Introduction
Gwalior is a prominent city in the state of Madhya Pradesh. This city has a huge cultural, historical, political and economic importance on the face of the country. The city is also home to many tourist attractions that boost tourism and ultimately added employment opportunities for the people of the city.
The health sector of the city is made up of many private and public hospitals that provide medical attention to the residents of the city. However, the recent pandemic has revealed the true state of affairs of the health industry in this city too. One of the many solutions for this issue is having a good health insurance plan.
Health insurance is a very crucial form of insurance that is needed for every resident of Gwalior. This helps them safeguard themselves and their families against any kind of medical emergencies or get treatment for any pre-approved diseases or illnesses without any hassles of financial stress.
Given below are a few details related to the health insurance in the city of Gwalior.
What is health insurance?
Health insurance is among the most popular types of insurance available to the Indian public. This insurance provides safety against the ever-increasing medical expenses in the country and can help in providing prompt medical; attention in times of emergencies. The recent pandemic has provided a reality check for the need to develop a robust health care infrastructure to attend to the medical needs of the citizens of the country in an efficient manner. Health insurance can provide the citizens with many benefits like cashless hospitalization, access to good hospitals, timely medical attention tax benefits, etc.
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What are the types of health insurance?
Health insurance in India has a long way to go when it comes to awareness. Even today, almost 80% of the population does not have a good health insurance plan for themselves and their family members. To add to this, many people do not even know that there are multiple types of health insurance that are available for the applicants to choose from depending on their needs and the coverage needed. There are approximately 25 insurers in India providing more than 200 health insurance options at the disposal of the general public. Some of the basic types of health insurance that are available for people to choose from are mentioned below.
Individual Health Insurance Plan
These are the most common health insurance plans and are also referred to as medical or mediclaim plans. Individuals get coverage for the medical expenses for any treatment and hospitalization costs.
Family Floater Health Insurance Plan
This is another commonly available health insurance plan in India. This type of insurance will cover the medical expenses and hospitalization expenses for the entire family.
Critical Illness Health Insurance Plan
Under this type of health insurance plan, coverage is provided for any life-threatening diseases like cancer, stroke, kidney-related ailments, etc. The list of such critical illnesses is different for every insurer as per their guidelines and underlying rules.
Disease-Specific Health Insurance Plan
Many insurers provide disease-specific health insurance plans. Such Plans help in managing any specific diseases or illnesses that the individuals may be prone to either directly or indirectly.
Group Insurance Plan
A group insurance plan is provided by the employer of the organization to their employees. It can be considered as a blanket medical cover for the employees. The majority of insurers also often include the family members of such employees under the group health insurance plan. The employee has the option to cover such plans to an individual health insurance plan (if allowed by the insurer) upon leaving the organization.
Senior Citizen Health Insurance Plan
These types of plans are centred around the senior citizens to provide them with the most benefits of health insurance. Under a family floater plan, the premium is often high on account of the age of senior citizen parents and their related medical conditions. A dedicated plan for senior citizens helps in covering all the medical needs of the senior citizens specifically.
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How can a person compare two health insurance plans?
It is essential for the applicants to compare the health insurance plans before opting for one. This will help them in getting the maximum benefit of health insurance for themselves and their family members as well as get a cost-effective health insurance plan. The factors needed to compare health insurance plans are mentioned below,
- Coverage offered by the insurer
- Premium to be paid
- Frequency of premium to be paid
- The credibility of the insurer
- Claim settlement process of the insurer
- Tenure of the health insurance plan offered by the insurer
- Family members that can be included in the plan
- Additional riders provided by the insurer and the cost of such riders
- Past experiences of the existing customers
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FAQs – Health Insurance in Gwalior
1. Can health insurance be used to provide cover against Covid diagnosis?
A. Yes. Health insurance policies can also extend the coverage for covid related diagnoses and treatment. This coverage will be for treatment at home or at any hospital
2. What is the maximum coverage under Covid Rakshak Policy?
A. The maximum coverage under Covid Rakshak Policy is Rs. 2,50,000.
3. Can a person opt for health insurance at the age of 75 years?
A. No. The maximum age to be eligible for health insurance is 65 years or 70 years in the case of some insurers. So, it’s highly recommended that you take a health plan as early as possible.
4. Can a person change from one insurer to another?
A. Yes. As per the revised rules of IRDAI, a person can switch from one health insurance provider to another without losing any existing benefits or risk a lapse of the cover. However, for such a switch to maintain uninterrupted coverage, there should not be a gap between the two policies.