#Insurance #healthinsurance On this topic I had written a thread and few interesting questions came up. As and when time permitting am responding. Today am answering the poser from @savitanarayan . Her points:
a. Medical Insurance is so non-transparent
b. Also needed is some info on what the buyer shd look for in the fine print before signing up. It’s a merry dance afterwards with the insurance company holding all the cards.
Since both are interlinked, answering them below.
b. Also needed is some info on what the buyer shd look for in the fine print before signing up. It’s a merry dance afterwards with the insurance company holding all the cards.
Since both are interlinked, answering them below.
It is different strokes for different folks. One size does not fit all. What factors do we need to consider when buying #healthinsurance? Every Health Insurance covers:
First part, looks at general features. Second part, what you, the buyer, should do.
#HealthInsurance
First part, looks at general features. Second part, what you, the buyer, should do.
#HealthInsurance
Features
a. inpatient treatment in Hospital.
b. Pre and Post Hospitalization treatment - no. of days covered - check the no. days of cover offered
c. Waiting Period - There are 3 of them - check and understand them.
a. inpatient treatment in Hospital.
b. Pre and Post Hospitalization treatment - no. of days covered - check the no. days of cover offered
c. Waiting Period - There are 3 of them - check and understand them.
d. What is the No Claim Bonus being offered - it varies from 10% to 60% per year
e. Many policies give Sum Insured Recharge / Reload - check if it is being given or not and if yes, what are the terms.
e. Many policies give Sum Insured Recharge / Reload - check if it is being given or not and if yes, what are the terms.
f. Treatment abroad for diagnosis done in India
g. Vaccination
h. Maternity Cover - few insurers provide it
i. Organ Donor expenses
Are the points from (e) to (i) being covered?
g. Vaccination
h. Maternity Cover - few insurers provide it
i. Organ Donor expenses
Are the points from (e) to (i) being covered?
As a buyer of Health Insurance, what should you do?
a. Compare the features and finally compare the premium. - Don't compare premium first.
b. There is something called the Customer Information Sheet that is available on the net or you can ask for it from the Insurer.
a. Compare the features and finally compare the premium. - Don't compare premium first.
b. There is something called the Customer Information Sheet that is available on the net or you can ask for it from the Insurer.
c. Insist that for your questions, they must reply by way of a mail to your questions. Don't take replies like, "Main Hoon Na" as an answer. You are the premium paying customer and you have a right to ask.
#healthinsurance
#healthinsurance
d. If you, as a customer of SBI, are going to buy SBI General's Health Insurance, then ask for the FAQs that is supposed to be given alongwith the proposal form. That is an excellent and a very informative note that is provided by SBI General through SBI Branches.
Hope @savitanarayan - I have been able to answer some questions that you asked. If you any further questions, please let me know!
@wataboutery
@wataboutery
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