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Introduction

India is one of the fastest-growing economies in the world. However, it is home to many diseases mainly because of its population size and poor lifestyles. With the fast-paced development in medical science, India is now seeing many ailments become treatable, although the cost of treatment for these diseases is often high.

Many people rely on their employer’s health cover for such expenses. The employer’s health insurance cover may only last till the time one is employed with the company. Hence, people in India, especially in urban crowded cities like Allahabad must buy a health insurance plan to secure against heavy medical expenses.

Allahabad is home to many large-scale as well as medium-scale health institutions. People can easily access these hospitals for their health requirements. However, these are also turning expensive due to the rising medical costs. Therefore, people in Allahabad should ensure that they invest in health insurance cover at the earliest and at a young age to save premium cost.

Why is Health Insurance Important in Allahabad?

There is a growing need for health insurance policies because medical care is becoming expensive, especially in private hospitals. Hospitalisation can cost a lot and derail one’s financial planning. If an individual is the sole breadwinner of the family and is suffering from a health condition, it could mean major financial troubles for the family. This can be avoided by buying a health insurance plan with a small annual premium. A good health insurance policy can cover expenses towards doctor consultation fees, medical tests, ambulance fees, hospitalization costs and even recovery costs after discharge.

Here are some of the benefits of health insurance in Allahabad:

  • Cashless treatment: Those who are insured can get cashless treatments since the insurance company will work in collaboration with available hospital networks.
  • Pre and post hospitalization expenses: The insurance policy covers pre and post-hospitalization expenses up to the period of 60 days.
  • Transportation cost: The insurance policy also covers the ambulance fees towards the transportation of the insured.
  • No Claim Bonus (NCB): This bonus element is paid to the insured in case he/she does not file a claim for treatment in the entire preceding year.
  • Medical check-up: The insurance policy also provide cover for health check-ups. Free health check-up can be availed by the insured depending on the policy cover.
  • Room rent: The insurance policy covers room expenses as per the premium paid by the insured plus other terms and conditions.
  • Tax benefit: Health insurance premium is tax-deductible under section 80D of the Income Tax Act.

Additional Reading – Does Covid-19 insurance cover cashless facility

Important Points to Note Before Buying Health Insurance in Allahabad

At times, it could be difficult to choose the best insurance policy since most insurance companies provide similar coverage. Here are some of the important points to consider before purchasing any health plans:

  • Sum Assured 
  • Minimum Entry Age 
  • Renewability clause 
  • Room Rent Capping 
  • Inclusion and Exclusion 
  • No Claim Bonus 
  • Other Benefits  

In India, people below 45 years of age are not mandated to undergo a mandatory health check-up at the time of purchasing a health insurance policy. However, applicants may be required to disclose any pre-existing medical conditions like diabetes or hypertension. Therefore, it is advisable to get health insurance at a young age so that the premium can be affordable.

Some of the documents needed during health insurance application are: 

  • Age proof – Either of - Birth Certificate, 10th or 12th mark sheet, Driving License, Passport, Voter ID, etc.
  • Identity proof – Driving License, Passport, Voter ID, PAN Card, Aadhar Card, to prove citizenship.
  • Address proof – Electricity Bill, Telephone Bill, Ration Card, Driving License, Passport, mentioning the applicant’s permanent address.
  • Some insurers may require a medical check-up (often for elder people above the age of 45 years)
  • Passport Size Photo  

Additional read on Dos and Don’ts of health insurance.

How to Avail Cashless Treatment in Allahabad?

In case of a medical emergency, getting proper treatment can be difficult and stressful. This is why it makes sense to go for medical insurance cover that can protect against any financial stress and provide cover for medical requirements. Choosing a cashless treatment within a health cover in Allahabad is very useful. Under this facility, the health insurance provider pays for the insured’s medical expenses as per the policy terms and conditions.

Here is how one can avail cashless treatment in Allahabad:

  • One can opt for cashless treatment at a network hospital within the area of residence, if available
  • To avail of this, one must submit a duly signed pre-authorization form
  • It is important to notify the health insurance provider and furnish all the necessary documents
  • Once all required documentation is submitted, the claim management team reaches out for any clarifications required
  • Post-approval, the medical claims are settled by the health insurance company, as per the terms and conditions stated in the policy

Additional Reading – How to avail cashless treatment under my health insurance plan?

EndNote

Health insurance in Allahabad is very important, especially to protect oneself from any financial stress arising due to medical or hospitalisation expenses. People in Allahabad must ensure to avail health insurance from the best options available.

FAQs

1. What is the main function of health insurance?

Health insurance helps to pay for the health care of individuals by mitigating the risk of high health care expenses. Individuals can pay the premium as per the average cost of medical care expected. Thus, health insurance makes health care costs affordable for those insured.

2. Why is mediclaim policy important?

A mediclaim policy helps to prevent any financial stress arising due to medical emergencies. It is an affordable way to deal with increasing healthcare costs.

3. Do you need good credit to get health insurance?

Your credit is not necessarily a deciding factor as far as your health insurance premium is concerned.

4. What can I do if I can't afford health insurance?

You may want to consider the expense of any potential medical emergency against the cost of the premium. If you are unable to afford an exhaustive health cover, you can go for a basic plan to ensure that a medical emergency does not result in financial distress.

5. Is health insurance worth it in Allahabad?

There are many benefits of health insurance in Allahabad. Since the city is experiencing increasing healthcare costs, you can receive medical care without utilising your savings in case a need arises. Health care plans provide wider financial support apart from covering hospitalisation expenses.

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