Health Insurance plays a pivotal role in saving and planning for health-related emergencies. Here are the five benefits you can avail through health insurance plan.
1. Don’t pay for hospitalisation
You can avail cashless health insurance (indemnity based) at networked hospitals of insurance companies. It means that you do not have to pay the medical expenses at these hospitals. The insurance company will settle it for you on your behalf.
2. Cover for life threatening critical illness
The fixed pre-defined benefit type of medical insurance policies provides a fixed lump sum payment upon diagnosis and confirmation of certain critical illnesses like cancer, stroke, paralysis, kidney failure, etc. Irrespective of the actual amount spent by the insured, he or she receives the lump sum amount which can be used to fund rehabilitation, recuperation, lifestyle adjustment, etc.
