Comprehensive Health Insurance Policy Online

Comprehensive Health Insurance Policy Online

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What is Comprehensive Health Insurance?

  • Author :
  • TATA AIG Team
  • Published on :
  • 13/05/2022

A medical insurance or health insurance plan is one of the most critical components of your financial plan. Having adequate and effective medical insurance allows you to rest assured about the healthcare expenses of you and your family. Also, with the provision of cashless hospitalisation, you can ensure quality healthcare without worrying about expenses.

However, the nature and scope of coverage of a health insurance plan depends on the type of plan you buy. One of the most extensive health covers you can buy for you and your family is a comprehensive health insurance policy. This article is a detailed guide to comprehensive healthcare insurance, including comprehensive health insurance meaning, comprehensive health coverage and the benefits of comprehensive medical insurance.

What is Comprehensive Health Insurance?

A comprehensive health insurance policy is an all-inclusive medical insurance plan with lifetime renewability and wide coverage against a slew of medical conditions, treatments and expenditures. For example, it offers coverage for hospitalisation costs, room rent, ambulance charges, daycare treatments, domiciliary hospitalisation expenses, pre and post-hospitalisation care and so on. Some plans even offer targeted coverage against critical and terminal illnesses. This is the comprehensive health insurance meaning.

Now that you know what comprehensive health insurance means, let us look at the comprehensive health coverage details.

What does a Comprehensive Health Insurance Policy Include?

The popularity and demand for comprehensive medical insurance plans depend on the extensive scope of coverage it offers. However, the exact extent of coverage will vary from one health insurance company to another. For instance, Tata AIG offers comprehensive health coverage with its Medicare range of medical insurance plans. With 3 plan variants - Medicare, Medicare Premier and Medicare Protect - Tata AIG comprehensive healthcare insurance covers:

  • Inpatient/domiciliary/outpatient hospitalisation expenses
  • Emergency air ambulance
  • OPD/inpatient dental expenses
  • Daycare procedure expenses
  • High-end diagnostics
  • Maternity expenses
  • Organ donation
  • Pre+post hospitalisation costs
  • Second opinion charges
  • AYUSH benefit
  • Health checkup charges
  • Cumulative bonus benefit
  • Hearing aid expenses
  • Bariatric surgery
  • Consumables benefit
  • Global cover

Always make a point to research and compare the different comprehensive healthcare insurance plans, read the policy brochure in detail, evaluate the inclusions and exclusions and check the approximate premium outflow before choosing the best comprehensive health insurance policy for you and your family.

What are the Benefits of a Comprehensive Medical Insurance Plan?

The current working conditions and lifestyle has put tremendous stress on individuals, leading to unhealthy eating habits and damage to their overall health and well-being. Additionally, the exponential rise in medical inflation makes treating the ever-growing health conditions financially taxing.

In such a scenario, it is prudent to invest in a comprehensive health insurance policy to manage healthcare expenses and make quality healthcare possible. You can avail of the best possible treatment from any of the cashless network hospitals, thereby protecting your precious savings.

  • Extensive coverage: Comprehensive healthcare insurance covers a wide range of health conditions and medical expenses. For example, all major comprehensive health insurance policies include hospitalisation costs, pre+post hospitalisation costs, domiciliary hospitalisation expenses, daycare expenses, ambulance costs, room rent, AYUSH treatments, organ donor costs and so on. Some plans also cover maternity expenses and dental expenses.

  • Outpatient (OPD) treatment: As opposed to basic health insurance plans, comprehensive healthcare insurance covers outpatient or OPD treatments as well. If you wish to only avail of OPD consultations, without getting hospitalised, your comprehensive health coverage will take care of the expenses.

  • Cumulative bonus: Cumulative bonus is similar to a No Claim Bonus. However, instead of getting a discount on renewal premiums, a comprehensive health insurance policy will increase your sum assured by a certain percentage for every consecutive claim-free year.

  • Lifetime renewability: The best comprehensive health insurance plans do not have any age limit when it comes to the plan renewal. As long as you pay the premiums and renew the policy before the expiry date, you can continue to receive comprehensive health coverage, irrespective of your age.

  • Coverage for the entire family: Most comprehensive medical insurance policies offer family-floater coverage. You can cover your spouse, children and dependent parents under the same policy. Some parents also extend coverage for dependent in-laws and siblings. The nature of coverage can either be floater or individual.

  • Cashless treatment: Comprehensive medical insurance offers cashless hospitalisation benefits at network hospitals. For instance, Tata AIG has tied up with 7200+ network hospitals to provide hassle-free and accessible cashless treatment to its policyholders. Simply go to the listed network hospital, provide proof of insurance, fill out a few forms and voila, the hospitalisation costs will be paid by the insurer directly to the hospital. You will only have to bear the copayment or deductible components.

  • Coverage for pre-existing diseases : Comprehensive health coverage extends to pre-existing diseases as well. However, coverage for all major pre-existing illnesses starts only after a specified waiting period - generally 2 to 4 years.

  • Choice of riders : All major comprehensive medical insurance plans offer attractive riders/add-on optional covers upon payment of an additional premium. These riders extend targeted coverage over and above the basic coverage.

  • Tax benefits : The health insurance tax benefits under Section 80D of the Income Tax Act extend to comprehensive health insurance policies as well. Please note that the tax benefits will depend on the prevailing tax norms and guidelines.

Conclusion

A comprehensive health insurance policy is the best safeguard for you and your family against the rising medical costs and deteriorating health conditions. You can choose the best treatment for yourself and your loved ones without worrying about the costs of treatment. However, it is important to compare and select the right comprehensive healthcare insurance to maximise your benefits.

Tata AIG Medicare range of health insurance plans offers you the care you need so that you focus on getting better. With an in-built Covid-19 cover, cashless coverage at more than 7200 hospitals and 24x7 online support, we promise you efficiency and security. Additionally, with attractive covers, such as maternity cover, dental cover, bariatric surgery cover, global cover, compassionate travel cover and so on, you get extensive protection under a single plan.

If you are looking for extensive comprehensive health coverage, visit our health insurance plan page and choose from 3 attractive Medicare plan variants.

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