Our goal at Asfin Loans is to provide access to Home, Car, Personal and Business loan at insight competitive interest rates. We are the loan provider, you can use our loan product.
Nowadays, people are busy in their day-to-day life, and typically, they don’t have time to look after their health concerns. The hectic lifestyle makes the body suffer from high-stress levels that can lead to serious health issues. In case you need medical treatment, you should be covered by health insurance.
The medical treatments are becoming unbelievably expensive. 75% of Indian households are paying medical bills out of their pocket. Innovation and development in the medical arena have resulted in the cure for most life-threatening illnesses. Treatment for such critical diseases carries enormous medical costs and thus is not affordable to ordinary people. Treatment in private hospitals will cost you to the extent of bringing a quake in your financial stability.
Anybody may fall ill, and several medical treatments, especially a critical illness, can obstruct you from achieving your financial goals. If you are not covered by medical insurance, you need to pay the enormous medical bills with money you kept for meeting other financial objectives like buying a car or a new home. If you are the only income-earning family member, it becomes imperative to get yourself health insurance at the earliest.
By buying a health insurance policy, you will get coverage against hospitalization expenses for you & your family. With the health cover, you don’t need to worry about medical expenses, and it ensures peace of mind during medical emergencies.
Choose the best Health Insurance Policy in India and lessen your financial risks from unforeseen health problems. There are different types of health plans you can choose from depending on you and your family’s health needs.
This kind of health insurance plan is designed to provide medical cover for an individual. It is a preferred health insurance plan when you are unmarried or the only earning member of your family. This health insurance provides cover against in-patient hospitalization expenses, pre & post-hospitalization expenses, and daycare procedures. You only need to ensure that you are not under-covered and opt for the right insurance cover under an individual health policy. Such policies are also known as Mediclaim Policy.
If you want to cover your entire family’s medical expenses, you can go for a Family Floater Health Plan. Under this Health Insurance Plan, your whole family, including spouse, parents, kids, and some plans also allow parents-in-law who can be included as insureds under one policy and claim against hospitalization or medical benefits as per policy contract. At one time, more than one member of your family can also avail of the advantages of this health insurance plan subject to the maximum limit. The total health cover or Sum Assured can be shared between the multiple insureds within a single policy year.
As you grow older, there are more chances of getting sick. In case you go through medical treatment, you have to pay substantial medical bills from your pocket, which is quite painful, especially when you don’t have a regular source of income. It is thus better to choose a Senior Citizen Health Insurance Plan to put a cover on your finances. You can choose an umbrella plan which includes you and your spouse (if you fall in the senior citizen category), or you can buy individual senior citizen health plans. These health plans cover the medical needs of senior citizens.
Critical illness is a health-related medical condition of a severe nature. A Critical Illness insurance plan guards you against the financial expenses in diagnosing acute diseases such as cancer, heart attack, kidney failure, etc. The range of critical illnesses covered and the payout may vary from one plan to another. Critical illness insurance provides a lump-sum payment in case the policyholder is diagnosed with the critical illnesses mentioned in the contract. A critical illness plan can also be taken as an add-on benefit to your base health plan.
A Personal Accident Plan provides you with cover against accidental death or injury resulting in permanent total/partial disablement. Severe accidental injuries affect the earnings of the person. When it comes to securing the future of the family, this plan is quite essential for the sole earning member of the family. This plan pays the sum assured to the insured (in the event of disability due to an accident) or nominee (in the case of death). Some Personal Accident insurance policies also cover Medical Expenses arising out of the accident. The Personal Accident Plan can also be taken as an add-on benefit to your base health plan.
Under this plan, medical expenses pertaining to maternity are covered. It covers the cost of maternity expenses which are incurred during childbirth. Insurers put some waiting period to avail this cover. Some insurers include maternity benefits inbuilt under their primary health plan also.
A group health insurance policy is a type of insurance plan which provides health care insurance coverage to a group of people, who are usually an employee of a common company, professionals in a common group, or members of a cooperative society. For most salaried people, group health insurance comes as one of the most beneficial perks, which is offered by an employer. The group health insurance policy helps a company to mitigate the risk faced by their employees and increases employee satisfaction also. A group health insurance policy, is a policy issued for one year, which needs to be renewed annually to continue coverage.
Here are the key benefits under the Best Health Insurance Plans in India and are covered by most of the Mediclaim Policies.
A health plan covers in-patient hospitalization costs that occur due to an accident, illness, or a medical/ surgical procedure. Typically, your health insurer will pay for room rent, nursing, medical practitioner, anesthesia, blood, oxygen, surgical appliances, operation theater charges, medicines, drugs, consumables, and other devices required during a surgical procedure. This benefit is covered in most Indemnity-based best medical insurance in India.
It covers medical expenses due to illness for 30 days before the insured person was hospitalized. The days of pre-hospitalization included under the plan may vary from one insurer to another.
It covers medical expenses due to illness for 60 days after the insured person was discharged. The days of post-hospitalization included under the plan may vary from one insurer to another.
Best Health Insurance in India offers Cashless Treatment under its Health Insurance Policy. Most of the insurers offer the facility of cashless treatment, provided you are hospitalized in one of the listed network hospitals of your insurance company. In the case of cashless hospitalization, your insurer will pay your hospital bills. If you go to non-network hospitals, you can claim reimbursement of medical expenses that are covered under the plan.
Some medical surgeries require hospitalization for less than 24 hours. Several insurers also pay for such events where you are not hospitalized for 24 hours rather admitted for a few hour basis the treatment or surgery.
No Claim Bonus (NCB) is a benefit under your health plan if the insured person has a claim-free policy year. The advantage of NCB transfers to the insured is either through an increase in the sum assured or a specified discount on the premium charges for the succeeding year. Being a healthy individual, you can enjoy a claim-free year and take benefits of NCB under your health plan.
A hospital cash allowance is payable on a day-to-day basis. The hospital cash benefit depends on the terms of the policy. A specified minimum stay in the hospital is required to avail of this facility.
You can avail the benefit of free health check-ups under your health. It includes a comprehensive health check-up for members covered under the plan. Some insurers offer health check-ups on renewal, and some provide this benefit of free health check-ups upon claim-free year/s.
Some insurers cover the ambulance charges for transferring the insured from home to hospital. The coverage amount of ambulance charges depends on the policy terms.
The premium amount you pay for your health policy or your family’s health plan is considered for tax benefit under section 80D of the Income Tax Act 1961. These benefits are subject to changes in tax laws.
Note: The benefits mentioned above may differ from one insurer to another. Read your chosen Health Plan policy wordings carefully for more details.
The Comprehensive private car insurance policy insures your personal or private cars against damages or losses arising from accidents or other mishaps.
The cost of private car insurance depends on the make and model of the car. The private car insurance policy is classified into a Third-party Liability Plan only or a Third-party Liability Plan and Own Damage cover package. With this type of motor insurance policy, you get benefits such as.
A bike or two-wheeler insurance policy covers motorcycles and scooters. The cost of the bike insurance plan is based on the make and model of the two-wheeler. It can be further classified into a Third-party Liability Plan only or a Third-party Liability Plan and Own Damage cover package.
The bike insurance plan protects two-wheelers against damages or losses caused due to an accident or other mishaps. With this type of wide-ranging motor insurance, you get benefits such as.
Vehicles used for commercial purposes and not for personal or private use are classified under commercial vehicle insurance. Buses, trucks, taxis/cabs, light and heavy commercial vehicles, multi-utility vehicles, ambulances, agricultural vehicles, auto-rickshaws, rental cars and bikes, etc., are some of the vehicles covered under commercial motor insurance.
Here are the benefits of Comprehensive commercial motor insurance.
The cost of commercial vehicle insurance might be slightly higher than private vehicle insurance since they are considered higher risk than personal vehicles.
For More info contact our Relationship Manger :
DISCLAIMER : Asfin Wealth Managment Private Limited intends to provide clear and unbiased information about Loans and Credit Cards & Insurance/ Investment services. The information and data are generic in nature. Our efforts are to offer unbiased, accurate and responsible data to the best of our ability. We are however, in no manner or form responsible for any discrepancies in the data published on our website. There is no intention or purpose of violating any intellectual property or ancillary rights. All information provided on the portal www.asfinloans.com is subject to it’s discretion and is likely to change without any notice. Although we have tried to maintain high standards inquality, clarity and accuracy of the material posted on the portal www.asfinloans.com is not legally responsible for the same in any manner what so ever. Employees, partners and associated staff of ASFIN WEALTH MANAGMENT PRIVATE LIMITED are not accountable for any loss, harm or damage that occurs or may occur or aries from the usage of information from the portal. Customers advised to use their own discretion in such matters. It is mutual understanding between us and the customers that their association with the portal will be at the customer’s sole discretion and risk.
