Who Should buy Short Term Health Insurance Plan
There is no denying the fact that a good health insurance policy saves one’s finances from adverse impact of hefty medical bills. If you are someone who has serious health risks, for instance due to a family medical history, or have a family to care of; then investing in long term health insurance is the best option.
However, there could be situations where you may need a temporary health cover. In such instances, it is wise to buy a short-term health policy.
In this article, we mention some examples where one may need a short term health insurance policy.
Professionals who are switching jobs
Young adults are always on the go. In quest of new opportunities, they are likely to change their jobs. This transition phase would also imply losing out the benefits of mediclaim given by current employer. Sometimes, joining formalities in companies take a lot of time or there could other contingencies that can delay the process of joining a new company. So, in the meantime, an individual can opt for a short-term health cover and stay financially secured.
People who Port their Health Policy
The provision of health insurance portability is given to policyholders by the Insurance Regulatory and Development Authority of India (IRDAI). For instance, an individual may choose to switch to a specialized health insurance company like Religare Health Insurance. Insurance portability process is carried out as per the specified timeline and may take a few days. So, it is essential to secure oneself against unexpected medical expenses even during this transition period. In such cases, the support of a short-term health policy is noteworthy.
Moreover, a policy buyer can select a short-term health policy to check the services of an insurer before buying a long-term plan.
Individuals who are on short stay in India
Short-term health plans are beneficial for individuals like Non- Resident Indians (NRIs) and students who are planning to stay in India only for a few months. Short-term plans are flexible to customise as one can choose policy tenure ranging from 3 months to 6 months. These plans, therefore, offer the much-needed financial protection for those looking for best health insurance plans in India for short-term needs.
Benefits to Look For in Short-term Health Plans
Buying a short term health insurance cover will offer the policyholder the key benefits such as cashless hospitalization at network hospitals, cover for pre-and-post hospitalization medical costs, ambulance cover, annual health check-up and lifelong renewability. Moreover, the best part of such plans is that they have affordable premium with comprehensive coverage. One can also seek the tax benefits provided under Section 80D of the Income Tax Act, 1961.
Buying health insurance involves a lot of planning, research and a clear evaluation of individual requirements. It is advisable to read the policy documents with utmost attention, so that there are no hassles at the time of filing a claim.
Get your short-term insurance needs covered by opting for Flexi Insure by Religare Health Insurance. This policy is available for sum insured ranging from Rs 4 Lakh to Rs 10 Lakh. Besides, you can avail features like annual health check-up and no-claim bonus, and tax benefits.