ECONOMIC/CHEAP/LOW COST HEALTH INSURANCE PRODUCTS

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               *ECONOMIC/CHEAP/LOW COST HEALTH INSURANCE PRODUCTS*

  • Most of the Indian Public Sector Health Insurance Providers sell this product with title Universal Health Insurance,Gramin Suswastha Policy etc.
  • The aim of such subsidiesed health Insurance Products is to provide Health Insurance facilities to the Economic Weaker Section of the society where Other Health Insurance Products are almost out of their income reach.
  • Why Such low cost products are available even if Govt is providing Public health Insurance Schemes like Mahatma Phule Jan-Arogya Policy,National Health Insurance Schemes etc? The answer is -Most of such Public Health Insurance Schemes run by state Govts are working with the help of Public Isurance Companies and are limited to High Risk diseases/Accidents and critical illness with limited access to the Healthcare system and limited availability of facilities at the goverment linked hospitals. Lack of awareness and Un-enthusiastic Govt sponsered Health Insurance systems make this condition more worse.
  • The low cost Health Insurance products are similar to the products available in the market offered by most of the PSU`s and Private Insurers.The difference is the cost of Health insurance products and its Wide scope of coverage provided right from the inception of policy.
  • As per Universal Health Insurance Scheme-product offers following covers to the policy-holder(A) Individual  and floater cover upto Rs.30,000/-(B) Accidental Insurance to the Head Earner of the family Rs.25000/-(C) It provides Maternity Benefits (D) Spouse ,Children ,Parents can be added in the policy(E) No pre-existing waiting period for all diseases (F) No pemanently Excluded diseases (G) Cashless facility in the network Hospitals (H) No GST charged for the product(I) Premium for Below poverty line people are lower compared to the Above poverty line People (J) Premium Rates and Rs.250/- for Individual and Rs.450/- for floater policy of Self,Spouse & Children. For inclusion of parents total premium goes to Rs.600/- or Rs.650/- Annually (K) Maximum age of optee is 75 years.(L)Other terms and conditions.
  • This is a perfect product if your medical expenses are limited like minor surgeries,injury,low cost medical expenses.
  • A registered Hospital should be the Health care provide along with Qaulified staff and facility.
  • Cashless and re-imbursment facility available.
  • Lifetime renewal available.
  • As the premium rates are low,Agents deter themselves to sell this products.Because low premiums means low agency commission.A high claim ratio is also a problem because most of the people do not opt this policy.
  • Gift this policy to your  Chaukidar(Watchman) Car-driver(Chauffeur), Household worker,Garderner,Office-Boys,Staff etc if they earn migre and they want Health Insurance Cover.Inspite of their needs it`s the neccessity of their jobs being in a risky profession.
  • This product is available in Group Mediclaim Policies.Tax Exemption under 80 D is available.
  • Few other low cost products are Janata Personal Accident Policy, PMBSY etc.
  • Most of the time people are not aware of the claim procedure.It is experienced that Policyholder go to the un-registered cross-pathy Hospitals.They do not know the documents/procedure to submit a claims.Hence it is advised to opt a cashless facility in the network hospitals provided by Insurance companies.
  • Feel free to Contact About any Insurance Product- Email me at-iforinsurance@outlook.com,Contact No/WhatsApp No-8411855667

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