. This is the reason why most of the people end up buying inadequate insurance or simply no insurance after few renewals. In addition, the insurance agents of a Health Insurance Company in India also end up promoting products where there are higher chances of closing the sale. There are others, who buy insurance because there are associated tax benefits. The Medical Insurance from a Health Insurance Company is considered more of a product than an essential requirement. Insurance is a protection for which you make a payment to the Health Insurance Company.In return, the Health Insurance Company provides an assurance to you,to reimburse the medical expenses incurred by you on treatment of certain categories of diseases.
The Medical Insurance also extends its protection against hospitalisation requirementsresulting from an accident causing severe injury. As mentioned abovethe protection is in the form of reimbursement of money spent by you onyour treatment under specified situations. The Health Insurance Company, which provides Medical Insurance,is known as insurer. The amount paid to the insurer is known as premiumand individual paying the premium is known as policyholder or theinsured. A Health Insurance Company in India can extend same level of financial protection to the whole family under one-single Medical Insuranceplan known as a Floater Plan. A Health Insurance Company in India has to compete with several other insurers in the market.
Therefore, selecting a Health Insurance Company and suitable health insurance plan could be a daunting task. However, with advent of internet andecommerce, searching for the best insurance product has become a loteasier. Several ecommerce websites allow you to get a health insurancequote instantly. Not only do you get the price quote but it also allowsyou to compare insurance features, benefits from different insurers.
Thus, you never need to contact any insurance advisor and can compare and discover the best health insurance providerfrom among different insurance companies that give you optimal healthcoverage. Since, you get to know the product features, benefits, andprice from different companies at one place you are able to decide onthe optimal health coverage sitting at home. Some insurance companiesmay further discount the premium if you buy the policy online. Inaddition, you may also benefit from some seasonable offers that aregenerally announced on insurer’s website. Summary:
Buying a Medical Insurance from a Health Insurance Company in India is as good as buying a product without knowing why you need it. A Health Insurance Company may provide different Medical Insuranceproducts but you should know why you need a particular product. Severalecommerce websites allow you to compare different products from each Health Insurance Company in India. However, both Health Insurance Company and insurance product must be selected based on comparative judgment.