No one loves to get ill and spend a lot of money to get cured. In today’s time medical expenses are very high and it is rising at 20% annually. A small operation can cost few Lakhs and which can surely impact one’s finances. To protect our self from such sudden disasters we all must buy a Health Insurance which should be one of your steps towards financial plan.
There are many companies offering health insurance schemes. One can search the internet for the same but you will find every health insurance is different, you have to select the one suiting your requirement. Premium varies with the age bracket so figure out your premium and their claim settlement ratio.
One can remember the below six points before taking the health insurance:
a.) One should go with a health insurance which provides the life long renewal. This is an important feature of health insurance. Some insurance companies provide renewal till certain age but we all know that as we grow old, our medical expenses rise. My advice would go with opting an insurance policy which provides a life long renewal.
b.) One can consider the In-house processing in comparison to Third Party Administrators (TPAs).
c.) Some of the insurers might offer discounts for not having the TPA, but you may have to give up other features instead.
d.) If you are internet savvy and can buy insurance online then you can avail discounts offered by some insurers for buying online. By eliminating the agent you save money on premium.
e.) Be utmost serious about making complete disclosure about one self. Insurance companies look out for even the slightest discrepancy to deny the claim.
f.) Mediclaim also cover Pre and Post hospitalization expenses such as, doctors visit, diagnostic test etc.
By following the above points you can surely select the best health insurance which can help you at the time of emergency. I hope you would surely get one which suits you the best. As Buddha said, “Without health life is not life; it is only a state of languor and suffering – an image of death”
If you enjoyed reading my blog then please subscribe to my blog to keep yourself updated.
Happy Investing!!
