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Insurance Article

How can health policy comparison help you select the perfect policy?

January 14 2013

At such times, people do not worry about hospital bills or the costs involved but are focused towards getting the best possible medical care for loved ones. However, at the time of settling bills, arranging for finances may become difficult and can lead to stress for your immediate family. To avoid all such hassles and financial stress, a health insurance policy is essential.

As health insurance is a considerable investment, it would be wise and worth your while to conduct a thorough health Insurance policy comparison. Such a comparison procedure will enlighten you with regards to different insurance plans made available by several insurance companies. You can choose to meet with several insurance agents to acquire health insurance quotes or opt for the time-saving online mode of health shopping around for insurance quotes. A comparison of different health quotes will give you a clear idea about the premium charged for the coverage offered by the insurance plan. Based on this knowledge, narrowing down health insurance plans according to your budget becomes easier.

A thorough health policy comparison will also give you a fair idea about the extent of coverage offered by different health insurance providers. This is important because not all insurers offer similar expenses, disease and medical service coverage. A comprehensive ICICI health policy like Family Health Insurance offers coverage on all medical expenses incurred as an inpatient for hospitalisation of more than 24 hours, all medical expenses 30 days prior and 60 days post hospitalisation as also day care expenses for advanced technological surgeries and procedures like dialysis, radiotherapy and chemotherapy (requiring less than 24 hours of hospitalisation).

It is also important to look into the options available for individual and family health insurance policies. Icici health policy may offers the floater benefit with its ICICI Lombard Complete Health Insurance, where a maximum of 5 family members can be covered with the payment of a single premium. Some health insurance plans allow you to customise the premium amount as per your convenience while others allow the purchase add-on covers for enhanced coverage. Entry age and the limit of renewability are important aspects as they may at times limit you from enjoying benefits of the policy for long.

Thus, keeping in mind above features, comparing health insurance policies is important before you sign the dotted line so that you can be assured of buying the perfect policy which matches your needs and budget.

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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