There are many benefits that come with opting for a comprehensive health insurance plan:
1. Wide Coverage
Comprehensive plans come with a wide range of coverage for all kinds of health issues, such as unfortunate accidents, hospitalization expenses, day care procedures, and treatment for life-threatening critical illnesses, among many others.
Comprehensive health insurance plans also come with higher sum insured options so that you can have more coverage for your health expenses.
2. Protection from Medical Expenses
The extensive coverage means that comprehensive insurance plans tend to cover a wider majority of medical expenses. This includes expenses that may not be covered under basic plans, such as pre- and post-hospitalization, home hospitalization, medicines, etc.
Additionally, comprehensive plans often offer the benefit of having no room rent cap, higher ICU room rent limits, and a wider ambulance cover.
3. . Additional Coverages
With a comprehensive health plan, you will also be able to get more benefits that are not available with other health insurance plans. This includes things like a refill sum insured, where your SI will get replenished if you exhaust it during the policy period, or having no room rent capping (i.e. no maximum room rent limit) in your policy.
4. . Cashless Claims
Comprehensive health insurance policies also usually offer the facility of cashless claims, where your health insurer will take care of the bills directly with their network hospitals. Meaning you don’t need to pay any cash out of your own pocket (excluding any co-payments or deductibles).
5. Cumulative Bonus
Comprehensive health insurance policies come with a cumulative bonus benefit. For those who haven’t made any claims during the policy year, they will get an increase in their sum insured amount, without charging you any extra premium.
6. Lifetime Renewability
A comprehensive plan is one that offers lifetime renewability. So as long as you pay your premium, you can continue to enjoy the benefits of the plan, irrespective of your age.
7. Tax Benefits
When you buy a health insurance policy for yourself, or for your family members, you can claim tax benefits on the premium amount under Section 80D of the Income Tax Act.