4 min read
Updated on Jan 31, 2023
Did you know India is one of the countries in the world with the highest number of Asthma patients? Out of 10 patients, one is found in India. Quite shocking, isn’t it? The sad part is that some people do not undergo the required treatment due to a lack of awareness, while some cannot get it due to fewer funds. The treatment of Asthma is quite expensive in India and not all patients can opt for it.
If you suffer from Asthma or know someone who has it but avoiding treatment for a shortage of funds, the best option is to buy a health insurance policy. There are several health insurance plans in India that you can choose from.
Asthma attacks can be very dangerous. Many people lost their lives because they could not take it. Here are some reasons that justify having health insurance coverage for Asthma.
When you have a health insurance policy, all these treatments and tests can be taken care of without burning your savings.
While buying even the best health insurance policy, there are certain factors that you need to take into account. Here are a few of them mentioned below:
As you undergo treatment for Asthma, you will basically have to keep funds ready for three expenses like Doctor consultation fees, hospitalization costs, and medicine. Certain health insurance policies offer comprehensive coverage. Therefore, comprehensive coverage is something that you should consider while buying a health insurance policy.
When you are buying a health insurance policy, you need to have a clear understanding of not only what is included but the exclusions too. Therefore, the exclusions can be covered through some other arrangements.
You must be aware of the amount of money that you are going to pay to keep your health insurance policy active. Also, if you buy a health insurance policy when you are young, you would be paying lower premiums since it is directly proportional to your age.
If you are buying a health insurance plan for Asthma, you would need to renew it each year. Well, there are health insurance plans for Asthma that even come with lifelong renewability. However, it depends on the severity of the condition.
Checking the Claim Settlement Ratio of the insurance company is very important and you should not miss out on taking a look at it. The Claim Settlement Ratio of an insurance company indicates the number of claims of the policyholders that have been settled so far. To be on the safer side, you should go for insurance providers that have a Claim Settlement Ratio of more than 90%.
If you are an Asthma patient, it is good to have a separate health insurance policy for yourself. In times of need, you can use the sum insured without affecting the family health insurance policy. You can have track of the policy without any confusion.
Also, when you have a separate health insurance policy for Asthma, you can request the insurer for a less waiting period, coverage for medicines, free teleconsultations, and many more. This means you can have a dedicated health insurance policy and additional services.
Patients with Asthma must take their health seriously. They must keep their family aware of the benefits and features of the health plan so that in times of need they can claim the benefits for his/her treatment.
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Asthma is covered under most health insurance policies. However, while buying one, you must check if you are getting coverage for Asthma treatment under the preferred policy or not.
Asthma usually is considered a chronic condition, and is a pre-existing condition in the insurance policies.
Yes, there are types of Asthma such as Occupational asthma, Seasonal asthma, Non-allergic asthma, and Exercise-induced asthma.
Yes, in order to make a claim, you must declare that you have Asthma while opting for travel insurance.
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