The Benefits of Family Mediclaim
The standard of living has increased, but so have many costs, and life has become expensive. In order to ensure that we remain healthy, it is important to go for regular check-ups and doctors visits. However, even after all these check-ups, it is possible that we could meet with an accident, or a family member could meet with an accident or contract a virus or disease for which they may require immediate treatment. At such a time, instead of stressing about which hospital will be a good but cheap solution, we should be completely focused on helping our loved ones get better. In order to be able to do this, it is important to have a family health insurance policy in place to help cover the hospital and medicine costs.
A family mediclaim policy will cover the hospitalisation as well as post-hospitalisation bills, and would even pay for admission in the Intensive Care Unit (ICU). Most policies are also likely to cover a number of critical illnesses for the family members. Several insurance policies have tie-ups with numerous hospitals across the country, and admission in any of those hospitals means that we can avail of cashless claims, which would be easier and faster. As a parent, if at any point you were harmed or hurt in a way which leads to your death or a permamnent disability, the family policy will also cover your childrensâEUR(TM) education, or at least part of it, so that they can continue to study. While you may have to wait for 90 days to file for claims in the case of hospitalisation from a sickness, in the case of an accident, you can file for claims immediately. A lumpsum is also kept aside in case an emergency ambulance is required at any point of time.
However, it is important to remember that even with all the benefits of the insurance policy, there are certain limitations. The policy will only cover the proposer, their spouse and a maximum of two dependent children. If you have more than two children, you may require to take out additional insurance policies for them. This also means that if the proposer has a sibling or parent staying with them, another, different insurance policy would be required. Most insurance policies will only cover hospitalisation in India, so if you are travelling abroad you may need to take out a separate travel insurance policy. Remember that there are several different family health insurance policies available to you, so always check what the policy covers and then decide which policy will best suit your family and your medical history. Also remember to check what sicknesses or treatments are not covered under your policy so that you can make arrangements in case you require any such treatment, so that you, your family and your finances can always be kept safe and secure.
A family mediclaim policy will cover the hospitalisation as well as post-hospitalisation bills, and would even pay for admission in the Intensive Care Unit (ICU). Most policies are also likely to cover a number of critical illnesses for the family members. Several insurance policies have tie-ups with numerous hospitals across the country, and admission in any of those hospitals means that we can avail of cashless claims, which would be easier and faster. As a parent, if at any point you were harmed or hurt in a way which leads to your death or a permamnent disability, the family policy will also cover your childrensâEUR(TM) education, or at least part of it, so that they can continue to study. While you may have to wait for 90 days to file for claims in the case of hospitalisation from a sickness, in the case of an accident, you can file for claims immediately. A lumpsum is also kept aside in case an emergency ambulance is required at any point of time.
However, it is important to remember that even with all the benefits of the insurance policy, there are certain limitations. The policy will only cover the proposer, their spouse and a maximum of two dependent children. If you have more than two children, you may require to take out additional insurance policies for them. This also means that if the proposer has a sibling or parent staying with them, another, different insurance policy would be required. Most insurance policies will only cover hospitalisation in India, so if you are travelling abroad you may need to take out a separate travel insurance policy. Remember that there are several different family health insurance policies available to you, so always check what the policy covers and then decide which policy will best suit your family and your medical history. Also remember to check what sicknesses or treatments are not covered under your policy so that you can make arrangements in case you require any such treatment, so that you, your family and your finances can always be kept safe and secure.
Source...