Sports have always been a key part of life, and many have now taken it up as a way to stay fit. If you have always been a fitness enthusiast involved in sports, you may realise that there is always a risk of injury associated with it. By availing a sports insurance policy, you can get coverage for common sports-related treatment costs.
Injuries and accidents are common in sports. From minor cuts and scratches to serious injuries, these can occur depending on the intensity of your sport. Rather than reacting to a problem, be proactive and get a sports insurance cover. This way, you are prepared for anything that may happen.
To understand more about the features of a sports insurance plan, read on.
What Is Sports Insurance?
This is an insurance plan that helps deal with the cost of treating injuries and accidents while playing sports. If you face a serious injury, your treatment can become expensive very quickly. But with an active sports insurance plan, you need not worry about the cost of medical care or hospitalisation.
Best of all, you can get comprehensive coverage by paying a nominal premium. This way, there is less burden on your pockets too. While the plan covers treatment costs of long-term injuries, your post-hospitalisation expenses like medicine costs are also included. However, the terms and conditions vary according to different providers.
With a steady rise in medical inflation, investing in a plan like this is the need of the hour. Many insurance providers offer you coverage of up to ₹2 Lakhs. Another advantage is that the process is simple and quick, and you can complete the policy form from the convenience of your home.
Moreover, getting coverage is just as easy as availing the policy. All you have to do is submit minimal documents and get reimbursed.
What Is Covered In This Plan?
If you meet with an accident while playing sports and it leads to permanent disability, you are entitled to get the coverage. In case of an accident with a long-term injury, you can still file a claim to get the reimbursement for treatment costs.
The total coverage amount and other conditions vary from one insurance provider to the other. Hospitalisation costs are also included as a part of this insurance plan.
What Are The Exclusions In A Sports Insurance Plan?
While you are aware of the inclusions of the plan, make sure to understand the exclusions thoroughly. Prior knowledge about your policy can help you assess if your claim is valid or not.
This plan is applicable only to individuals between the age groups of 18 and 70 years. You get reimbursements only if the injury is caused due to sports. Any other reason for injury is excluded from the plan.
Note that routine medical problems like muscle sprains or aches may not be included in the policy. Finally, any self-inflicted injury is excluded from the sports cover.
What Are The Documents Required To Get A Sports Insurance Plan?
To avail the sports insurance cover, submit the following documents:
- Identity proof (PAN card, Aadhaar card)
- Age proof (Passport copy, Aadhaar card)
- KYC documents (Ration card, Telephone bill, Bank account statement)
Submit the documents and complete the payment after filling in the online form to activate your plan. To make a claim, all you need to do is call or email the insurance provider and submit the required documents.
Although the concept of sports insurance is relatively new in India, it is something you must consider if you play any sports. Thankfully, you can get a sports insurance plan at affordable costs. Browse through various online options and choose a plan that suits your requirements.