What Is Convalescence Benefit in a Health Insurance Policy?

The medical inflation in India is on a rise. To combat this soaring treatment cost, some form of financial backup is essential. A health insurance policy serves as a safety net wherein necessary financial assistance is available for medical expenses. In addition, mental peace is guaranteed knowing you have one less thing to worry about when it comes to medical exigencies. 

When you are looking for health insurance plans, there are various benefits that are available, one such feature is the convalescence benefit. 


Convalescence Benefit - Meaning

Generally, most health insurance companies cover the cost of hospitalisation and its treatment. However, that isn’t enough in present times. While some treatments are completed within the span of hospitalisation, it is not always that it happens. In some situations, the duration of treatment is longer, be due to nature of disease or critical nature of treatment. At such times, this convalescence feature comes handy. 

The insurance company pays a lumpsum amount towards the recovery cost. Some insurance companies may deem a duration of seven to ten days as the condition to receive such convalescence benefit, but it is recommended to confirm this with your insurer. This convalescence benefit is a compensation offered by your insurer for the loss of income during the period of hospitalisation. There can be hefty costs of medical treatment, post-discharge medical bills and more. All these expenses can be comfortably covered under the convalescence facility. 


Other features of convalescence benefit

Apart from lumpsum pay-out to make up for the lost income opportunity and manage post-treatment costs, convalescence benefit also covers the cost of family visits. Say your relatives wish to visit you and they reside at a far-off place. This feature covers the cost of travels for such family visits. 


When to claim?

The convalescence benefits can be claimed during the post-hospitalisation stage. This recuperating period is defined differently by each insurance company and a detailed mention will be found in your policy document. Further, a thorough reading of the policy documents will help you know the exact amount of benefits offered under such convalescence feature. It is better to read your policy terms since any capping to such amount is mentioned therein. 


Other benefits to look form apart from convalescence benefit

Medical check-up: Be it health insurance plans for family or individual plans, most of them have medical check-up facility. With this feature, it helps in early diagnosis and treatment of ailments. Some insurers allow this check-up to be taken during the policy tenure or at each renewal date. Depending on the results of these tests, some insurers may increase or decrease the premium. 

AYUSH treatment: Alternative forms of medication are gaining popularity during the last few decades. For such reason, a policy with coverage for such alternate forms of treatment can be helpful for those who do not prefer allopathy and yet have insurance cover. Homoeopathy, Ayurveda, Naturopathy, Unani, Yoga, etc. are some alternative treatments covered by insurers. 

To conclude, all health insurance policies cover hospitalisation costs. Looking for a policy that offers more than just hospitalisation expenses can help you make the most of your policy. At such times, comparison can be difficult. So, make use of a health insurance premium calculator that helps you shortlist polices based not only premium, but also additional benefits offered by it. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.

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