Find out how additional plans can improve your existing health insurance policy

Sunaina bought a health insurance plan after much research. She carefully selected the entire set of benefits and made sure that the diet perfectly matched her budget. She had an accident recently. She needed constant care and a little privacy. But his full plan had a limit on renting a room. It was here that her additional health insurance helped her to waive any restrictions on renting a room. Therefore, if you think your health insurance is insufficient, you can get an additional plan or add additional health insurance benefits to your policy. They will increase your coverage, and you will only have to pay a small additional premium for it. Let’s discuss in detail some important additional coverage that you should consider to add to your health plan.

What are Health insurance add-ons?
As the name suggests, health insurance add-ons are additional benefits that must be purchased separately to strengthen your health insurance. These add-ons are supported in addition to the existing basic policy, but at an additional cost. However, according to the rules of the Indian Insurance Regulatory and Development Authority (IRDAI), the premium for all premiums accepted under the policy cannot exceed 30% of the total premium amount. For example, suppose you have a health insurance policy with an insurance amount of 50,000 rupees, and the premium amount is 4,000 rupees per month. Now, if you plan to accept add-ons, the total premium for add-ons cannot exceed 1200 rupees, or 30% of 4000 rupees.

There must be additions
Here are a few additions that you can add to your basic plan according to your specific needs:

1. Refusal to rent a room:
Your standard policy may have a restriction on renting a room during hospitalization. This gentleman will help you get a room exceeding this limit, and you will not have to pay anything more for renting a room during treatment.

2. Maternity coverage:
Motherhood is a life experience. However, shipping costs can be high. This coverage will help you pay for these expenses when you plan to have a baby. It comes with a waiting period of about 2 years. You can further improve this plan by adding a baby cover feature. Blankets can be extended to 2 cases of childbirth, and the child care coverage will cover the costs for the first 3 months, as well as the costs of vaccination until the child reaches the age of one year.

3. Cover serious diseases:
This additional coverage provides a one-time benefit for the treatment of specific diseases that are not covered by the main policy. In this coverage, the payment is defined and predetermined. This means that the policyholder receives the amount regardless of the hospital expenses incurred. The excess amount, if any, can be used by the policyholder to repay any debt. The condition is that the policyholder will receive the amount after the 30-day survival period after the diagnosis of the disease, and the insurance coverage will expire after the insurer pays the amount. You are allowed to sign up for more than one serious illness policy and get coverage for a different set of illnesses, including cancer, heart attack, stroke, paralysis, kidney failure, and more.

4. Hospital cash flow:
In the case of diseases that require a long period of treatment, this not only depletes your savings, but also affects your ability to earn. While the standard plan may pay for hospital bills, this additional policy will ensure that your home needs are met during treatment. You can use this money to pay for other medical expenses that may not be covered by a health insurance policy.

5. Ambulance services:
Sometimes there is simply no time, and the patient may have to be rushed to the hospital. Since the ambulance fee is quite high, this supplement can cover the cost of arriving at your chosen hospital in case of an emergency. You can determine the amount by discussing it with the insurer.

The cost of medical care is increasing by leaps and bounds, but if you choose a larger insurance amount or include more features, the premium may also increase and affect your budget. Therefore, in such cases, when the coverage of the basic plan seems inadequate, get additional health insurance premiums at a nominal price.

Disclaimer: The above information is provided for reference only. For more information, please read the wording of the policy and the prospectus before closing sales.

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