Looking at the standard health insurance plans available in the market today they are generally not up to the mark to help you cover the rising medical cost. In case when there is a need for long sustained medical treatment due to critical illness the total coverage may not be sufficient enough. Let’s take an example, suppose your health insurance cover is Rs. 5lacs .In case of a medical emergency you are suppose to go through a hospitalization of 10 days. Looking at the current medical cost the ancillary expenses like room rent, medicines, doctor fees etc would be in tune of Rs.1.5 to 2 lakh and in a case like this you are actually left with a very minimal amount of cover to claim for the rest. This means that rest of the money you have to pay out of your own pocket.
Considering the ever rising expenditures involved in medical emergencies add-on covers are beneficial looking at the long term view. Other than this add-on cover comes with the convenience of common underwriting, one point renewal and endorsement of both coverages. Some of most effective add-on covers which can supplement your standard Health Insurance plan and can make it more effective in long term are:
Other than the above mentioned add-on there are few other type of add-0n covers like cover for maternity and new born baby expenses, cost of alternate medication and compassionate visit which is most effect if are staying out your home town alone. The add-on cover you opt should be done with respect to the requirement you have. Though it would hardly affect your standard policy premium in terms of cost but to get a better value from your policy all these specific add-ons are a necessary. While planning for health insurance cover online do check out the various add-ons available and plan it as per your requirement .