Planning on Buying Health Insurance for Family? Make Sure Your Insurer Provides these 5 Features

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Planning on Buying Health Insurance for Family?
Make Sure Your Insurer Provides these 5 Features
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In todays times, having health insurance for
family is a crucial part of making sure your near
and dear ones live a healthy life. It protects
them from the rising costs of medical treatment
and gives you a sense of security in regards to
your finances. By paying regular premiums for
your family Mediclaim policy, you can breathe
freely and know that if any health crisis strikes
your loved ones, your hard-earned savings will
not be exhausted. If you are planning to insure
your family, then you must choose an insurance
provider that offers you the best in your budget.
Lets look at the 5 important features your
chosen insurance provider must provide.
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  1 - Offering of maximum coverage    The
insurance provider you choose should offer you
coverage for a variety of medical expenses. A
good health insurance for family would cover the
following expenses-    - Hospitalization, pre-
and post-hospitalization  - Day-care procedures -
Vaccinations  - Regular health check-ups  - AYUSH
hospitalization - Ambulance charges  -
Consultations with specialists and experts 
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2 - High claim settlement ratio    The claim
settlement ratio of an insurer refers to the
number of claims they settled versus the number
of claims received in a particular year. A high
claim settlement ratio means the insurer is
efficient and dedicated to solving claims. In
such a case, you can rest assured that when you
raise a claim on your family Mediclaim policy
during a medical emergency, it will be settled
quickly with due procedure. 
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3 - A large number of network hospitals    Networ
k hospitals refer to the hospitals the insurance
provider is affiliated with. Getting your
treatment done at a network hospital gives you
the benefit of cashless treatment. That is, the
expenses incurred for the treatment will be paid
directly by the insurer. You may only have to pay
the deductible. This can relieve you of the
hassle of arranging cash urgently.    4 - Easy
claim settlement procedure    When you or a
family member is in a medical emergency, you do
not want to spend your time trying to reach your
insurer and making a claim on your family
Mediclaim policy that may take a long time to
process. You may want to focus on urgent health
matters and recovery. An easy claim procedure is,
therefore, highly needed when choosing reliable
health insurance for family. Many insurers
nowadays even provide app-based claim settlement
that reimburses your treatment expenses
instantly. 
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5 Critical illness cover   Your family may
include several people who may be susceptible to
critical illnesses. The treatment of such
illnesses is highly expensive and is sure to put
you in a financial conundrum. Therefore, it is
necessary that the insurer you are buying health
insurance for family from also offers critical
illness cover. This cover usually provides a
lumpsum amounts which can be used for a variety
of purposes as you may deem fit.   Do bear in
mind that the coverage and other features of
plans offering health insurance for family differ
between insurers.   We hope this article has
increased your understanding of family health
insurance.    
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