Tuesday, September 21, 2021

Confused about which health insurance policy to choose? Here are 5 parameters that will make it simpler! – brand stories

We’ve got lived in uncertainty all through this yr, with the concern that coronavirus may infect us or our relations. It’s an affordable concern contemplating over 78 million folks the world over have been affected by the COVID-19 virus killing over 1.7 million of them[1]. In India additionally, over 10 million folks have already been contaminated by the lethal virus, out of which, nearly 1.5 lakh folks have misplaced their lives[2]. This has made a whole lot of us realise how important our well being is, and the way crucial it’s to safeguard it with a great medical health insurance coverage.

Many individuals, nevertheless, don’t deal with medical health insurance plans with the seriousness they deserve, at the very least not till some adversity shakes their lives. What’s essential to know is that this monetary product protects you from unwarranted emergencies. On the identical time, being insured helps you get cashless therapy and high quality well being care at a reputed hospital. It additionally offers for some nice tax financial savings!

Now, if you go in search of a medical health insurance coverage, you’ll be spoilt for alternative. There are a plethora of choices out there right now, which could make it troublesome so that you can choose one. That’s precisely why the next 5 parameters will provide help to make the proper alternative:

Sum assured: Because the title suggests, it’s the most worth that your insurance coverage firm can be liable to pay, in case you fall sick and need to make an insurance coverage declare. Any further expense past your sum insured should be incurred by you by yourself. Since medical prices are excessive right now, it is very important go for the next sum assured that may present safety to each you and your loved ones in occasions of want.

Kind of protection: Insurance coverage corporations have designed various kinds of medical health insurance plans for various wants. There are particular ones for ladies, for crucial diseases, for senior residents, for people, for households and those who supply prolonged protection. The coverages provided by these various kinds of medical insurance coverage are completely different. So, examine medical health insurance plans and take a name based mostly in your wants. For instance, if you end up single, it’s good to have a person medical health insurance plan. Nevertheless, it will be even higher if the chosen plan means that you can add one other member, maybe if you get married or have youngsters. So, it’s essential to pick out a plan that fits your wants at each stage of your life.

Renewability: As soon as once more, this is a crucial parameter. Medical health insurance isn’t a one-off funding. It’s extra about long-term wants. Ideally, your medical health insurance coverage will need to have a lifelong renewal possibility, in an effort to renew it yearly, and go about your life with out worrying about something. There shouldn’t be any cap on age. However, make sure that to test it correctly earlier than choosing the coverage.

Declare settlement ratio: It’s not simply concerning the cowl {that a} medical health insurance coverage affords. It’s also essential that your claims are settled successfully, and on time. Because the title suggests, the declare settlement ratio is the proportion of insurance coverage claims paid out by the insurer out of the whole claims filed throughout a monetary yr. The upper the ratio, the higher it’s for you since you might be relaxation assured that every one your real claims can be accepted by the insurer.

Cashless hospitalisation advantages: Final however not the least, your medical health insurance coverage should supply the advantage of cashless claims and high quality medical care at community hospitals. A cashless medical health insurance coverage means you would not have to shell out something in case of a medical emergency. Apart from, the bigger the community of hospitals, the higher it’s!

Why Bajaj Allianz?

Medical health insurance plans by Bajaj Allianz Common Insurance coverage tick all the proper containers relating to these parameters. It affords medical health insurance insurance policies that cater to varied people or wants – ranging from addressing crucial diseases for ladies, insurance coverage for senior residents, well being infinity plan, private accident plan, and a well being guarantee plan, amongst others. Every of those insurance policies caters to a particular want, so you possibly can choose the coverage based mostly in your necessities.

Plus, in tune with the occasions, Bajaj Allianz’s insurance policies additionally cowl medical bills pertaining to COVID-19. Whether or not it’s hospitalisation, day care procedures, AYUSH therapy, ambulance expenses or fast declare settlements, every part is taken care of.

And in the event you thought this was all, there’s much more that the insurance policies supply:

● Cashless claims facility at over 6,500+ hospitals throughout the nation

● Cashless declare settlement inside 60 minutes

● 24*7 name help for claims settlement and all of your well being insurance-related queries

● In-house Well being Administration Staff (HAT) for quicker claims processing

● Most protection at reasonably priced charges

● Simple-to-buy/renew on-line insurance coverage insurance policies

● Fast declare settlement as much as Rs 20,000 by its app by way of Well being CDC (Declare by Direct Click on)

● Entry to sound medical care with a variety of Community Hospitals all around the nation

The age-old adage, ‘well being is wealth’, has assumed higher significance now greater than ever. Though consuming a nutritious food plan and interesting in train are essential for good well being, one by no means is aware of when an exigency strikes. In such a situation, you don’t simply face struggles bodily, mentally and emotionally, but additionally financially. However, that’s in the event you don’t have a medical health insurance coverage. So get your self insured right now, and dwell a secure and safe life with out worrying about tomorrow!


[1] https://www.worldometers.data/coronavirus/

[2] https://www.worldometers.data/coronavirus/nation/india/

Latest news

Related news


Please enter your comment!
Please enter your name here