Login to Internet banking
A brand-new experience - smarter, faster, and secured
Introducing the First-in-industry IDFC FIRST Bank's Super Account
Request a Callback
You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
Know More
Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
Know More
Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
Know More
A Card that Powers your Savings & Lifestyle
IDFC FIRST Bank HPCL Credit Card
Most Searched
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account Now
Download our app
Get instant help for all your queries in one place
Explore Personal
- Accounts
Tools & Calculators
Privilege Program
- Privilege Program
Unlock features, exclusively available
only on the IDFC FIRST Bank app
FinFIRST Blogs
A plain and simple health insurance cover is good enough for diseases and illnesses that are correspondingly simple. However, now and then, a health insurance policyholder realises with regret that his or her health policy doesn't cover something essential. This is why most modern health insurance policies are bought along with optional health insurance riders – designed to cover specific medical and healthcare-related needs.
On Universal Health Coverage Day, let's learn about some of the essential riders that any existing or new policyholder can benefit from.
Room rent waivers
If you go through your policy document or are looking for a policy to buy, you may have a look at the room rent section. Most policies limit the amount you can claim as hospital room rent or charges. Typically, it can be a specific amount or a percentage of the sum assured. For instance, if your room rent is Rs 2000, but your health cover has a room rent cap of Rs 1000, you won't be able to claim the additional Rs 1000. This extra coverage will help you reduce your hospitalisation costs considerably, especially as you may be in the hospital longer than expected.
Maternity cover
Maternity cover allows you to claim expenses related to childbirth, including any expenses incurred towards the wellness of the newborn child. Maternity cover may have a waiting period during which no claims would be admissible. Maternity cover is vital as many standard health insurance policies don't cover pregnancy, labour and infant care expenses or have a low cap.
Hospital cash
Treatment is not the only cost of hospitalisation. You would have to face significant expenses during hospitalisation, like daily food, accommodation, and travel expenses of those taking care of you. It can also lead to a loss of pay during the period of hospitalisation or part thereof. Hospital daily cash cover offers you a daily cash allowance in case of hospitalisation. The number of days of hospitalisation required to activate this cover and the amount of allowance would vary from insurer to insurer.
Critical illness cover
The treatment of a critical illness can be an expensive affair. A critical illness cover provides cover against major diseases, and the list of such diseases are often specified while buying critical illness health insurance riders. Such critical illnesses may cost more than the sum assured amount of standard health insurance policies. The critical illness rider tackles this by providing a lump sum amount to the insured person if he or she is undergoing critical illness treatment.
Personal accident
The policyholder can add a personal accident rider to their health insurance policy by paying a small increment. This covers consequences of a personal accident like permanent disability, partial disability, accidental death etc. The assured amount would vary depending on the disability. Total permanent disability would have a higher compensation while loss of an eye, for instance, would be lesser. Accidental death can lead to the release of as much as twice the sum assured amount.
Surgical benefit
It is an additional cover that can be used to cover the cost of surgery. It can be availed if the policyholder has a basic health plan and the comprehensive cover has not been availed.
OPD cover rider
Medical expenses incurred without getting hospitalised can be covered under the OPD cover. With rising medical costs, even an OPD treatment can cost a fortune. Without hospitalisation, most health insurance policies wouldn't cover the same. This is why OPD cover is separately opted by many policyholders.
So, the next time you renew or buy your health insurance policy, make sure you take note of the various health insurance riders available. This will help you protect yourself and your loved ones from financial stress during medical emergencies.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.
Summarize with AI
