My Insurance Bazaar- Understanding Health Insurance plans

1
UNDERSTANDING
HEALTH INSURANCE
How it affects your Financial Plan?
Answers to Questions
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Advisor 18001028550
2


HEALTH
LET UNDERSTAND FIRST
INSURANCE
AN INSURANCE THAT RELATES TO ONES MEDICAL
EXPENSES BEING COVERED BY AN INSURER
HEADS UNDER WHICH HEALTH INSURANCE COVERS COST
ROOM BOARDING EXPENSES NURSING EXPENSES FEES
OF SURGEON, ANESTHETIST, PHYSICIAN,CONSULTANTS
AND SPECIALIST ANESTHESIA,BLOOD,
OXYGEN,OPERATION THEATURE CHARGES, SURGICAL
APPLIANCES,MEDICINES,DRUGS,DIAGNOSTIC
MATER- IALS,X-RAYS,DIALYSIS,CHEMOTHERAPY,RADIO
THERAPY,COST OF PACE MAKER,ARTIFICIAL LIMBS,COST
OR ORGANS AND SIMILAR EXPENSES
OPTIONS AVAILABLE UNDER A HEALTH POLICY
ONE CAN EITHER GET INSURED FOR HIMSELF OR THE
WHOLE FAMILY WITH THE ONE AGAINST WHOSE NAME THE
POLICY IS TAKEN IS CALLED THE PROPOSER AND THE
REST ARE CALLED MEMBERS UNDER THE POLICY WHEN
SOMEBODY BUYS A HEALTH POLICY , AN AMOUNT IS
ALLOCATED WHICH IS CALLED THE SUM ASSURED. A SUM
ASSURED IS THE MAXIMUM AMOUNT OF MONEY WHICH THE
INSURER WOULD PAY IN CASE ANY CLAIM BEING MADE.
INDIVIDUAL AND FAMILY HEALTH COVER
IN AN INDIVIDUAL COVER THE PROPOSER IS THE ONLY
INDIVIDUAL WHO GETS COVER BUT IN CASE OF FAMILY
EVERY MEMBER REGISTERED UNDER A POLICY ARE
COVER. FAMILY COVER COMES WITH FLOATER OPTION IN
ONE PARTICULAR MEMBER IS PRIVILEDGED TO USE
TOTAL SUM ASSURED
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Advisor 18001028550
3


INSURANCE REGULATOR
GUIDELINES
IRDA
POLCYHOLDER SERVICING TURNAROUND TIMES
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Advisor 18001028550
4


HEALTH
FINANCIAL PLANNING
INSURANCE
HEALTH FACTORS THAT AFFECTS FINANCIAL PLANNING
THERE ARE MAIN FACTORS RELATED TO HEALTH WHICH
CAN SERIOUSLY AFFECT ONES POCKET.TO SAVE ONESELF
FROM FINANCIAL EMERGENCY BECAUSE OF THESE HEALTH
CONDITIONS HEALTH INSURANCE IS PRESCRIBED THE
VARIOUS HEALTH CONDITIONS CRITICAL ILLNESS
THERE ARE A LIST OF CRITICAL HEALTH ANAMOLIES
LIKE HEART ATTACH,CANCER ETC WHICH ARE DANGEROUS
IN NATURE AND INVOLVED A LOT OF COST EXPENDITURE
TO RECOVER FULLY LONG TERM CARE REDUCED
PHYSICAL AND MENTAL ABILITIES CAN LEAD TO
SUSTAINABLE INVESTMENT IN HEALTH CARE.THIS CAN
HAPPEN IN ANY STAGE OF LIFE. THE TREATMENT IN
THIS CASE MIGHT REQUIRE CONTINOUS ADDMISSION IN A
HOSPITAL FOR A LONGER PERIOD OF TIME AND
CONTINUED HEALTH MONITERING . PERMANENT
DISABILITY IN CASE OF PARTIAL OR PERMANENT
DISABILITY , PATIENT MAY HAVE TO SHED OUT AMOUNT
OF MONEY AT REGULAR INTERVALS WHICH IS ALWAYS A
FINANCIAL RISK OTHER THAN THE RISK ASSOCIATED
WITH LOSS OF INCOME.
HOW FINANCIAL PLANNING SHOULD BE LOOKED AT ?
LOOKING AT THE FINANCIAL EMERGENCY WHICH MAY
ARISE BECAUSE OF STATED HEALTH CONDITION CAN
SERIOUSLY AFFECT THE OVERALL FINANCIAL PLAN. ONE
NEEDS TO DO FEW THINGS TO INSURE BETTER
PLANNING EVALUATE THE RISK WELL IN ADVANCE
CONSIDERING THE COST INVOLVED AT CURRENT MARKET
RATES RATE OF INFLATION AND HEALTH CARE
INFLATION NEED TO BE KEPT IN MIND.
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Advisor 18001028550
5

ALWAYS MAKE A SMART

HEALTH INSURANCE
MOVE, COMPARE BUY ONLINE
Visit us www.myinsurancebazaar.com, Talk to
Advisor 18001028550