Comprehensive major medical insurance is an insurance scheme with a low deductible and a maximum coverage limits including inpatient care, outpatient care, x-rays, laboratory tests, and diagnostic office. The comprehensive major medical insurance is designed to soothe the financial crisis caused due to the increasing hospitalization charges. The policy offers a coinsurance provision, which mingles the basic coverage with all the other major medical coverage.
There are several benefits of taking a comprehensive major medical insurance policy. Some of the major benefits include:
High Sum Assured
The comprehensive major medical insurance policy will cover a major portion of the hospitalization charges incurred by the insured. This helps the insured not to worry about his hospitalization charges.
Pre-admission diagnosis expenses
The comprehensive major medical insurance policy covers the fees paid to a medical specialist for laboratory examinations, diagnosis and x-rays. The reimbursement will be paid only if the examinations are conducted on the recommendation of a qualified medical practitioner for the assessment of an injury or illness. The insured will only get the reimbursement if he/she is later hospitalized for treatment.
Outpatient expenses for kidney dialysis treatment or cancer
The policy also provides reimbursement for any outpatient expenses incurred for the insured for kidney dialysis or cancer treatment (chemotherapy and radiotherapy).
None Social Medical System reimbursement
Some insurance companies provide reimbursement of more than 75% of the expenses incurred. This includes those medicinal drugs which are out of the coverage of Social Medical System.
The comprehensive major medical insurance also covers the expenses incurred for an insured for his/her local ambulance transportation due to illness.
No claim bonus
Most of the insurance companies offer a no-claim bonus. That is, if the insured does not make any claims during a year, his annual payment limit will be increase by 6% in the next renewal year.
Nowadays there are several insurance providers offering online comprehensive major medical insurance policy. This is considered as an added advantage for those looking for comprehensive major medical insurance. This helps the customers to access online insurance quotes to know more about the premium and coverage plans offered by different insurance companies so that he can easily find out the most affordable package for his needs.
There are lots of insurance companies offering comprehensive major medical insurance. So it is the risk of the customer to select an ideal one which suits him the best. Various comprehensive major medical insurance follows different schemes and hence the payable amount varies a lot. Hence before sticking into any policy it is better from your part to select those insurance providers who offer a maximum benefit ceiling. After all there is no point in having a comprehensive major medical expense insurance that leaves unnecessary burden on the customer. It is all about thinking rationally, the thought process backed by sound research and market study, and using your discerning ability to maximum use.