POINTS TO CONSIDER WHEN BUYING HEALTH INSURANCE1 IT'S A Complsion ( Apart from Group Insuance)
There shouldn't possibly be any debate on whether you need Healthinsurance or not .Firstly the risk of falling ill is increasing daily basis. - be it on account of polluted air , pesticides in your food , strees and \ or bad lifestyle . Second ,the cost of treatment is galloping away with no end in sight . So theprobability is fairly high that you will spend a fairly large sum medicaltreatment .Now , the costs ,
the premium that you would normally have to payevery year for covering your whole family would be very nominal .So much so that even 5-10 years of premium payments may workout less than just one major problem during this period .
In case you don't make a claim during the year ,your sum insured mayincerase by 5-10%OR 100% Add on some health plan at the same premiumas a no - claim bonus . In fact , if there is no claim for 4-5 years you couldeven get the option of a free- medical check -up after this claim free period .So , it would make ample sense for you to cover you and your family formedical emergencies . Besides , given the job uncertainties nowadays , itwould be prudent to buy a policy of your own even though you may behaving one from your employer .
2. Includes And Excludes.
A typical medicaim policy
would pay practically all your actualhospitalization expenses
such as doctors' fees , opretion charges ,medicines , nurse , ambulance , blood , oxygen , room , charges , expenses. It would also cover related expenses( except any accedent injury ) 30 daysprior to and 30\60 days after the pre and post hospitalization in some plan90/180 days.The hospitalization should be for minimum 24\ 48 hours ; excepting certaincasea ( e.g. the patient can't be moved or the surgery doesn't require thatmuch stay , etc. )In certain cases called
however , you would not be eligible fora claim e.g.