Benefit in Insurance Company For Health Insurance In India

 Benefit in Insurance Company For Health Insurance In India

    Health insurance in India provides a range of benefits for policyholders through insurance companies. Here's a detailed overview of the key benefits:

 1.  Financial Protection Against Medical Expenses

       

        .   Covers hospitalization costs (pre and post).

        .   Includes surgeries, doctor fees, room, rent, ICU charges, medicines, and diagnostic                                  tests.

        .   Reduces out-of-pocket expenses during emergencies.

 2.  Cashless Hospitalization 

      

        .   Tie-ups with network hospital allow you You to get treated without paying upfront.

        

        .   The insurance company directly settles the bill with the hospital.

 

 3. Pre & post Hospitalization Coverage

        .     Expenses incurred before and after hospitalization (usually 40 days prior

              and 70-100 days after) are covered.

        .    Include diagnostic tests, follow-up consultations, and medications.   

 4. Daycare Procedures 
 

         . Covers treatment that don t require 48-hours hospitalizations, such as cataract

           surgery, chemotherapy, etc.

 5. Tax Benefits (Under Section 80D of the Income Tax Act)

        .   Premiums paid are eligible for tax deduction:

        .   Up ₹26,000 per year for self/family.

        .   Additional ₹26,000-₹52,000 for parents (especially if senior citizens).

 6. No Claim Bouns (NCB)

          . If no claim is made in a year ,the sum insured is increased (usually by 5-50%) 

   

             without extra premium. 

 7. Lifetime Renewability

          .  Most policies offer lifetime renewability ensuring continued protection regardless of

              age. 

 8. Coverage for Alternative Treatments (AYUSH)

           . Many plans cover Ayurveda, Yoga, Unani, siddha, and Homeopathy treatments

             under AYUSH benefits,

 9. Ambulance Charges 

           .  Reimbursement or coverage for ambulance services during emergency.

 10. Maternity & Newborn Cover
        (Optional/After Waiting period)

       . Covers maternity expenses and newborn care (subject to conditions).

 11. Health Checkups

         . Free annual health checkups or reimbursements offered by some insurers.

 12. Mental Health & Wellness 

         . Modern policies may include may mental health coverage, wellness programs,                                         telemedicine consultations, etc.