Medical Insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons. It can be grouped as individual in Insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons surance, family insurance, SMEs insurance or corporate insurance.
Buying a Medical cover for yourself or family could tag along the following benefits – Inpatient Cover, Outpatient, Maternity, Dental, Optical, Last expense and Personal accident cover.
Inpatient cover is mandatory while buying Medical Insurance. All other benefits are optional and require a premium addition. Inpatient cover remains the most vital medical insurance cover that everyone should strive to have.
Example: For a principal of 40 years, spouse of 40 years and two children for a limit of 500k inpatient, 50k each outpatient, the cost of the cover in Jubilee would be:
Children 2*7200 = 14,400
Principal 1 8,800
Children 2*18,800 = 37,600