includes services such as hospitalization, ambulance charge, day-care, terminal illness, surgeries and vaccination cost. The importance of health is truly highlighted in the phrase ’ Health is wealth’ and there is probably no one who would disagree with the expression. Health is crucial to maintain no matter what stage of life one is in. Therefore, buying a comprehensive health insurance plan stabilises your mental health and prepares you for the upcoming turns of life. Having health insurance is not only beneficial for the known medical illnesses but it also assists for the unknown, but potential medical emergencies that can potentially burn a big hole in your pocket. While the uncertainties of life continue, it is also a matter of fact that the health care industry is growing expensive day by day. The better the service, the higher are the charges related to those services. Most of the famous hospitals in the country are private sector and thus charge a big amount of money for their services including taxes. But a middle-class family with an average wage might have to lose all their savings to avail these services from the best hospitals. So, in order to maintain a balance between this, it is essential to find a way that can be used to protect oneself from the financial burden without compromising medical needs. The answer here is a health insurance plan which gives benefits such as hospitalization, pre/post- hospital service, treatment expenses, health check-up etc. In exchange, the person is required to pay a fixed premium to fulfil the sum assured amount which is ultimately used for the medical needs of the insured person. Most of the basic health insurance plans include hospital-related charges but along with that, there`s an option to purchase Add-On vouchers that can be attached to the health insurance plan at an additional premium cost. Some of the Add-Ons are ambulance service charge, free health check-up, vaccination fee, day-care treatment, terminal illness etc. Health insurance plans are also available as an all-in-one family floater plan that has the option to include your family members. This family plan can include your dependant children, patents and even your in-laws if required. All members are protected under a single family plan having a single premium instalment.
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