At an affordable price for you
Ashish works at an MNC in Hyderabad. He recently got a new job in a neighbouring city. Being aware of the risks of losing out the benefits of his mediclaim offered by current employer, he decided to get a new health cover till the time he is enrolled in a policy by his new employer.
Ashish is already covered under a personal health insurance plan. So, a short term health insurance plan is what he selected as an added financial cushion for this transition period. He made a smart decision as he clearly understood the advantages he would receive under this policy.
The objective of this article is to highlight the various benefits available for policyholders of a short term health plans.
Affordability: Going for comprehensive long-term health plan sometimes may not be feasible; like in case of Ashish where he already had a personal health insurance policy. Opting for a short-term plan is advantageous as it will cover the short-term insurance needs. Moreover, the premium is affordable.
Flexibility to Choose Tenure: Depending on one’s personal needs, an individual can choose a suitable tenure ranging from 3 months to 6 months. This flexibility is not available in a long-term health plan that comes with a minimum term of one year.
Maximum Coverage: Short term health insurance plans offer comprehensive protection for various medical expenses. The major features are in-patient hospitalization, cover for pre-hospitalization and post-hospitalization medical expenses, day care treatment, ambulance cover, organ donor cover, etc.
Lifelong Renewability: If the policyholders wish to get continued coverage under their short-term health plans, they can avail the feature of lifelong renewability.
Cashless Hospitalization: Payment of huge medical bills could be stressful when a medical emergency strikes. Cashless hospitalization feature eliminates this burden. It can be availed at any network hospital of the insurer. The medical expenses will be directly settled with the hospital, subject to policy terms and conditions.
Tax Benefits: Policyholders also get the chance to save tax on the premium paid by claiming tax deduction under Section 80D of the Income Tax Act, 1961. This way one can look forward to additional savings.
This health insurance policy has been exclusively designed to fulfil the requirements arising in certain situations, for instance, job change as in case of Ashish. Secondly, while the process of health insurance portability is taking place, an individual can go for this health cover that will fill the temporary gap in health coverage.
Thirdly, NRIs and students who visit India for short duration and seek temporary health cover can opt for this policy which comes with minimum term of 3 months.
Short term health plans are also beneficial if an individual wishes to experience the services before purchasing long-term plans from an insurer.
Flexi Short Term Health Insurance Plan by Care Health Insurance (Formerly Religare Health Insurance) offers you the above-mentioned benefits including the flexibility to choose your preferred tenure ranging from 3 to 6 months. In addition, you can avail various health insurance benefits including no claim bonus for spending a claim-free year.
Disclaimer: Plan features, benefits, coverage, and underwriting of claims are subject to policy terms and conditions. Please refer to the brochure, sales prospectus, and policy documents carefully.
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