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All you wanted to know about Insurance Coverage

  • Highlights

  • Health insurance provides coverage for a range of medical procedures

  • Not all diseases and illness are covered under health insurance coverage plans

  • The Bajaj Finserv Digital Health Card gives you access to a pre-approved limit of up to Rs. 4 lakh

  • The card offers 800+ medical treatments across 500+ centres

Healthcare is among the top priorities in life and in many instances, it can require a substantial portion of your income or savings. Whether it is an emergency or a chronic illness, large medical bills can exert immense pressure on your finances. This is especially true for those without insurance coverage, which serves as a financial safety net for such situations. With health insurance you get compensation to pay for medical treatment and this safeguards you from the high cost of healthcare in many places across the country.

However, given the number of policies in the market, it isn’t uncommon to have doubts and unanswered questions. In fact, before you sign up for a policy you must ask the question, What does my health insurance cover?

To help you better understand what is covered by health insurance and what is insurance coverage, read these pointers.

What is Insurance Coverage?

Health insurance coverage refers to the amount of monetary compensation you can obtain for your medical expenses. Depending on the insurer and the policy opted for, this coverage varies, and so do the premiums. Nevertheless, you can get health insurance coverage ranging from a several lakhs to a few crores of rupees. Today insurers have tie-ups with a lot of hospitals and so, you can get compensation in a cashless manner. If such a provision is not there, you can have an amount reimbursed to you. In case of critical illnesses, you can benefit from a lumpsum payment.

Remember, you can get coverage only for diseases that are covered by the policy. For more clarity on what is covered by health insurance, read on.

1. Ambulance Charges

When faced with a medical emergency and you need an ambulance, it is important to note that such a service comes at a cost. Depending on the state you live in, you may have to pay around Rs.5,000 or higher for transport to the hospital. With health insurance that has ambulance cover included, you get reimbursed for this expense.

2. Hospitalisation Charges

Most health insurance policies have a provision that covers hospitalisation and surgery costs. These charges may be for accidental or illness-related hospitalisation and extend to ICU room rent. However, it is also important to note that certain policies may have a room rent cap. This means you will get partial coverage if you exceed the room-rent limit.

3. Pre- and post-hospitalisation Costs

For some illnesses, treatment begins before hospitalisation and continues post discharge. These expenses can amount to a hefty sum. Health insurance offers financial coverage for such costs and certain insurers may also have clinics and healthcare centres on their network for additional support. Depending on the policy, you can get coverage for medication, tests or any other such costs you may incur.

4. Preventive Care

Scheduling regular health check-ups is important to staying healthier for longer. In this regard, health insurance can help pay for these, and some insurers may even offer complimentary annual health check-ups as part of their benefits package.

5. Day-care Procedures

In many instances, treatment for illnesses doesn’t require extensive hospitalisation. With advancements in medicine, several procedures can be completed within less than 24 hours. Day care procedures include the likes of chemotherapy, dialysis, and cataract operations. While such coverage isn’t offered by all health insurance plans, it is something you should scout for.
Apart from these, health insurance plans offer coverage for serious illnesses by way of add-ons. For instance, you can sign up for a critical illness cover for stroke, heart attack and cancer. You may also get compensation for loss of income.

Use Bajaj Finserv Health Card for things not covered in your Insurance Plan

Now that you have an answer to the question, ‘what does health insurance cover?’, your next step should be to prepare for the exclusions. Health insurance policies do not cover pre-existing illnesses, dental and vision treatments, maternity care costs, lifestyle-disease treatment, and cosmetic surgery. Thankfully, you can opt for the Bajaj Finserv Digital Health EMI Network Card and get the funding you need to pay for these expenses.

This feature-laden digital card gives you access to a pre-approved limit of up to Rs.4 lakh. You can use this funding for any and all medical expenses. With it, you can avail 800+ treatments at 5,500+ partner healthcare centres across 1,000+ cities, all on No Cost EMIs. Here, you simply repay your medical bills affordably over a flexible tenor of up to 24 months. What’s more, you also have access to special offers.

Below is a snapshot of the current offers you can avail using the Bajaj Finserv Digital Health EMI Network Card.

Partner Name Category Offer Offer Vaild Till
Richfeel Beauty treatment Consultation at Rs.250 + 10% discount on products 31-03-2021
The Aligner company Dental care Rs.10,000 off on orthodontic treatments 30-07-2021
Vcare Cosmetic surgery Up to 20% discount on all clinical treatments and 5% on all product purchases across centres 3-07-2021

To apply for the Digital Health EMI Network Card, here are 4 simple steps to follow.
Step 1: Go the official website
Step 2: Click on ‘Get it now’
Step 3: Use your registered mobile number to verify your identity
Step 4: Avail your pre-approved offer and pay the one-time joining fee

While health insurance coverage is definitely worth having, arming yourself with this digital health card ensures you have a financial solution for all types of medical emergencies. Apply online today and get instant online activation too!

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