Individual health insurance policy for bfl customer 2021

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individual health insurance policy for bfl customer 2021

Individual health insurance policy is the most basic health insurance and should be a part of your health care planning.

In this plan, both the insurance premium and the sum insured are for an individual and cannot be shared.

Different person’s medical needs are different. Hence individual health insurance for every member of your family.

individual health insurance policy

It is wise to buy. Hospitalization, Doctor’s Consultation, Ambulance Services, Treatment with Individual Health Insurance Plan

Get coverage for pre and post-hospitalization charges or expenses.
Bajaj Finance offers a comprehensive individual health insurance plan, which covers you and your family in case of a medical emergency.

1- Features and Benefits of individual health insurance policy

Features and Benefits individual insurance policy

Here are some of the key features and benefits of an individual health insurance plan:

1.1- Hospitalization expenses

Individual health insurance plans provide coverage for medical expenses incurred during hospitalization.

1.2- Before and after hospitalization

Medical expenses incurred before 60 days of hospitalization and 90 days after discharge from the hospital are covered.

1.3- Day-care procedure

Due to medical advancements, Major operations and treatments now take less than 24 hours. These treatments are covered in day-care procedures.

1.4- Household cover

If your doctor recommends you to get treated at your home for any medical problem, then this facility will prove to be helpful for you.

1.5- Benefits of AYUSH

Individual health insurance also provides coverage for alternative treatments like Ayurveda, Unani, Siddha, and Homeopathy. It also covers the cost of hospitalization for AYUSH therapy.

1.6- organ donor expenses

The organ under this plan covers the surgical expenses of the organ donor for transplant.

1.7- Sum Insured Rebound

After claiming Base Sum Insured and Cumulative Bonus exhausted there is a Rebound facility, under which you get Base Sum Insured again up to your limit, and this facility is available to you as a backup on your account.

Helps in managing medical expenses.

1.8- cumulative bonus

Get a cumulative bonus for every claim-free year. The reward is provided to you by the insurer by increasing the sum insured.

1.9- No medical test till 45 years

If you are young, healthy, and fit, you can go for a personal health insurance plan, which does not require any medical tests, but you should not have any pre-existing diseases.

1.10- Recovery benefit

Many individual health insurance plans offer the benefit of a cash allowance to help while getting treatment in the hospital. If you have to be hospitalized continuously for more than ten days, get compensation from the insurer for any additional financial needs of your family in your absence.

1.11- Mental healthcare

Policyholders can avail coverage for the treatment of mental illnesses.

1.12- Health check-up

This plan offers free annual health check-ups, preventive health check-up facilities so that your health is always good. Some plans offer free health check-up facilities at the time of renewal.

1.13- Lifetime Renewability

Many individual health insurance policies come with the facility of Lifetime Renewability so that you cover for the rest of your life. With this option, you can renew your policy at the end of your life anytime.

2- Tips for buying an individual health insurance policy

2.1- pre-existing disease

Illnesses, such as kidney, heart, cancer, and other disease histories in the family, the likelihood of diabetes, employment risk factors, and other factors, play a role in determining the type of personal health insurance coverage.

2.2-Premium

Choose a health plan that offers comprehensive coverage to meet the requirements and as per the premium.

2.3- cashless hospitalization

This benefit allows the family members to focus on the treatment instead of rushing to arrange money in a medical emergency. You can avail of this facility at the insurer’s network hospital using your Insurance Identity Card.

2.4- comprehensive coverage

Hospitalization, pre, and post-hospitalization expenses are cover in comprehensive personal health insurance. It includes medical tests, ambulance fees, medicines, doctor’s fees, and other expenses.

cumulative bonus

A cumulative Bonus is a monetary benefit paid by the insurer to the policyholder for a claim-free policy year. This amount on renewal

Medical insurance adds to the plan, and this increases the coverage significantly.

 

3- Why is individual health insurance policy necessary for you?

Here are some reasons why you need individual health insurance:

  1. Lifestyle and diseases: Lifestyle diseases happen due to stress, pollution, poor eating habits, device addiction, and careless lifestyle.
  2. Rising inflation in the medical sector: The cost of medical treatment is increasing continuously in India. With a health insurance plan, you can be financially prepared to meet all the expenses in case of a medical problem.
  3. Keeps your savings safe: Health insurance helps you protect your savings during a medical emergency. It saves you and your family from the burden on your pocket during medical problems, by keeping you and your family financially secure.

4- FAQ/Frequently Asked Questions

Q.1. Why do I need Individual Health Insurance policy?

In rising healthcare costs and changing lifestyles, individual health insurance helps you pay for healthcare in an unexpected illness or injury.

The Health insurance policy to protect the individual protects them from medical uncertainty and provides high-quality medical care when needed.

Q.2. When should I buy individual health insurance policy?

The sooner you buy, the better. Usually, you can take the policy, at the time of starting work at the age of twenty years. A health insurance policy for an individual also helps in financial planning and provides comprehensive coverage at an affordable cost.

Q.3. Is individual health insurance policy expensive?

The premiums for health insurance policies vary from insurer to insurer. You can compare the right insurance plans and choose from the options available at an affordable premium as per your needs.

Bajaj Finance offers a good range of comprehensive health insurance plans at an affordable premium. With rising medical inflation, it is necessary to have health insurance, which keeps you financially secure.

Q.4. Which is better – Family Floater or Individual Health Insurance policy?

While choosing between family floater or individual health insurance, a premium should not be the only consideration.

Family floater insurance covers the entire family in a single policy, whereas personal health insurance covers only one individual.

The best would be to ensure all the family members and get maximum benefits from both the plans.

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