afford the high escalating cost of medical treatment for different illnesses. Most of us are not even prepared for the high...

More Articles Like This