Add-ons Provided by Health Insurance Companies

Nothing is more important than an individual’s well being and good health. This is where a suitable health insurance policy can help provision for taking care of costs of healthcare to protect one’s well being at all times. Insurance, therefore, is becoming more of a necessity than a luxury.

A health insurance plan provides the emotional and financial back-up you may need in times of emergency. Along with the policy benefits, there are some additional covers offered by health insurance companies that can prove to be highly beneficial. With the availability of add-ons, you have the freedom of designing/personalising your policy as per specific medical requirements. In fact, you can also avail tax benefits or get more health insurance benefits at a lower premium price.

Here are some of the add-ons –

● Critical Illness Cover

Under this cover, a health insurance company offers a lump-sum amount in case you get diagnosed with life-threatening medical conditions such as cancer, kidney failure, cardiovascular diseases, etc.

● Personal Accident Cover

With this cover, all unintentional damages are covered for the insured. Compensation is provided in case you are permanently, partially or temporarily disabled, or in the event of death due to an accident.

● Maternity Cover

Your insurance companies cover all expenses related to pregnancy and childbirth under this add-on cover. In fact, some insurance companies even provide coverage for child expenses up to the policy period’s maturity or up to 3 months from the child’s birth under maternity cover.

● AYUSH Treatment

Under this cover, all expenses related to alternative treatment methods, i.e. Ayurveda, Yoga, Unani, Siddha, and Homeopathy (AYUSH), are covered by your chosen insurance companies. But, do note that this cover is available for senior citizens/individuals aged 60 or above.

● Hospital Cash Cover

With this add-on cover, the insured is provided with a daily cash allowance for the time period during which they are hospitalised, provided the hospitalisation time is more than 24 hours or one day.

● Zone Upgrade

This add-on cover allows the insured individual to avail of additional financial assistance basis the zone they are seeking treatment in. You can even account for the disparity in treatment costs across different regions or zones with a slightly higher premium. It also subsequently allows you to save on your total premium by 10%-20%.

● Room Rent Waiver

With a room rent waiver add-on cover, the insured can extend the hospital room rent limit and even ensure no restriction is applied. The insured can choose to stay in a superior hospital room without losing their savings with the help of this cover.

So, keep these add-on covers in mind and super top up your health insurance. Opt for the most suitable plan for you and your family to make an informed and valuable decision.

Chola MS understands that good health is the most crucial aspect of an individual’s life and hence offers its extensive health insurance policy to provide the best care possible. Click on the link now to know more.

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