Month: May 2023

According to specialists, a yearly physical examination is required. The average person may view a yearly physical exam as an unnecessary expense, but those with health insurance are entitled to this service at no cost. *

Some health insurance policies cover annual health examinations, entitling the insured to a complimentary physical exam annually. The annual medical exam aids the insured in determining their current state of health and susceptibility to disease. *

List of Medical Tests Covered by Health Insurance:

Your health insurance plan will cover the most common medical exams each year, including:

• Blood sugar test
• Blood pressure exam
• Complete physical examination and enumeration of all blood cells
• (Culture and Custom) Evaluation for micronutrient deficiencies
• Evaluation of renal function
• Lipid profile

Benefits of Purchasing Health Insurance with Annual Physical Exams:

Listed below are the most important benefits of purchasing a health insurance plan with an annual health exam benefit:-

• Unquestionably, annual health examinations are beneficial for monitoring your health and reducing anxiety. The primary advantage of annual medical exams is that they aid in the early detection of diseases. *
• Beginning treatment at the opportune time enables the patient to prevent the dissipation of the disease before it gains a foothold. Long-term savings can be realised by investing in medical insurance coverage, including free annual exams. A prompt diagnosis also eliminates the need for costly procedures and treatments.##
• Annual health examinations inform the insured about their physical condition. It makes it easier for them to choose a healthy lifestyle and maintain fitness, ameliorating underlying medical conditions.*

Does every health insurance policy cover yearly physicals?

No, not every health insurance plan covers yearly exams. However, with a health insurance premium calculator, the most extensive plans include annual health examinations and help policyholders save money.##

Important Considerations When Purchasing Health Insurance

When searching for family health insurance plans health insurance, consider the following factors:

• Determine how frequently your health insurance covers annual physicals. It should be available annually upon enrollment in a health insurance plan.
• No Claim Clause – Various health insurance plans only cover the cost of health examinations after a certain number of years or under specific conditions. After purchasing health insurance, you should therefore guarantee that you have access to annual evaluations.*
• Cashless Benefit- Most health insurance companies only offer cashless annual health examinations at their approved facilities. Determine whether your insurer has contracted diagnostic labs for cashless annual medical examinations.*
• Insurance covers Medical Exams – Verify the list of covered medical tests before obtaining an annual physical covered by insurance. The policy serves an only purpose if it covers necessary medical examinations.*
• Most health insurance policies base the number of tests covered during annual physicals on the policyholder’s selection of the sum insured. *
• Consequently, ensure that your family health insurance plans cover medical evaluations proportional to the amount insured, and act accordingly. *
• Avoid selecting more coverage than is necessary, as this will increase your premium.

To conclude, yearly medical exams are the most effective method for monitoring a person’s health. Once you obtain health insurance, you are alleviated by the anxiety associated with annual medical exams necessary to monitor your ongoing health.

*Standard T&C Apply

## All savings are provided by the insurer per the IRDAI-approved insurance plan. Standard T&C apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

Car insurance is very beneficial. It protects you from the financial repercussions of various unfortunate events and provides complete peace of mind while driving. You are covered against accidents, theft, flooding, vandalism, earthquakes, and several other man-made and natural disasters with a comprehensive auto insurance policy. Depreciation, however, is not covered by a standard automobile insurance policy.

Depreciation is the reduction in your automobile value and its components due to normal wear and tear. In the event of a claim, the insurance company will provide compensation based on the vehicle’s and its components’ depreciated value. The policyholder must cover the difference between the depreciated value and the cost of the replacement of parts.

You can avoid depreciation and its impact on your claims by selecting the depreciation waiver or the zero dep in car insurance add-on. With this optional coverage, you will receive complete compensation for replacement parts. This will ensure greater compensation and reduced out-of-pocket costs in the event of a claim.*

Amazing, isn’t it? Want more information? Let’s examine the operation of depreciation waiver or zero depreciation auto insurance.

What Are The Advantages of Zero Dep or Depreciation Waiver Auto Insurance?

Are you unsure whether to choose standard coverage or zero-dep auto insurance due to car insurance prices? Truthfully, the latter has several incredible advantages that will offer you greater peace of mind whenever you get behind the wheel. To assist you in making an informed purchase decision, we have enumerated a few of these advantages below.

1. Offers a larger compensation in the event of a claim

Suppose you do not have zero depreciation auto insurance and must file a claim. You will be compensated for replacements based on the depreciated value of the components.

This can result in much lower payouts, particularly considering the depreciation rate on your car’s various components: 50% on plastic, nylon, and rubber components, 30% on fibre components, and 5% to 50% on metallic and wooden components.*

Fortunately, zero dep in car insurance or depreciation waiver auto insurance does not factor depreciation into claim settlements. This can guarantee a much higher compensation for replacement parts.*

2. Better finances

Since zero depreciation auto insurance provides higher reimbursements, it minimises out-of-pocket costs. This ensures that you will not be required to pay for replacement parts out of your pocket in case of a claim.*

3. Affordable

Given its excellent coverage, you would assume that zero-deposit auto insurance would have a very high premium. On the contrary, this optional add-on is relatively inexpensive. Adding zero depreciation coverage to your comprehensive auto insurance policy should be reasonable.*

Who Should Purchase Auto Insurance With Zero Depreciation?

Are you still trying to decide whether to purchase zero-dep cover? This is entirely understandable. Ultimately, this form of protection is only appropriate for some. It has greater value for some car proprietors than for others. Considering this, we have identified a few vehicle proprietors who could greatly benefit from zero-depreciation car insurance.*

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* Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.