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The benefit of any insurance product is only appreciated in an hour of crisis because they come to your rescue only at that moment. Though nobody wants to fall sick, life is uncertain and unpredictable.<br>Visit Here : https://navi.com/health-insurance
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Overview A comprehensive health insurance policy is required for every individual & family today. The massive increase in diseases related to modern lifestyles and the astronomical healthcare costs make it imperative to buy medical insurance early in life. The benefit of any insurance product is only appreciated in an hour of crisis because they come to your rescue only at that moment. Though nobody wants to fall sick, life is uncertain and unpredictable. It can be pretty challenging to choose the right health insurance plan in a market flooded with choices. What do you do? How do you choose the right policy?
Tips to Choose the Right Health Insurance Plan Check out these six smart tips to choose the best Mediclaim insurance plan in India. • A comprehensive coverage • Affordable Premiums • Choose a family floater plan • A high claims settlement ratio • A good network of hospitals • Lifetime Renewal of Policy
Comprehensive Coverage It is essential to choose a plan which offers holistic protection and covers significant items such as pre and post-hospitalization expenses, daycare procedures, OPD bills, etc. The coverage should be appropriate & adequate for the specific needs of yourself and your family.
Affordable Premiums The right policy is the one that offers the correct value for your money. The premium payable on the policy should not be a burden on your family's budget. You can buy a basic plan with a lower sum insured and supplement it with a top-up insurance plan to cover the expenses when the basic cover gets exhausted.
Choose Family Floater Plans Family floater plans are much more affordable & convenient than buying individual policies for every family member. However, it is advisable to buy a separate policy for senior citizens in the family.
High Claims Settlement Ratio The reputation of the insurer is paramount when choosing a health insuranceplan. A high claims settlement ratio (CSR) is an indication that the insurance company will honor most of the claims it receives from the policyholders. A good insurer will typically have a CSR of over 95%.
Good Hospital Network The health insurance company should have a vast network of hospitals & doctors spread across the country. Policyholders can enjoy the benefit of cashless treatment only at these empaneled hospitals. The medical bills will be directly settled by the insurer without any burden to the policyholders.
Lifetime Renewability Buying health insurance is both difficult & expensive in your old age when you need it most. With a lifetime renewal feature, the same plan can be continued in your golden years without any hassle.
Conclusion A health insurance policy is a valuable investment and not a frivolous expense. By paying the regular premiums, you get returns in the form of protection and peace of mind! Choose the right plan by following the tips discussed above.
