Things to Keep in Mind before Buying Health Insurance

1. Health Insurance

2. Things to Keep in Mind before Buying Health Insurance

3. CHOOSE THE CORRECT ADVISOR: It is very important to choose a correct health insurance broker. He should be knowledgeable about the various options available in the market. • A broker offers unbiased comparison of different policies and helps you make a decision. They are also capable of handling claims and different insurance related matters effectively. • ADEQUATE SUM INSURED: It is important to go for a sum insured that would cover all your family members. A person living in a metro city would require a higher sum insured in comparison to a person who lives in a village, since hospitalization costs are higher in metros.

4. Thus it is important to pay attention to these factors and then come to a final decision. If you feel it is difficult to make comparisons, take the free advice of a dedicated health insurance broker. • Once you buy a health insurance plan, you might feel satisfied by the fact that you have insured yourself and your family against any possible hospitalization in future. • But if you don’t go through the exclusions and waiting periods of the policy, then you might get shocks at the time of claims. So before finalizing any health insurance plan select the one which has least number of exclusions and are precisely defined

5. CLAIM SETTLEMENT: It is always a wise decision to check the process of settling your claims i.e., whether there will be an involvement of a Third Party Administrator (known as TPA) or directly by the insurance company. • Usually, in case it is done directly by an insurance company, there is a safer side of getting the whole claimed amount. TPAs are incentivized to deduct the hospitalization bill and thus they try to reduce the claim amount as much as possible. • Hence it is important to know the involvement of TPA and its claim settlement history. • [Source: http://blog.gibl.in/things-to-keep-in-mind-before-buying-health-insurance/]

6. Follow us on https://www.facebook.com/BajajAllianz http://www.linkedin.com/company/653474 https://plus.google.com/+BajajAllianzGIC/posts https://twitter.com/BajajAllianz https://www.youtube.com/user/BajajAllianzGIC https://instagram.com/bajajallianzgeneral/

7. Click to know more on Health Insurance visit: https://www.bajajallianz.com/Corp/health-insurance/health-insurance.jsp Thank You…..