Despite putting in ideal efforts to plan and be ready, life frequently throws us a curveball. No harm is done by stating that no one can fully predict what will occur precisely at the following instant. But we all desire access to high-quality medical treatment regardless of the difficulties and adversities that may arise. Therefore, comprehensive health insurance serves as a helping hand that can offer financial aid in the event of any medical emergency, regardless of one’s financial situation. It provides a payout so that we can move on even in the event of an unexpected incident.
Many corporate employees skip group health insurance because businesses typically provide health coverage that can cover potential medical expenses.
Even while company health insurance has many appealing advantages, it is unlikely that the coverage it gives will be sufficient on its own. Here are some reasons why we require individual health insurance policies in addition to company insurance policies:
The amount of responsibility or risk that is covered for a person or an organization by the use of insurance services is known as insurance coverage. Employers typically limit their insurance coverage to the bare minimum to reduce costs. As a result, the coverage can seem inadequate to keep you safe in an emergency.
- A Short-Term Policy Tenure
A policy’s tenure, also called the policy term or duration, can range from 1 to 100 years or even cover one’s entire life, depending on the type of insurance and its terms.
Employees are only protected by corporate health insurance plans for as long as they are connected to the business.
- Unable Cannot Be Tailored To Medical Demands
It is crucial to customise health insurance coverage to fit your unique needs as they differ from those of others. While corporate insurance aims to align with the organisation’s budget, it often offers employees a fixed, generic plan lacking comprehensive coverage flexibility.
Key Characteristics Of The Individual Health Insurance:
- Multiple sums insured are available, giving the individual the freedom to select from three plan variations with sums insured ranging from 1.5 lakh to 1 crore. Capacity to reinstate insured sum: The insurance will restore the same amount even if you entirely habit up your insured sum and any cumulative bonuses (if any) during the policy year. *
- In the Gold & Platinum Plans, in-patient hospitalisation costs exceeding Rs 20,000 in recognised Ayurvedic/Homeopathic facilities are covered with a minimum 24-hour admission requirement.
- The company aims to boost insurance penetration and offer comprehensive coverage with added perks, such as wellness benefits, seamless settlements, preventive health check-ups, and more, right at consumers’ doorsteps.
Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.