Mediclaim Policy Providers in India
Cover Amount of the Policy -
While taking a health insurance, it is important to check which policy offers you the most cover. Certain companies offer a cover of just 50,000 Rupees, while most companies will offer a cover of 5 Lakh Rupees.
Check your Premium -
Based on your cover, you will have to pay a certain premium, and for the same cover amount, different companies might have different premiums. This will allow you to look for the most competitive price before putting any money into the policy.
Co Payment -
Depending on your age, or which hospital you go to, you might have to pay for 20% or 10% of your claim. This is known as co-payment. It is always important to check if co-payment is necessary before you commit to any one policy.
Read Policy documents properly -
Once you check your cover and your premium, it is also important to check whether or not there is a premium loading after a claim. If you were to file for a medical claim that is over 200% of the premium amount, then you are susceptible to paying a much larger premium the following year. Even if you bought your health plan because of a lower premium, your premium may not stay static, and it is important to keep this in mind. Most companies will also put restrictions on what kind of treatments they will cover. No policy will cover elective cosmetic surgeries, while some will cover life-threatening diseases like cancer. Policies will also have a specific waiting period for certain diseases. All of these details will be specified in the policy itself, so it is important to go through the policy properly before putting any money in it.
Choose Hospital as per your requirements -
In India, Mediclaim policies have different limits on different rooms. Based on your ailment, you might need to go to an I.C.U, and your insurance is not likely to cover the entire cost of the room. The same will go for maternity rooms, based on whether you want a private room, or any other specific facilities. When you need to go to a hospital, it is best to go to one of the hospitals affiliated to your policy. This will allow you to get a cashless claim. Companies like TATA AIG, have more than three thousand hospitals across the country where policy owners can avail of a cashless transaction. It is also important to check what kind of everyday treatment your policy covers as well. Based on your own health history, and all the information presented to you by the different policies, you can then make a decision about which policy will suit you best.
While taking a health insurance, it is important to check which policy offers you the most cover. Certain companies offer a cover of just 50,000 Rupees, while most companies will offer a cover of 5 Lakh Rupees.
Check your Premium -
Based on your cover, you will have to pay a certain premium, and for the same cover amount, different companies might have different premiums. This will allow you to look for the most competitive price before putting any money into the policy.
Co Payment -
Depending on your age, or which hospital you go to, you might have to pay for 20% or 10% of your claim. This is known as co-payment. It is always important to check if co-payment is necessary before you commit to any one policy.
Read Policy documents properly -
Once you check your cover and your premium, it is also important to check whether or not there is a premium loading after a claim. If you were to file for a medical claim that is over 200% of the premium amount, then you are susceptible to paying a much larger premium the following year. Even if you bought your health plan because of a lower premium, your premium may not stay static, and it is important to keep this in mind. Most companies will also put restrictions on what kind of treatments they will cover. No policy will cover elective cosmetic surgeries, while some will cover life-threatening diseases like cancer. Policies will also have a specific waiting period for certain diseases. All of these details will be specified in the policy itself, so it is important to go through the policy properly before putting any money in it.
Choose Hospital as per your requirements -
In India, Mediclaim policies have different limits on different rooms. Based on your ailment, you might need to go to an I.C.U, and your insurance is not likely to cover the entire cost of the room. The same will go for maternity rooms, based on whether you want a private room, or any other specific facilities. When you need to go to a hospital, it is best to go to one of the hospitals affiliated to your policy. This will allow you to get a cashless claim. Companies like TATA AIG, have more than three thousand hospitals across the country where policy owners can avail of a cashless transaction. It is also important to check what kind of everyday treatment your policy covers as well. Based on your own health history, and all the information presented to you by the different policies, you can then make a decision about which policy will suit you best.
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