ACKO, one of India’s premier insurers, launches its most affordable family health insurance offering to date.
The Indian insurer with over 8 crore customers hopes that with the launch of its health insurance plans for family, Indian families from all walks of life will enjoy the benefits of affordable healthcare.
ACKO’s health insurance plans for families come at the right time for Indian consumers. Medical inflation in India falls anywhere between 12 and 15%. It is at an all-time high in the country and is outstripping general inflation at an alarming rate. This means more medical expenses for the average Indian family, regardless of its size. Often, low-income and middle-class families are caught unawares by medical emergencies. The country occupies the top position when it comes to out-of-pocket medical expenses in the world, according to some reports. This means that families are exhausting their life savings and potentially falling into the debt trap because of medical expenses. With ACKO’s family health insurance plan, the medical debt trap can be a thing of the past for many families, allowing them to save and use their money on other crucial expenses that can better their lives.
According to the National Family Health Survey-5 (2019-20), in 11 Indian states, less than 40% of families have health insurance plans. This leaves nearly 60% of the families vulnerable to rising healthcare costs. One of the main reasons for this is the recurring cost of expensive premiums, which need to be paid year on year. This is especially true when it comes to individual health insurance plans. But with a family health insurance plan like the one offered by ACKO, health insurance premiums are considerably lower compared to an individual health insurance plan. This makes family health insurance plans far more accessible and affordable to the average Indian family. They can get the protection they deserve without having to break the bank.
The family health insurance plans offered by ACKO come jam-packed with features and benefits that set them apart from other health insurance offerings. It offers the traditional coverage for pre- and post-hospitalization expenses. Other hospitalization coverages include ICU charges, ambulance fees, organ donor expenses, and the cost of treatment at home. Daycare treatments, which are often overlooked due to not requiring a full day’s hospitalization, such as cataract and dialysis, are also covered. The policies come from a trusted name with over 10,500-plus network hospitals where cashless claims can be used. This adds an extra layer of financial protection to the families.
Non-hospitalization expenses are also covered through ACKO’s family health insurance plans. Annual health checkups, which are key to preventative healthcare, are covered under non-hospitalization expenses. Telemedicine and consultation for second opinions also get coverage.
One of the main benefits of purchasing a family health insurance plan from ACKO is their 100% hospital bill coverage policy. Usually, health insurance companies only pay about 85% of the cost of a hospital bill. The rest of the cost needs to be borne by the policyholder, which can be a financial burden when the costs start adding up. This is because of clauses such as fixed co-pays, deductions, and sublimits applied to room rent and certain conditions. These conditions and clauses often become a hindrance to the policyholder, with nearly 20% of hospitalization expenses coming out of their pockets. With ACKO’s family health insurance plans, a policyholder doesn’t have to experience the pain of huge out-of-pocket medical expenses. While most ACKO health insurance plans come with a zero co-payment clause, certain plans also offer additional benefits, including zero deduction on hospital bills and no room rent cap, which can make a huge difference to the policyholder’s financial well-being.
Besides being affordable, ACKO’s family health insurance plans are also a hassle-free way to manage the entire family’s healthcare needs. Often, handling multiple health insurance policies within a single family can be cumbersome. This can at times lead to confusion with paperwork and missing renewal dates, which can get the entire policy cancelled. With ACKO’s family health insurance plan, managing the entire family’s health insurance becomes simple. Less paperwork and one manageable policy for everyone under the same insurer can save a lot of hassle.
Who is eligible for ACKO’s family health insurance plans
-
The minimum entry age for the plans is 18
-
The maximum entry age for the plans is 70
-
The plans cover the policyholder, spouse, children, parents, and parents-in-law. Up to ten members can be added to each plan
With ACKO’s family health insurance plans, many Indian families can finally breathe a sigh of relief. Being without a health insurance plan in this day and age is akin to being just one step away from complete and utter financial ruin. Contact ACKO today to secure your family’s health and wealth.
Media Contact
Company Name: ACKO General Insurance
Contact Person: Liviu Marcus
Email: Send Email
Country: India
Website: https://www.acko.com