As you grow older ,who help you?: its a health insurance

Health insurance was launched in 1986. The industry has grown mainly for general awareness. And by 2010 it was 25 % of India’s population had access for some health insurance.

As you grow older ,who help you?: its a health insurance

Health insurance was launched in 1986. The industry has grown mainly for general awareness. And by 2010  it was 25 % of India’s population had access for some health insurance. The General  Insurance Corporation Of India and the Insurance Regulatory and  Development  Authority (IRDA), launched the awareness camping for all segment of the population.

Health insurance is a policy that covers both the individual or a family incurring medical expenses. The insurance can give an insurer for the expenses The insurance can develop a routine Finance structure by estimating the overall risk of health care and health system expenses over the risk. The health insurance is given to the insurer when he is  Inpatient hospitalization and treats in hospital in India. The first health policies in India were mediclaim policies.

A health insurance plan in India can be classified into these categories. hospitalization, Family Floater Health Insurance, pre-existing Disease cover plan, Senior citizen Heath insurance, Maternity  Health insurance, Hospital daily cash benefit plan, Critical illness plan, Proactive plans disease, Disease-specific special plan.

On payment option there  are two facilities the first one is the direct payment  or cashless facility, in this the insurer pay the amount  to the hospital  so the person is not asked to pay money under this scheme, under this scheme the policyholder and the name mentioned In the policy can take treatment  from the  hospital which is approved  by the insurer. And the second one is Reimbursement at the end of hospital stay, in this the person or a member in the policy stay in a hospital for treatment, the patient can get the money from the insurer for the treatment which is covered under the policy.

The duration of the Health insurance policy which is offered by a non-life insurance company is for a period of 1 year. And in the life insurance companies offer policies for a period and it may be more than a  year. The price range of the policy is depending upon the microinsurance policy and the higher sum insurer, the microinsurance starts from 5000 and the higher sum Rs 50 lakh and above. The common insurance policy in Health insurance is available from Rs 1 lacs to Rs 5 Lacs.