Nobody in this world wishes to face emergency situations like accidents or some illnesses in their future, however, they can still happen anytime or with anyone. Due to lack of time and physical fitness, diseases have become common these days. With medical treatment being expensive these days, treating any disease especially at private hospitals can drain your savings. In such a situation, a good health insurance policy is the only solution which provides you with financial assistance that will cover you and your family’s urgent medical requirements by individual health insurance plans as well as family health insurance plans. But before buying an insurance policy, you should first research, which health insurance policy would be best for you and will give you more benefits.
Here are a few tips to help you choose the best health insurance plans in India:
While choosing an insurance company, it is important that you know the reputation of the company you are engaging with. It is always important to choose a general insurance provider rather than a life insurance company. You can also check for customer reviews of the company in question to get a real perspective.
Choose a health insurance plan that secures you against a wide range of medical problems, and provides benefits including pre and post hospitalization, day care expenses, transportation, illnesses that you may be at risk of due to your family''''''''s medical history, etc. If you are thinking to buy family health insurance plans, check whether the policy meets the needs of each member of your family. It is important that you consider your requirements, compare plans on the basis of benefits and costs, and apply a little due diligence to choose a health insurance policy that caters to your needs.
While it is important to purchase a health insurance plan that meets your needs, it is equally important that it fits your pocket as well. Budget is a highly important aspect when it comes to buying an insurance policy. But it is even important to consider the plan’s benefits before you consider the price of the plan. It is a wise decision to buy a reasonably priced health cover at the start in order to make sure that you are covered properly and the premiums are also affordable as well. As time passes by, you can review your plan and increase cover appropriately with the rise of income, family size, as well as requirements, etc.
It is important to choose Cashless Service, in which you can get your medical treatment done without paying bills yourself. Hospital expenses are settled directly among the network hospital and the insurance companies. Though all insurers offer cashless service, there are only a few hospitals in India which are part of Insurer’s cashless network. Therefore, make sure to look at insurers’ cashless hospital list in order to find out if the top hospitals in your city are covered in the list or not. Make sure to look at the best hospitals in the city and not just the total number of hospitals.
Individual plans are good for people who do not have a family to support. However, you can purchase a family health policy if you are buying health insurance keeping your family in mind, to enjoy maximum health benefits.
When you buy a health insurance policy, make sure that you check the number of years that plan will cover you or whether it offers limited renewability or not. As you will require a health plan the most during the later years of age. Therefore, you must choose health insurance plans that offer lifetime renewability.
When it comes to choosing the right health insurance, it is always important to settle for one that provides the maximum benefits. You can compare health insurance policies online to ensure that you buy a health plan that fulfil your requirements. While selecting a medical insurance policy, make sure that the renewal process is simple.
The claim settlement ratio means the amount of claims settled by the insurance provider over the total number of received claims. You must always opt for an insurance that has a high claim settlement ratio. If you buy your policy from an insurance provider with a high claim settlement ratio, you can feel relieved that your claim will not get rejected, unless for a valid reason.
Another critical feature to look for when choosing the right health insurance policy is to check for add-on covers. These add-on covers are available on an extra premium payment
Registered Office: 203,Embassy Centre,Nariman Point,Mumbai - 400021.
Tel: +91 22 4002 4785/4002
4786 Fax: +91 22 2287 4787
Single SEBI registration number for NSE/BSE/MSEI : INZ000216033 CIN L67120MH1994PLC080039
and Maharashtra GSTN No. 27AAACL0963A1ZZ
Research Analyst registration number: INH00001758
DP registration number: IN-DP-CDSL-206-2003
PMS registration number: INP000005299
In case of grievances for Securities Broking /DP write to us on firstname.lastname@example.org
For linking your Demat/trading account with Aadhaar, submit the self-attested copy
of your Aadhaar Card along with a written request signed by all the holders.
SEBI Complaint redressal system
Advisory for investor
For Call & Trade / Support Desk Call :1800-1020-198
Customer Desk No : 022-41507346
Whats App Us :7208914888
Arbitration Mechanism on the Stock Exchange
Copyright © 2010 LKP
Designed , Developed & Content Powered by Accord Fintech Pvt. Ltd.
LKP Wealth Advisory Ltd. is registered as an investment advisory with Securities
Exchange Board of India, SEBI Registration no. INA000009861 and offers the most
comprehensive avenues for investments
LKP Wealth or its related subsidiaries or their directors or employees, do not give
any warranty, make any representation as to, or accept responsibility for, its accuracy,
reliability, timeliness or completeness now or in the future. While the presentation/information
provided by LKP Wealth Advisory. Ltd. is believed to be accurate, LKP Wealth Advisory.
Ltd. does not accept responsibility for any inaccuracy or any actions taken upon
support with the information on this site.
Investment in equity shares has its own risks. Sincere efforts have been made to
present the right investment perspective. The presentation/information contained
herein is based on analysis and on sources that we consider reliable. We, however,
do not assure for the consistency or the completeness thereof. This material is
for personal information and we are not responsible for any loss incurred due to
its & take no responsibility whatsoever for any financial profits or loss which
may arise from the LKP wealth Advisory Services.
Please note that LKP Wealth Advisory Ltd. does not guarantee or assure any kind
of return or profit to its clients/subscribers. Our Clients, any third party or
anyone else have no rights to forward or share our picks any other information provided
by us to/with anyone which is received directly or indirectly by them. If found
so then Serious Legal Actions can be taken.
LKP Wealth Advisory .Ltd., is not responsible for any errors, omissions or representations
on any of our pages or on any links on any of our pages.
LKP Wealth also discloses that it will provide execution services through its holding
company “LKP SECURITITES LIMITED”. The client shall not be under any obligation
to avail the distribution or execution services offered by its holding company.
Any surfing and reading of the information is acceptance of this disclaimer. All