Planning To Take Health-Medical Insurance Policy In India? Be Cautious
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We hear around of Health Insurance Policy, we come across TV advertisements regarding Health Insurance Policy, paper advertisements regarding Health Insurance Policy as well as emailers regarding Health Insurance Policy.
By seeing all these we start to buy a health insurance blindly by hearing agents false promises or wrong informations. before buying a Health Insurance Policy In India you should know some hidden points.
What Is Health-Medical Insurance?
The term ‘Health Insurance’ relates to a type of insurance that essentially covers your medical expenses. A health insurance policy like other policies is a contract between an insurer and an individual / group in which the insurer agrees to provide specified health insurance cover at a particular “premium” subject to terms and conditions specified in the policy
Note: Here terms and conditions are very important and we never look into it.
Why is Health-Medical Insurance important to us?
All of us should buy health insurance and for all members of our family, according to our needs. Buying health insurance protects us from the sudden, unexpected costs of hospitalization (or other covered health events, like critical illnesses) which would otherwise make a major dent into household savings or even lead to indebtedness.
Each of us is exposed to various health hazards and a medical emergency can strike anyone of us without any prior warning. Healthcare is increasingly expensive, with technological advances, new procedures and more effective medicines that have also driven up the costs of healthcare. While these high treatment expenses may be beyond the reach of many, taking the security of health insurance is much more affordable.
What Terms and Conditions To Glance Before Taking Health-Medical Insurance Policy In India or general exclusions under health insurance policies in india?
As per IRDA diseases arised due to smoking/cigarette will not be claimed in Health-Medical Insurance Policy In India
Diseases arised due to Alcohol/Drinking will not be claimed in Health-Medical Insurance Policy In India
Some Insurance Company keeps a waiting period for pre-existing diseases.
Pre-existing diseases at the time of buying the policy will be excluded by Some Insurance Company
Some Insurance Company keeps a waiting period for Some diseases.
Some Insurance Company excluded Maternity care (Pregnancy) and childbirth related.
Treatment arising from or traceable to pregnancy, childbirth, miscarriage, abortion or complications of any of this, including caesarian section
Cosmetic surgeries, cost of spectacles are generally excluded from mediclaim-Health-Medical Insurance.
All types of Dental treatment or surgery-corrective, cosmetic or aesthetic procedure, filling of cavity, root canal, wear & tear
Expenses arising from HIV or AIDS are excluded from mediclaim-Health-Medical Insurance.
Medical expenses arising from misuse of liquor, drugs, smoking/cigarette etc is also not included in the Health-Medical Insurance policy.
Injury or disease caused by nuclear weapons.
Hospitalization due to war.
Treatment other than allopathy medicine (i.e. homoepathy, ayurvedic, naturopathy) will be excluded.
Any Insured Person committing or attempting to commit a criminal or illegal act, or self injury or attempted suicide
All types of dental treatment or surgery of any kind
Treatment to relieve symptoms caused by ageing, puberty, or other natural physiological cause, such as menopause and hearing loss caused by maturing or ageing.
Treatment for obesity.
Treatment for sleep apnea, snoring, or any other sleep-related breathing problem.
Treatment for speech disorders, including stammering unless the disorder occurs directly due to an Accident.
Any treatment received outside India
list of diseases may vary from one health policy to another. So get a policy that best suits you.
Like above there are many clauses, Terms and Conditions which you should go thoroughly before buying a Health-Medical Insurance Policy In India.
Final Word: Health-Medical Insurance Policy is a must to each and every family, but some above facts(there are many factors but we covered some only) you should know before taking a policy so that you should not suffer after taking a Health-Medical Insurance Policy in india