The health insurance sector in India made a lot of changes in health insurance plans that makes it easier to buy, easier to understand and get in every situation.

1. 5 NEWEST FEATURES OF HEALTH INSURANCEIN INDIA
The health insurance sector in India made a lot of changes in health insurance plans that makes
it easier to buy, easier to understand and get in every situation.
Health insurance sector of India has changed a lot from past years and it is continuously
transforming itself more and more adjusting as per the customer needs. They also have
improved their awareness of the policy holders which is critical in this continuous changing
sector so that they can make an intelligent and wise decision about their most important feature
of life which is health.
Here is a simple and brief explanation of the 5 most recent changes in health insurance plans in
India.
Lifetime Renewability: With increasing age, the possibility to have health cover becomes difficult
and the premium increases also; this is the best time to have the lifetime renewability which is
the new addition in the health insurance sector. Before this, insurance companies had put a
barrier of 65-70 years of age to have a plan but after new guideline of IRDAI, they have to offer
lifetime renewability which they are required to keep renewing until policyholder’s lifetime.
Sub-limit: This is one of the most important features of health insurance to be meant in any plan
and in the case of hospitalization, the total cost fetched is the amount of many factors. Sub-
limits are like a separate cap on the reimbursement of each of these factors and they are mostly
applied with an option of reduced premium amount.
Health Coverage worldwide: After having a health insurance plan, it is obvious to get access to
the best of health coverage all over the world. The international health plans can give
seamlessly emergency health services with medical coverage for travelling in seek of better
health services in abroad.
Day Care & OPD charges: Though in earlier time the health insurance plans in India give
coverage for minimum hospitalization of 24 hours but after recent development, some critical
treatment which need few hours time are also being covered under health insurance.
No medical tests up to 45 years: the insurance providers are opting for any medical tests for
applicants up to the age of 45 years that made the health insurance buying process easy.
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Published By
Subhra Bera
www.basic-healthinsurance.com
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