Currently there are several types of insurance that you can choose from, for example health insurance and life insurance. However, some people still don't know the difference between health insurance and life insurance.
While insurance products are favored by the public as a form of preparing for the future. Therefore, you must know the difference between these two types of insurance.
The difference between Health Insurance and Life Insurance
- Has a Different Definition
Health insurance is an insurance product that is useful for providing financial protection. Financial protection can be provided if the insurance policyholder experiences health problems, be it due to illness or accident.
Financial protection is provided, such as guaranteeing costs related to health care in the form of hospitalization costs, doctor consultation fees, drugs, infusions, and surgeries that have been adjusted in the policy provisions.
In addition, health products offer several other benefits such as outpatient, inpatient, and dental care. Meanwhile, life insurance has a different meaning.
Life insurance is insurance that covers financial losses if the customer dies or experiences total disability due to an accident. The insurer will provide coverage to the heirs, depending on the amount of premium the customer has paid.
A large sum insured is adjusted and followed by a higher premium rate. The heir appointed by the customer is a family member, or also another person, when the insured dies, the sum insured from life insurance will be given to the heirs.
- Different Benefits and Purposes
After knowing that the two insurances have different definitions, the benefits and objectives of insurance are of course different. Although basically insurance is useful as a form of protection or protection if something happens in the future.
The benefits and objectives of the first health insurance are outpatient services. Examples include drug prescriptions, laboratory fees, doctor consultations, and so on.
Second, there is an inpatient service. Examples include hospital room costs, labor costs, emergency services, surgery costs, and so on.
As for the benefits and purpose of life insurance, it is to provide sum assured when you die. In addition, by using life insurance, customers will have savings in old age.
Because life insurance can also be provided to customers with disabilities, there is a sum assured for permanent disability. In addition, the customer will also receive sum assured if he loses his job due to disability due to an accident at work.
- Different Ways of Claiming
Health insurance claims can be made cashless or reimbursed.
Compensation guarantees will be provided if the policyholder is admitted to the hospital. How to claim using the reimbursement system, namely:
- You can choose a hospital or clinic as you wish
- Get treatment from a doctor
- Pay for medical expenses and request the required documents to the hospital or clinic
- The customer sends a claim document to the insurance company no later than 30 days from the last date of treatment
- The insurance company will process claims that meet the requirements within 7 working days.
If using the cashless method, the health insurance payment model usually uses a card that can be used when making transactions at the hospital. Like an ATM card, you can swipe the card at the hospital to pay the entire bill.
However, the payment value is limited, if the cost of the bill is less than the ceiling, the customer must pay the remaining bill in cash .
Meanwhile, for life insurance, financial losses will be given to policyholders in the event of an accident, or to heirs. However, the policyholder or beneficiary must report the condition first.
Submission of a life insurance claim can be done by filling out and submitting a claim form as well as a doctor's statement form, along with other supporting documents to the selected insurance company. After that, if the claim is approved, the company will pay the claim.
