Many people think that when they apply for their individual health insurance, they are only covered for their hospitalisation expense. This is not the truth. The fact is that most of the Indian mediclaim policies offer to cover a number of the associated benefits as well. A number of times these benefits are overlooked because the policy holder does not read or understand the entire policy for which he has applied. This lack of awareness leads to a number of people not claiming many benefits to which they are actually entitled. This is why it is very important to read the document carefully yourself, and also to ask as many questions as possible when applying for health plans.

1. Benefits of
Health
Insurance

2. # 1
O Health Plan provides daily hospital cash
allowance. This covers the cost of food and
refreshments as well as travel for family
members between home and the hospital

3. # 2
O In case of an extended stay in the hospital, a
policy also covers recovery expenses. This
benefit is provided to make up for the loss of
income due to a large portion of time being
spent in the hospital and is paid in lump
sum.

4. # 3
O The new IRDA regulations also ensure that
policyholders are covered for any alternative
means of treatment that they may favour
that are non-allopathic. This means that
even Ayurvedic or Homeopathy treatment
will be covered.

5. # 4
O In the event of a patient being unable to visit
a hospital, health insurance plans in India
also cover the cost of carrying out in-house
treatment.

6. # 5
O If the patient requires an organ transplant,
then the policyholder can also claim the cost
of harvesting the organ along with any
hospital fees that are incurred.

7. # 6
O When a child under the age of 12 is
hospitalised and requires an adult for
supervision then a claim can be made for
daily cash for the adult, in order to ease the
financial burden.

8. # 7
O Many health care insurance plans offer cover for
chemotherapy, dialysis and other procedures that
are equally expensive. This allows you to claim
critical illness coverage without having to apply
specifically for critical illness insurance.

9. # 8
O one of the biggest advantages of health
insurance in India is the tax benefit that
these plans provide under Section 80D of
the Income Tax Act.

10. Thank You