Gurgaon Dengue Case: How Much Health Insurance Is Enough?

By | December 4, 2017

How much Health Insurance would be enough for you to handle expensive medical bills? Read on to know.

Gurgaon Dengue Case: How Much Health Insurance Is Enough?

With greater financial awareness, the demand for Health Insurance has risen.  Despite having Health Insurance, you can still be exposed to a high medical bill. Recently, at a leading hospital in Gurgaon, a family was charged Rs. 18 lakh for the treatment of their daughter, who had dengue.

Therefore, while buying a Health Insurance, it is important for you to weigh if it is adequate for seeking treatment for well-known diseases, including critical illnesses

In this article, we take a look at how much insurance would be enough for you to handle medical bills in most situations.

Keep Sum Insured On The Higher Side

You must take Health Insurance cover of appropriate size so that if there is a medical emergency, your policy can provide maximum financial protection. Most people usually seek the best medical treatment at the best possible hospital. But bigger the hospital, higher the treatment cost. You should, therefore, get a sum assured of at least Rs. 10 lakh. Normally under a health policy there are sub-limits for specific treatments. Such limits are higher if the insured amount is high, so it is better to keep the insured amount as high as possible.

Check Out What’s Not Covered In The Policy

It’s very essential that you read the fine print of the policy document before you buy it. The terms and condition of every company vary and there is a vast difference in the low-end and high-end policy of the same company. Normally in the low-end policy,  there will be lots of restrictions, sub-limits and longer waiting periods. You may not be able to get cover for a comprehensive list of ailments too.

Whereas high-end policies normally provide better cover, fewer restrictions, and fewer sub-limits. They also have better span to cover high-cost treatment. Some health policy may not cover day care treatment and there could be restrictions on coverage for alternative or non-conventional treatment methods. You should thoroughly check the policy document and analyse various policies by using the online comparison tool. You should buy a policy which gives you comprehensive cover at a reasonable cost.

 What Constitutes A Big Bill During Hospitalisation?

Room charges constitute a major portion of the medical bill. In prominent hospitals, the room charges are very high. The room sharing option with other patients cuts down the charges and accordingly the amount in the final bill. Apart from the room charges, the diagnosis and checkups also make a sizable amount during the treatment.

Take The Appropriate Add-on For Complete Coverage

As already discussed, every policy does not cover all the ailments. Depending on your family history, work environment, and locality related health risks, you should buy an appropriate top-up to get cover from such risks. For example, In Delhi every year you’ll notice that a large number of people are affected by Dengue. It means people who live in Delhi and its peripheral area are at high risk of getting Dengue disease. A regular health policy may put disease like Dengue on the exclusion list or fix a sub-limit for treatment. An add-on or top-up cover will ensure that you get the treatment cost covered in such scenario.

The Gurgaon Dengue case is an example of the exorbitant bills you can get at hospitals. A health policy can provide a cover, but only up to the extent of its terms and rest you may need to pay on your own. Therefore, it is equally important that you select the right hospital as per your health policy size and when you buy a health policy then keep the insured amount as high as possible.

BankBazaarInsurance.com, India’s premier online marketplace to compare and apply for the best personal finance products including health insurance, car insurance, life insurance and two wheeler insurance.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.
Category: Health Insurance Msn Times UCN Yahoo

About Adhil Shetty

Adhil Shetty is the Founder and serves as the Chief Executive Officer of BankBazaar.com. Adhil has a Master’s degree in International Relations with a specialization in International Finance and Business from Columbia University in the City of New York, and a Bachelor’s degree in Engineering from the College of Engineering Guindy, Anna University. Adhil is an expert in Personal Finance (Car loan/Home loan and personal loan) and he majorly consults on investment and spends rationalization for the Indian loan borrowers. His guidance is number based with real time interest rate calculations and hence useful for consumer’s real time query.

Leave a Reply

Your email address will not be published. Required fields are marked *