Buying a health insurance? Here’s what to look for

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HEALTH INSURANCE
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Buying a health insurance? Heres what to look
for
Life is quite unpredictable and your health can
fall prey to illness at any point of time. Young
people take things lightly but you may never know
about unexpected critical illness or meet an
accident anytime. If you dont have sufficient
financial back-up you might have to borrow money
at an extremely high rate of interest or keep
property mortgage. Therefore, a health plan has
to be in proper place. Health insurances are one
of most definite necessities of todays time
because of the escalating costs attached to
doctors bills and hospitals treatments.
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That is why a proper health policy will not only
help you to combat the financial burden but also
helps you to stay mentally fit to recover
well. Health insurance concept is quite new in
India but due to the benefits associated
especially cashless treatment or reimbursement
facilities it is quickly taking root and there is
a wide network to support it. These plans
are generally affordable and different from
insurance policies because of the claim benefits
at the necessary point of time in your life.
Plans have to be renewed on yearly basis. There
are several options for medical plans in the
insurance markets. You can always take your time
to understand the policy as well as the fine
print. Some factors need to be considered when
you are looking for health insurance in India.
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When youre choosing a health plan, there is no
such thing as good or bad health plan. Online
comparison sites are one of the best mediums to
shop around for your policy. Before purchase
you can compare them in terms of benefits
features, discounts, claim settlement ratio,
premium payments and more. When you buy a policy,
make sure to understand what the premium buys for
you. If the premium is high but benefits are not
covered it is pointless. So dont get stuck on
premium rates like low or high and decide your
policy. Instead compare apple-to-apple of your
policy, requisite benefits, and premium rates and
then go for policy purchase. Be clear about what
youre looking for cover on cost. You should be
able to afford basic doctor visits, dental bills
and medicines on your policy.
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Your family needs are important too. There is a
family floater health insurance plan that will
cater to your family needs under single
premium. In case, your parents are too old and
already facing any health issue opt for senior
citizen health plans. Such policies will
definitely be worth it in the long run for your
family financials. While doing this, look at the
terms of renewal as well. The basic aim of the
policy would be taking it till you are alive. So
try to find products that will continue over your
lifetime. There are around 25 general insurance
companies that cater hundreds of customized
medical insurance products for consumers across
India. You can visit the branch, call up agents
or customer service, or compare policies online
and buy a suitable health insurance plan that
will cater you your family needs during medical
emergencies.
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/health-insurance.jsp
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