How Much Sum Insured in Health Insurance Do Engineers Need?

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From the manufacturing of every capital goods to the need in the transportation areas, engineers are at the heart of developing the country. It is hard to imagine our daily lives without their expertise. With a lot of responsibility on their shoulders, engineers must also meticulously prepare for their own well-being.

With the rising healthcare costs, it is imperative to have a comprehensive health insurance plan for engineers. Continue reading to know the health insurance sum insured for an engineer and other details associated with it.

The Need For Health Insurance For an Engineer

If you think about it, engineers work in some sectors that generally involve a high level of risk. Engineers who are working in apparently safer environments are also prone to general and work-related health problems. That being said, health insurance is beneficial to the point of being necessary, as medical treatment is expensive in India and inflation makes it even worse.

ACKO health insurance plans provide a lot of benefits. From financial protection to preventive care that can help an engineer tackle any health problem requiring medical attention, an insurance policy will help to mitigate health issues with ease.

What Is the Ideal Sum Insured for an Engineer in India?

The ideal sum insured for an engineer depends on several factors. First of all, an engineer must consider any injury he/she can suffer at the workplace. Also, individuals need to consider the family size, type of employment, pre-existing health conditions, etc. to know their eligibility for the sum insured on the policy.

Go through the following pointers to get a better idea:

Ideal Sum Insured for a Single Engineer

ACKO Standard Health Plan would be the best health insurance plan for an engineer if he/she is single, as it caters to the primary needs of an individual, like cashless hospitalisation and expenses before, during and after the treatment.

Ideal Sum Insured for an Engineer With a Family

An insurance plan that covers the whole medical expense for all family members is ideal for an engineer with a family. ACKO Platinum Health Plan offers an unlimited sum insured and covers for up to 60 and 120 days for pre and post-hospitalisation expenses respectively.

Ideal Sum Insured for an Engineer With Ageing Parents

ACKO Platinum Super Top-up Health Insurance plan is ideal for an engineer with ageing parents. This plan offers a sum insured ranging from Rs. 10 lakhs to an unlimited amount. One other benefit of this plan is you can buy it without a primary health insurance policy.

Ideal Sum Insured for an Engineer With Special Needs Family Member

If you have a family member with special needs, coverage for high-end medical treatments with an unlimited sum insured is the right choice. The Unlimited ACKO Platinum Plan is the one that is perfect for these scenarios.

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 Engineers in India?

The Pradhan Mantri Jan Arogya Yojana (PMJAY) is a scheme that is completely financed by the government. The Prime Minister of India launched this scheme on 23rd September 2018 in Ranchi, Jharkhand. Here are some of the features of this scheme:

Offers a cover of Rs. 5 lakhs per family per year across public and private empanelled hospitals in India
Offers up to 3 and 15 days of pre and post-hospitalization expenses
This scheme has no limitation on the family size, gender or age
Includes approximately 1,929 procedures

While the PM-JAY scheme is very beneficial for Indian families, it can prove to be inefficient in covering for more expensive medical treatment.

How Much Premium Should an Engineer Pay For Buying Health Insurance?

The ideal health insurance sum assured for an engineer with a spouse (without children) must focus on covering the primary health care needs, emergency hospitalisation expenses, and others. A family with a child or two should consider a healthcare plan that covers maternal and child care along with the primary expenses.

However, if you have a larger family, going for a health insurance plan that can cover the healthcare needs of all the members is essential.

Estimate your health insurance costs with Health insurance premium calculator

Factors to Consider While Getting Health Insurance for an Engineer

Before you buy health insurance for an engineer or for your entire family, consider the following factors:

Go through the inclusion and exclusions of a plan and ensure that it covers illnesses and injuries that can arise due to your occupation.
Find a reliable insurance company.
Check the waiting period of the plan.
Have an in-depth understanding of the details regarding the coverage and the premium amount.
Check coverage for new-age treatments, room rent limit, daycare procedures, alternative treatments, etc.
Ensure that the insurer has a broad network of hospitals where you can get cashless treatment.
Understand the claim process in advance.

What Benefits Do I Get for Choosing ACKO?

As agents and brokers stay involved in selling traditional health plans, they do not offer similar coverage at the price ACKO offers health insurance policies using its online distribution model. Apart from the cost-effectiveness of our plans here are some other benefits that make us stand out in the market:

No waiting periods for Platinum plans
Zero deduction on claims
Covers pre and post-hospitalisation expenses
Covers critical illnesses
Offers useful Add-ons
Provides coverage for post-birth complications, and so on

Enhance your health insurance by exploring these unique benefits
Cashless Health Insurance	Room Rent Limit	Unlimited Sum Insured	Daily Hospital Cash Policy	Domiciliary Treatment

Why Is Raising Claims Easier With ACKO Policies?

Due to our digital-first approach, we can offer a hassle-free and swift claim reimbursement process. If a policyholder uses the ACKO app, raising claims or any other operation like checking the claim status is easier than ever. It is a one-stop solution for an engineer's insurance needs, from buying it to raising a claim.

Wrapping It Up!

In this day and age engineers are the true backbone of society who are constantly at work to keep the whole system running. A health insurance plan for engineers is like insurance for all the people who survive and thrive upon their contribution. The right health insurance is also one of the things that ensures the peace of mind of the family members of an engineer.

Whenever there is a medical emergency, such insurance policies provide the necessary support to the individual and his/her family. Now that you have a clear idea about the appropriate health insurance sum assured for an engineer, you should look for the best ACKO health insurance policy for you by navigating our website and getting an instant quote.

Frequently Asked Questions

Here are some of the frequently asked questions regarding health insurance for an engineer.

Do health insurance plans for engineers come with tax benefits?

Yes, if you opt for the old tax regime health insurance can offer a tax benefit under Section 80D of the Income Tax Act.

Is it beneficial for a self-employed engineer to buy health insurance?

Yes, it is especially crucial for a self-employed individual as he/she is not covered by any health insurance an employer provides.

Is it a good idea to buy health insurance online?

There are several advantages to buying health insurance online. You get cost-effective offers, compare insurance easily, enjoy more transparency, hassle-free and time-saving experience.

What is the maximum number of claims I can avail of during the policy period?

There is no limit to the number of claims you can raise. However, there can be out-of-pocket expenses only if your total claim amount surpasses the sum insured.

What are the documents necessary to file a reimbursement claim?

To file a reimbursement claim, you will need to produce the original medical reports, payment receipts, medical bills, and discharge summary, along with the claim form you have filled out.

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.