How can you choose the best Health Insurance Plan at an affordable price? - PowerPoint PPT Presentation

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How can you choose the best Health Insurance Plan at an affordable price?

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There are plenty of health insurance plans offered by different insurance companies in India. About 24 insurance companies are functioning across India. – PowerPoint PPT presentation

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Title: How can you choose the best Health Insurance Plan at an affordable price?


1
How can you choose the best Health Insurance Plan
at an affordable price?
BimaKaro.in
2
Term life insurance online
  • There are plenty of health insurance plans
    offered by different insurance companies in
    India. About 24 insurance companies are
    functioning across India. Each company has its
    unique health plans to provide. Each health plan
    is unique from others. Therefore, their
    specifications, features, and benefits will also
    differ from each other.
  • Apart from the regular term life insurance and
    investment plans, health insurance has some added
    benefits to offer to the insured. However,
    remember that health insurance is not an
    investment plan. Therefore, you cannot expect any
    returns from it, but at the same time, the tax
    benefits it offers can turn to be an excellent
    return to you in terms of less reduction in tax
    from your income.

3
  Buying life insurance online 
Among several options available to buy health
insurance online, it may become cumbersome to
select the best one for you. Hence, you may need
to spend your valuable time choosing the right
health plan. If you are unaware of the points to
keep in your mind before buying health insurance
online, follow some tips and guides to help you.
4
Choosing the Right Health Insurance Plan
  • Adequate cover It is always essential to take
    enough coverage. By taking insufficient coverage,
    you may also get into trouble at the time of
    medication or during hospitalisation due to lack
    of funds. Therefore, ensure that you take
    adequate cover for your health insurance, keeping
    your present health conditions, future elements
    like lifestyle changes, possible health problems,
    and others. Instead of paying more hospital bills
    despite your insurance coverage, you can indeed
    pay a little higher premium and completely
    relieve yourself from hospital bills. This will
    undoubtedly give you peace of mind during an
    unforeseen situation.
  • 2.Read policy document Try to read the policy
    documents wholly and carefully. This is very
    important because you should trust what the
    insurance agents convey to you or check online
    about the policy. Perhaps, apart from this, there
    might have been some changes in the health plan
    you want to take, which the agent might not be
    aware of or updated on the online source.
    Therefore, you should pay attention and spend
    extra time reading the policy document before you
    sign.

5
Best term plan in India 2021
3. Avoid delay in purchase Never wait to take a
health insurance plan. The more you wait to take,
your health risk is higher. Therefore, never wait
for months and years to decide if you want to
take a health insurance plan. At the same time,
if you take a health plan at your younger age,
then the premium you need to pay will also be
lesser, and the renewal cost as a continuity of
the plan will also be less. Moreover, at the same
time, the cover will also be higher. 4. Know the
hospitals in the network Before taking a health
plan, you should be aware of the hospital
networks that the insurance companies have.
Remember, you can visit only the hospitals that
are there in the network for insurance coverage.
Therefore, it is always better to know the types
and numbers of hospitals and healthcare centres
in the networks before you buy a health plan.
6
Continue..
5. Irrelevant add-on riders Although there is a
number of riders available to choose from, you
should cross-check how relevant they are to you.
It would be best if you kept something in your
mind that your premium cost will also increase as
you add the riders. And ultimately, if they go of
no use till the term period tenure, they will
benefit you in no way. Therefore, before you
choose the riders, ensure if you undoubtedly need
them and will they be useful to you in the future
as the years roll on. 6. Dont just rely only on
employer-provided health insurance Today, almost
all the employees get health coverage from their
company. But is that insurance plan enough for
you to get sufficient cover during some uncertain
situation? Therefore, you should analyse and
ensure if you want any extra insurance health
plans to get more coverage and benefits apart
from what your employers provide. 7.
Co-payment The co-payment will imply the insured
paying some amount of hospital bills along with
the insurance cover. This is actually a standard
feature for all health plans. However, some
specific health plans will cover 100 of your
medical and hospitalisation expenses.
7
Bimakaro
The term insurance plans comparison can help you
to easily choose the best term plan that
perfectly suits your family's financial needs and
security over the years. Bimakaro.in is the
easiest way to buy insurance online. There are
multiple options to choose from, and our advisors
are always there to assist you.  
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