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How to choose a good health insurance policy?
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Posted On :
Jan-06-2012
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Article Word Count :
567
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Health insurance is one of the vital insurance products that every household must have in the current scenario of rising lifestyle diseases.
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Health insurance is one of the vital insurance products that every household must have in the current scenario of rising lifestyle diseases.
Here we will try to understand and endeavour to get the maximum out of the health insurance finding, choosing and buying process. As the number of health insurance companies in India has grown by the day and so are the numbers of policies offered by each one of them. Sifting through all of these is not an easy task much less choosing a health insurance policy that will bet suit your needs and at the same time will be value proposition i.e. within your budget.
As already mentioned that the task of going about searching for the right health insurance is daunting; let’s look at a few tips that will be of great help.
Start by making a list of your current health condition, the medications you take, and any subsequent necessity that arises out of it. Also try to ascertain as to what is your primary concern and what must be your absolute focal point i.e. what do you intent to get out of the health insurance?
Subsequently, solicit information from every possible service provider of health insurance. It must however be noted that not all medical plans are identical. Do not shy away from investing your time studying various medical care policies as it is worth the time and has the potential to save a lot of precious money in addition to better healthcare in the future.
It is prudent to start with the nucleus of health insurance policies from well-known and long established insurance providers such as: HDFC ERGO, Tata AIG, Apollo Munich, Max Bupa, Bajaj Allianz and ICICI Lombard to name a few.
The next logical step is to review each of the health insurance policies and simultaneously make notes of the benefits that they have to offer for basic cover such as: physical examination, hospitalization, specialist care, dental care, emergency care, vision care, prescription drugs, preventive care, alternate care and Ob-Gyn care. Whilst you are making notes on each of the above mentioned benefits evaluate them by using the notes you made of your medical condition.
One must also pay attention towards the deductible amounts, spending limits as well as co-pays in every reviewed health insurance plan. Your aim must be to do comparison shopping by comparing benefits and features of different medical insurance plans against one another. If you follow the process diligently, it has been noted that by this stage one would be able to identify one or two health insurance plans that will seem to fulfil the criteria that you initially laid down.
After you have identified a set of policies, it’s wise to jot down the concerns and questions that you would like to get an answer for. It is only now that you make a decision after getting all the relevant information.
And how do you get your concerns solved? Always put your queries to a licensed and a qualified health insurance agent. It is fine to keep grilling the agent until you are completely satisfied with regards to your query and concerns.
Always remember to get all the information before signing on the dotted line when it comes to health Insurance and do not forget what an old adage says - ‘health is wealth’.
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Article Source :
http://www.articleseen.com/Article_How to choose a good health insurance policy?_129721.aspx
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Author Resource :
Pranav Sharma is an insurance agent based in Mumbai; Pranav assists individuals and corporates in purchasing the right Health Insurance & often shares his insights about the general insurance industry on internet.
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Keywords :
health insurance, general insurance , medical insurance, HDFC ERGO,
Category :
Finance
:
Insurance
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