Why Voluntary Health Insurance Scheme (VHIS) Benefits You

What are the benefits of being part of a VHIS scheme? Find out in this article!

What is VHIS?

Voluntary Health Insurance Scheme (VHIS) is a government-sponsored health insurance program in India. It was introduced in 2007 with an aim to provide affordable, quality and comprehensive medical care to the citizens of India.

Under VHIS, eligible individuals are able to purchase a health insurance policy from a private insurer. The policy covers hospitalization, outpatient treatment and preventive health services.

The main advantage of being a part of VHIS is that it offers you access to a wide range of health services at subsidized rates. In addition, the scheme provides financial assistance to those who cannot afford to pay for their medical expenses.

Apart from providing you with quality healthcare, VHIS also helps reduce the burden on the government budget. According to the Indian Express, the scheme has saved the government over Rs 20,000 crore in its six years of operation.

Benefits of VHIS

Voluntary health insurance scheme, also known as VHIS, is one of the best benefits that you can avail if you are looking for affordable medical care. Here are some reasons why you should sign up for VHIS:

1. It is affordable: The premiums for VHIS are comparatively lower when compared to other insurance schemes like Employees’ State Insurance and National Pension Scheme. This means that you can save a considerable amount of money by opting for VHIS.

2. You can get quality medical care: VHIS offers access to a wide range of healthcare services, including treatments for minor illnesses, hospitalization and surgeries. This ensures that you get the best possible care at an affordable price.

3. It covers critical conditions: If you are unfortunate enough to experience a critical illness, VHIS will provide coverage for all your expenses incurred during treatment. This includes hospitalization, medications and other treatments required to recover from your illness.

Why do We Need Voluntary Health Insurance?

Voluntary health insurance schemes are a great way to protect yourself and your loved ones in the event of an unforeseen medical expense. Here are some reasons why you should consider joining a VHIS:

-You can choose the coverage that is best for you. There is no limit on the amount of money you can spend on premiums, and you can select from a variety of benefits and providers.

-You can get coverage for yourself, your spouse, and any children under 18 years old who are living with you.

-You can change or cancel your coverage at any time without penalty.

-There is no need to go through an insurance company or deal with long wait times. VHISs are operated by private, nonprofit organizations.

What does the Future Hold for VHIS?

Voluntary Health Insurance Scheme (VHIS) benefits you in a few ways. Firstly, it offers you peace of mind in the knowledge that you and your family are covered in case of an illness or injury. Secondly, it can help to reduce the cost of medical treatment, as your insurance provider may be able to negotiate lower prices with doctors and hospitals. Finally, VHIS can also help you to build up savings should you need to use them for an unforeseen medical expense.