Along with inflation, the cost of healthcare has significantly increased. With medical treatments becoming more expensive, many face a financial crunch to acquire the necessary healthcare. In such situations and circumstances, health insurance can be beneficial and provide financial support. Choosing a suitable health insurance plan according to your unique needs can be beneficial. Largely, there are 2 main types of health insurance: basic health insurance and comprehensive health insurance. Let us have a look at each of them.

What is Basic Health Insurance?

A basic health insurance plan covers medical expenses for injuries or illnesses. It does not cover inpatient treatments, medical tests, or consultations. However, a basic health insurance plan can protect you from sudden medical expenses and can reimburse your bills. There is also an option available for the insurer to pay the medical care provider on your behalf directly. Basic health insurance plans also have a cap on room charges and consultation fees. Moreover, value-added services such as gym membership, pharmacy, etc., will not be included.

What is Comprehensive Health Insurance?

Comprehensive health insurance provides extensive coverage and can provide financial support when it comes to medical emergencies. Both inpatient treatments, as well as outpatient treatments, are covered by comprehensive health insurance plans. In addition, hospital stays, medical tests, ambulance costs, daycare procedures, critical illnesses, and consultations will be covered. Moreover, the cashless treatment allows you to provide the required medical treatment and not pay any amount as the insurer would cover your medical expenses.

What is a Top-Up Plan?

A top-up plan works supplementary to your existing health insurance. These plans can help you get the required healthcare protection if the insured sum in your health insurance is exhausted. If the insured sum or coverage offered by your existing health insurance is not sufficient, opting for a top-up health insurance plan can be beneficial.

How to Buy Health Insurance with the Finserv MARKETS App?

You can apply for health insurance on the Finserv MARKETS app by following these 5 simple steps.

Step 1: Go to Play Store and download the Finserv MARKETS app. Navigate to the “insurance” section in the app.

Step 2: Choose the type of insurance you would like to avail. Select “health insurance” as you are looking to purchase health insurance.

Step 3: Pick a suitable coverage according to your needs.

Step 4: Fill in your details on the application form, such as your full name, contact number, email ID, etc. Then, upload the necessary documents to complete your application.

Step 5: The insurer then verifies the uploaded documents along with your submitted application form. After verification, you have to pay the premium amount online through any of the available methods.

In a Nutshell

Health insurance can be extremely beneficial to cover medical costs and reduce financial burden. You can apply for Bajaj health insurance on the Finserv MARKETS app through an easy process. You can also avail of benefits like minimal processing and quick approval of your insurance.