Now that you’re aware of the growing health concerns, rising medical costs and complex treatment procedure you must have decided to buy a medical insurance policy. You call up the agent and he comes fully equipped with brochures and forms, and starts explaining the polices ranging from the simplest to more complex ones before going on to specific covers such as for surgery and diabetes. As your mind is bombarded with information you start weighing the pluses and minuses of each policy, wondering what suits best cover for diabetes and cardiac care, maternity or cancer etc. For a moment you’re left confused and strangled among st your thoughts. General insurance segment has seen a vast expansion in past decade. There are hundreds of policies available that can cater individual needs at optimum costs. So, it is important you do a thorough research before buying the one suitable to your needs.
Your medical policy takes complete care of expenses during hospitalization in case of sudden critical illness, an accident or pre-decided surgery. Although, corporates are offering medical insurance policies to employees but these are identical ones with limited benefits. It is always advisable to purchase a private policy if you wish to get particular form of disease or health issues being covered under the plan.
While taking a medical policy, there are two different ways you can apply for the benefits during emergency. Either you avail cashless facility i.e these bills will be directly paid by the insurance company. Get admitted to empanelled hospital, inform the policy number at the counter and things will be taken care of or else you can pay your bills in the hospital and get a reimbursement afterwards by submitting the same to the insurance company.
Mediclaim policy will not incorporate all the disease right from day one. To incorporate particular health issue you will have to go through a waiting period of around 2-3 years. Hence, you should buy policy at younger age so that as you gradually grow things will be taken care of well. Also, depending on the plan, some other specific ailments too may not be covered. As per some medical health insurance plans 24 hours’ hospitalization may be compulsory for a claim to be settled. You need to, therefore, read the fine print carefully, so that you understand what benefits you can claim for and what you can’t.
Buying medical plans are quite easy in this internet era. There is no need for you to engage yourself in long proceeding and tedious paper work. Just fill up the form online and get your policy instantly. Online policies are quite cheaper compared to traditional ways. At times, you don’t even have to go through the hassles of medical examinations and policy is approved. Online gives the facility of buying a low cost with just a few clicks of a mouse, or tablets or smartphones. You can even renew policies online to ensure you do not have to stay uncovered at any point of time.
Each medical insurance policy has distinct characteristics that cater to requirements you might feel appropriate for yourself or family. You can buy special cover like ‘heartbeat’ plan for individual, couples and nuclear families, women or senior citizen oriented plan, pre and post hospitalization medical costs, costs of all day procedures, emergency ambulance costs and hospitalization expenses covered under your plans.