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With the latest changes brought on about IRDAI (Insurance Regulatory and Development Authority of India), health insurance plans now provide wellness benefits to policyholders too. These benefits provide value-added coverage if you maintain a healthy lifestyle. But are these wellness benefits worthwhile?
The worth of wellness benefits can be assessed by their scope. Under current health insurance plans, insurance companies allow the following wellness benefits to policyholders –
– Health monitoring and assessment
Health insurance plans allow you to track and monitor your health continuously. There are mobile applications that help you in monitoring your health and assess it for early signs of illnesses or diseases.
– Premium discounts for healthy living
This is, by far, the best aspect of wellness benefits. If you maintain a healthy lifestyle by exercising, walking, eating balanced meals and your health improves, you can avail of premium discounts on renewals. The discounts usually range from 5% to up to 25% which help in reducing premium costs.
– Health and wellness vouchers
Many health insurance plans also provide discount and gift vouchers against wellness programs like gym memberships, health supplements, medicines or pharmacy. These vouchers also help you save on the out-of-pocket expenses incurred on health-related spends.
Besides these commonly available wellness benefits you can also get free second opinions, tele-consultations with the insurer’s panel of medical experts, dieting and nutrition coaching, etc. The wellness benefits usually come inbuilt under the scope of the policy while in some cases it can also be offered as an additional add-on.
Why wellness benefits are beneficial?
There are many advantages that you can get from wellness benefits that are available in health insurance plans. Let’s have a look-
- For starters, wellness benefits motivate you to live a healthy life. When you get premium discounts for healthy habits and attractive gift vouchers, you would be motivated to exercise and eat a balanced meal. This reduces the chances of illnesses and the medical complications associated with them.
- By tracking your health regularly you can detect illnesses at the early stages itself. You can, then, get the right medical treatments with a higher probability of recovery.
- The vouchers and gift coupons that you receive can help you save considerably on health-related spending, especially if you are a fitness enthusiast.
Wellness benefits are, therefore, beneficial. They are definitely worthwhile since they provide value-added benefits. Besides offering discounts and gift vouchers, these wellness benefits also make you aware about your health. You get health related insights and resources to check your health on a regular basis.
So, embrace the wellness benefits offered by health insurance policies. They are usually offered as inbuilt benefits to highlight the USP of the plan and so, they do not cost an additional dime. Compare different health insurance plans on the basis of the wellness benefits offered to check which policy offers the most rewarding benefit. Then choose the best policy and make your health insurance plan not only a financial security tool but also the means of living a healthy life.
