pays for your hospital bills for diagnostics, surgery etc.
Apart from health plans for businesses, all insurance companies provide plans for individuals as well as offering medical benefits. Most of the insurance companies offer the following policies.
Individual and group mediclaims have definite differences. The advantages are more being in a group mediclaim as they are cheaper and have lesser conditions. People having consistent health problems or being under treatment while seeking new health insurance will face trouble. But under group health plans every individual is covered disregarding their Pre-existing health conditions.
Analyze the points below to decide between individual and group mediclaims.
Group mediclaim is offered by companies or societies for their employees or fellow men. These policies benefit all in a group and can be customized to suit the group interests. Most of the companies are trying to be more employee friendly and are on the way introducing various benefits for the betterment of their employees. And group mediclaim is one such asset. This Policy just doesn't end by providing Coverage against health issues but also provides preventive solutions. However this policy is beneficial only for people having a long Term employment contract with the company.
Individual health insurance is a safeguard plan against all kinds of medical emergencies at all stages of life. There are companies and governments that suggest people to invest in health insurances as well as life insurances to provide a peaceful economic atmosphere. Medical crisis will soon be a thing of the past if all of the population is insured. Investing in health insurance will cover all your medical expenses and even your family medical bills. Deciding upon the best insurance policies is important as the benefits and definition of covers provided by different insurers vary vastly.
Most of the mediclaim policies cover the following:
Most of the individual health plans do not cover pre-existing illnesses; therefore invest in health plans considering all your requirements and necessities. And all insurance plans have age limits beyond which renewal is not possible. Hence early investment and timely renewal until the Age Limit will help maximum utilization of its benefits.