In today’s world, everyone should have some form of health insurance to protect themselves against uncertainties. Especially since the rising costs of hospitalization and long drawn treatment procedures getting much more expensive over the years. This also brings us to the question “How much health insurance do you need?” Well, it depends!

There are a lot of factors that you need to take into account to decide how much amount would be ideal for you; however, the most critical ones include:

  • The place where you live
  • Cost of medical procedures
  • Your medical history
  • Your monthly income

Top Riders your Health Insurance Policy Should Have
Once you have weighed in all of these factors and come up with the amount of coverage you want. It’s time to look at the various riders you can opt in. There are innumerable riders available in the market, especially since top health insurance providers are always trying to outdo each other by introducing new features in their insurance plans. If you are ready to buy yourself a health insurance plan, you can try HDFC ERGO, which provide many important benefits in its health insurance policies.

But First off, what’s a rider?

They are additional benefits offered on top of the insurance plan. Normally insurance providers would charge you additional money for the riders but they are capped at 30%. Now that you know what a rider is, let’s look at some of the most prominent ones:

Maternity Cover Rider
This is one of the most popular riders and one that you should definitely opt for. As the name suggests, a maternity cover rider will help cover all the expenses incurred during childbirth. You can also opt to include your new born into the policy (depends on insurer) but this will likely increase premium.

Room Rent Waiver
Insurance companies often put a cap on room rent, forcing you to shell money out of your pocket in case you opt for a better room. This rider will basically waive off that cap and allow you access to better rooms in a hospital without you having to shell out money from your own pockets.

Hospital Cash
Premiere health insurance providers in Indiaoften offer this add-on on our insurance plans. This add-on offers a fixed payout varying between INR 500 to INR 3000 on a daily basis in case of hospitalization for more than 24 hours. The payout can be more in case you are admitted in the ICU.

Critical Illness
This is one rider you must opt for, since it gives you added protection in case of serious illnesses. The critical illness rider will give you a lump sum amount and it’s the insured’s prerogative to use the amount for the treatment as well as any other expenses he/she may see fit. The critical illness plan can be either be bought as a rider as a separate add-on cover.

No matter which insurance provider you opt for, the point is that you should have a health insurance covering you in times of need. A comprehensive health insurance policy will not only provide you with peace of mind, but access to better healthcare. With so many policies out there to choose from, if you do a bit of research, we are sure that you will find one that’s custom tailored for your specific requirements.