The COVID-19 exemplified how little control we have over external factors that can impact our health. As we all fight to adjust to a new normal environment, healthcare expenses are an uncertain thing.
As per industry reports, medical inflation is driving more individuals to reconsider their health financing priorities.
While for most people, the financial protection offered by health insurance is absolutely critical, high-net-worth individuals think that they can bear the financial impact of immediate medical emergencies at least in the near term.
It is easy to find false comfort in the assumption that you’re well prepared for your future demands. Including the unknown aspects associated with the social determinants of health like pollution, global warming, biological hazards, etc.
The difficulty emerges when you confront emerges when you comfort the facts and attempt to complete actual financial planning.
That contains such unknowns also, as HNIs tend to travel more often internationally, it is advised to obtain a health insurance plan that provides worldwide coverage.
Six most important checklist
World-class benefits and a health-first approach
Few health plans award individuals leading a healthy lifestyle with returns of up to 100% of premiums paid. Pursue a plan which focuses on your health, has an option to double you’re assured in two claim-free years and give access.
2. Worldwide cashless treatment
Not every health insurance plan covers the costs for medical treatment to be done aboard.
Select insurance policies that offer cashless treatment on travel expenses, accommodation, and treatment on travel expenses, accommodation, and treatment network hospitals abroad with a cover that is reasonably adequate of saying at least 3 cr.
3. International travel cover :
HNIs who travel overseas for vacation, work or to receive better medical care and treatment must consider purchasing such health insurance.
4. Chronic Management program
As illnesses related to Asthma, High blood pressure, high cholesterol, and diabetes are rising, opt for a policy that gives you an automatic upgrade at no extra cost to its management.
5. Other features
Very few policies offer coverage within the base price of their policy for dentistry mental illness etc.