Medical emergencies occur regardless of your age, health status, fitness levels, and so on. Let’s imagine you are happily going about your daily routine when suddenly there is a need for you to be hospitalized due to some disease or accident. Moneymindz, India’s Best Free on-call Health Insurance Advisory Portal has a solution to such problems. A lack of Health Insurance makes you pay from your pocket or borrow from other sources like your savings and investments (obviously kept for other specific financial goals), family, friends and third parties. To avoid this, Moneymindz advices you to purchase Health Insurance.
What is Health Insurance?
Health Insurance is insurance which covers the entire or a part of the risk of an individual incurring medical expenses, spreading the risk over a large number of individuals. This coverage pays for medical and surgical expenses incurred by the insured. The insurer reimburses the insured for expenditure incurred from sickness, accidents, etc. Many a time, employers offer group Health Insurance but it is recommended by Moneymindz, Free online Health Insurance Advisory Portal to purchase an individual Health Insurance cover so that you can always fall back and rely upon something even if you are no longer part of the group plan.
Features of Health Insurance
- Pre and Post Hospitalization charges covered
Health Insurance usually covers medical treatment for a certain period before and after hospitalization. The time period varies from lender to lender.
- No Claim Bonus
This means that in a year if no claims are made you will receive benefits. The number of years you don’t make claims will be added in your bonus.
- Network Hospitals
Medical Insurance companies usually have a network of hospitals where you can get the insured person admitted.
Merits of Health Insurance
Apart from the above added points, there are some more benefits of Health Insurance such as:-
- Attendant Allowance
Attendant allowance is provided by insurance companies to the person who accompanies the insured person at the hospital.
- No compromises on treatment quality
An adequate Health Insurance ensures that you get adequate medical care with no compromises. You don’t have to pay from your pockets or borrow money from your savings, investments, family, friends, or third parties.
These are what you need to know about Health Insurance. For more information visit www.moneymindz.com or give a missed call to 022-62116588
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