Interested in financial products
CreditMantri
Processing

Introduction

Meerut is an important city in the state of Uttar Pradesh. This city has close proximity with the national capital of the country and is part of the National Capital Region (NCR). The city is also known to be the educational centre in the state and also as the ‘Sports City of the Country’. The city has great historical importance in the Independence struggle of the country for being the starting point of the 1857 uprising.

Health insurance is an essential part of every person investment portfolio but not many in the city realize the need and the benefit of the same. Health insurance allows the insured person and the family members to get the benefit of timely hospitalization and required medical attention in the time of emergency or for any planned procedure.

Additional Reading: What-is-group-insurance-policy

What are the benefits of getting a health insurance plan?

Having a health insurance plan will allow a person and their family members to get access to prompt medical attention in time of emergencies or for any pre-approved medical conditions. A health insurance plan can act as a buffer against any unforeseen medical circumstances. Some of the benefits of getting health insurance are mentioned below.

Cashless medical treatment

One of the foremost benefits of having health insurance is having a benefit of cashless treatment at the network of hospitals that are associated with the insurer.

Coverage for preventive health check-ups

The benefit of having health insurance also allows the insured person (and their family members included in the plan) to have access to preventive health check-ups. These help in reducing the possibility of any serious medical conditions.

Tax benefit on health insurance policy

Tax benefits are another important benefit of having a health insurance policy. This benefit allows the insured person to claim a deduction on the premium paid for the health insurance. The maximum benefit of the tax deduction for persons below the age of 60 years is Rs. 25,000 and for persons above the age of 60 years is Rs. 50,000. The maximum benefit if the insured person and their family members are above the age of 60 years is Rs. 1,00,000.

Coverage for Covid 19 treatment 

The recent pandemic has had an effect on every person in the country. IRDAI has extended the health insurance cover for the treatment of Covid 19. There are some policies that provide Covid specific health insurance policies as well.

Coverage for the cost of ambulance

Health insurance plans also help in covering the cost of the ambulance when the insured person or their family members are admitted in case of any emergencies or for any planned procedures.

Coverage of pre and post hospitalization expenses 

Any standard health insurance plan will cover the pre and post-hospitalization costs of the insured person and their family members.

Coverage for approved pre-existing conditions

Insurers have a list of pre-existing medical conditions that are covered under the health insurance plan. Such plans allow the insured persons to be treated for the approved conditions without any delay or unnecessary hassles.

Provision of daily hospital cash

Health insurances also provide the benefit of daily hospital cash where the insured person is provided with a fixed amount of cash for each day that the person is admitted to the hospital. This cash can be used to meet the additional expenses that may not be covered under the health insurance plan.

The benefit of coverage for AYUSH treatment 

IRDAI also allows the health insurance policies to cover the cost of AYUSH treatment. This treatment includes the following forms of treatment,

  • Naturopathy
  • Yoga
  • Unani
  • Siddha
  • Homoeopathy

The benefit of No Claim Bonus

Many insurers also provide the benefit of no claim bonus. This is an additional sum paid to the insured person if there is no claim for treatment made in the previous year.

Additional Reading: Unhappy-with-your-health-insurance?Here’s what you can do.

What are the factors that need to be looked at while considering the health insurance plan?

There are several factors that need to be considered while taking a health insurance plan. Some of such factors are considered below.

  • The coverage that is provided by the insurer
  • The network of hospitals that provide cashless treatment
  • The family members included in the health insurance plans
  • The premium to be paid for the cover
  • The availability of riders
  • The option for a top-up of health insurance plan 
  • The waiting period for the health insurance plan
  • The frequency of the premium to be paid
  • The tenure of the policy
  • The reputation of the insurer
  • The past experiences of the existing customers

What are the benefits of comparing health insurance plans?

There are multiple health insurance provides in our country that can provide excellent health insurance plans for the residents of Meerut. This raises the need to compare these plans to get the best health insurance plan for the residents of the city and their family members.

Following are some of the benefits of comparing health insurance plans.

  • Access to the correct and updated information 
  • Access to the most viable premium options for the health insurance plans
  • Saving the time of the insured person by comparing the health insurance plans online
  • Getting access to the online reviews of the insurer to know the reputation of the insurer.

Additional Reading: What is medical insurance?

FAQs – Health insurance in Meerut

1. What is Arogya Sanjeevani Policy?

A. Arogya Sanjeevani Policy is a standard health insurance policy that is provided by all the insurers in our country. It aims to provide a basic health insurance cover to all the citizens especially those who do not have access to good health insurance plans.

2. Can a person buy a health insurance policy for their senior citizen parents?

A. Yes. A person can buy a health insurance policy for their senior citizen parents provided they meet the eligibility criteria of the insurer.

3. What are the factors that affect the amount of premium to be paid?

A. The factors that affect the amount of premium to be paid are,

  • Age of the applicant
  • Gender of the applicant
  • Location of the applicant
  • Profession or occupation of the applicant
  • Employment status of the applicant
  • Access to existing health insurance policy if any

4. What is a group health insurance policy?

A. A Group health insurance policy is the health insurance policy taken by an employer for their employees.

5. Can the premium be paid in flexible payment options?

A. Yes. Premium on health insurance can be paid either annually, monthly, semi-annually, or quarterly as per the agreement between the insurer and the insured person.

×Thank you! Your comment will be reviewed and posted shortly.

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application