Health Insurance Playbook

Health insurance could serve as a crucial financial safety net, covering unexpected medical expenses like hospitalisation, surgeries, etc. As per ACKO India Health Insurance Index 2024, healthcare costs are rising at an annual rate of 14%. This suggests that getting insurance might prove beneficial for you and your family alike. By paying an annual premium, you could significantly reduce your out-of-pocket costs during medical emergencies, which could otherwise be financially burdensome. Obtaining insurance at an early age might be a wise decision. This could lead to lower premiums, avoiding medical tests, and long-term advantages including potential tax benefits. Under Section 80D of the Income Tax Act you could claim up to Rs. 50,000 on your insurance premiums. While determining the appropriate coverage amount, you could aim for a balance that meets your healthcare needs without imposing excessive financial strain. The process of acquiring insurance is relatively straightforward. You might choose to reach out to an agent, visit an insurance company or get insurance online. Key steps include entering personal information, comparing available plans, selecting a suitable policy, and completing the premium payment. Health insurance could be essential for ensuring access to necessary healthcare while managing financial risks effectively.

Health insurance comes in various forms, each catering to different needs. This video will walk you through the types of plans available, providing a clearer understanding of your options. We’ll start with individual health plan that covers just one person. It helps manage expenses like hospitalisation, surgeries, doctor consultations, and so on. If you're looking for something that could cover your entire family, family floater plans might be helpful. Next, you’ll discover group health insurance, typically offered by employers. This type of plan covers a large group at potentially lower premiums. In addition to this, we’ll touch upon personal accident plan, which supports you in case of accidental death or disability. This covers medical expenses and rehabilitation costs. For new parents, maternity plan could be essential. It covers prenatal care, childbirth, and postnatal expenses. Meanwhile, critical illness plan provides a lump sum if you're diagnosed with serious conditions like cancer. On the other hand, senior citizen health plan caters specifically to those over 60. Finally, we’ll explore disease-specific insurance, which offers specialised care for specific conditions. Each plan could offer unique benefits, so get ready to explore your options and find what suits you best!

Add-ons in health insurance could enhance your coverage and provide extra support when you need it most. In this video, we’ll explore various add-ons that might boost your policy’s benefits during different medical situations. From critical illness and personal accident covers to maternity and new-born options, each add-on could offer additional protection during life’s unexpected moments. Top-up and super top-up plans come in handy when your base policy’s limit is exhausted. They could extend your coverage when needed. We’ll also explain how the room rent waiver offers more comfort during hospitalisation. On the other hand, OPD cover helps with everyday medical expenses that don’t require overnight stays. Learn, how a no claim bonus protector preserves your bonus, even after a claim. Meanwhile, the restoration benefit restores your coverage after it’s completely used. We’ll also touch upon ambulance cover, global cover, alternative treatment cover, and more. This video breaks down each of these add-ons. This could help you understand how they might fit into your health insurance plan. Let’s explore how you could make the most of these options!