August 16, 2019 3:31 pm,
Health Policies? Is there a need? Let’s explore.
Are you concerned about skyrocketing medical expenses? Increase in different illnesses starting from life-style related illness to other rarer illness is making you worry about you and your family’s health expenses?
We all aware that Medical emergencies come as a surprise. We try very hard to maintain good health, but We know very little when it comes to health policies. Not any more! This article let you know the complete details of health policies in a simple way.
Let us understand health Policies in detail.
We all are aware of the fact that medical expenses are the most unexpected expenses. Imagine someone who undergoes a major surgery and who has no health insurance. Who will pay the huge medical bills? If the same person had taken health insurance, then it would have been a smooth ride. Isn’t it or not? This is where health insurance plays a major role.
Health Insurance is a must for every individual and it should not be considered as wasteful expenditure. When it comes to investment, health insurance and term insurance is a must to safeguard our family’s future.
Health insurance is very much affordable and can be a great support in the time of crisis on the health front.
All most all Insurance companies offer a varied range of health Insurance policies. In this article, we have taken one such policy from HDFClife “ HDFCLife Easy Health Plan”
Why do I need this plan?
Critical illness insurance provides a lump-sum payment in case the policyholder is diagnosed with health-related conditions of a serious nature like Heart attack, cancer, Paralysis, Major organ transplant etc.
This is just an example. We have calculated the benefits for a person aged about 36 years old.
Sum assured: 5 lakhs
The total premium you need to pay for 5 lakhs sum assured would be= 73,486
Plan option: Includes all 3 benefit options shown below
You can buy this plan with 3 benefit options:
Policy Term: 5 years
Premium frequency: Single or one-time payment
Premium paying term: 1 year
So, in the above example, a person aged 36 years can get all the 3 benefits by just paying a premium amount of 73,486. The policy term is for 5 years. So, in case of any medical emergency during the policy period, you can avail the benefits listed above.
The health insurance plans are for an individual plan or for a group plan.
Most of the insurance providers cover treatment both under:
There is a famous saying “Health is Wealth” that refers to the importance of health! So, health is the greatest wealth in this world. But the cost of medication and treatment has been going sky high. Hence, the only respites that anyone can manage the treatment of such situations are by having adequate coverage in the form of health insurance. Health insurance is a must for every individual and family to stay safe.
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