When undertaking the task of selecting a health insurance policy, you need to know your policy completely. A basic inquiry stands while buying health insurance – What you buy and for what amount. Most insurance organizations specify the characteristics of the health insurance policy on their sites. On account of the complexity of the fine-print, a large number of people turn to an insurance counselor. Hence, to make your job a little easier, following are a few points to be considered before finalizing the policy plan:
Who all are included in your health policy plan?
A health insurance policy is intended to cover you as a single person or incorporate your family also. Rather, select an policyment that covers you as well as your family as this has a number of added advantages.
Most companies offer a health insurance policy which covers for the expenditures caused before, during and after hospitalization period. The duration of pre- and post-hospitalization periods varies with organizations and subsequently it is recommended to select an ideal policy for you and your family. In addition to this, a health policy will additionally cover day-care treatments which do not require hospitalization, expenses incurred on domiciliary medication, expenses incurred by organ donors, and ambulance costs.
What are the special characteristics on your health policy?
Special characteristics refer to benefits, features, rebates offered by an insurance organization which is not offered by all others. The insurance organization may have something unique for you to add to your health insurance policy. Comprehend the offering, if any; don't get bulldozed by it. Investigate the benefits of the feature – if it is truly important, does it succumb to your plan, so on.
How is the insurance organization's hospital network?
If your health insurance organization has a tie-up with a hospital, then you are entitled to avail a cashless service at that hospital. Frequently the expense of hospitalization and medicine is high and hence you want your health insurance organization to settle the bills. Ensure that a good number of hospitals around you have a tie-up with your insurance organization to enjoy the benefits of cashless claims service.
What is the right premium amount?
Want more? Spend more! Clearly, the premium you pay is set as per the policy you select. For more coverage amount, you will have to pay a bigger premium. More policyholders under a policy; more will be the charges. Compare plans with similar characteristics from distinct insurance organizations to comprehend what suits you the best.
An important aspect in considering an insurance policy is the claim settling ability of the company. You purchase an insurance plan with the purpose of invoking it in future. Many insurance companies follow untidy procedures and have longer wait periods. It is therefore, your responsibility to identify and judge a company before purchasing a health insurance from it.
A large portion of the HDFC ERGO health insurance organizations have comparative offers to give. What matters is an insurance organization's policy purchasing and claim settlement process, additional characteristics, if any, network of hospitals and the premiums charged for the sum insured amount opted for.
A health insurance policy is intended to cover you as a single person or incorporate your family also. Rather, select an policyment that covers you as well as your family as this has a number of added advantages.
- Firstly, every family member will be secured under one plan. Thus, various policies – one for every member of your family, are inessential.
- As per any health insurance policy, the insurance organization is at risk to pay an amount as decided by both parties. This predefined limit might be utilized by any of the insured family member, as many time required.
- Also, you will be obliged to pay just a solitary premium measure on a solitary specified date. Recalling distinctive dates to pay premium for diverse restorative approaches is not needed.
Most companies offer a health insurance policy which covers for the expenditures caused before, during and after hospitalization period. The duration of pre- and post-hospitalization periods varies with organizations and subsequently it is recommended to select an ideal policy for you and your family. In addition to this, a health policy will additionally cover day-care treatments which do not require hospitalization, expenses incurred on domiciliary medication, expenses incurred by organ donors, and ambulance costs.
What are the special characteristics on your health policy?
Special characteristics refer to benefits, features, rebates offered by an insurance organization which is not offered by all others. The insurance organization may have something unique for you to add to your health insurance policy. Comprehend the offering, if any; don't get bulldozed by it. Investigate the benefits of the feature – if it is truly important, does it succumb to your plan, so on.
How is the insurance organization's hospital network?
If your health insurance organization has a tie-up with a hospital, then you are entitled to avail a cashless service at that hospital. Frequently the expense of hospitalization and medicine is high and hence you want your health insurance organization to settle the bills. Ensure that a good number of hospitals around you have a tie-up with your insurance organization to enjoy the benefits of cashless claims service.
Want more? Spend more! Clearly, the premium you pay is set as per the policy you select. For more coverage amount, you will have to pay a bigger premium. More policyholders under a policy; more will be the charges. Compare plans with similar characteristics from distinct insurance organizations to comprehend what suits you the best.
An important aspect in considering an insurance policy is the claim settling ability of the company. You purchase an insurance plan with the purpose of invoking it in future. Many insurance companies follow untidy procedures and have longer wait periods. It is therefore, your responsibility to identify and judge a company before purchasing a health insurance from it.
A large portion of the HDFC ERGO health insurance organizations have comparative offers to give. What matters is an insurance organization's policy purchasing and claim settlement process, additional characteristics, if any, network of hospitals and the premiums charged for the sum insured amount opted for.
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