31-03-2016 07:10 PM
I want to buy Health Insurance policy for my family but getting confused how much limit or sum insured I should opt for?
01-04-2016 07:11 PM
Try comparing various policies of various insurance company and then post that you can have a meeting with an agent. He will help you!
06-04-2016 03:59 PM
The Sum Insured – or the quantum of coverage under a Health Insurance policy – is not a static number. It varies with individuals and their circumstances. Today, even a routine surgical procedure can easily cost in excess of a hundred thousand rupees. Amid such circumstances, if you are an individual and the age group falls in 25-35 years then you should be covered up to Rs 3-5 lakh, which is equivalent to the cost of a coronary bypass surgery at a good hospital. If you are an individual and the age group falls in 35-to-45 year old with a 4-member family, a family floater of around Rs 10-15 lakh would be recommended. Senior citizens, who have relatively higher odds of hospitalization, should consider having a Health Insurance of up to Rs 10 lakh on individual basis. One should consider increasing the coverage (Sum Insured) keeping in mind existing health, medical inflation and composition of the family. (A top Up plan can be also added as a supplement to the basic health insurance policy to safeguard oneself from catastrophic eventualities. Riders like Critical Illness is also becoming the choice of a good health insurance investment. The Critical Illness would safeguard one against other crucial financial burdens like an impending loan or other recuperating expenses
31-07-2017 03:10 PM
You want to cover your family for as long as it's possible. The older one gets, more the expenses mount. Hence, when picking a plan for your folks, check till what age the plan can be renewed. Options are few, going wrong once could mean not being able to get health insurance later.
So all in all, here’s a list of steps for buying the perfect plan:
Step 1: Find a honest expert advice when you need it.
Step 2: Fill in your family and other particulars before you start your search. Always declare any pre-existing conditions. If found out later, your insurer may not only reject your claim, you also stand the risk of your policy getting cancelled.
Step 3: Compare the top three quotes for the 7 points mentioned below:
Step 4: Buy the best health insurance policy that suits you perfectly. Mind you, there will rarely be that one perfect policy. You may have to prioritize your needs and let go of things that hold the least importance. There will be a medical check-up in this timeline, if your company insists on one.
Step 5: Once you buy the policy, dedicate a good amount of time reading the policy wording. You have a look-up period, wherein you can cancel the policy without any loss. Make the most of this. Be alert, be aware.