5 min read
Updated on Apr 28, 2023
In times when healthcare costs are ever skyrocketing, health insurance definitely comes as a boon. It is only through insurance that one can even hope of sailing through the financial strain resulting from a medical emergency. However, health insurance has conventionally been known to provide financial coverage only for expenditure on hospitalization. Now, such situations are rare, however, financially stressful. The more common occurrences can be seen in Out Patient Department (OPD) visits, the expenses of which were generally not covered under insurance until now.
With the new health insurance with OPD coverage benefits introduced by most health insurance providers, policyholders can heave a sigh of relief. A number of small but considerably significant regular OPD expenditures can now be taken care of, releasing the financial load on your pocket to a slight extent. Let’s learn more about this new feature below.
Also Read: OPD and IPD full form
A number of health insurers have come up with a new and unique insurance cover feature known as health insurance with OPD cover. A few examples include Bajaj Allianz, Apollo Munich, Cigna TTK, and ICICI Lombard. This benefit has been designed keeping in mind that conventional health insurance plans fail to cover beyond the scope of hospitalization expenses for the insured.
This means that expenditure incurred on more regular OPD requirements such as doctor consultation fees, pharmacy bills, diagnostic tests, and the like, fail to be covered by health insurance plans with opd coverage. With the OPD insurance benefit, one can now avail insurance cover for OPD-related expenses as well.
Here are some of the top advantages of the OPD cover for the policyholder:
Read More: What Is The Importance Of A Health Insurance Policy In Our Life?
Now that we know the benefits of availing the OPD cover under health insurance, let us look at some of the best health insurance with OPD expense coverage plans:
Also Read: Top 10 claim settlement ratio health insurance companies in India
Hospital expenditures can put a heavy burden on one’s pocket and if these expenses need to be incurred more than once in a year, the load can be quite stressful. This is why health insurance plans offer hospitalization expenses to the insured. However, the need for hospitalization may be quite limited in the life of the policyholder. The more common expenses are incurred on OPD such as consultation with the doctor, taking diagnostic tests, and buying medicines from the pharmacy.
This is why the new feature of health insurance with OPD cover has been introduced, thereby releasing the load on the insured. To look for the health insurance plans with OPD cover in India, check out PayBima that provides details on the top health insurance plans providing the OPD cover benefit.
Browse PayBima Blogs to read interesting posts related to Health Insurance, Car Insurance, Bike Insurance, Term Life Insurance, and Investment section. You can visit PayBima to Buy Insurance Online.
View this post on Instagram
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
With the approaching World Brain Tumor Day on June 8, a peek into this deadly condition, how it is caused, and how this international day.
Food not only helps provide nourishment and facilitate survival but can also essentially serve the purpose of medicine. So can be proven by its role.
A new and exclusive health insurance benefit to Govt. employees and pensioners in Kerala In its fervent attempt to ensure that every individual in every.
Buying a health insurance plan is essential, but several people refrain from investing in such plans, and prefer investing in fixed deposits, mutual funds, and.
Nature has bestowed us with many beneficial trees and plants that we may not be aware of. Moringa or Drumstick plant is one such tree,.
Be it a huge conglomerate or a small business, a health insurance plan is imperative for one and all. Securing your employees and their families.
Are you looking at easy and effortless reimbursement claims for your health insurance? Here are some important things you should know about medical claim Reimbursements..
April 17 marks the World Haemophilia Day which is commemorated annually and is dedicated to people who have haemophilia. Let us discuss the history and.
Malaria is a disease caused by infected mosquito bites. On the occasion of World Malaria Day on April 25, 2023 let us highlight the commitment.
April 10 marks the event of World Homeopathy Day every year emphasising the importance of Homeopathy and its influence on health. Let us read more.
Speak to our advisor
Corporate Office : Mahindra Insurance Brokers Ltd ( A Mahindra Group Company ) Sadhana House, Ground Floor, 570 P. B. Marg, Behind Mahindra Towers, Worli, Mumbai 400018.
Licenced by IRDAI License No. 261; License Validity : 17-05-2025; Category : Composite Broker; CIN : U65990MH1987PLCO42609 Member of Insurance Brokers Association of India (IBAI).
Insurance is the subject matter of solicitation.
For a seamless experience, use the latest version of Chrome/Firefox/Internet Explorer.
Copyright © 2023 Mahindra Insurance Brokers. All Right Reserved.