Health insurance is vital for every individual. Individuals are advised to give truthful and accurate information while availing a health plan to ensure there are no issues in the future, when you need to file claims under the insurance policy. Pre-existing conditions are those medical ailments that you have already been diagnosed at the time of buying the policy. When you are doing a health insurance plan comparison, it is recommended that you check this period and avail a policy that has a lower waiting period if you suffer from any pre-existing condition. Most insurance companies do not offer coverage for pre-existing conditions until a certain period from the commencement date of the policy. This means that if you need treatment for such conditions, the health plan will not cover the expenses until the end of the waiting period. Often conditions, such as bile duct stones, hemorrhoids, varicose veins, ulcers, and knee replacement surgeries have longer waiting periods. When you compare health insurance plans, you need to check the conditions and treatments that have a longer waiting period of 2 or more years. Individuals are advised to compare health insurance terms and conditions to get a better understanding of such waiting periods and exclusions. Medical expenses incurred within 30 days from the commencement of the policy are not covered. View Health Plans Waiting Period and Exclusions Health vouchers (0.1% of sum insured) to be used within one year of issueĪvailable for more than 200 day-care procedures not requiring hospitalization exceeding 24 hoursĪctual Expenses Incurred During Organ Donation ProcedureĪutomatically restored to original sum insured in case original sum insured and multiplier benefit is exhausted The following table provides a health insurance comparison for single life and family floater health insurance provided by HDFC Life based on several parameters: Â Before you make a decision, it would be a good idea to compare health insurance plans from different institutions. Most insurance companies in India provide different kinds of health plans. To avoid such disastrous financial situations, it is recommended that you avail a health insurance policy.
To meet such expenses individuals often need to obtain loans or sell assets, such as vehicles and jewelry to cover treatment costs. With increased incidence of lifestyle diseases and rising costs of health care, medical expenses are unavoidable for all of us. A single hospitalization can eliminate your entire savings or may even result in enormous debt. Medical emergencies are unforeseen events that can put a huge strain on your finances.
In many cases, a health insurance company or health insurance comparison can pay off financially for you - the possible savings potential is at best more than 100 Swiss francs per month.Explore Retirement - Annuity & Pension Plans
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