Importance and coverage's in Health Insurance in India

Guided by

Prepared by

Pinakin jaiswal

Chetan ansodarya varunkumar patel

Health insurance
Health insurance, like other forms of insurance is a

form of collective by means of which people collectively pool their risk, in case of incurring medical expenses. It is purchased by an individual basis or group basis(by a firm it cover its all employees) .

 Health insurance limits the financial burdens people suffer due to illness or injury. Its part of your overall risk management plan to safeguard your familys economic security.
Disability income insurance protects your most valuable

asset - your ability to earn an income.

features
Premium
Broad coverage Deductible Co-Insurance Exclusions Coverage limits Prior authorization Explanation of benefits

Types of health insurance coverages

Individual Medical Policy
Bhavishya Arogya Policy Hospital Cash Daily Allowances Policy Critical Illness Policy Health Guard Policy Health Shield Policy Jan Arogya Bima Policy

Importance of health insurance

Security for you and your family: Health insurance policies are plans that are designed to be used when you have any health related problem. benefits included are coverage of medical expenses due to hospitalisation, Monetary support: You save in two different ways with a medical insurance policy. you save on the cost of treatment, which can include the cost of hospitalisation. the Indian government gives heavy tax benefits in the form of deductions and exemptions from the total taxable income.

 Best care: This is possible because the best health insurance companies are tied up with top notch health care providers around the country. Support for emergencies: The mediclaim insurance companies have come up with plans on how to tackle emergencies and make it easier for you, and has also come up with the clause of "cashless hospitalisation". Peace of mind: You can relax and breathe easy. No more will you have to fret about medical bills or worry about your and your family's future health.

Health insurance coverage

Hospital insurance

In this plan offers specific benefit for daily hospital room and board and common hospital services and supplies during stay in hospital Surgical expenses insurance Surgical expenses insurance pays part or full amount of the surgeons fees for operation. A policy of this kind usually list a number of specific operation and the maximum fee allowed for each. The higher the maximum fee allowed in the policy. The higher the premium charged.

 Physician expanses insurance:-

Physician expanses insurance helps to pay for physicians care that does not involve surgery. Its coverage may include visit to the doctors office, X-rays, and lab tests. Dental Insurance:It is insurance designed to pay a portion of the cost associated with dental care. They have a wide range of coverage options which may include free preventative services such as cleaning. There is no industry standard annual maximum limitation, deductable, or co-pay.

 Long term care insurance

An insurance product sold in the united state and united kingdom helps to provide for the cost of long term care beyond a predetermined period. It covers care generally not covered health insurance, Medicare or Medicaid.

Major provision in a health insurance policy

Renewal or continuance provisions Optionally renewable Conditionally renewable Guaranteed renewable Non-cancelable and guaranteed renewable Entire contract Grace period Claims Physical exam and autopsy Legal action Change of beneficiary