Additional Benefits of Health Insurance Plans: Cover for Critical Illnesses and Maternity Expenses

Dec. 6, 2012 - PRLog -- Health insurance is the growing need of people, especially in under developing nation, like India. At one end, people are facing with new diseases now and then, at other end; the high rising medical expenses are making it difficult for the common man to seek the best medical care in times of need. In such cases, the only tool that could be helpful is health or medical insurance. Investing a small amount of money in these products can be helpful in longer run. One can get the needed financial coverage in times of medical emergencies. These plans are designed with the aim to offer future medical security to people, thus, making medical treatment easy and hassle-free.

Looking into the gravity of the needs of these products, insurance companies like Apollo Munich, have brought in a wide array of medical insurance products. Apollo Munich is a new entrant in the field of Indian health insurance. It is a standalone health insurance provider that has emerged to help the Indian people in seeking medical treatment free of financial worries. The company is trying to spread health insurance awareness and educate people about the need of investing in these products. In addition to it, the experts at Apollo Munich are also designing innovative products to help them to the extent possible. Every product is well designed to offer comprehensive coverage to its customers.  

The company has designed almost all its pure health insurance products with additional benefits, which are kept optional to make it easy for the masses to make their purchase, as per their needs. The two of the optional expenses that are offered with these plans are Critical Illnesses and Maternity Coverage. One can opt for these benefits, if required.

Critical Illness Rider can be availed with pure health insurance plan, thus, making it easy for people to enjoy double protection. A person can opt for it with Easy Health Exclusive, Easy Health Premium, Maxima and Optima Restore by investing little extra premium. When a person opts for this coverage, he or she get lump sum money, as per the plan’s terms and conditions, if he or she is diagnosed suffering from critical illnesses. A person can seek coverage for treatment expenses under health insurance products while can seek additional coverage under critical illness cover.

Apollo Munich offers cover for eight major critical illnesses. These are Cancer, First Heart Attack, Sclerosis, Paralysis, Major Organ Transplantation, Renal Failure, Coronary Artery Surgery and Stroke. The definitions under which the coverage would be offered for each of these diseases are clearly stated in the policy wordings of the plan. One should go through the policy’s terms and conditions before buying the plan. There is no need for an individual to buy the separate critical illness plan, while buying pure health insurance from Apollo Munich.

Another optional benefit that one can avail with these plans is maternity coverage. This benefit ensures that an insured gets coverage in an event of new born. One of the constraints with this cover is waiting period. It is to ensure that people buy these plans well in advance and not just before they require it, else health insurance industry would break down. Most plans come with a waiting period of 4 or 6 years. It is only after the elapse of this time period that an insured can seek the benefits of the same.

There is a certain fixed amount that is offered to an insured in the form of maternity coverage. The amount may depend whether the delivery is normal or caesarean. In either case, the amount is fixed.

Pure health insurance products work on the principle of indemnity, but both these covers, maternity coverage and critical illness coverage work on the principle of benefit. These pay insured individuals lump sum money on occurrence of certain event, as stated in the plan’s conditions.

Each and every of the plan brought in by Apollo Munich has many benefits, carefully included to offer wide coverage to people. The company has brought in plans for people of all income groups such that Indian masses can avail the best medical care.

For More Information about Critical Illness Plan visit:- http://www.apollomunichinsurance.com/insurance-articles/m...