IQ Test For Kids

1. What is health insurance?

Health insurance is an agreement whereby the insurance company agrees to make a guarantee to compensate for medical expenses in the event that the insured becomes ill or has an accident leading to her admission. Generally, insurance companies partner with major hospitals to provide cashless treatment to policyholders. In the absence of a link between the insurance company and the hospital, it pays the costs of expenses incurred by the insured. The government also promotes health insurance by providing an income tax deduction.

2. The importance of health insurance

Buying a health insurance policy for you and your family is important because medical care is very expensive, especially in the private sector. The hospital can put a hole in your pocket and lock your money. It will be more difficult if the person bringing the money is now in the hospital bed. All of this can be avoided simply by paying a small annual premium that will reduce your stress in a medical emergency.

A good health insurance policy generally covers expenses paid for a doctor's consultation fee, medical examination costs, ambulance fees, hospitalization costs, and even post-hospitalization costs to some extent.

3. The benefits of having a health insurance policy

1. Non-monetary treatment: If you are insured, you can obtain non-monetary treatments because your insurance company will work in cooperation with the different hospital networks.
2.  Covering the costs of hospitalization before and after hospitalization: The insurance policy also covers hospitalization fees before and after hospitalization for up to 60 days, depending on the insurance plans purchased.
3. Transportation fees: the insurance policy also covers the amount paid to the ambulance for the transportation of the insured.
4. No Claim Bonus (BCN): This is the bonus component that is paid to the insured if the insured has not filed a claim for any transaction in the previous year.
5. Medical Exam: The insurance policy also offers options for medical exams. Some insurance companies also provide free health screenings based on their previous national headquarters.
6. Rent of the room: the insurance policy also covers the expenses of the room according to the insurance premium paid by the insured.
7. Tax benefits: Premiums paid in health insurance are tax deductible in accordance with Article 80D of the Income Tax Law.

4. How to choose the correct insurance policy

Determining the best insurance policies is difficult because all insurance companies offer a similar type of insurance plan. Here are some important points that anyone should consider before purchasing any plan:

1. Confirm the quantity
2. Minimum entry age and renewal terms
3. Roof rental for rooms
4. Inclusion and exclusion.
5. No claim bonus
6. Other benefits

5. Eligibility criteria

In India, people under the age of 45 are not required to undergo a mandatory medical examination to obtain a health insurance policy. However, they have to detect any pre-existing conditions like diabetes or high blood pressure. Therefore, it is generally recommended to have health insurance when you are small so that the premium is lower.

6. Documents required when purchasing a health insurance policy

There are some documents that you must provide, such as:

1. Proof of age, ie birth certificate, 10 or 12 mark sheets, driver's license, passport, voter ID, etc.
2.  Proof of identity: driver's license, passport, voter identification, PAN card, Aadhar card, proving nationality.
3. Proof of address: electricity bill, phone bill, ration card, driver's license, passport, you must clearly indicate your permanent address.
4. Some plans require a medical exam (generally for people over 45 years old)
5. A copy of the passport size