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Comprehensive health insurance policies are more popular in the post pandemic world

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Published on April 6, 2021. EST READ TIME: 3 minutes

A lot has changed since the coronavirus outbreak began. For example, people suddenly realised that their cushy jobs were not everlasting or how they needed to take better care of their family. Well, one such realisation was the importance of health insurance and its coverage. Earlier, people were happy to rely on their strong immunity and healthy lifestyle to keep diseases at bay. They considered health insurances an added financial burden. Others either took a basic health insurance policy or were content with the one their employer was providing. The pandemic forced people to think hard and care more for their health while paying more attention to their insurance coverage. As a result, comprehensive health insurance plans that offer wide coverage began getting more popular.  

Importance of Comprehensive Health Insurance Policies

Here are 4 reasons why comprehensive health insurance plans have become important now:

1. Financial Security Against On-Going Pandemic:

We have been locked in our homes for almost a year because of the pandemic that started as a small fire, but soon engulfed many countries. Getting infected by coronavirus can be life-threatening. And the treatment expenses are also huge. Having an active health insurance policy will provide financial security by taking care of the medical expenses incurred due to Covid. However, the expenses include hospitalisation expenses only and do not cover quarantine or self-isolation. It is advisable to check with your insurer about the specifics of the cover.

2. Fight Lifestyle Diseases:

Lifestyle diseases will soon affect hundreds of people across India. Why? Because most of the professionals are now working from home leading a sedentary lifestyle with unhealthy eating habits, lack of exercise and stressful schedules. In case you suffer from any lifestyle disease that may, unfortunately, require hospitalisation, a comprehensive health insurance policy can create a financial cushion to fall on. This is why opting for health insurance plansis more important now than ever. With an active health coverage, you and your family will at least have one thing less to worry about.

3. Enhance Insurance Cover:

If your employer provides health insurance, check with the insurer what the policy covers.   There are high chances that it will offer basic coverage, which might prove inadequate in some cases. For instance, if the policy does not cover a potential illness, like the ones running in your family, you should buy a policy that offers such illnesses. Because if you do not, the medical expenses can be financially draining. Post pandemic, people have become more aware of their health and how getting a comprehensive health insurance policy with wider coverage can be beneficial.

4. Get Higher Value Cover:

People have now understood the value of higher health insurance coverage. Therefore, many insurers now offer high value comprehensive coverage that offers in-patient and outpatient coverage along with post hospitalisation cover. If you have still not bought any comprehensive health insurance policies, you may be potentially at risk of getting financially drained in case of critical illnesses. Many insurance providers offer critical illness insurance as add-on that covers a range of life-threatening ailments. It is advisable to take this cover and protect yourself to cope with the mounting health care bills in the case that you get diagnosed with a critical illness.

Conclusion

Comprehensive health insurance policies have become a necessity in the post-pandemic world. To protect your family and yourself from any unexpected medical emergency, it is wise to create a financial cushion to counter the inflation in medical treatments. Unlike basic health insurance coverage, comprehensive health insurance plans offer extensive coverage such as in-patient as well as out-patient treatments that include consultation, medication and hospital stays. So, update your existing policy with a high value health insurance policy for a more holistic protection when required.

Disclaimer:  The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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