5 Tips to Buy the Family Health Insurance Plans in India

The need for insurance coverage is constantly increasing with the steady rate of medical inflation in India. With so many family health insurance plans in the market, it can be challenging for an individual to determine the correct scheme.

However, here are few of the factors to determine the ideal one for yourself.

1. Low waiting period for pre-existing diseases

Health insurance schemes come with a period in which you are not eligible to avail coverage for any pre-existing diseases. You should look to opt for a policy that provides low waiting period so that you can avail maximum healthcare coverage.

2. Maximum coverage amount

Medical insurances have an upper cap on the amount you can claim. With the costs of healthcare increasing day by day, you should opt for a policy that offers maximum coverage to ensure the utmost protection for you and your family. family health insurance plans from reputed NBFC’s like Bajaj Finserv offer a coverage of up to Rs. 50 Lakhs.

3. Pick a right sum insured

You need to consider a few factors before you decide on an insurance policy based on the amount insured. Take into account the number of members in your family and their respective ages. You will require a higher sum insured as you grow older.

4. High claim settlement ratio

Claim settlement ratio of a company is the ratio between the total numbers of claims they received against the total claims they settle. You should opt for a company that maintains a higher rate so there is a lesser chance of your request to be rejected.

Read Also: TIPS TO CHOOSE THE BEST FAMILY HEALTH INSURANCE POLICY WITH MAXIMUM BENEFITS

5. Maximum age renewal

You will require health insurance more as you grow older. Insurance companies usually have an age limit after which an individual cannot renew their policy. Ensure that you avail a scheme with maximum renewal age so that you can benefit for a more extended period.

Keep these tips in mind while you avail a health insurance plan for your family. Also, ensure that your scheme has maximum hospital coverage so that you have various options during an emergency.

Additional Read: Advantages of Having A Health Insurance Plan for Family

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of the

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before you in

Stay Protected on the Road- Understanding the Importance of acko car insurance

Having a car insurance policy is essential for every car owner. It not only provides financial protection in case of any damage or loss but also ensures a safer driving experience. Acko is one of the leading car insurance providers in India, offering a wide range of insurance plans to suit the needs of all car owners. In this article, we will be discussing the importance of Acko car insurance in India and how it helps to stay protected on the road. We will also look at the various benefits and features of Acko car insurance policies that make them an ideal choice for car owners. Understanding the Importance of Acko new car insurance in India As the number of vehicles on Indian roads increases, so does the number of accidents and other related incidents. Traffic jams, road rage, and bad driving habits are some of the major causes of accidents. It is important for drivers to stay safe on the road, and to do so, they must have a car insurance policy. Acko new car insurance is one of

All Insurance News and Plans

Search This Blog