With rising medical costs, a health insurance policy has become a necessity in today’s times. Standard health insurance plans offer coverage for most common diseases and illnesses. However, these plans have a range of exclusions that can render the coverage insufficient. This is where an add-on policy or add-on covers come in handy.
There is a range of add-on covers available like critical illness insurance, day care procedures insurance, and many others. In this article, we will share a list of seven add-on covers that you must include with your health insurance policy.
A health care insurance policy offers coverage for various expenses associated with medical treatments, including hospitalisation. However, it has some limitations. Add-on covers can help you get better coverage on your health insurance plans.
7 Add-On Covers That You Can Include in Your Health Insurance
Here is the list of the add-ons:
- Alternative Treatments
While allopathic treatments are highly popular, many people opt for alternative methods of treatment like Ayurveda, Yoga, Unani, Siddha, and Homoeopathy (AYUSH). These treatments are usually long-term and can be costly. If you believe in any such alternative method of treatment, then you can opt for the alternative treatments add-on cover.
- Increase Sum Insured
This add-on cover allows the policyholder to alter or increase the sum insured on the policy. You can check if the insurer offers this add-on and use it to boost the sum insured on your health insurance policy.
- Domiciliary Care
The domiciliary care add-on offers coverage for nursing care at home. Many people have started preferring it over hospitalisation. This cover offers health insurance coverage for the specified time frame.
- Pre and Post-Hospitalisation expenses
If the insured person needs to be hospitalised, then he/she might have to go through some tests before being admitted and also check-ups and tests after being discharged. Depending on the medical condition, this can be very expensive. With this cover, the insurer offers coverage for all such expenses.
- Domestic Ambulance Services
This add-on cover offers coverage for the expenses incurred when the insured person avails of domestic ambulance services. Depending on your location and that of the hospital, these costs can be high.
- Organ Donor Expense
If the insured person ever needs an organ donation, then all the expenses pertaining to the donation process have to be borne by him/her. This includes the donor’s hospitalisation costs. This add-on cover reimburses all such costs.
- Air Ambulance Services
If the insured person needs to avail of emergency hospitalisation services in a different city, then he/she might need air ambulance services. These services are highly expensive. With the air ambulance services add-on, the insurer offers some coverage for the same.
Do You Need Add-on Covers with Your Health Insurance Policy?
The modern lifestyle is getting increasingly stressful and exposing us to a wide range of health-related risks. Today, many people are suffering from lifestyle-related disorders, pollution-induced diseases, and various other ailments. Along with the rising cost of medical treatments, buying a comprehensive health insurance policy has become essential.
However, standard medical policies have certain inclusions and exclusions that limit the scope and extent of the coverage offered by them. Most insurers offer a range of add-on covers to help people customise their health insurance plans as per their needs. Make sure that you consider your family medical history and your pre-existing conditions before choosing a health insurance policy.
It is important to purchase a health insurance policy that offers you optimum coverage based on your needs. Remember, standard health insurance policies offer limited coverage. Before choosing a policy, make sure that you go through the terms and conditions, as well as the inclusions and exclusions of the policy. This will help you understand the scope and extent of the coverage and choose add-on covers based on your needs. Good Luck!