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Introduction
Rajkot is covered by most of the leading health insurance companies in India. Some of the leading health insurance companies are:
- Star Health Insurance
- Care Health Insurance
- HDFC Ergo
- Religare Health Insurance
- ICICI Lombard
- IffcoTokio
- Apollo Munich
- Bajaj Allianz
- Max Life Insurance
- TATA AIG General Insurance
A Health Insurance Policy is a legal agreement between you and the insurer where you pay a premium every year to get a fixed sum assured. The insurer promises to pay for all necessary medical treatments for you and everyone on the policy.
Health insurance has gained a significant position in the financial planning of every household in India. During these Corona times, people have realized the importance of a good health insurance policy to protect them against any unforeseen medical emergencies.
Additional Read: Is There A Waiting Period For Coronavirus Health Insurance?
Rajkot is a popular city in the state of Gujarat, with an estimated population of 2 million people. Most of the leading health insurance providers in India cater to the popular city of Rajkot too.
We have seen the list of the most popular health insurance providers in Rajkot. Now, let us have a look at some of the benefits of getting health insurance in Rajkot.
Benefits & Features Of Having A Health Insurance Policy In Rajkot
- Cashless Treatment covers most of the medical treatments available in hospitals across the country
- Covers more than 40 outpatient treatments that do not require hospitalization
- Pre- and post-hospitalization costs are covered
- Transportation charges for Ambulance
- No Claim Bonus (NCB) for every claim-free year
- Medical Check-up costs are reimbursed for you and the other members included in the policy
- Room Rent Allowance to cover the cost of hospital rooms
- Tax Advantage under section 80D of the Income Tax Act
How To Choose The Best Health Insurance Policy In Rajkot?
Health insurance has recently gone to the top of every Indian household's list of essential expenditures. During this epidemic, rising medical costs and inadequate healthcare facilities have put a huge burden on middle-class families' ability to obtain funds for their loved ones' treatment. Health insurance may have given them security and peace of mind in such times.
Now that everyone is rushing to get health insurance, we'd like to provide some pointers to bear in mind when you shop for health insurance in Rajkot.
1. Look for sufficient coverage
2. Consider the average price
3. Prefer family health plans over individual health plans
4. Select a plan that can be renewed indefinitely
5. Compare prices online
6. Hospital coverage through the network
7. Evaluate for a high claim settlement ratio
How Much Health Insurance Will I Need In Rajkot?
Medical treatment costs are rising day on day. Experts advise that a minimum sum assured of Rs.5 lakhs is a good amount. This amount would be sufficient to cover the medical costs of most of the common ailments. Also, most health insurance policies cover outpatient treatment these days. It is an added advantage.
Factors to consider while deciding the health insurance amount
- Age of the insured
- Any pre-existing conditions
- Family medical history
- Premium amount
- The average cost of medical treatment in your city
What are the different types of Health Insurance policies available in Rajkot?
These days, health insurance plans are more customized. When it comes to health insurance, consumers have discovered that there is no such thing as a "one-size-fits-all" policy. As a result, health insurance providers have responded to shifting market demands and now provide a wide range of health insurance packages.
Health Insurance Policies in Rajkot are tailored to the needs of the client and the type of coverage desired. There are various types of health insurance plans;
Individual Health Insurance Policies
Individual health insurance can be purchased for yourself, your spouse, your children, and your parents. This sort of insurance covers hospitalization, surgery, room rent, childcare procedures, and other medical expenses associated with accidents and diseases.
Family Floater Health Insurance
Family Floater Health Insurance should be your first consideration if you want affordable health insurance coverage for everyone in your family. A single Sum Insured covers all family members enrolled in a Family Floater Health Insurance policy. A Family Floater Health Insurance Plan is less expensive than an Individual Health Insurance Plan. This policy can protect you, your spouse, your children, and your parents.
Group Health Insurance
A Group Health Insurance plan is intended for a specific group of people. Whether you own a small or large firm, you can arrange such plans for your employees. It is a type of benefit that most firms offer to their employees. It helps employees obtain basic health insurance for themselves and their families.
Senior Citizens Health Insurance
As the name implies, this policy is only for older citizens. It is only applicable to those over the age of 60. It allows the consumer to cover their elderly parents and grandparents who require high-quality medical care.
Maternity Health Insurance
Maternity health insurance is highly popular these days. Though it was previously only available as a rider on conventional health insurance policies, several insurers are now marketing it as a stand-alone policy to appeal to first-time parents seeking the best pregnancy experience possible. All costs associated with pregnancy, birth, and aftercare are covered. It covers births (including medically necessary terminations), infertility treatments, and newborn infant coverage for the first 90 days.
Critical Illness Insurance
Diseases linked to one's way of life are becoming more common. With this in mind, insurance firms developed the Critical Illness Policy.
This health plan, designed primarily for middle-class families, covers conditions such as:
- Cancer
- Stroke
- Kidney Failure
- Paralysis
- Coronary Artery Bypass Surgery
- First heart attack
- Pulmonary Arterial Hypertension
- Multiple Sclerosis
- Aorta Graft Surgery
Top-Up Health Insurance
If you require more coverage than your existing health insurance policy provides, you can purchase top-up insurance. However, such plans feature a "Deductible Clause." In the event of a claim, payment will be given in excess of the maximum limit of the policy. This plan may be right for you if you desire more coverage than your normal health insurance policy provides.
Additional Read:Arogya Sanjeevani Health Policy
Conclusion: When you or a member of your immediate family suffers from a physical condition and requires financial assistance, health insurance might be a lifeline. It aids in the reduction of costs associated with hospitalization and other Out Patient Department (OPD) charges. However, there are a few things you should consider before getting health insurance. Health insurance requirements vary from individual to person. Before calculating the exact coverage needs, you must carefully analyze all of the elements.
FAQs
1. What is the average premium for a health insurance policy of Rs.5 lakhs?
An Rs.5 lakh health insurance policy premium for a family of 4 generally costs between Rs.12,000 to Rs.18,000 per annum. An individual health insurance plan for the same amount would cost between Rs.5000 – Rs.8000. It also depends on the age of the oldest member.
2. What is a cashless facility under health insurance?
A cashless health insurance policy allows a policyholder to receive treatment in any of the network hospitals without having to pay the hospital bills because the payment is paid straight to the hospital by the Third Party Administrator on behalf of the insurance company. However, any expenses that exceed the insurance policy's limits or sub-limits, or that are not covered by the policy, must be settled directly with the hospital by you.
3. What factors influence the cost of health insurance?
Age is a crucial element in determining premiums; the older you are, the higher your premium will be because you are more prone to illnesses. Another important component in determining the premium is previous medical history. If there is no prior medical history, the premium will be immediately reduced. Claim-free years can also play a role in deciding the cost of the premium, since they may entitle you to a percentage discount. This will automatically assist you in lowering your premium.
4. Is there a Waiting Period for a claim?
Yes. When you receive a new policy, there is usually a 30-day waiting period commencing from the policy's inception date, during which time the insurance providers will not pay any hospitalization payments. However, this does not apply to any emergency hospitalization that occurs as a result of an accident.
5. What is the maximum number of claims allowed in a year?
Unless a specific cap is specified in any policy, any number of claims are permitted during the policy period. The sum covered, on the other hand, is the policy's maximum limit.