Insurance plans are loaded with different health benefits which you can claim in case of a particular medical emergency. There are several add-ons available that enable policy buyers to benefit from additional coverage against certain circumstances which may not normally fall under the main health cover. In this article, we will discuss the basic concept of a medical policy and the riders which are available in the market for those who are looking to protect their health and finances at the same time.
Critical Insurance Rider
Critical Illness is a rider which is available with most medical policies which states that if the insured individual develops a critical illness, the medical expenses incurred shall be borne by the insurer. Each critical illness medical policy comes with a set of critical illnesses that are covered under the policy. Upon the diagnosis of the insured individual of any of the listed diseases, they are eligible to receive the specific benefits of such a medical policy.
Most people are not aware of the fact that such riders are available which can safeguard them in case of unforeseen critical illnesses. However, adding this rider can be extremely useful in case of a serious medical emergency in the future.
Maternity Cover Rider
The maternity cover is one of the more important riders that you can include in your medical policy. This can be something that can help to save you a good amount of money in the long run. If you think family planning is something on your list in the next few years, financial planning for it needs to begin as early as possible. This is where a maternity cover rider can solve your problems. It will keep you prepared against significant financial expenses which you may not have covered otherwise, without the coverage of a sound medical policy.
Personal Accident Rider
Personal Accident Rider provides financial coverage to individuals who are involved in a mishap. This type of insurance is usually purchased for a smaller monthly premium than regular automobile insurance but some circumstances may make it a better option.
These types of insurance are usually considered pre-payment for future services so that the individual knows that if they have a medical emergency they will not have to worry about paying for it out of their pocket right away. The rider also pays a monthly premium that will be taken out of their paycheck and used to pay for any hospitalization or medical expenses that their family may need.
The insured individual can decide how much of their monthly payment they want to put towards their care and how much they want to use it for the health care of their family.
Personal accident rider is a great option for many different reasons. In 2019, India reported around 4,42,996 injuries and 1,81,113 deaths due to road accidents. Considering these numbers, the risk of an accidental injury cannot be avoided.
With a medical policy that includes personal rider benefit, you can rest assured in case of a mishap. You will still have the funds necessary to pay for your medical bills.
Get Comprehensive Security Against Medical Emergencies
With the ever-increasing costs of healthcare in our country, as well as the ever-increasing incidences of diseases, health insurance has now become a requirement. People with health insurance have a much-needed financial safety net in the event of a medical emergency. Without a medical policy, increasing healthcare expenditures might put a significant dent in your wallet.
The simplest method to reduce financial losses and acquire peace of mind is to get a medical policy which protects you against a variety of threats to your health. There are many different types of policies available through these insurance companies, so be sure to do some research to find the policy that best fits your needs. With reliable insurers like Care Health Insurance, you can get the best medical policy at affordable rates. So, be sure to do your research and choose a well-known insurance provider.