9 Unnoticed Advantages of Health Insurance Policies

It’s the fundamental right of every individual to have a minimum of basic health care. Individuals should realise that just because they are healthy and young doesn’t mean they are invincible. A mishap can hit anyone at any time. You must be prepared to fight against any and all illnesses.

Aside from being physically and mentally healthy, you must also obtain a good health insurance plan that will provide you with the necessary coverage and cover all of your expenses during the treatment or therapy phase.

The primary goal of medical insurance is to provide full medical coverage, which includes daycare procedures, ambulance costs, pre and post-hospitalisation, domiciliary fees, and more. A health insurance policy protects your funds if a significant health issue requires hospitalisation during the policy time. These are just a few of the benefits of having a health insurance policy. But do you know there’s more to it?

However, most individuals believe that medical insurance coverage simply covers hospitalisation costs. Nonetheless, this isn’t the entire story. The finest medical insurance in India covers additional expenditures as well. However, several advantages of health insurance policy advantages go unnoticed since policyholders are completely unaware of them. Don’t forget that the usability of your medical insurance’s health coverage is influenced not only by its characteristics but also by your capability to make use of them. Let’s have a closer look.

9 Unutilised Benefits of Medical Insurance

Listed below are some of the unnoticed or unutilised benefits of health insurance in India:

  • Alternative Treatment

Well, alternative treatment’s popularity has risen in recent years. Consequently, several insurance providers are now covering alternative treatments like homoeopathy, yoga, and Ayurveda. For example, TATA AIG’s MediPrime plan covers alternative therapy for a maximum of  ₹25,000. However, insurance companies in India will just pay for alternative therapies if they’re performed at a facility accredited by the National Accreditation Board on Health and the Quality Council of India or at a government hospital.

  • Convalescence Benefit

Often known as recovery or recuperating benefits, insurance companies reimburse the insured’s recovery expenditures under this category. The benefit is intended to compensate for any additional expenditures that may develop as a result of hospitalisation, such as lost income. The insurance companies pay a lump sum payment if the insured is hospitalised for more than 7 to 10 days. Some plans cover additional expenditures like compassionate visits from family members.

  • Domiciliary Treatment

Most insurance companies have broadened their coverage in order to include treatment received at the house while under the supervision of a medical expert. However, insurance companies have set a limit on the sum as well as the total number of days under this benefit.

  • Costs Associated with Organ Donation

A kidney transplant might cost between ₹3 lakh to ₹5 lakh. Having medical insurance in place assures that you’ll not be concerned about your medical bills prior to undergoing organ transplant surgery. As part of an insurance company’s normal health insurance coverage, they cover organ transplant procedures. Some insurance providers cover the whole cost, while others set a limit or provide it as an add-on cover. However, insurance companies only pay the cost of the procedure to harvest the organ. Other expenses, like the donor’s hospitalisation, screening fees, and post-surgical problems, are not covered by the insurance company.

  • Attendant Allowance

Adults attending the insured party at a hospital are qualified for an attendant allowance only if the insured individual is a kid. The total number of days during which the insurance provider pays the attendant allowance is generally fixed.

  • Free Health Checkup

Another advantage of health insurance policies is that they provide free periodic health examinations to the insured party after every 4 or 5 claim-free years. When tests are performed at accredited hospitals or centres, insurance companies provide cashless health checks.

  • Daily Hospital Cash Allowance

Insurance companies provide extra financial protection to cover expenditures not covered by the insurance plan, like travel and food.

  • Bariatric Surgeries

Bariatric surgery is no longer seen as a cosmetic weight loss therapy but a life-saving procedure for obese people suffering from medical issues caused by or connected to weight. Many insurers in India cover bariatric procedures if they are performed for medical reasons.

  • Dental Treatment

Numerous insurance providers in India cover dental treatment with sub-limits once every few years.

Winding Up

We hope it is now clear to you about the unnoticed benefits associated with health insurance. So, make sure you read the policy terms and conditions thoroughly before investing in health insurance plans for family or an individual policy.

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