A casual discussion about buying a health insurance policy with your friends may not end up concluding the best health insurance policies in India. You need to be sure about primary needs that you want to be covered before you actually reach the decision of buying one for yourself. Needless to say, life has a myriad of uncertainties and any of those could affect your decision to buying a health plan for your loved ones.
It has often seen that people were buying health plan under their friends’ influence while they had no idea about the coverage and the corresponding premium payment they would have to make. People did not have adequate knowledge of health insurance programs, which made then consult their friends or relatives who already have health plans to end up buying one. This lack of knowledge could be because they had never been part of a health program or activity organized. Such people need to meet with health insurance agents to explore available plans. Despite the lack of knowledge, another crucial factor that could have adverse effects on your decision to buying a health plan was the availability of various general insurance companies. It is quite obvious for you to have confusion over choosing an insurer when you have multiple choices. In such a scenario, you should compare multiple plans online, based on some pre-decided criteria – premium, coverage, entry or exit age and so on. Doing this enables you to find out health insurance companies that offer affordable plans with sufficient coverage. In the meantime, keep in mind the following points that support your decision to buying right plan for you: Premium There are certain terms that have a good impact on your decision to buying a health insurance policy for you or your family. You need to note down those terms and choose your best plan based upon them. Well, the premium payable towards the health cover is one of those key terms, which refers to the amount payable to the insurer for availing certain benefits. The truth is that an agent may or may not tell you about complete terms and conditions of the policy you are willing to buy. Thus, you can not just buy a health plan without a thorough comparison. Go for an online comparison and choose the best for you. CoverageCashless hospitalization, reimbursement of both pre and post hospitalization expenses, or claim reimbursement at a later time etc. are amongst the certain features of health insurance plans. Thus, if you are aiming at buying the right plan that covers daycare expenses, ambulance fee, maternity charges, medical bills, doctor consultation fee and more, then you are recommended to have a good budget to include all such features. If not, then make sure you compare health insurance policies online in order to find out which plan offers the maximum coverage within your budget. Choose the maximum features and benefits to make that plan right for you. When it comes to choosing the right plan for your family or yourself, you need to ensure that you invest your hard-earned money in something that can offer you significant returns in the future. Bajaj Allianz offers comprehensive health insurance policies at an affordable premium price. The following is a list of plans to choose from:
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There are multiple types of health insurance policies available in the market out of which you can buy one to meet your requirements. By mentioning ‘requirements’ we mean your healthcare needs that are quite obvious. However, there are times when you experience the need for a family health plan, especially in the event of hospitalization due to an accident or some other event that had led to bodily injuries. When it comes to coverage offered by a health plan, we can say these plans have a pretty vast cover for both individual and family floater customers. Health Insurance Policies – Types Based on the coverage offered by a health plan and its corresponding need, we can classify the health insurance plans in two categories:
Family floater plans are not always recommended Experts say that individual health plans are recommended for people who are above 45 years of age, whereas family floater plans are best fit for younger members in the family. A mediclaim policy for family covers individuals keeping their current lifestyle in view. Today, youngsters are prone to diseases followed by hospitalization, which is also because of their existing lifestyle that includes eating street food instead of homemade. It is true that increasing age of a human being makes him more prone to diseases, and therefore, everyone is the family should have appropriate cover against events that may cause medical emergencies. However, after certain, the family plans stop offering the coverage to all, which is because the eldest member(s) of the family reaches the maximum age after which no coverage is offered. In such a scenario, the coverage is expired for the whole family and the same cannot be renewed. Family Floater Insurance vs. Individual Insurance A family floater plan assures coverage for each member of the family, which however affects the coverage available for others. For example, if one member falls sick and is hospitalized in an emergency where the mediclaim insurance is of Rs. 5 lakh. Now, if the hospitalization lasts for a long time and results in medical expenses of 2 lakh or plus in a year, then the coverage for the others decreases considerably. Read More- Understanding Pre Policy Medical Checkups In contrast, an individual health plan assures equal coverage to each member of the family, which actually means that the coverage for an individual has nothing to do with the others. One can avail claim or reimbursement for medical expenses arising from hospitalization or any other event that causes medical expenses or like that. The Verdict Both family and individual health insurance plans offer definite coverage to insured, based on the policy norms as documented at policy inception. Even the best mediclaim policy offers coverage as per the insurer’s norms, which can be customized, though. Thus, be honest with your insurer to avail maximum coverage out of the insurance policy issued by your insurer. |