Get Health Insurance for a Better Financial Backing
Insurance is a component which is important for all the individuals. It helps you create a cushion for the family so that in case of an unforeseen event you can concentrate on the issue only and not the finance part. Family is dear to all and an insurance keeps it as is so that the burden is shifted from finance to much important aspects. There are many types of insurance plans, but the most important one is the health insurance This is a type of plan where you provide details to the insurance company and they analyze it to give you a cover that would help in future expenses if any for the hospitalization. These are affordable health insurance plans which can be or rather should be purchased by each family member to safeguard them.
Key Highlights
Health insurance has many terms and conditions that are to be judged by the individual before they plan to buy it. This would mean that an in-depth knowledge is required which would ensure that the benefits are available to the core. A person who does not have sound knowledge about the health insurance plans would not be able to read the health insurance quotes well. There are many health insurance marketplaces which can be tapped to get as much information available. It is a self-learning exercise if you wish to keep your family and its members safe from any nuances.
Types of Health Insurance Plans
You can also compare health insurance plans available from the same company or from its competitors so that you get value for your premium paid for the insurance. There are many types of health insurance plans that can be purchased by an individual. Let us take a deep dive into it to gain some more updates.
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Individual Health Insurance plans: This insurance plan is for an individual only and would have all the benefits aligned under the same name. It cannot be transferred under any circumstances and would be useful to the individual only when he/she meets with an accident or has some medical issues.
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Free Health Insurance: This type of insurance is either given away by employers who take a common insurance plan for all its employees without charging them anything. It is a free health insurance for the individual, but the company must pay its premium. However, such insurance plans help the employees save from investing in a separate insurance plan of their own.
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Critical Illness: This is a special health insurance plan which is designed keeping in mind some of the most dreaded diseases that need immediate medical assistance. Diseases such as cancer, tumor, heart ailments to name a few are covered under this health plan. It is specific to the diseases mention in the proposal form and can be claimed only when such a disease is detected in the policy holder. This critical illness insurance is very common and is also reasonable as compared to the regular health insurance plans.
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Medical Insurance: Such plans are specific to any medical illness and needs hospitalization for a few days. Based on the situation, the plan is already pre-approved for the expenses and the limit can be availed by the policy holder. These medical insurance plans for individuals or for a group or family is easily available in the market and can be purchased with ease.
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Group Medical Insurance: This is a group insurance which is generally purchased by the employer who has a mandate to offer such services as a part of government norms. It is also purchased by the people who are in the business where a lot of manpower is involved, and accidents are bound to happen. It is easy for the company to cover all the individuals with a single premium to be paid during the year. It is also a cheap health insurance which is beneficial financially as well.
These are a few types of health insurance plans that are available in the market with ease. The world of technology has ensured that you can do almost everything online with a few clicks here and there. Now it is also possible for you to do almost everything over your smart phone. This would include to purchase a health insurance plan as well. So, go ahead and look for some of the best available medical and health insurance plans and make your family safer.
Frequently Asked Questions
Q. What is health insurance?
A. Health Insurance is a plan which helps the individual to gain some benefit from the premium payment and safeguard the family for any illnesses caused intermittently. It is a cushion given to you from the company to keep on concentrating more on what is required at that point. If you are covered through a health insurance, and get ill for some reason, all the expenses as per the health insurance plan would be given to you. This is a great start for you to stay relaxed for all your queries related to finance in such a time.
Q. What does a health insurance cover?
A. Health insurance is a plan which would cover a few benefits that would help the individual to sail through such tough times. The most common coverage that any health insurance would have is the cost of hospitalization or the medical bills incurred for any illness or the cost of tests that have been incurred. It is also a possibility that cashless hospitalization can be a benefit so that you do not have to spend a penny and still get all the medical assistance.
Q. How can I apply for health insurance?
A. Health insurance can be applied through the company you choose to buy a plan with. This is also possible with an insurance agent who is registered with the company. Also, you have digital options available for you so that buying is easy and on your own. Digital platforms are available with third party vendors who tie up with such insurance companies and give the customers a good comparison of all the plans available in the market.
Q. How to get health insurance?
A. Health insurance is an easy thing to buy. All you need is the right channel through which it can be purchased. Once you have the will to buy, you would look for option in and around your vicinity and contact the insurance agents to show some great plans of different companies. You may also approach a freelance insurance agent who is not bound by a single company and has a mixed bag to show. This helps the customer to compare all the available plans and choose the best one for their purchase.
Q. How to choose the best health insurance plan?
A. Health insurance plans are available in abundance in the market. You need to be smart enough to know which plan to buy and when. It is important to compare the plan that you like from an insurance company with its competitors so that you know if there is anything missing in your quotation, it can be added upfront. This is a great way to get maximum out of your current insurance plan.
Q. Why do you need health insurance policy?
A. Health insurance policy is an important part in your life as it helps you to stay planned and ready for any unforeseen events related to medical emergency. This health insurance policy would give you that edge to plan for your family as life is very tough at every step and being proactive is the need of the hour. It would take care of all your requirements when you need it the most and that too without asking for help.
Q. How to compare health insurance plans?
A. Health insurance plans are available with cut throat competition in the market. This means that you would need to compare the health insurance plan with its competitors to know which one is best for you. The best way to do is to look for similar plans and its benefits on paper. Also, you can use the common portal available online to look for similar plans one after the other and compare the premium rates as well.
Q. How to compare best health insurance policies in India?
A. Health insurance policies are available in many variations through different companies. You should look for your requirements and then search for the best company that is ready to offer you the same benefits at a reasonable price when compared to the rest of the market. This is easy to do when you go online. They have some great websites that offer almost all company quotes for a plan with all the benefits listed down for you to go through it. This is the best way to compare the health insurance policies at least in India.
Q. How to get instant health insurance quotes?
A. Health insurance companies offer quotes to the customers to make them understand what the plan about and the benefits is aligned to it. It is a great way to give them some concrete proof to gain trust and help them to decide the right plan. It is available in many variants and each one can be given as a quotation to the customer for their reference. Take a good dip into it so that you know what is coming your way. You should ask for all the relevant documentation to be sure about the company and its plan and only then decide to purchase the plan.
Q. How to get instant health insurance coverage?
A. Health insurance is now available online and this is a good thing for all. You can now get a quote on a health insurance plan around the clock so that you do not have to wait for the insurance agent or the company to offer it to you. In fact, you can buy an insurance plan even in the wee hours as it is system generated. This is the best way to get a quotation instantly and if you are fine with the benefits and terms and conditions then you can buy the health insurance coverage on the spot. You would get the receipt and the copy of the health insurance plan online via email and a hard copy would be couriered to your mailing address.
Q. What are the types of health insurance?
A. Health insurance are of many types. It depends on the requirement one has and accordingly a plan can be suggested by the company or the agent. Below are few of the types of insurance policies available in the market.
- Individual Health Insurance
- Family Floater health insurance
- Critical Illness health insurance
- Group health insurance
- Medical health insurance
Q. What are the benefits of health insurance?
A. There are many benefits aligned to a health insurance. But to talk about a few key benefits it would start with financial assistance provided at the time when you need it the most. The second is riders which can be availed as per the requirements to enhance the plan and combine it to get two insurance plans in one i.e. critical illness coverage or accidental insurance. The other benefits differ from plan to plan and you should look for almost all options before finalizing on any one.
Q. What are the Documents required for health insurance?
A. Documentation is one important part of a health insurance policy. The common mandatory documents are valid photo ID proof and address proof. Few photographs for document processing and medical test reports in few of the health insurance plans. It is not a mandate unless the underwriter demands for it. Also, if the cover is a little high as compared to the regular plans then you may also be asked to furnish your financials so that it can be verified. All this will help you to settle your claims in case of any unforeseen events.
All such points would help you to buy the best health insurance plan and make the most out of its benefits.
