How Much Sum Insured in Health Insurance Do Electricians Need?

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The job of an electrician is a wide-ranging and varied one, where they inspect, test, design and install electrical equipment. They are responsible for ensuring all the electrical appliances in our houses and offices work properly and safely. So if you are an electrician, you should know that we understand how hard you all work.

However, you should also consider the risks and health issues associated with your profession and take appropriate precautions to have a proper backup. Most importantly, make yourself financially stable during medical emergencies.

Therefore, if you are in the same profession and still haven’t purchased health insurance, read the blog further to learn about the requirement of health insurance sum assured for an electrician.

The Need for Health Insurance for an Electrician

If you are an electrician, your hectic working schedule can be concerning since it involves electricity. Even when you are unaware, health issues such as hypertension, shock, burns, and electrocution can happen, which calls for immediate medical attention. Besides, the increasing cost of medical treatments due to inflation makes it even more difficult to afford adequate medical treatments for individuals.

Therefore, it is crucial to consider your healthcare requirements and opt for a suitable health insurance plan at the earliest. Nevertheless, being one of the top insurance providers, ACKO can get you covered during phases like these. Its best health insurance plans for an electrician offer more affordable premiums as compared to other insurance companies available in the market.

Additionally, ACKO provides a variety of health insurance plans to accommodate the diverse interests of its clientele, increasing your chances of obtaining the ideal healthcare plan for all of your medical needs.

What is the Ideal Sum Insured for an Electrician in India?

To understand the ideal sum insured for an electrician in India, read the following pointers.

Ideal Sum Insured for a Single Electrician

If you are an electrician who does not have a family yet, you can go for the Standard healthcare plan by ACKO. Through this plan, you can get a sum insured ranging from Rs. 10 Lakh, Rs. 25 Lakh to Rs. 1 Crore. It also offers coverage over critical illness along with pre and post-hospitalisation and zero deductions on your claim.

Ideal Sum Insured for an electrician with Family

Also, if you have a family, you can go for the Platinum healthcare plan by ACKO through which you can get a higher sum insured ranging from Rs. 1 Crore to an unlimited amount. Hence this plan can provide you with financial coverage for the medical expenses of all your family members. Besides, you can also enjoy benefits like zero copayments and no waiting periods.

Ideal Sum Insured for an Electrician with Ageing Parents

If you have a family including ageing parents, ACKO's Super Top Up plan can be the perfect option for you, since you can purchase it without previously having any healthcare account. Through the plan, you can also get a higher sum insured based on the medical expenses of your ageing parents. Besides, you can also buy the standard plan to get the optimal coverage.

Ideal Sum Insured for an Electrician with Special Needs Family Member

If you have ageing parents in your family, ACKO's Super Top Up plan can be the ideal option for you, since you can purchase it without previously having any healthcare account. Through the plan, you can also aim for a higher sum insured considering the medical expenses of your ageing parents. Also, buying the standard along with it will provide you with optimal coverage.

Check out our different sum insured plans to see which one suits you best!
10 Lakhs health inurance	25 Lakhs Health Insurance	50 Lakhs health insurance	1 Crore health insurance	Unlimited Health Insurance

Is Health Insurance Free for an Electrician in India?

Indeed, electricians have the opportunity to enrol in complementary health insurance under the Ayushman Bharat Yojana, a noteworthy initiative spearheaded by the Government of India. The goal of this project is to increase access to universal health care, with a focus on serving the needs of those who are less fortunate financially.

A maximum total insured of Rs. 5 lakhs is available to participants under this healthcare insurance programme, including pre-hospitalization costs, prescription drugs, diagnostic tests, and other medical services.

Although the high monthly payments associated with using government hospitals are waived with these government-backed health plans, it's important to be aware that the coverage may not cover all medical costs. Since these costs are frequently dependent on the size of the family or certain serious illnesses, it is wise to carefully compare these alternatives to those offered by other insurance companies that give a bigger sum covered

How Much Premium Should an Electrician Pay for Buying Health Insurance?

Considering there can be various factors according to which the monthly premiums are set. Hence, it can never be possible to recommend one specific premium amount. However, among the several factors, family size plays a crucial role in determining the requirement of premiums.

Example 1:

In case you have not yet extended your family, living with your spouse, the Standard plan by ACKO can be the ideal option for you, with a sum insured of Rs. 10 Lakhs and above. This offers you lower premiums as compared to other comprehensive plans. Hence, it can be enough considering the medical expenses of yourself and your spouse.

Example 2:

If you have a nuclear family with one child and your spouse, you can go for a comprehensive plan with a higher sum insured of Rs. 50 Lakhs and above. This would provide coverage for add-on options like daycare treatments etc.

Example 3:

If your family includes your ageing parents along with more than one kid, you would require a higher sum insured with coverage for pre-existing diseases, pre and post-hospitalisation etc. In such cases, the Platinum plan can be the perfect option, which offers you a sum insured of Rs. 1 Crore to unlimited amounts.

Factors to Consider While Getting Health Insurance for an Electrician

There are various factors that you need to consider while choosing the right health insurance plan for you. However, given below are some of the crucial points to remember when opting for the best insurance plans for an electrician:

A network of hospitals available
Range of plans
Claim settlement ratio
Monthly premium rate
Claiming process
Waiting periods
Co-payment clauses
Discounts available
Coverage benefits
Customisation options

What Benefits Do I Get for Choosing ACKO?

The need for health insurance for an electrician is a serious concern. Hence you must aim for insurance providers whom you can rely on. There can be several benefits to buying a health insurance plan from ACKO. Some of these include the following:

ACKO offers a guide to health insurance for an electrician, offering different types of health insurance plans including a standard and platinum health plan, to suit the varied preferences of their clients perfectly.
ACKO’s standard plan offers to pay 100% of your medical costs, while other insurance providers can pay up to 85%. This makes ACKO’s insurance plans the perfect financial shield for you during medical emergencies.
With the ACKO Platinum health insurance plan, there would be no waiting periods initially that you have to face in case of others available in the market. Through this plan, you can also get up to Rs. 1 Crore and cashless hospitalisation in more than 14,000 hospitals in India.
ACKO’s health insurance plans also offer to cover specified illnesses along with up to 4 years of pre-existing diseases.
There will be no fixed copay or hospital room rent limit if you purchase a health insurance plan from ACKO.
With the ACKO Super Top Up health insurance plan, you can opt for a high sum insured, along with effective add-on coverage for critical illnesses and ambulance trips at affordable premiums.

Enhance your health insurance by exploring these unique benefits
Cashless Health Insurance	OPD Cover	Restore Sum Insured	Daily Hospital Cash Policy	Accidental Disability Cover

Why is Raising Claims Easier with ACKO Policies?

Understanding why bringing up a claim is noticeably easier when using ACKO plans might provide some fascinating insights. Several important factors to think about are:

The healthcare policies offered by ACKO provide several benefits, such as affordable premiums and customised healthcare options, which distinguish them from other insurance companies.
The customised mobile app that ACKO provides has an intuitive user experience that makes account information easily accessible. Additionally, its expedited claim procedure removes the burden of paperwork, guaranteeing prompt resolution.
The online platform of ACKO facilitates the buying of policies by eliminating the need for middlemen. By reducing distribution costs, this direct method not only improves affordability but also makes it easier to acquire affordable alternatives to health insurance.

Wrap it up!

Overall, considering the uncertainties associated with life, you need to aim for a higher sum insured to financially secure yourself and your family. Therefore, navigate to the official website of ACKO to learn about the ideal health insurance sum assured for an electrician. So start your healthcare journey today with ACKO and make your way towards the golden days ahead.

Frequently Asked Questions

The following are the frequently asked questions about health insurance sum assured for an electrician:

Is it mandatory for electricians to have health insurance?

Even though not mandatory, it is highly recommended to purchase a health insurance plan for Electricians, considering the health issues associated with their lifestyle.

Are there any tax benefits in health insurance for electricians?

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

Are critical illnesses covered in health insurance for electricians?

Yes, you can find different types of health insurance plans on the website of ACKO, that provides coverage for critical illnesses along with other benefits.

Is it possible to increase the sum insured?

No, it is not possible to increase the sum insured since every scheme has its policy period. You can not increase the sum insured within the policy period, however, you can apply for another health insurance plan if you need.

Which health insurance plan can be the ideal one for Electricians?

You can only choose an ideal healthcare plan for you based on your specific requirements of medical expenses, which is unique for everyone. Hence, make sure to visit the official website of ACKO to find the guide to health insurance for an electrician and learn how you can opt for the perfect healthcare plan based on your family size, illnesses etc.

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.