Many a times our customers or clients inquire us what should hold upward the amount assured nether Health Insurance policy? Should I increment the amount assured this time?
(a) Cover the opportunity to a reasonable extent – ask non hold upward highest
(b) Should hold upward Cost effective – where steal permits
While inward the instance of motor vehicle amount assured (IDV) – goes downwards twelvemonth later twelvemonth due to depreciation / obsolescence of the vehicle, the province of affairs changes for Health Insurance equally t amongst increment inward historic menses of the insured the opportunity equally good increases as well as all of us (including Health Insurance provider ) know that it goes on increasing amongst passage of fourth dimension .
The reasons are
As you lot grow older the ask for hospitalization definitely increases equally around diseases are historic menses related as well as are outflow to comport on close of us as well as around examples are:
(i) Hernia
(ii) Cataract
(iii) Prostrate
(iv) Hysterectomy
(v) Arthritis (Knee replacement)
(vi) Many others Critical Illness similar Cardiac / Cancer
We honor that on the ane manus ask is increasing as well as at the same fourth dimension upward gradation of Medical Technology ( Equipment /diagnostic) results inward availability of meliorate handling / painless handling to the patient .Some of examples of up gradation of Medical Technology are :
(i) Lasic Surgery ( twenty-four hr menses surgical physical care for ) vs. Traditional Cataract Surgery (3 days stay in infirmary )
(ii) Advanced MRI vs. MRI vs. CAT vs. X-RAY Digital vs. X-RAY
(iii) Even in Coronary Stent In plants you lot bring selection of
Traditional Metallic Stents Rs.40000
Drug eluting Stent Rs.150000 (higher past times 275%)
Drug eluting Stent Rs.150000 (higher past times 275%)
Bio Degradable Stent Rs.300000 (higher past times 650%)
It is natural that Bio Degradable Stent volition hold upward meliorate / to a greater extent than effective than Traditional Metallic Stents. In Times of India – October 07, 2013. We came across practiced information from Mr. Sanjay Datta (ICICI Lombard).
“Treatment costs bring gone upward past times 50-60% inward around cases such equally arthritis as well as encephalon stroke. Several other ailments such equally spinal cord disorders, view stroke, as well as hip as well as thigh fracture bring witnessed an increment of 25 to 50% inward handling costs”.
In the same context nosotros bring comment of Mr. Suresh Sugathan, Head of Health Insurance at Bajaj Allianz General Insurance.
“The costs of robotic surgical physical care for on average are 25-35% higher than conventional surgery. What typically happens is that the medico offers the patient a selection betwixt a traditional choice as well as a superior technique”.
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