Check Benefits of Health Insurance Plans With OPD Cover

Out-Patient Department (OPD) facility is a service provided by all government and most private hospitals in India. It offers the convenience of availing treatment in a hospital without being admitted to it and is usually recommended for individuals who require frequent medical consultation. OPD is not the same as daycare treatments where a patient undergoes certain medical procedures that require hospitalization for 24 hours. It refers to regular consultation, medical screening, and the performance of minor diagnostic interventions. In India, several health insurance companies offer an OPD cover as part of a general health insurance policy and in this article, we are going to talk about the benefits of the same. Read on to understand how you and your family members can avail of benefits from health insurance with OPD coverage. 

Benefits Of Buying Health Insurance With OPD Cover 

The following list mentions the most significant benefits of buying health insurance with OPD benefits:

• Higher Sum Assured 

The most prominent benefit of buying health insurance with OPD coverage is a higher sum assured. Health insurance policies with this feature calculate the sum assured in correspondence with the age of the policyholder. Therefore, the higher the age, the higher the sum assured amount. It is a strong source of financial support to people over the age of 50 years when they are more susceptible to certain illnesses and underlying medical conditions, requiring frequent medical consultation and diagnosis. 

• Comprehensive Coverage 

Medical insurance with OPD benefits comes with comprehensive coverage. It includes the cost of pharmacy bills, drugs, and other medical equipment that are frequently required for people suffering from chronic illnesses. The arrangement of such facilities involves the payment of huge sums of money and OPD coverage comfortably covers these costs as well, being a source of ready funds for individuals who need to be constantly under the medical radar. 

• Several Refunds 

If you buy health insurance with OPD coverage, you can be assured of several refunds, enabling you to claim financial assistance multiple times in a single policy year. It translates into a value-for-money benefit where all your monthly, quarterly, or annual medical expenses involving routine tests, screenings, and prescribed drugs are optimally covered by your health insurance plan, irrespective of the number of times you need financial help. 

• Tax Returns

You can avail of attractive tax returns for health insurance policies that come with OPD coverage. In contrast to plans without this feature, you can claim regular health insurance tax benefits against the premiums paid for this service. It ensures your savings and an extra source of additional income for you and your family members. 

• Additional Coverage

For health insurance plans with OPD coverage, policyholders can avail an additional coverage on charges apart from hospitalization charges. For individuals who suffer from chronic or critical illnesses that require frequent visits to the doctor and medical tests, this feature is a welcome benefit. It allows them to receive a reimbursement of their consultation charges and tests along with the claim amount, thus cementing a steady flow of funds for medical treatment. 

Take Away 

These are the top 5 benefits of buying a health insurance policy with an OPD cover. It protects you comprehensively against the hassle of constantly arranging for additional funds. In India, several reputed companies such as  Apollo Munich and Bajaj Allianz offer health insurance with OPD coverage and you should ensure to get a health insurance policy that allows this facility and benefits all policyholders. 

Disclaimer: This article is issued in the general public interest and is meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive and should research further or consult an expert in this regard.