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How Much Sum Insured In Health Insurance Is Needed for an Accountant?

ACKO health plans offer 100% claim amount, no room rent limits, and coverage for multiple ambulance trips. Get comprehensive health insurance for an Accountant starting @Rs. 20/per day*

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Home / Health Insurance / How Much Sum Insured In Health Insurance Is Needed for an Accountant?

The accounts department is one of the important parts of a company or organisation. An accountant is responsible for organising, inspecting and maintaining tax and financial documents of an entity. 

Their job does not include any physical labour however their work includes immense brain work. Extreme stress can often lead to various chronic diseases for which one must have health insurance. Below, you will get a comprehensive idea about health insurance sum assured for an accountant. 

The Need For Health Insurance For An Accountant
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Due to high inflation, every aspect of an individual's life is getting affected including accountants. With the high health care expenses, one can be fully financially drained when it comes to medical care expenses. Henceforth, if you are thinking of buying health insurance, wait no further and go for it. 

A health plan acts as a safety net as it provides financial protection against any unforeseen medical emergencies. Life is unpredictable, thus everyone including accountants must be ready to combat any unexpected healthcare emergencies. Additionally, their job role includes long screen times and too much stress which can lead to exhaustion, chronic eye conditions, etc.

ACKO offers a wide array of health insurance plans to meet every need of all policyholders. Besides, every ACKO health plan comes with varied features which makes them stand out among other Indian insurance providers. 

What Is the Ideal Sum Insured for an Accountant In India?
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The ideal sum insured (maximum claimable amount) varies from one individual to another as everyone has their own set of unique requirements. There are several factors on which your sum insured will vary from another person like your age, family size, inclusions, etc. For your better insight, read below to know more about it.

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Ideal Sum Insured for a Single Accountant
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For a single accountant, the ACKO Standard Health Plan is ideal as it provides enough sum insured ranging from Rs. 10 Lakhs up to Rs. 1 Crore. The standard plan provides varied coverage like critical illness coverage, pre & post-hospitalisation coverage, ambulance tips coverage, and a lot more. In addition, one can enjoy zero deductions on their filed claims. 

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Ideal Sum Insured for A Accountant With Family
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An accountant with a family should consider buying the ACKO Platinum Health Plan to get a higher sum insured starting from Rs. 1 Crore to unlimited. This plan is perfect for families as the sum insured is more than enough to cover the medical expenses of the entire family. Additionally, one will get to enjoy zero waiting periods along with zero co-payment.

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Ideal Sum Insured for A Accountant With Ageing Parents
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If an accountant has a family including aged people, in that case, they must opt for an ACKO Platinum Super Top-up Health Plan as it allows the customer to purchase it with or without a primary health insurance account. By availing this plan, one can enjoy having a higher sum insured up to unlimited. Additionally, buy this plan along with the ACKO Standard Health Plan to get optimal healthcare coverage. 

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Ideal Sum Insured for A Accountant With a Special Needs Family Member
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For an accountant with a family member who needs special medical care, in that case, one must opt for the Unlimited ACKO Platinum Health Plan to get an unlimited sum insured. This plan will bear approved healthcare expenses which one might face in future. Additionally, it will provide multiple ambulance trip coverage, domestic emergency evacuation coverage, and a lot more

Is Health Insurance Free for Accountants In India?
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Yes, one can get free healthcare coverage from the Government of India under the Pradhan Mantri Jan Arogya Yojana(PMJAY) Scheme This scheme was launched on 23rd September 1028, aiming to help the weaker economic sections of India. 

In addition, it is the world's largest health insurance scheme which one can apply to after meeting a few eligibility criteria. By having an Ayushman Bharat card, one family will get Rs. 5 Lakhs of sum insured annually.

One will get varied inclusions under this health insurance scheme like pre-existing disease coverage, pre & post-hospitalisation expenses, accommodation benefits, and many more. In order to know the eligibility criteria, read below.

PM-JAY Scheme (For Rural)
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Pm-Jay Scheme (For Urban)
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How Much Premium Should an Accountant Pay for Buying Health Insurance?
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Stating a fixed ideal premium rate is not possible as it differs on varied factors like inclusions, family size, and sum insured. Among all the things, family size plays a vital role as premium rates differ drastically on this factor. 

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Scenario 1: An Accountant With a Spouse
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For such a family size, an individual must choose a standard health plan which will easily cover all the basic medical expenses along with other healthcare emergencies for oneself and their spouse. In such cases, premiums are much lower than the comprehensive health plan premiums. 

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Scenario 2: An Accountant With a Spouse & a Child
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In such cases, one must consider buying a comprehensive health plan which provides a high sum insured along with other useful add-on covers like non-medical expenses, daycare treatment, and many more. Henceforth, the premium will differ from the one who is opting for a standard or more comprehensive health plan.  

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Scenario 3: An Accountant With a Big Family (Approx. 6 Members)
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In such a big family including elderly people, an accountant should consider purchasing a health plan which offers a higher or unlimited sum insured. Additionally, you must look for some other factors like pre-existing disease coverage, critical illness coverage, etc. In such cases, the premium will be higher than those who are opting for basic health plans. 

Factors To Consider While Getting Health Insurance for an Accountant
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Health insurance has become a necessity in today’s world due to inflation and critical health problems. However, one must be careful while choosing the right health insurance plan to ensure optimal healthcare coverage. Here are some of the key factors which you must consider before buying the best health insurance plans for an accountant. 

What Benefits Do I Get for Choosing ACKO?
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ACKO Health Insurance Plans come with varied features and benefits which will suit every need of an individual. In addition, their unique features along with additional non-medical covers make them stand out compared to other insurance companies. For your better insight, here are some of the features of the following ACKO health plans. 

ACKO Standard Health Plan
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ACKO Platinum Health Plan
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ACKO Platinum Super Top-Up Health Plan
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Why Is Raising Claims Easier With ACKO Policies?
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ACKO is India's first digital insurance company eliminating all the additional operational costs. This makes the ACKO health plans more affordable than other health policies offered by traditional insurance providers.

In addition, ACKO comes with online applications which will ease your insurance-related activities easily and fast. With a user-friendly interface, one can purchase new plans, renew their policies, file claims, and a lot more. Henceforth, ACKO applications are a stop solution for all kinds of insurance needs. 

Wrapping It Up!
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Health insurance, also known as medical insurance, is a basic need of every individual including accountants. Life can bring various unforeseen medical problems which can bring massive financial strain in your pocket. Thus, purchasing the right health insurance sum assured for an accountant is very important. Navigate through the website to get a detailed idea about varied ACKO health plans. 

Frequently Asked Questions About Health Insurance for an Accountant
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Have a glance at the below-listed FAQs about health insurance-related an accountant.

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1. What is the waiting period for health insurance?

The waiting period, also known as the cooling period is the time duration after a health plan is brought to the time it is active to avail. Remember, ACKO provides zero waiting period for ACKO Platinum Health Plan.

2. What is the co-payment clause?

Co-payment is the pre-determined claim amount which a policyholder needs to bear from their pocket regardless of the claim amount. Usually, the percentage varies between 10% to 30% and is mostly insisted under senior citizen health insurance policies. Note that ACKO offers zero co-pay to their policyholders. 

3. Can I apply for the PM-JAY scheme only?

Yes, you can easily apply for a PM-JAY scheme online through the official website of the Ayushman Bharat Yojana. Just navigate the website and with a few clicks, you will apply and get an ABHA ID

4. Are there any tax deductions on health insurance?

Yes, you can get tax deductions from Rs. 25,000 to Rs. 1 Lakhs on the premium you made towards your medical insurance. 

5. What are deductions on claims for accountants?

It is the amount which an account holding a health insurance policy needs to pay if the claim amount exceeds the deductible amount. Buy health insurance from an accountant to get zero deductions on your filed claims.

Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.