How many of us take the effort of reading the Mediclaim policy documents thoroughly before signing? We merely rely on the company’s executive who briefs us about the benefits of the health insurance policy. If the health insurance policy fits our requirements and budget, then we opt for it. However, a health insurance policy consists of a lot more than risks covered, premium amount and sum insured. New-age health insurance plans are giving some unique features that could benefit you and your entire family; do note, such Mediclaim policies may attract higher premiums.
According to the IRDAI’s guidelines, health insurance plans can cover expenditure made on allopathic treatment along with alternative treatments like Unani Siddha, Ayurveda, and Homeopathy. Therefore, many insurance companies have modified their health insurance plans and included non-allopathic treatments. However, there are certain restrictions under this section. To find out more about this feature, you can speak to Bharti AXA’s expert.
Many Mediclaim policies come with a free health checkup option. This option is usually offered to those policyholders who have not made a single claim in the year. You can speak to your insurer, find the nearest cashless hospital, and avail this service. This helps in early detection of any illness and prevents any fatal medical conditions.
If the insured is hospitalized due to a medical condition, then the health insurance policy may provide them with an additional cash reimbursement for other expenses or lack of income. Some policies even have a clause where if the insured is in the ICU or critical, then these allowances are doubled. Make sure to avail this feature as it gives you a little financial support during your recovery time.
Some Mediclaim policies do not cover your existing illness completely, while some have a waiting period of up to 48 months. However, in the best interest of the customers, insurance companies have now lowered the waiting period for existing diseases. This may be an add-on to your policy, but it surely is worth the price.
Almost every health insurance plan offers either a discount in premium or increased sum assured in the coming year if there has been no claim made by the insured throughout the year. This is called ‘No claim bonus’.
Because health policies are no joke, you must carefully read its features, terms and conditions before purchasing. When buying a health insurance plan, you must compare such features and the premium amount to choose the best one. Bharti AXA offers comprehensive Mediclaim plans. To find out more about our health insurance plans, speak to our health insurance plans’ expert today.