Life can be unpredictable and with rising healthcare costs it is best to be prepared by investing in health insurance. In the last year alone, India has witnessed a hike of 14% in healthcare inflation, almost double from previous figures. With the coverage provided by a health insurance policy, one could avoid the unexpected expenses incurred by hospitalisation, doctor’s fees and other medical costs. However, within a health insurance plan, a few things are covered (Inclusions) while a few things are not covered (Exclusions).
Let’s familiarise ourselves with the typical ‘inclusions’ of a health plan.
Pre and Post Hospitalisation Expenses
All medical costs before hospitalisation and post-discharge like doctor’s fees, medical expenses, and follow-up tests are covered.
In-Patient Hospitalisation
Any expenses incurred by you during hospitalisation such as room charges, nursing care, ICU and doctor’s fees.
Annual Health Check-ups
Policyholder gets annual health check-ups once a year including tests for blood sugar, kidney function, ECG etc.
No Claim Bonus (NCB)
NCB is a reward for the claim-free year and the bonus gets accumulated with each claim-free year.
Day Care Treatment
This treatment does not require hospitalisation for 24 hours and can cover cataract surgery, chemotherapy dialysis etc.
Cashless Admission Facility
Policyholder just needs to carry an identity card issued by the insurance company to avail cashless admission facility. This does not require any advance payment for the admission procedure.
Health insurance is crucial for your peace of mind so it’s equally important to know all the facts. While taking a health insurance policy read the exclusions and inclusions carefully of your insurance provider. Know your inclusions and benefit from them in your time of need.
