How to choose a best Health Insurance

Be careful not to get stuck with health insurance, continue reading

1️⃣ Compared to other insurances, health insurance is insurance that is used when a patient becomes ill or an accident occurs. So health insurance is something that needs to be chosen very carefully.

1. 'Under Insured'.................
If you do not have enough coverage to meet your future medical treatment needs, you will be classified as 'Under Insured'. This happens when you choose the lowest plan or the lowest quality company to save on insurance premiums.

2. 'Over Insured'...............
If you take higher coverage than the amount may required for your future medical treatments, you will be classified as 'Over Insured'. This is happens when insurance agents misleading consumers to increase their commissions, and you wrongly understand that a higher amount of insurance is a better insurance.

3.Things to keep in mind while choosing a particular health insurance company:-

(A) Ensure that how claim settlements are done at the time of hospitalisation which is either directly by the health insurance company or through a TPA (Third Party Administrator: A company other than the insurance provider who settling claim aginst charges provided by the insurance company )companies.

(B) Know the number of network hospitals with cashless treatment facility, the quality of the hospitals and whether the hospitals are near to you.

(C) Check the claim settlement ratio of the insurance company

4. Make sure that you understand the benefits and the terms and conditions of the plan that you intrested in.

5. Konw about the future premium increases based on age

6. Know the coverage for pre-admission and post-discharge expenses, hospital room rent, rate of bonuses for no-claim years, health check-up, OP benefits, and bystander allowances etc.

7.Make sure you have a direct contact of a representative who speaks your language and a phone number that you can talk to directly for any helps.

For these reasons always seek the services of a health insurance specialist for health insurance rather than getting scammed for a small, temporary profit.

Sanju. PB
Health Insurance Specialist
Phone / What's Ap:9995067188