How a Comprehensive Health Insurance Policy differs from a Basic Health Insurance Plan

How a comprehensive health insurance policy differs from a basic plan?

Discussing the concept of a Comprehensive Health Insurance Plan & how it differs from a regular or basic health insurance policy.
→ Health Insurance is essential to safeguard savings in the event of a medical emergency. While there are several options available, customers should research the features & options before deciding on a policy.

→ It's vital to understand that different health insurance plans fulfill different purposes. Some may cover only a specific group of people, whereas some may cover a specific disease.

→ Here, we are discussing the concept of a comprehensive health insurance plan & how it differs from a regular or basic health insurance policy.

Let's understand it under different sub-heads :
1. Coverage : Comprehensive medical insurance covers the cost of hospitalisation, daycare procedures, medical care at home, ambulance charges, among others. It offers extensive coverage & acts as a financial cushion in case of medical emergencies.
On the other hand, a basic health insurance policy covers medical expenses for illnesses or injuries. At the same time, it protects policyholders from sudden medical expenses & reimburses the bills or pays the medical care provider directly on the policyholder’s behalf.
In short, a basic health insurance plan helps policyholders in staying covered against various diseases. While, a comprehensive policy covers outpatient as well as inpatient treatments, including consultations, medical tests as well as hospital stays.

2. Inclusions & Cost : Comprehensive health insurance is generally designed without any capping for room rent/ICU charges & doctor’s fees. It also does not have any sub-limits for any coverage such as domiciliary hospitalisation. It offers the maximum benefit to the insured as compared to the basic health insurance cover & hence the cost is also higher.

3. Value-Added Services : Unlike basic health insurance, comprehensive health plans come with valued added services such as pharmacy & diagnostic centre tie-ups, doctor consultation, gym membership discount & many such features which add to the health cover.

Conclusion : So, which is better?
→ As per market experts, a comprehensive plan is much better than the regular health cover in terms of the sum insured, benefits offered, diseases covered, flexibility, etc. A basic plan has limited benefits.
→ However, it's always on the customers to pick the policy as per their needs & fund availability.

Join my telegram channel for more updates : https://t.me/moneplan