Brief explanation about life insurance and supplementary health insurance

Supplementary health insurance or life insurance ???? The nature of these two insurance policies are completely different. But if we want to compare life insurance and supplementary insurance in terms of medical coverage , we come to the conclusion that these two insurance policies are complementary to each other. In today's society, where economic problems and unknown diseases plague people every day, having both life insurance and supplementary health insurance is one of the basic needs of every person.

Life insurance coverage

Natural death of the insured

Death due to an insured accident

Total and partial organ failure

Exemption from paying life insurance premiums in case of permanent disability

Payment of medical expenses in case of accident

Special disease fine

Supplementary medical insurance coverage

Paying paraclinical expenses (sonography, MRI, etc.)

Payment for laboratory services (cardiac scan, radiography, etc.)

The cost of surgery (brain, nerves, cancer, lung and liver transplant, etc.)

Paying for outpatient surgery (casting, circumcision, stitches, etc.)

The cost of eye surgery that includes refractive errors

Paying for glasses and hearing aids

Payment of dental expenses

Costs of visits, medicine and emergency services

Buying life insurance

Purchase of supplementary medical insurance

Cost difference in life insurance and supplementary medical insurance

Life insurance is a kind of investment and savings for people's future. In addition to this saving, the insured also receives insurance coverage such as compensation for death, disability, and compensation for special diseases and medical expenses due to accidents. Complementary treatment insurance is therapeutic in nature. It can be said that life insurance is a supplement to supplementary medical insurance. The difference in costs in life insurance and supplementary medical insurance is that in life insurance, interest is added to the paid insurance premium, but not in health insurance.

Having life insurance and supplementary medical insurance at the same time

Having life insurance and supplementary medical insurance at the same time does not contradict each other, and in fact, both insurances are complementary to each other, and it is better to buy both insurance policies. In case of an accident, you can use the insurance coverage limit of supplementary medical insurance and in cases where the coverage limit of supplementary insurance is not sufficient, you can also use life insurance coverage.

The difference in payment of damages in life insurance and supplementary medical insurance

Payment of medical expenses in life insurance and supplementary medical insurance are different. In supplementary insurances, insurance services are provided to you only by presenting the national card and paying the deductible in the medical centers of the contracting party with the insurance company. And when the medical centers are not parties to the contract with the insurance company, by submitting an invoice to the insurance company, the damage will be paid to you in at least 10 working days. But in life insurance, you have to pay the cost to use the coverage and provide the necessary invoices to the insurance company and file a claim.

The difference between the waiting period of life insurance and supplementary medical insurance

There is no waiting period in life insurance and you can use all the coverages by paying the first premium. However, in group and individual supplemental medical insurance, there is a waiting period for some special coverages (childbirth, chronic diseases, surgery, etc.) according to certain parameters. The duration of the waiting period for supplementary medical insurance can vary from 3 months to 9 months.

The difference in the commitment limit of life insurance and supplementary medical insurance

The limit of commitment in life insurance can be increased every year at the request of the policyholder, for example, the capital for special diseases is 10 million tomans in the first year and 15 million in the second year and so on. However, in supplementary medical insurance, according to the plans provided by the insurance company, the limit of obligations varies. In group medical insurances, according to the contract that the relevant company or organization arranges with the insurance company, the limit of obligations varies.

Difference in life insurance deductible and supplementary medical insurance

In insurance, the deductible is the part of the loss that is borne by the policyholder. In life insurance, there is no deductible for the use of medical coverage, but in supplementary medical insurance, the deductible varies from 10% or 30% according to the contract signed with the insurance company.

The difference in the limits of life insurance obligations and supplementary medical insurance

The limit of obligations in life insurance and supplementary medical insurance is proportional to the insurance premium you pay. In supplementary medical insurance, by paying more insurance premiums, you will benefit from more commitments. In life insurance, according to all these coverages, they are a percentage of the death coverage, and the death coverage is not calculated based on the insurance premium you pay, the insurance premium you pay monthly or annually, etc. affects the limit of your obligations. 

The best supplementary health insurance

Choosing the best supplementary health insurance depends on your budget and your health condition. Of course, it should be noted that price will not always be the main factor. Some insurance companies offer coverage at a lower price but do not provide satisfactory service. It is better for you to buy the best supplemental health insurance according to your needs. 

The best supplementary health insurance is the insurance that has coverages that are not covered by the basic insurances in addition to the basic coverages. For example, dentistry and glasses, etc. Also, buy supplementary health insurance from an insurance company that will provide you with better services, for example, pay your medical invoices in the shortest possible time. Note that the insurance companies that have the most contracts with reputable medical centers and provide online services are the best options for you to choose. 

Types of supplementary health insurance

Complementary treatment insurances are provided in the form of individual supplementary treatment insurance, group supplementary treatment and family supplementary treatment. 

Medical expenses payable in supplementary health insurance and life insurance

All the costs that are included in the supplemental health insurance and life insurance contract will be available after the first premium has been paid. In the supplementary medical insurance, except for the cases that include the waiting period, the remaining coverage from the start date of the insurance policy can be used. In life insurance, after paying the first premium, all coverages are activated.  

Differences in the exclusions of life insurance and supplementary medical insurance

In every insurance policy, there are conditions and exceptions for payment of damages, and definitely in every insurance policy, the exceptions are different from other insurances. In order to make a more accurate purchase, it is better to read the general conditions of the insurance policy before purchasing. 

Necessary documents to buy life insurance and supplementary medical insurance

In order to purchase life insurance, identification documents (copy of birth certificate and copy of national card) are required, as well as a form to select coverage and your health status must be read and completed by you. In supplementary medical insurance, identification documents are also required and a health questionnaire must be completed.  

Age limit in life insurance and supplementary medical insurance

In supplementary medical insurance, the age limit is applied to people over 60 years old. This means that people over 60 years of age must pay a higher premium to use supplementary medical insurance. And some insurance companies do not insure people over 70 years old.

Necessary conditions for buying life insurance and supplementary medical insurance

According to the above information, if you have the necessary conditions to buy life insurance and purchase supplementary medical insurance , visit the Baha Baha website or call 44223060 for more information and advice. 

The difference in the duration of life insurance and supplementary medical insurance

Supplementary medical insurance is concluded with a one-year contract, and you can change the coverage and conditions of your insurance policy for each year, and you have to pay a different premium for each year. It is not possible to change the covers in this year. In life insurance, the term of the policy is determined at the beginning of the contract, and the coverage is also set at the beginning of the contract. The term of life insurance varies from 5 years to 30 years. If you want to increase the coverage in the middle of the insurance policy, it is possible with a written request to the insurance company and medical examinations and tests

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