What is health insurance?
Insurance that helps pay for medical care in case of sickness or accident is called health insurance or medical insurance. Having health insurance protects your savings from being drained by the high cost of medical care, including hospitalisation, medication, doctor visits, and more. It is possible to think of a health insurance policy as a contract between you and your insurer, obligating the insurer to pay for your medical care in the event of an emergency.
These are some benefits of Bajaj Allianz Health Insurance which were provided by the insurance policy.
Benefits of Bajaj Allianz Health Insurance
Cashless hospitalisation
Many hospitals have insurance company partnerships to offer cashless hospitalisation to insured individuals. In a medical emergency, the insured can be admitted to any associated hospital and get free care. Your insurance company will pay the hospital directly for your treatment and hospitalisation, according to your policy (also known as "cashless treatment"). Unpaid bills might strain one's finances. "Cashless" hospitalisation is crucial for health insurance. This capability allows easy access and management of finances.
Coverage for COVID-19 treatment
Since the coronavirus epidemic began, there has been a lot of worry and apprehension about people's health. With the virus' rapid mutation, we now face a greater chance of exposure every time we leave the safety of our homes. In these unique circumstances, the most vital feature of a health insurance plan is coverage for COVID-19 treatment.
In-patient treatment
Having medical insurance pays off when an insured individual needs to spend more than a day in the hospital due to a serious sickness. With such a high daily rate for rooms and other amenities, it's crucial to have a healthcare plan that will reimburse you for all of these costs as they accrue throughout your treatment.
Pre and post-hospitalisation benefits
Pre and post-hospitalisation expenses exceed basic hospitalisation. It includes diagnostic, blood tests, medicines administered before and after hospitalisation, patient-care procedures, OPD expenditures, consultations, ambulance charges, etc. This quality, which is present in efficient healthcare plans, reduces the overall cost that the insured individual is responsible for, which results in significant cost savings.
Read More - Bajaj Allianz Health Insurance: Benefits, Types, And Faqs