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Insurance Article

Living in Ahmedabad - Which Health Insurance Plan Should You Opt For?

August 09 2017
Insurance

A list of things for ‘Amdavadis’ to know before choosing a health insurance policy

Health is extremely important to do anything in life and when you live in a fast-paced metro city like Ahmedabad, you put it severely at risk. However, health insurance can be your saviour, if you know which policy to opt for. Be sure to consider these factors before deciding on which health insurance policy will be best for you.

Cover

The total cover or sum assured of your health insurance plan should meet your medical needs. So, it is important to account for inflation and the cost of health care in your area while calculating it.

In Ahmedabad, as in most major metros, the cost of health care is pretty high. Since, Ahmedabad is also a fairly ‘high risk’ area, there is a greater chance of needing to make a claim. It is therefore, advisable to purchase a health plan with a higher cover amount if you live in the city.

Budget

Your budget for the health insurance plan, is the amount you’re willing to pay as premium. This should be decided only after putting away enough money for your basic cash flow, including bills, rent, fees (if any), etc.

The cost of living in Ahmedabad is fairly low, compared to other metros. Therefore, you may be able to afford slightly higher premiums depending on your income. However, it is still advisable to find a health insurance policy that meets your needs, without burning too big a hole in your pocket.

Claim Settlement

The claim settlement ratio is an important factor to note while deciding the insurance company you wish to buy the policy from. Companies with higher claim settlement ratios (or lower claim pending ratios) are more likely to be better and more efficient at handling claims. A few health insurance companies in Ahmedabad, have good claim settlement ratios. You can choose one from among them.

Risk Factors

Health insurance policies often do not cover certain types of diseases, until a two year continuous coverage with the company is completed. However, there are permanent exclusions as well. It therefore, becomes necessary to add these risk factors into the list of things to consider.

According to recent statistics, heart disease is the deadliest killer in Ahmedabad and all of Gujarat. Make sure to choose a health insurance policy that covers this.

Network

Every insurance company will have a list of network hospitals in different cities. It is only from these hospitals that you can avail the cashless hospitalisation benefits. Here is the list of hospitals in Ahmedabad that are associated with ICICI Lombard.

Alternative treatments like Ayurveda, Siddha, Unani etc. will not typically be covered by a standard health insurance plan. However there are add-ons you can opt for that provide these benefits.

Research the many different policies, along with the benefits available for each, before deciding to take the plunge. An insurance agent/expert can help clear any doubts that you may have.

Related Article:

5 Things to Keep in Mind While Buying Health Insurance in Mumbai
What Do You Look for When You Compare A Health Insurance Policies?

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