A lot of people are unaware about the merits of an insurance cover for health, hence questions like “What is health insurance renewal policy?” and “why do I need one?” are not uncommon. A health insurance policy transfers the risk of finances during a medical exigency to the insurer. This ensures the safety of your funds during such trying times. As the coverage offered by health insurance takes care of several medical expenses, you are spared the hassle of arranging for funds at the last minute. Thus, buying a health insurance policy ensures that the paucity of funds on a short notice will not affect the chances of the ailing to receive quality health care.
When purchasing health insurance policy, it is best to secure one which offers comprehensive coverage. You can then enjoy coverage for several additional medical expenses like room rent, doctor’s or surgeon’s fees, etc. which are small but significant costs when hospitalisation for treatment becomes necessary. To buy health insurance renewal online in India is a very easy task. You simply need to log in online, look for quotes and compare the policies. The cover offered by one insurer differs slightly by another and so does the subsequent premium cost.
Once you have selected your insurance policy, it is important to know what is health insurance renewal structure, the extent of coverage of the policy. You also need to get yourself acquainted with terms like co-payment, deductible and sub-limits if they are included in your insurance cover as they will decide the extent of the coverage and if and when you need to pay any amount for the coverage offered.
A health insurance policy like ICICI Lombard complete health insurance may offers the option of a larger sum insured. With this, you can use the floater cover and insure up to 5 family members with a single insurance policy. For persons below 46 years of age who wish to buy this health insurance renewal online in India, no medical tests are required. This health insurance cover for your family is very easy to mange as you are not required to purchase separate insurance covers to insure different family members.
With lifetime renewability option, this health insurance cover will ensure hassle-free coverage so that a medical exigency does not bring with it financial stress. This health insurance policy may also offers several add-on plans which can be purchased so that you can add value to the coverage offered by this health insurance.
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. This article is brought to you by ICICI Lombard General Insurance Company Limited. Insurance is the subject matter of solicitation.
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