Wayward lifestyle and shooting stress levels have taken a toll on modern man. It is literally impossible to remain aloof from the perils of the current age. Maintaining health has become a mirage which all of us have stopped chasing. Thus, inviting numerous deadly diseases followed the saga of hospitalization and financial crisis.
Medical sciences have evolved rapidly and have progressed exponentially in the past few decades. It has increased the life expectancy from 55 years in 1980 to 67.8 years in 2018. However, the cost of healthcare keeps on soaring as time progresses. Thus, we have to make arrangements for a longer period of time and to fight fatal diseases. Making health insurance – the utmost important.
In today’s world, buying health insurance must be a top priority even before basic needs. But sadly, people are not aware of it or even if they are, they ignore it. The decision of turning a blind eye towards health insurance will make you regret eventually.
Health care cost evaporated your savings and assets quickly leaving you with a choice to quiet good health care and waiting for alms. To avoid this miserable condition, one should buy health insurance according to his/her needs, affording capacity and at the earliest.
Benefits of Buying a Health Insurance:
Health Insurance is your best friend in times of need. It has many benefits, few of them are listed below.
Major Surgical procedures:
Health Insurance covers you and your family from all major surgical procedures, saving a major chunk of your hard-earned money.
Minor Surgical procedures:
There are many minor surgical emergencies which have to be performed which are reasonably costly. Health Insurance covers you from such emergencies.
There is yet another medical procedure which is minimal in nature which can be done in a single day. Even these procedures are covered in Health Insurance.
In the case where a patient needs an organ transplant. Health Insurance covers the donor’s expenses.
Accidents and other such misshapes are increasing day by day. In case of such occurrences, Health Insurance protects you from financial losses caused by such unforeseen events.
Health Insurance covers every maternity care expense which included the delivery cost in case of normal as well as Caesarean.
Health insurance covers your newborn if it needs treatment after birth. Some insurers also provide benefits such as vaccination expenses for the newborn baby.
Dental problem is prevalent in every individual in a big or small amount. It increases with age. Dental treatment is also becoming costly these days. Hence many health insurers provide coverage for dental procedures.
Another benefit provided by Health Insurers which takes care of your ophthalmic expenses. These procedures are a must in growing age
Health check-up and many more such facilities
Once you decide to take Health Insurance, the second important step is to choose the right Insurer. This selection depends on various factors such as credibility, presence in the market, track record, claim settlement ratio, ease of settlement etc.
Top #7 Health Insurance Plans for 500 per month
Next vital step is to select a Health Insurance plan. Many companies are offering a wide range of plans for different needs and specifications. It is tedious to select one of them. We have gathered information about a few famous plans which are affordable and will provide a good head start for you.
1.Star Family Health Optima Insurance Plan:
This plan protects your entire family under a single plan. That too at an affordable rate. This plan comes with numerous benefits apart from all other benefits common to all health insurance plans.
* Age: 18 years to 65 years
* Sum Insured: Rs 1 lakh to 25 lakhs
* Minimum premium: Rs. 5,825 only, i.e. Rs 485 per month.
2.ICICI Lombard Personal Protect Insurance Policy:
This health insurance plan by ICICI Lombard offers coverage for Accidental Death and Permanent Disability. Along with that it also offers coverage for terrorism. This benefit is unique and not many insurers provides it.
* Age: 18 years to 80 years
* Sum Insured: Flexible
* This plan needs minimum documentation and online buying facility.
3.Medisure Classic by HDFC ERGO General Insurance Plan:
This plan has tenure as small as 1 or 2 years. It gives flexibility to individuals who want health insurance for a smaller duration. If required, the plan can be renewed.
* Age: 18 to 80 years of age
* Sum Insured: Rs 1 lakh to 5 lakhs
4.Future Generali Health Suraksha Individual Plan:
Another good option to choose from. It covers a wide range of medical procedures. The claim settlement is impressive and rapid.
* Age: 90 days to 70 years
* Sum Insured: Flexible options, depending upon your need
5.Reliance Critical Illness Policy:
It provides coverage for all critical illnesses. Requires less documentation and has a hassle-free claim settlement record.
* Age: 18 years to 65 years
* Policy term 1 to 3 years
* Sum Insured: 5, 7 or 10 lakhs
6.Religare Health Insurance Care Plan:
This plan provides coverage to an individual as well as the entire family. Another key feature is that this plan has no limit for the age of entry. The plan covers all medical needs for a period of one year.
* Age: 91 days and above
* Sum Insured: Starts from 3 lakhs to 60 lakhs
7.Max Bupa Heartbeat Health Insurance Plan:
Comprehensive health insurance by an emerging company. This plan is very easy to understand and have many benefits makings it a great option to choose.
* Age: Right from birth to 65 years of age
* Sum Insured: Rs 2 lakhs to 2 crore
Note: The above information is primary. For more details, please consult your Insurance Advisor or visit the company offices.
Final Word for Health Insurance Plans for 500 per Month
Health Insurance is the need of the age. With nuclear families and expensive health care, it is advisable to buy health insurance as soon as possible. It keeps us carefree from worries which would arise in case of hospitalization and other complex medical procedures, which would dry up all your funds in no time.
Love is priceless, but medical care isn’t. It’s time to show your love for your family and buying Health insurance for you and all your family is a great start.