Health insurance is an insurance plan that offer financial security to meet health related contingencies and also offers financial coverage for medical expenses when the policyholder is hospitalized. Bitola Capital helps in providing health insurance plan that covers cashless hospitalization, day-care facility etc. or provide coverage for reimbursement of the incurred expenses.
Why Do You Need Health Insurance Plan
Most people think that it will never happen to them yet so many are often proven wrong. It’s often said that your health is your wealth. A serious ill-health often lands people in hospitals inflicting serious damage to their family’s finances.
Typically, the term of health insurance plans and mediclaim policies is one year. However, health insurance plans offered by life insurance companies can vary.
The premium payment frequency is of health insurance plans and mediclaim policies is typically of one year though some life insurance companies allow a one-time premium payment too. It vary for different insurance providers.
In case of life insurance companies, this benefit is typically paid in full, on the diagnosis of the critical illnesses. Of course, the critical illness needs to be present in the list of critical illnesses covered by health insurance plans.
Some insurance companies may provide return but this varies according to insurance provider companies.