As the name suggests, a comprehensive health insurance policy provides extensive coverage against all kinds of medical expenses, such as bed charges, daycare expenses, ambulance fees, pre-and post-hospitalisation expenses, etc.

 What does a comprehensive health insurance policy cover?

Comprehensive health insurance plans are known to provide exhaustive coverage. Let us look at the common things that are covered under this policy.

• AYUSH treatment
• Daycare treatment
• OPD expenses
• In-patient hospitalisation
• Domiciliary hospitalisation

Why should you buy a comprehensive health insurance policy?

You may have heard the adage, ‘Health is Wealth.’ But, today, due to the fast-paced lifestyle, most of us ignore our health, which makes us vulnerable to several lifestyle-related diseases. Not to mention, the rising medical inflation has made getting treatment for several illnesses unaffordable for many of us.

It is better to buy a comprehensive health insurance plan in such a situation. It will help you get financial support for medical expenses. In the event of a medical emergency, the insurer will take care of the bills, reduce your financial burden, and keep your hard-earned savings intact.

Most comprehensive health insurance policies cover the entire family, including spouse, and children, under a single policy. Some plans also extend the coverage to parents and in-laws.

Another significant reason many people prefer buying a comprehensive insurance policy is that it provides coverage against pre-existing illnesses after a certain waiting period. The waiting period may vary based on the condition you have, but it generally ranges between six months and four years.

Comprehensive health insurance gives you the flexibility of life-long renewability. This means you can keep your policy active for as long as you want. This feature is handy for senior citizens as the premium rises with age, and not many policies provide coverage after 65 years.

Apart from the basic coverage, a comprehensive health insurance policy gives you the flexibility to extend the coverage through riders or add-ons. You can purchase riders and get coverage against specific risks that are not covered under the standard policy. Some of the standard riders that you can consider buying include critical illness rider, maternity rider, waiver of premium rider, etc.

Most of the comprehensive health insurance policies come with cumulative bonus benefits. It allows you to increase the sum assured of your policy by a specific percentage if you do not raise any claim in the previous year. The cumulative bonus increases every year up to a particular limit for each no-claim year.

Like regular health insurance plans, comprehensive insurance policies allow you to avail of cashless treatment. Under this benefit, the insurance company settles the bill directly with the hospital. Cashless treatment is an excellent facility that allows you to avoid the hassles of arranging cash during a medical emergency.

Final Word

Buying a comprehensive health insurance policy is the best decision you can make to ensure your family’s well-being. While buying a comprehensive health insurance policy, compare different plans from insurance companies in terms of the coverage offered, terms and conditions, and premium and choose the one that best suits your needs and budget.