Health Insurance Plan
Top 6 health insurance plans of 2014
What is Health Insurance? Health Insurance, popularly known as medical insurance or mediclaim is a form of insurance that provides you protection against expensive treatment costs. It protects you from paying the full costs of medical services when you’re injured or sick. Just like car insurance or home insurance, you choose a plan and agree to pay a certain rate, or premium, each month. In return, your health insurer agrees to pay a portion of your covered medical costs.
Cashless Network of Hospitals:Â This refers to the list of hospitals tied up with the insurance company wherein you need not pay hospitalization expenses at the time of discharge from hospital. You should always check this list before choosing an insurer and should always prefer an insurer that has a tie-up with your preferred hospital. Understand Exclusions in the policy: Before you buy a health insurance plan, always read the exclusions of the policy i.e. features that are not covered under the policy.Â
The exclusions vary as per the plan you choose. Always read these conditions before you pick any insurance plan to avoid chaos at the time of claim.
Furthermore, you should make it a point to ask for sample policy wordings so as to get in depth knowledge about certain definitions, terms and conditions, exclusions and benefits being offered while comparing different insurance policies offered by other companies.
Scope of the insurance policy: Â Always check the complete list of ailment/ disease covered under the policy. Insurance company can reject even your cashless claim if the disease for which the hospitalization is required, is not covered under the scope of the insurance policy. Renewability: Renewability refers to the maximum age till you can get your insurance policy renewed and can claim the features and benefits of that policy. You should always prefer taking a policy that has a lifelong renewability because old age is the time when you need your policy the most.
Follow us on https://www.facebook.com/BajajAllianz http://www.linkedin.com/company/653474 https://plus.google.com/+BajajAllianzGIC/posts https://twitter.com/BajajAllian z https://www.youtube.com/user/BajajAllianzGIC https://instagram.com/bajajallianzgeneral/
Disclaimer: The above mentioned Health Insurance Plans are not ranked in any particular order. These plans are selected by the author of this article and reflects her personal choice. The buyers are however, suggested to use their discretion before selecting any particular financial product.
Thank You..!!