How Much Sum Insured in Health Insurance is Needed for an HR Professional?

Even the smallest company requires human resource professionals to maintain a positive work environment. Human resource professionals have a lot to offer a company or organisation, such as hiring, retaining, firing, and staying up to date on any regulations that may influence the company and employees.  

However, like other individuals, HRs can face many stress-related and other health issues that can cause a sudden financial strain. Thus, to safeguard their future, HR Professionals should think about getting health coverage. This blog will provide extensive information on health insurance sum assured for an HR Professional. 

Healthcare costs are becoming unmanageable due to inflation, affecting every aspect of a person's life, not just health care. Hence, everyone should get a health insurance policy to safeguard their medical expenses because life is unpredictable.

HR professionals encounter a range of health risks, making it crucial for them to access the best health insurance plans. ACKO health insurance plans offer a comprehensive defence against several unanticipated medical circumstances. 

To meet the demands of their customers, ACKO also provides a wide range of health insurance plans. Besides many more advantages, you will also get extra add-on covers. For a comprehensive overview of health insurance for HR professionals, keep reading. 

Even if there is no free health insurance plan designed exclusively for HR professionals, you can apply for several government programs. Nevertheless, you must meet the standards of these schemes.  

In 2018, the Indian government launched the Ayushman Bharat project. The Pradhan Mantri Jan Arogya Yojana (PM-JAY) aims to provide free medical treatment to financially impoverished sections of Indian society. 

This insurance policy is available both online and offline. Thus, before viewing these scheme details, ensure you meet the criteria. The PM-JAY scheme provides the following coverage: 

However, these schemes will not be beneficial to cover the expenses of expensive medical treatments. You must buy a high-coverage health insurance to enjoy the benefits of comprehensive healthcare coverage.

It is a good idea to allocate half of one's yearly salary towards various investment vehicles, including health insurance coverage. Moreover, many variables could affect your premium rate, including your age, the size of your family, your current health, and the plan you have chosen, making it impossible to pinpoint the ideal rate. 

For example, HR professionals can buy a standard health insurance policy, as these plans are enough for an individual during emergency treatment and offer salient medical coverage. 

On the other hand, family members need comprehensive health insurance coverage. In addition, it must be greater than the maximum amount you can claim to cover all medical costs. 

Estimate your health insurance costs with Health insurance premium calculator

Making the right insurance plan choice for your family is crucial for ensuring the greatest possible medical coverage down the medical journey. 

Before you start to invest in health insurance plans, an HR professional should take the following factors into account. 

Every individual, including the HR professionals, must have the necessary health insurance policy. As unexpected medical emergencies can occur suddenly, purchasing health insurance is a necessity in today's world.

The ACKO mobile app makes it quick and convenient for you to submit or file claims. It has a user-friendly interface where you can manage your insurance-related duties with only a few clicks.  

You may renew your coverage or file a claim immediately using the ACKO app. Being India's digital-first insurance provider, ACKO reduces the need for third-party platforms or agents, resulting in lower operational expenses. It means its plan is substantially less expensive than those supplied by other insurers.

Each company requires at least one HR Professional. They must understand the organisation's needs and ensure they fulfil those needs while recruiting for fresh hires. It is not as simple as posting an online advertisement, as they have to analyse the market, involve stakeholders, and manage finances. Indeed, HR professionals do not perform physical labour, but their work still demands a lot of mental effort. 

It could result in severe stress-related health issues, for which you should have health insurance. Now that you have learned about the health insurance sum assured for an HR professional, you can view our plans on the website and get an online quote.