In Case You Were Wondering, This Is How Health Insurance Policy Works in India

Not having a Mediclaim policy can cost you more than you can ever imagine. It may happen that you have to say goodbye to all your lifelong savings in order to pay for the hospitalization expenses resulting from your being hospitalized due to an unforeseen illness.

Therefore, a health plan is necessary, but here I am going to help you with the question which may trouble you the most: ‘how does a health insurance work?’ Keep reading to find out.

• The health plan you buy is an official agreement between you and your insurance company from which you are purchasing.
• The health plan is a total package of various medical benefits like drugs, tests, treatment services, etc.
• Your health insurance company consents to pay for the costs incurred from the services listed in your Mediclaim policy.
•  A Mediclaim plan works as a shield and protects your health against various illnesses and diseases as per the type of health insurance policy you choose.
• Health insurance gives you the ultimate peace of mind given that you no longer have to deal with the stress and anxiety related to hospitalization and medication costs.
• A health plan reimburses the costs incurred from your medical expenses, hospital charges, and various other treatments as per your policy.
• You will have to pay a premium to enjoy all the services offered by a Mediclaim plan. The premium depends on the type of health plan and coverage you choose for yourself or your family.
• In case of a medical emergency, you can continue your treatment from any hospital under the network of your health insurance provider.
• Subsequently, you will have to inform your insurer and file a claim.
• Your health insurance company will settle all the costs of treatment with the hospital directly as per policy guidelines depending on the type of claim you register.

To keep enjoying the benefits of a health plan, you need to make sure that your Health Insurance renewal is done on time. If your health insurance policy expires, you will no longer be covered under any plan.

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Created on Jul 20th 2020 23:58. Viewed 321 times.

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