What is Health Insurance
Health Insurance guards against unforeseen cash flows and financial hardships arising due to ailments, accidents and other natural causes necessitating Hospitalization.
By paying a nominal amount of premium, one ensures:
Peace of mind:
The cost of medical treatment is very high, especially in case of Dread Diseases, and escalating at a rate of more than 30% per annum. By acquiring health insurance the employers have peace of mind and they do not fear the uncertain and urgent need of funds needed to nurse the unexpected affliction.
Quality Health Care:
A particular concern in any health insurance is the quality of service provided. Whenever Shaheen Insurance enters into an agreement with the hospitals, it always lays stress upon the service quality. The insurance companies have a big clientele of many companies, so the hospitals are themselves careful of the service they provide to the insured persons.
Greater Employee Benefits:
A Company would usually put limits on the medical benefit provided to the employee depending on the cash flows it can afford. In Medical Insurance, since the insurance company caps the risk with a very low premium, the employer with the same cash flows can offer extreme limits to the employees.