5 Things To Think About When Looking To Get A Health Insurance Plan

Today, insurance is the most important asset. It is a necessary safety net that shields us from unforeseen costs in emergency situations. Health insurance is no longer a tax-saving strategy; it is instead a requirement. It enables you to receive the finest medical care without concern for treatment costs. Your demands should be taken into account while choosing a health insurance plan, not those of the general populace. A comprehensive customisable health insurance can keep you and your family protected against unanticipated unfortunate circumstances.

Asking a financial advisor to suggest the top plan on the market right now may seem like the simplest way to get around the ostensibly arduous task of selecting the finest health insurance plan. Alternately, you might choose a personalised insurance plan by being wise, careful, and diligent.

Here are the top 5 things to think about when looking to get a health insurance plan:

1. Adequate sum insured or the right amount of coverage:

The sum insured amount, which covers medical expenses for a year, must be carefully chosen. Age, hospital type, city, annual income, and add-ons for all emergencies should all be taken into account.

Reliance Health Gain, a new health insurance plan from Reliance General Insurance Company, includes each of these crucial components. Customers can select a sum insured ranging from 3 lakhs to 1 crore, depending on the city they are in, and they must be 18 to 65 years old. What’s more? Customers over the age of 65 should not worry RGI also provides a 3 lakh sum insured to all age groups over 65. This policy has no age restriction for a sum insured of up to 3 lakhs. Thus, this benefits senior citizens who might not otherwise have access to health insurance.

2. Lifetime renewability options and adequate coverages:

Your policy must provide a twofold cover on the same claim when you exhaust your policy’s sum insured due to lengthy hospitalisation, which is what Reliance General Insurance’s Reliance Health Gain Policy currently offers. Additionally, the Health Gain Plan allows for unlimited restoration add-ons and multiple basic sum-insured restorations per year for unrelated illnesses or injuries. In reality, they can use this coverage up to the whole base sum covered for associated illness or injury. In the event of a typical hospital stay lasting longer than 72 hours, the policy also provides daily cash for 30 days. The policyholder will receive twice as much money for a 15-day hospital stay in an intensive care unit (ICU), and as an added benefit, you can keep your unused cumulative bonus even in the event of a claim.

3. Network of cashless hospitals and covering all costs:

The largest hospital cashless network must be owned by the insurance company. Why does this matter? Hospitals in the network provide a cashless alternative during the hospitalisation process whereby the hospital immediately settles the medical fees with the insurance provider. Choose insurance with a larger network of hospitals. For cashless health insurance claims, Reliance General Insurance offers a network of more than 8600 hospitals.

Typically, when you consider hospitalisation, you consider paying for the essential hospital expenses like routine room billing, pathology testing, etc. Any health insurance plan will pay for these. On the other hand, Reliance Health Gain offers unique benefits including consumables, companion cover, a single private room, etc. The ideal situation would be for your insurance to pay for everything, including ambulance fees and prescription expenditures that arise after the treatment.

4. Easier claims settlement process and grievance ratio:

Since insurance is a service agreement, you’ll need a firm that can handle your claims quickly and painlessly when you’re in the hospital. It is beneficial for the insured if the claims process is straightforward and claims are resolved quickly. Beware of poor customer service.

Within six business hours for cashless claims and within 21 days for reimbursement claims, according to Reliance General Insurance’s guarantee. In accordance with reports released by the regulator, they have the lowest grievance ratio.

5. Ensure your family is covered and choose the family floater plan: 

Indians adore living together as a family. We adore living with our relatives that are not necessarily dependent on us, such as our parents, parents-in-law, brothers, and sisters. Family members that are older are almost always more prone to illness. Make sure that everyone in your family is protected by and covered by your policy. Before purchasing the policy, take into account and declare their age, any prior illnesses, and all other medical histories.

A joint family is important, and Reliance General Insurance recognises this. As a result, Reliance Health Gain offers a feature that allows you to cover up to 12 family members, including extended family members like your father, mother, father-in-law, and mother-in-law, under a single family floater policy.

 

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