In the recent pandemic that crumbled the world, we witnessed the importance of healthcare like never before. The ever-rising cost of health services that has always existed, became more prominent during the pandemic and showed us the significance of having Health Insurance.

Health Insurance is the “kavach” that should always be around us, and we should be well prepared for every renewal. Another option is, instead of renewing it the usual way, i.e., annually, we can look at the long-term plans that are valid for more than one year.

Apart from the benefit of being carefree from the renewal tension for a long while, long-term plans have a few other benefits over and above the annual plans.

What is Long Term Health Insurance?

Long Term Health Insurance, as the name implies, has a longer tenure than the standard one-year tenure of health insurance. Its tenure usually ranges between 2-3 years. Hence you have a financial cushion against any health care requirements for a longer period.