What A Health Insurance Can Do For You…

Jun 16, 2018 | 1 year ago | Read Time: 2 minutes | By iKnowledge Team

Medical costs are soaring like cricket strike rates. While cricketing stars with the bat have thrilled crowds in India, ballooning healthcare has had a sobering effect.

However, there is one saving grace. While custodians of cricket have given scant security to bowlers, a medical insurance can help cushion the exorbitant treatment charges. So, let’s know more about what a health insurance can do for you.


Health insurance plans provide a wide range of medical benefits, including hospital fees, treatment charges, and ambulance costs. The insurance company will clearly mention all the benefits in the insurance policy document. The insurer also provides a list of hospitals from where you can get your treatment done.

A few hospitals also provide a cashless facility for planned medical treatment. This means that the insurer will directly pay the bill to the medical facility. You don’t have to stress out about your finances. In other cases, you need to pay the medical costs and are later reimbursed by the insurer.


A health policy does exclude a few diseases and treatments. For instance, insurers do not cover dental and skin-related treatment unless it is specified or is a feature in the product. Read the policy document carefully. The document will clearly mention the exclusions.

Waiting period

Insurers ask you about pre-existing diseases in the insurance application form. If you are suffering from one, you may have to wait for one to four years to claim treatment expenses associated with the disease. Also, the waiting period may differ for each disease.

Medical test

Some insurers conduct a medical test before issuing you a policy. This is very common when the insured person is above a certain age. The insurer may decide the premium amount depending on the medical report. The insurer may even refuse to provide a policy if the medical report is adverse.

Critical illness

A health policy can also provide critical illness cover. The cover comes at an additional cost. That’s because they are not a part of the health policy. They are standalone critical illness covers too.

The critical illness insurance can protect your finances in case you are diagnosed with cancer or other such life-threatening illness. This is why Aegon Life’s iCancer Plan is an ideal policy. This plan covers the cost associated with every stage of your cancer treatment. There are other benefits too. You will get 25% of the sum assured when diagnosed with minor stage cancer. For a critical stage cancer, you can get up to 150% of the sum assured, provided it is your first claim. Also, the lump sum payout can be done at any stage of treatment.

Taking risk of not insuring your health can only backfire. So, opt for a health insurance. Insure yourself against all diseases, especially the life-threatening ones like cancer.

Advt. no.: IA/May 2018/4049

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