Questions to Ask Your Family Health Insurance Provider Beforehand

Our family is the support system in our life, and to make sure the support system stays intact for decades, we must ensure their health and happiness by taking the necessary steps. As wise men say, “Investment in health is the most fruitful investment”, adequate investment towards your and your family’s health can help you build a safer future. The best way to ensure that is by investing in a fitting family health insurance scheme that provides maximum risk coverage.

Having said that, we will, however, suggest you keep your calm and take the required time before taking any major decision. Choose the health insurance scheme only after obtaining the required clarity. Observe and understand the medical cost inflation rate in the past and predict the future trend and plan accordingly. Further, there are some questions you must your insurer before signing the agreement.

Know More Click Here- What is Family Health Insurance?

Question 1: Do you Cover Pre Policy Medical Conditions?

Some policies don't cover the medical expenses incurred due to pre existing medical conditions, you have to pay those bills by burning a hole in your pocket. Therefore, it would be a wise thing to ask your insurer if they will or will not cover pre-policy medical conditions. If they do, make sure you are aware of all the terms and conditions.

Question 2: Will the Policy Cover all my Family Members?

Most family health insurance policies provide coverage for the applicant, their spouse, and kids; while some policies provide the coverage for parents as well. So, if you are looking for something like the latter one, ask your insurer if their insurance scheme is similar or if they have another policy that fits your requirement.

Question 3: What is Your Claim Settlement Ratio?

Claim settlement ratio is a measure of how good or bad the insurer is in handling insurance claims. More often than not, it is necessary to determine how easy/difficult it is going to be for you to file a claim and get it approved by the insurer you are opting for.

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