Benefits of Health Insurance
Health Insurance:
Everyone heard that Health is Wealth. As time changes our lifestyle habits. However, there are some factors that increase air pollution levels and may cause a severe impact on individual health. All these factors cause various health and medical disease. However, these factors increase medical costs. In order to protect you from high medical bills, it must be mandatory for an individual to invest in health insurance plans (Best Health Insurance in Pakistan).
Why do you need it?
Here is why you need health insurance:
- It covers any future illnesses/ medical treatments without disturbing your savings or negatively impacting your family.
- As time goes on medical cost increases dramatically. Anyone who is not good at saving may get himself in trouble during an emergency.
- Cashless hospitalization is possible only within network hospitals. All expenses of the person will be handled by the insurance company.
- Health insurance plans offer coverage against expensive treatment such as surgeries and other medication aspects.
Benefits of Health Insurance:
Benefits of Health Insurance. Almost everyone gets confused naturally in the case of health insurance. In most cases, you have doubt that is really worth it or not? In addition, these doubts may lead your mind in a state like “Do I really need health insurance?” listening to all these misconceptions lead you to fear instead of the real use of the Health Insurance policy.
Outpatient Department (OPD) Covers:
Have you ever thought that what if you or your family member needs to consult a doctor at the frequent time? While one of the features that can be included in your health insurance is the OPD (Outpatient Department) Cover. This feature can be added to your policy plan by paying with extra premium. After taking this policy this thing covers prescription lenses or glasses, cosmetic procedures like plastic surgery, ambulatory devices like a glucometer.
At-Home Treatment:
There are some ailments that can be treated at home. These ailments treatment is usually known as Domiciliary Hospitalization. There is a condition in which the policyholder is suffering from illness or injury and does not need to be in ICU (Intensive Care Unit). For this situation, some insurance companies cover your expenses even with premiums. However, these treatments may fail in covering illnesses like Asthma, Bronchitis, Epilepsy, Upper Respiratory Tract Infection, etc.
Restoration Benefits:
There is a chance of an odd or unfortunate situation coming. When all your family members are needed to be hospitalized at different times in a year. This causes your sum insured in the same year. However, Restoration Policy may help and recover the entire sum insured in the policy year. But for that, you need to pay extra for the premium.
Convalescence Benefit:
Another name for Recovery Benefit is “Convalescence”. It is actually a small amount that is provided by the health insurer. This amount helps you to cover expenses that might occur after hospitalization. However, this can be helpful in case your income stops due to a long period of hospitalization or other expenses that are incurred by family members.
Daily Cash Cover
This policy covers all your day-to-day expenses. The time when you got admitted to the hospital. It covers the cost of food, hospital visits of family members. The best feature is that the allowance in this policy doubles if the person is in the ICU (Intensive Care Unit). The policyholder can only claim if he or she is hospitalized not after discharge.