123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Insurance >> View Article

How Can You Customize Medical Insurance Plans For Your Family?

By Author: Sandip
Total Articles: 1

The best health insurance riders for the family

Let us take a look at some of the beneficial health insurance riders that can help make your medical insurance plan more flexible:

1. Critical illness rider: This is an extremely useful health insurance rider. With this rider in place, you are entitled to get an additional sum assured if you contract a critical illness. You will get a lump sum amount of money. You can use this money to seek treatment or pay off any dues. It helps the family to cope up with the financial challenges at the time of an emergency.

2. Maternity rider: This is a very beneficial rider for the family. If you are planning to expand your family, get a maternity rider. The maternity costs usually aren’t covered under a regular health plan. Even if they are, there is a long waiting period. However, with the maternity rider, you can make a claim. A maternity rider will offer you coverage for maternity expenses and also protect you against the rising healthcare inflation.

3. Hospital cash: Under the clauses of this rider, the insurance provider will pay you a lump sum amount of money for the days you spend in hospital. This money can be used in any way you wish. It works to compensate for the out-of-pocket payments, pay an attendee or for any other important expense.

4. Room rent waiver: Most health insurance plans have a limitation on the amount you can spend on your room rent. It is usually about 1% of the total sum assured. This is not sufficient at times. But you definitely want the best for your family members. You want to ensure they have a comfortable hospital stay in a private room. To make this possible, opt for the room rent waiver rider. This rider removes the cap on the room rent expenses.

5. Personal Accident Waiver: If there is any injury resulting from an accident, you will get an additional sum assured with this rider. If there is any kind of total permanent disability or permanent partial disability or temporary total disability resulting from the accident, or even death, your nominees will get a death benefit. This is a useful rider as it helps take care of the future expenses too.

How to customise your medical insurance plan with rider?

Now that you know how useful a rider is, you definitely must consider getting a few as per your requirement. A health insurance rider can be added to any basic health insurance plan. You need to speak to your insurer and enquire about the costs of the riders. Riders are available at an added cost. Make the payment and the add-on covers will be added to your family floater health plan or an individual health insurance plan. However, before you make a purchase, analyse your requirements and weigh them against the benefits offered by the riders. Unless the benefits match your needs, you won't be able to fully customise your family’s health insurance cover.

The bottom line

It is vital to buy health insurance these days. However, the cover you buy should be large enough to protect all the members of your family in a comprehensive manner. If you feel the base health plan is not enough, consider buying some add-on covers. These covers will help you customise the plan and make it work better for you as well as your family members. Speak to your insurance provider and see which riders are available. Pick the best riders out of the lot and make a purchase. Your health insurance plan will be customised and you will get the most out of it.

Total Views: 50Word Count: 606See All articles From Author

Insurance Articles

1. Child Education And Marriage Insurance
Author: Raj

2. The Need To Start Early - Buy Life Insurance Today
Author: Raj

3. How Can An Endowment Plan Help During Taxation?
Author: sammi maheshwari

4. Mortgage Loan In Chennai
Author: Shriwin

5. A Guide To Understanding Dental Insurance In Alberta – What Does It Cover?
Author: Marcus McGowan

6. Here's Everything You Need To Know About Viola Insurance
Author: Micheal Jordan

7. Who Has The Best Auto Insurance Quotes In Las Vegas?
Author: The author writes a lot about affordable insurance

8. How To Select The Best Health Insurance Plans In Czech Republic
Author: Alzbetaberka

9. What To Check For Choosing Cheap Health Insurance In The Czech Republic
Author: Alzbetaberka

10. Dos And Don'ts For Choosing Insurance For Flats
Author: Elena Johnson

11. Hire Loss Assessor For Theft Damage Insurance Claim
Author: Claim Makers

12. Are You A Sound Designer In Your Music Team? Here's A List Of The Gear You Need Along With The Audio
Author: Micheal Jordan

13. Check For The Ideal Recording Studio Insurance Online
Author: Victor Johnson

14. Loss Assessor For Better Storm Damage Claim
Author: Claim Makers

15. Important Points To Consider Before Taking Loan
Author: Broad Stevens

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: