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Insurance Article

Consider different aspects to dispel doubts like what is health care policy and its benefits?

March 11 2013

With the rising awareness of insurance policies, many individuals are taking notice of the benefits of a health insurance policy in particular. This is because medical aid in India is becoming expensive due to the rise in inflation. Also, the unexpected nature of such medical emergencies not only causes stress but also causes sudden loss of finances if hospitalisation is required.

A large number of the Indian population is still clueless such a policy plan and are frequently ask “What is a health care policy?” and “what all must a health insurance plan include?” To dispel doubts, it is advisable to gain more knowledge about health insurance policies either from different health insurance agents or by logging on the internet. Due to the convenience factor and wide accessibility in India, many insurance companies display a variety of health insurance quotes on their websites. Such websites also offer adequate information about the policy structure.

The most important aspect to consider is the extent of coverage for different types of ailments or injuries borne by the insured individual due to accidents. It is best to opt for a cover that offers coverage not only for ailments and diseases but also offers covers different hospitalisation costs. This will help to greatly reduce the overall cost of treatment and also prevent sudden rise in expenditure.

Entry age and renewability are other important sections to be carefully reviewed before opting for a particular health insurance cover. A policy that does not have limits on entry age is advisable as you can enjoy all the coverage benefits regardless of your age at the time of purchase. However, certain health insurance plans have a wide range of entry age that makes children, middle aged as well as elderly individuals eligible for individual as well as family health insurance plans. The policy that you select must have either lifetime renewability or have an extended renewability period so that you and your family can stay insured for any medical emergency in the future.

Some policy plans have a flexible policy structure with respect to the sum insured. Sum insured is the total compensation offered to the insured individual or to the nominee mentioned in the policy during sudden hospitalisation or death of the individual. Availability of options in the sum insured range will not only enhance the policy coverage but also help you select a policy within your budget.

Availability of add on covers and ease of online purchase and payment must also be checked for to buy a correct health policy. All these features when carefully checked for are sure to dispel doubts that arise with questions like “what is national health policy?” and enjoy optimal medical coverage.

Disclaimer - The article contains only an indication of the cover offered. For complete details on coverage, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. ICICI Lombard General Insurance Company Limited. Insurance is the subject matter of solicitation.

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