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Young people often ignore the need and importance of health insurance, thinking of it as an unnecessary expense. Being young does not mean that one would not need health insurance. It is an important aspect of financial planning and also gives tax benefits. Buying health insurance early in life would save you a lot on premiums when you are old. So it is an investment you should make for your future self, and an early enrolment will provide many benefits.
Care health insurance offers a plan called Care Youth Health Insurance Plan, specifically designed for the youth. It is a comprehensive health insurance plan which is flexible and cost-effective with many new-age benefits like access to health portals, e-consultations, etc. Read along to find more details about the Care Plus - Youth Health Insurance Plan.
Following are the details of key features of the youth health insurance plan by Care insurance.
|Care Plus - Youth Health Insurance Plan
Care health insurance offers some additional benefits along with the base coverage, to its young policyholders. Some of its striking features are;
Early-bird discount - The plan offers a 10% discount on renewal premiums after you complete the age of 40 years if you availed the policy before 36 years of age and have been continuously renewing it without a break.
Unlimited recharge of SI - The policy offers an unlimited recharge of the sum insured for the same person and for the same ailment.
Increase in NCB - You can get a 200% increase in no-claim bonus for 4 continuous claim-free years.
Personal Accident Cover - The policy also provides a personal accident cover for the primary insured person.
Inflation Shield - The sum insured is increased based on the previous year’s inflation rate on every renewal.
OPD Dental and Ophthalmic Treatments - The policy also covers OPD consultation for dental and ophthalmic treatments.
Earn and burn - The policy provides wellness programs where you can earn reward points and utilise or burn those points.
Unlimited e-Consultation and health services - The policy allows unlimited consultations with a general physician and also health services through a health portal which includes a chat with a doctor, tips on health, and a digital locker to keep your medical records.
A second opinion - The policy also covers a second medical opinion once a policy year.
Optional benefits - Optional benefits like Maternity and newborn cover, international second opinion for major illness or injury, and a 15% discount on treatment at a smart select network hospital can also be availed at additional cost.
For more details about the inclusions and exclusions of the Care Youth Health Insurance Plan, please refer to the policy document.
Anyone who has a base plan that is not sufficient to cover all the medical expenses or with a base cover most likely to exhaust due to frequent hospitalisation should buy a super top-up health plan.
Super top-up health insurance has certain limitations, and it does not cover;
Hospitalisation without a doctor’s prescription
No claim until your existing health insurance deductible is used.
Flexible and Affordable - Super top-up plans are flexible and let you choose your deductible amount. It is also affordable as it is cheaper than buying a new policy, so you can increase your coverage without paying a high premium.
Multiple Claims Covered - Unlike a top-up plan, a super top-up plan covers multiple claims in a policy year if the total claim exceeds the deductible amount. Note that the deductible needs to be paid only once, and you can claim multiple times.
High Sum Insured Options - You can choose a sum insured as per your requirement and affordability above your existing health cover or corporate policy, giving you an additional benefit over your health insurance.
Hospitalization Cover - A super top-up plan will cover all your hospitalisation expenses like room rent, ICU charges, nursing expenses, doctor’s fees, etc. It even covers advanced medical treatments and daycare procedures.
Individual as well as a Family floater Plan - A super top-up plan is available on an individual as well as family floater basis. You can get your entire family covered by paying a single premium.
Wide Network of Hospitals - With a super top-up plan, you can get treatment anywhere. There is a wide network of hospitals offering cashless treatment facilities. Also, you can opt for reimbursement if needed.
No Room Rent Limit - There are no room rent limits in a super top-up plan, you can choose any room in any network hospital to get treatment.
Annual Medical Check-Ups - A super top-up plan offers annual check-ups also. If you get your annual medical check-ups at a network hospital, it can be done cashless.
Easily Available Online - You can compare and purchase a super top-up plan easily online. It is recommended that you first check with your existing insurer if he provides a super top-up plan. This way you can get a discount.
Better Coverage for Senior Citizens - A super top-up plan is most beneficial for senior citizens as it provides additional coverage at a very low premium. Senior citizens are most likely to need hospitalisations or any medical treatment many times in a year, so a super top-up plan comes in handy as it covers multiple claims in a policy year.
It is a good idea to invest in super top-up insurance to protect your savings in case of a medical emergency. A health insurance super top-up plan offers many benefits and flexibility to customise your health coverage as per your requirement. You get to choose a sum insured, and deductible amounts to avail of treatments that you and your family might need in the future.