What's inside? 🧐
- Introduction
- What are Modern Treatments?
- Does Health Insurance Cover Modern Treatments?
- Benefits Of Modern Treatment In Health Insurance
- How Do You Evaluate the Coverage of Modern Treatments While Buying a Policy?
- Modern Treatment Plans In Health Insurance
- 5 Points to Remember Before Availing of Modern Treatment Coverage
- How Do Limits on Modern Treatments Affect You in the Long Run?
Introduction
The future of healthcare is shaping up in front of our very eyes. By blending itself with technologies, such as artificial intelligence, VR/AR, 3D-printing, robotics or nanotechnology, healthcare is revolutionising.
Brain-computer interfaces are helping restore the ability to speak and move in patients who have lost these abilities. Modern technologies are also improving the quality of life for patients with ALS, strokes, or spinal cord injuries.
Treatments are becoming more proactive, personalised, and convenient than ever before. And of course, we all want to avail the best of everything.
However, as treatments become more advanced, their complexity and costs of R&D increase. This makes modern treatments quite expensive.
So does Health Insurance cover such treatments? If so, are there any T&Cs, exclusions? Let’s find out!
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What Are Modern Treatments?
These are treatments that use ultra advanced technologies, like - radio surgeries, stem cell therapy, etc. Keeping pace with the science and embracing the latest tools, they seek to cure the incurable.
For instance, Robotic Spine Surgery is a minimally invasive neurosurgery process, where robotic technology is used to assist the surgeons. It reduces blood loss, time in surgery, and radiation exposure in the operating room. Hence, the patient can heal more quickly and safely than with traditional open surgery.
The flip side of such modern treatments is that they are quite expensive, because of the innovative new technologies used. The costs of getting the above-mentioned Robotic Spine Surgery done, across 15 cities in India in Indian Rupees (INR), are as follows -
City | Lowest Cost (INR) | Average Cost (INR) | Highest Cost (INR) New Delhi | 5,00,000 | 6,00,000 | 7,50,000 Mumbai | 5,25,000 | 6,25,000 | 7,75,000 Chennai | 5,25,000 | 6,25,000 | 7,75,000 Bangalore | 5,50,000 | 6,50,000 | 8,00,000 Hyderabad | 5,75,000 | 6,75,000 | 8,25,000 Ahmedabad | 5,50,000 | 6,50,000 | 8,00,000 Nagpur | 5,00,000 | 6,00,000 | 7,50,000 Pune | 5,25,000 | 6,25,000 | 7,75,000 Gurgaon/Gurugram | 5,00,000 | 6,00,000 | 7,50,000 Kolkata | 5,75,000 | 6,75,000 | 8,25,000 Chandigarh | 5,50,000 | 6,50,000 | 8,00,000 Jaipur | 5,25,000 | 6,25,000 | 7,75,000 Noida | 5,00,000 | 6,00,000 | 7,50,000 Thiruvananthapuram | 5,25,000 | 6,25,000 | 7,75,000 Panaji | 5,50,000 | 6,50,000 | 8,00,000
[Source: MyInsureBuddy Research]
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Does Health Insurance Cover Modern Treatments?
Fortunately, as per IRDAI’s guidelines, health insurance covers as many as 12 modern treatments under the 'Modern Treatment Benefit'.
List Of Modern Treatments In Health Insurance