20 Point Check List for buying Health Insurance Policy

20 Point Check List for buying Health Insurance Policy

January 16, 2018 Off By HealthInsuranceAdvisor

There are so many Insurance Companies offering Health Insurance Policies in India and It has created a great confusion among people, that which company is better and which product feature a person must opt for.

Should I buy Religare Health or Apollo Munich or Max Bupa or Star Health or Icici Lombard ???

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Few points should be considered , when you choose a company….

1. How old the company is?

2. Is it a specialist in Health Insurance , A well known brand┬á for claim experience? Ask a wealthy Doctor , he can give a good feedback. ­čÖé

3. How many health Insurance products, this company has? It shows their focus on building portfolio.

4. In house claim settlement or Third Party Administrator ? My perspective, both are good. TPA has better experience and more hospitals on network.

5. How far is The Service branch from you ? If your advisor has the capability to help you in all aspects, then this cant be deciding factor.

6. Whats response of customer care Toll free number ? You can give a call and check it out.

7. Does features of the product matches the premium ? Every company has different premium as per value added features. See it from perspective of your insurance needs.

8.  Can I increase my sum insured in future ? How much high cover is possible in this product. ?

9. What are the premiums after age 51 , 56, 61 , 66? Always check that

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10.┬áIndividual or Family Floater is better for me ? Ask your consultant about the difference and how it matters to you…

11.  Choose from Pvt or Public sector company. Well this is again a very good emotional factor for older generation.

12. Do I benefit in some way by Directly from a company ( Online ) or From an agent or a Broker ?

13. How much Sum insured is sufficient?

14. Which is the best company in claim settlement ?

15. Will I be able to use portability in future with this product ?

16. Does it provide cashless without  room rent limit in Super specialist hospital ? Very crucial.

17.┬áWhom to ask , there are life insurance agents , general insurance agents ,,,,No Health Insurance advisorÔÇŽ?┬á Ask a guy , who is unbiased.

18. Fix a dead line to buy it.. Dont hurry , but dont delay much.

19. Does my agent has settled previous claim…Does he have many claim settlement experiences ?

20. Do I know enough about claim procedure, In case my agent does not help ?

Ask us more , we will try to help you.