Reasons To Have Health Insurance

Hello Dear Readers, Warm Greetings Of The Day, How Are You Doing ? We Hope You Have Landed Here Just Because You Are Very Keen In Knowing The Reasons To Have Health Insurance, So Today We Will Share

♥ What Are The Benefits Of Health Insurance ♥

We All Know That In Today’s Internet World All The Tech-Savy Or Computer Friendly People Goto  Various Search Engines Available On The Internet Like Goolge, BingRediff, etc. And Many A Times Even We Search On Some Of The Specific Websites Like Policy Bazaar, Bank Bazaar, Cover Fox, Life Insurance Corporation Of India, Max Life Insurance, etc. Whenever They Have To Buy Health Insurance Online. Our Today’s Discussion Is Also Somewhat Same But Providing You With All The Basic Knowledge And Details Of Importance Of Health Insurance, Like – Why, What And How Health Insurance Is Important, Let’s Begin.

It’s Often Said That Your Health Is Your Wealth. And With The Same Belief, You Should Ensure That Your Health Is Never Compromised. Be It For Yourself Or Your Near And Dear Ones, Health Shall Never Come Second Your Side. Here We Are Going To Define That What Is Health Insurance And Why You Should Purchase The Plan, How Much It Is Beneficial For You And Your Family And Why Should Everybody Purchase Health Insurance For Themselves And Their Family.

So Firstly, Let’s Tell You About Health Insurance:

affordable health insurance

What is Health Insurance?

Generally We Say That Health Insurance Is A Medi-Claim Whatever Expenses Incurred On Medicine And Hospitalisation While Treatment Of Patient Health Insurance Plan Cover All Your Expenses. It Covers All Financial Constraints Arising From Medical Emergencies. In Case Of Sudden Hospitalisation, Illness Or Accident, Health Insurance Takes Care Of The Expenses On Medicines, Oxygen, Ambulance, Blood, Hospital Room, Various Medical Tests And Almost All Other Costs Involved.

Depending On The Health Insurance Plan Chosen By The Policy Holder, He/She Can Get Coverage For Critical Illness Expenses, Surgical Expenses, Hospital Expenses Etc. It Pays For Or Reimburses The Amount You Pay Towards The Treatment Of Any Injury Or Illness.

Important Features Which We Have To Notice While Purchasing Health Insurance:

In Today’s World, Health Insurance Is The Necessity Of Everyone As Now A Days Health Problems Are Taking Hazardous Conditions. Most Of The People Are Suffering From Various Diseases In This Era. Financial Planning For Your Health Is Very Important. A Single Medical Emergency Can Push Your Financial Planning Back By Several Years.

It’s Very Unfortunate That In Our Country People Are Taking Interest To Understand The Features Of The Health Insurance Plans Before Making An Informed Decision. Here’s Let You Know That Important Things You Need To Learn About The Health Insurance Policy.

private health insuranceIs There Any Similarities Between Yours And Other’s Policy:

There Have Been Many Cases Where Insurance Policy Being Sold To The People On The Basis Of Their Different Location. Health Insurance Companies Offer Lower Cover For Health Insurance Bought Form A Tier – II Or Tier – III Cities Compared To A Tier – I City. It’s Most Important Factor That We Have To Analyse, Whether You Are Buying Any Health Insurance From Delhi Or Jaipur, The Benefit Needs To Be Uniform. So Firstly, You Have To Compare Your Plan And Compare The Benefits Which You Are Going To Get From Your Health Insurance Plan.

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Is Your Insurance Has OPD

Basically The Meaning Of OPD Is Out Patient Department. Here The Patient Visit The Outdoor Room, Consult With The Doctor For His/Her Medicine After Checkup By The Doctor.

Whether They Can Be Treated By Prescription For Medicines To Be Taken At Home Or If They Need To Be Admitted As Inpatient When That Are Given A Bed In A Ward. So It Is Essential To Check Whether Your Health Insurance Plan Is Covering OPD Expenses Or Not.

If It Is Not Covering OPD Expenses Then It Must Has A Top Up To Cover Such Benefits By Paying Normal Charges For The Same.

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Select The Best Company

Find Out About The Insurance Company That Offers:

  • Good Customer Services,
  • Has Good Liquidity Ratio,
  • Excellent Market Standing With Exemplary Claim Settlement Records.

You Can Get All These Informations Online Without Taking Any Pain And Easily Check The Background Of Company Online Itself. Compare Health Insurance Companies To Select The One With The Best Track Record. On The Basis Of All These Track Records You Can Select Your Company And Buy Health Insurance Plan.

10 Best Health Insurance Companies:

  1. Max Bupa Health Insurance Company Limited
  2. Star Health & Allied Insurance Company Limited
  3. Apollo Munich Health Insurance Company Limited
  4. Religare Health Insurance Company Limited
  5. ICICI Lombard General Insurance Company Limited
  6. Cigna TTK health Insurance Company Limited
  7. Bajaj Allianz General Insurance Company Limited
  8. Birla Sun Life Insurance Company
  9. National Insurance Company Limited
  10. New India Assurance Company Limited

Find Additional Benefit:

The Main Part Of Health Insurance Plan Is To Cover And Protect Your Medical Emergency But What About The Time When We Have Claim Free Year? But The Best Health Insurance Plan Appreciate Our Claim Free Year With A Reward Of Additional Benefits. It Comes In A Form Of Bonus Sum Insured For Claim Free Year. ICICI Lombard Health Insurance Policy Gives Additional Benefit Of 10% For Every Claim Free Year.

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Claim Settlement Ratio:

Claim Settlement Ratio Is The Total Number Of Claims Settled By An Insurance Company Divided By The Total Number Of Claims Received By The Insurance Company In The Same Duration. Health Insurance Company With Higher CSR Ratio Are More Preferable As They Are More Likely To Settle A Claim Faster Than Any Other Health Insurance Providing Company.


While Choosing A Health Insurance Plan, You Should Start By Comparing Plans From 2-3 Preferred Insurers. You Should Give A Close Look At The Inclusions And Exclusions In The Most Basic Plan Being Offered By Them.

And Remember, Every Member Of The Family, Irrespective Of The Age, Needs Health Insurance Cover To Have A Swift Swam Over Unforeseen Medical Emergency Anytime In The Future.

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A Very Big Thank You, For Giving Your Precious Time In Reading Our Article, We Hope You Liked Our Article And If Any Suggestions Or You Want To Have Any More Information On A Particular Insurance Related Term Or Policies Please Share Your Valuable Thoughts In The Comment Box Provided Below.

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