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One kind of insurance that covers costs for medical care and treatments is health insurance. It is an agreement in which the insured pays a premium to the insurance company in return for the insurance company’s pledge to pay for the covered person or people’s medical costs. In times of need, having health insurance gives you peace of mind and enables you access to high-quality medical treatment.
Now that you are aware of what health insurance is, have a look at the attributes and benefits of the plans provided by policy Ghar and Bajaj Allianz:
Types Of Health Insurance
- Individual Health Insurance
Hospitalization, medical bills, and treatments are covered under this kind of individual health insurance policy. It applies to anyone who is at least eighteen years old. It has a lifetime renewal option and gives sum insured options between INR 1.5 lakhs and INR 50 lakhs. The age, health, and medical history of the insured person determine the premium for individual health insurance coverage.
2. Health Guard Family Floater Plan
The whole family is covered by a single policy under this family floater health insurance. These family plans offer Sum Insured options ranging from INR 1.5 lakhs to 50 lakhs. Options for the policy term provide up to three additional years of coverage. The age, health, and medical history of the family members covered by the policy determine the premium for a family floater health insurance policy.
3. Critical Illness Insurance
Specific critical illnesses, such as cancer, heart attacks, strokes, and kidney failure, are covered by critical illness insurance, a form of health insurance coverage. In the event of a critical illness diagnosis, the policy pays a lump sum amount that can be used to pay for medical costs and lost wages.
4. Silver Health Insurance Plan
The needs of the elderly are the primary focus of this insurance plan. This insurance plan offers a lifetime renewal option and an entrance age range of 46 to 70 years old. This plan covers the medical expenses you may incur as you age, giving you the financial stability, you need in later life.
5. Extra Care Plus Policy
You can use it in addition to your current coverage as an extra layer of protection. If you use up all of your SI during treatment, this top-up plan may be helpful. You can explore our website for a plethora of additional plans and top-up coverage, many of which are detailed here. Every plan has a specified number of features, inclusions, and exclusions. It is advisable to carefully read the policy terms to make sure there are no misunderstandings while submitting the claim.
Why do you need health insurance now?
- Rising Medical Costs
When you or a loved one needs medical attention, having health insurance helps you with the cost. The soaring expenses of medicines and medical procedures have rendered even the most basic treatments unaffordable for the general public. Financial assistance for medical costs and treatments is provided by health insurance, which can ease your financial load and help you manage your spending.
2. Protect Your Savings
If you don’t have health insurance, medical costs might quickly deplete your funds. Financial support for medical costs is provided by health insurance, which can help you safeguard your investments and savings. As a result, health insurance becomes the most effective instrument for reducing your out-of-pocket costs and preserving your savings.
3. Cashless Hospitalization
You may be wondering what cashless health insurance means and have heard of the term. Hospital expenditures are directly covered by the insurance company under this particular provision. Only hospitals in the network can use this service.
We guarantee that you and your loved ones receive the best medical care possible without having to pay big medical fees, no matter where you are thanks to our extensive network of hospitals around the nation.
Bajaj Allianz offers a wide array of health insurance products, catering to various needs and budgets. Through the collaboration, Policy Ghar users will have access to Bajaj Allianz’s health insurance policies, which include individual health insurance, family floater plans, critical illness coverage, and more. This diversity ensures that individuals can find a policy that suits their unique healthcare requirements. An important turning point for the Indian health insurance market is the partnership between Bajaj Allianz and Policy Ghar. It will revolutionize the way that people get, comprehend, and make use of health insurance. By guaranteeing that their healthcare requirements are financially secured, the combination of Bajaj Allianz’s extensive health insurance solutions with Policy Ghar’s digital expertise and openness will surely help many Indians. In addition to having a lot of potential for customers, this collaboration also establishes a standard for how the insurance sector as a whole should change and progress in the digital era. It is a big step in the direction of a more secure and healthy future for everybody.