Choosing the Right Mediclaim Policy
Insurance is something that people can't do without these days, even if you're in excellent health. In order to be best prepared for the unexpected, you need to make sure that you have health insurance, or as it is also called - mediclaim insurance. With the wide range of plans available to you in the market, you had best start narrowing down the plans to what it is that you're looking for. And the decision isn't as simple as picking one at random. As with anything important, you need to analyse your own needs first. Consultations, prescriptions and dentistry bills are something that are run-of-the-mill and you might be able to afford it if your visits are few and far between. These are rather minor matters - so you need to focus on other issues. What would happen if you ended up having to be unexpectedly hospitalised? You might be floundering for an answer.
These are the kinds of things you want to focus on when you're looking for the right mediclaim for you. Look at each plan and what the features are, instead of looking at the premiums you need to pay. Money and premium payments might be the issue but it'll still be an issue during an emergency and you'll be left with fewer options at that point. Starting your search with premiums first means that you might not opt for features that you might need later on. And that might defeat the whole point of getting insurance - getting protected from the unexpected.
You want to to buy lifetime health plans. Buying plans that might expire after a while will simply leave you high and dry when you most need some help. But if you're determined to get term plans go for those plans which have the longest renewal age. Even if you're at an advanced age, you should be able to get the plan renewed. You'll have set limitations for any problems that you need to get seen so take that into account before you set an upper limit. Surgeries especially can be costly, always opt for a plan with a high range in terms of coverage. You should also decide whether you want to co-pay and how much of the expenses you would be willing to co-pay for. The amount you pay before the company pitches in is called the co-pay. If your claim exceeds the limits of your insurance though, you'll have to pay for that along with your share of the co-pay. So when you're picking your medical insurance policy, make sure you make your decisions smartly.
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