Benefits of Short Term Health Insurance Plan

HEALTH INSURANCE PLANS


Benefits of Short Term Health Insurance Plan

6 Reasons to buy a Short Term Health Insurance Plan

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. 

Why is Short Term Health Insurance Beneficial?

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. 

Short Term Health Plans are Suitable for Certain Situations

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 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.

View Our Editorial Policy


GET FREE QUOTE

+91 verified
Please enter a valid mobile number
Please enter a valid Full Name
I have read and agree to the Terms & Conditions
Please select terms and conditions
Get updates on WhatsApp
CALCULATE PREMIUM

Articles By Category

Health Insurance Articles
Family Family
Senior Citizens Senior Citizens
Maternity Maternity
Surgery Surgery
Heart Heart
Tax & Investments Tax & Investments
Lifestyle Lifestyle
Awareness Days Awareness Days
Child Care Child Care
Money Saving Tips Money Saving Tips
Festive Days Festive Days
Covid-19 Covid-19
Travel Insurance Articles
International International
Student Student
Travel Tips Travel Tips
Visa Visa
Passport Passport
Insurance Guide
Health Health
Travel Travel

Secure Your Finances Now!

Get the best financial security with Care Health Insurance!

+91
verified

Reach for us at

Sales:

phone1800-102-4499

Services:

whatApp Icon8860402452


chat_bubble
Live Chat
;