Health Insurance is the base policy that covers hospitalization costs for any illness or injury. You can attach add-on features with a health insurance policy that will work towards providing enhanced coverage. Add-ons are additional features that you can buy, as a top-up, to your base health insurance policy. But there are caveats to know before buying an add-on with a health insurance policy. Besides, there are standalone health policies that may prove to be more beneficial. You can select the add-on covers with health insurance as per your individual requirements and at a lesser price than buying an entirely new insurance policy.
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Add-on Covers with Health Insurance Plan
There are many add-on covers in Insurance, Let’s go through some of the common add-on covers with a Health Insurance Plan.
Maternity Benefit
Maternity Cover is required to meet expenses incurred in case of hospitalization for the birth of a child. This add-on benefit provides the cover for delivery expenses and post-natal care. While choosing this coverage, you need to check the waiting period applicable, so you can plan the buying of this additional cover well in advance to avail yourself of the coverage when you actually need it.
Critical Illness
A critical illness add-on pays a lump sum amount upon diagnosis of the covered critical illness, regardless of the total expenses incurred. There are standalone critical illness health insurance plans that provide comprehensive coverage for the illnesses (as specified under the policy). A critical illness cover is also available as an add-on with a base health policy. When it comes to choosing coverage for critical illnesses, you need to check the extent of coverage that will meet your healthcare needs.
Air Ambulance
Most of the health insurance policies will offer you a road ambulance but you should think that if you are taking the critical illness option as an addon then you should think about an Air ambulance because in critical illness cases you have to go to any hospital according to your disease treatment and in such situation, you will need air ambulance and with your insurance coverage. With the help of an air ambulance, the problem may be a little easier for you and that is probably why we know insurance services, for making things easy for us and And this is how insurance service helps us.
Personal Accident
Choosing a personal accident add-on feature to your existing base health insurance policy will provide the cover and compensation for accident death, and permanent and temporary total/partial disablement. This add-on will provide cover for about Rs 2-5 lakh which will vary from policy to policy.
A Waiver on Room Rent
Mostly, health policies restrict the limit for room rent benefits that you can choose for in-patient hospitalization. When you choose a hospital room and if its cost goes beyond the chosen daily room rent limit, then you will have to bear that additional cost. However, by choosing a waiver on room rent, you will have the option to either choose a higher limit on room rent or can totally waive the room rent limit.
Hospital Daily Cash
A Hospital Cash add-on cover provides you with daily cash that will help you to take care of additional expenses which are usually not covered in a health insurance policy. It pays the daily allowance as specified under the coverage terms. Mostly, health policies with hospital cash benefits will pay daily cash in the range of Rs 1,000 to Rs 3,000 or more per day.
Top-up/Super Top-up Cover
This add-on feature will provide additional health cover over and above the threshold limit. When the threshold limit (deductible) is exhausted for paying hospital bills, a top-up/super top-up add-on will cover the extra medical expenses and you don’t need to worry about the hefty medical bills.
Pay for Children’s education
Well, it’s quite hard to add on with your insurance policy but yes, if you are talking about it logically because no one knows about tomorrow and what if there is no tomorrow for you. Then your family will be stuck and you will never want this, although there is no doubt that you get such features with the floater plan but what is wrong with it if you can get it with your health insurance plan. If these features are added to your health insurance, then things will become very easy for you. It can lead your family towards a better tomorrow and that’s why people trust insurance services.
OPD Care
Well, tbh it’s not too expensive for anyone but if you are buying a health insurance plan you should check whether that health insurance plan offering you or not because you never want that first, you get insurance, and even then you are paying the bill by visiting your doctor, better you do not insure, at least you will not have to think while spending. OPD care is one of those options that every health insurance company offers their customer, with this offer you can easily go to any doctor and get your health checked. After a while, our body needs frequent medical check-ups and the OPD care option is there for this.
AYUSH Treatment
AYUSH treatment is a basic treatment offered by every health insurance policy, if you buy a health insurance policy you must check all the covers that you are being offered by the insurance company.
Conclusion
Depending on your needs and budget, you can select a cover that works out the best for you. Do remember to read the terms and conditions in detail before making the final decision to buy an add-on cover with a Health insurance policy. It definitely makes more sense to have an add-on cover rather than going for a new policy! Some of the add-ons are already offered to you with the plans, just try to know the coverage of that particular plan and if they not offering you a proper plan then you can demand offers according to your use.