Uncovering the Important Aspects of Health Insurance Policies

Health insurance is a safety net through which the insured can safeguard their health and finances by paying premiums on an individual or a family floater basis. One can get a higher coverage at an affordable cost with the help of best health insurance plans in India from Star Health. 

Why is Health Insurance Policy Important for an Individual?

All individuals seek to acquire health insurance because it serves to provide security and financial support towards treatment when sickness strikes unexpectedly. The importance of health insurance can be analysed by different aspects, which include:

1. Impairment of high medical expenses: Medical services may be very expensive, especially when it comes to cases of chronic diseases or even when one has to undergo surgery or is hospitalised. In the absence of health coverage, individuals may have to self-finance these expenses, which may lead to financial constraints or even bankruptcy. Health insurance assists in the settling of medical expenses and offers burden relief to families and individuals.

2. Access to medical care on a timely manner: Health insurance covers the cost of medical services, including outpatient and inpatient care, diagnostic services and therapies, and also preventive and promotive services that consist of routine health check-ups and assessments. This enables individuals to seek health care even when the problems are not advanced and helps to address the potential for more complex and expensive health care.

3. Encouragement of preventive measures: In most cases, insurance company provides members with services that enable them carry out vaccinations, immunisations, physical examinations, and wellness check-ups. Precautionary measures are very effective since they can help in identifying any health issues before they get complicated. It increases the chances of improving the health status and cut down on the future health costs.

4. Protection from health-related risks: Health problems and accidents are unpredictable; however health insurance serves to lower the risk of being financially disrupted due to unprepared circumstances. Be it losing control of a vehicle, suffering from a long term condition, or falling ill unexpectedly, health insurance assures that treatment will be provided.

5. Increased access to a network of healthcare providers: Almost all health insurance policies come with a network of healthcare centres and hospital providers. Hence, it saves you paperwork hassles as your insurer will settle the medical bills with the hospital.

Star Health offers wide-ranging health insurance policies that provide coverage for cashless hospitalisation, pre-existing diseases, critical illness, etc., with a comprehensive network of hospitals.

Our health insurance information page serves as a tool to provide key insights on the relevant details that policyholder require to choose the right medical insurance plan for their needs.