We’ve got lived in uncertainty all through this 12 months, with the concern that coronavirus would possibly infect us or our members of the family. It’s an affordable concern contemplating over 78 million individuals internationally have been affected by the COVID-19 virus killing over 1.7 million of them[1]. In India additionally, over 10 million individuals have already been contaminated by the lethal virus, out of which, virtually 1.5 lakh individuals have misplaced their lives[2]. This has made a number of us realise how vital our well being is, and the way essential it’s to safeguard it with a very good medical insurance coverage.
Many individuals, nevertheless, don’t deal with medical insurance plans with the seriousness they deserve, not less than not till some adversity shakes their lives. What’s necessary to know is that this monetary product protects you from unwarranted emergencies. On the identical time, being insured helps you get cashless therapy and high quality well being care at a reputed hospital. It additionally supplies for some nice tax financial savings!
Now, once you go on the lookout for a medical insurance coverage, you’ll be spoilt for selection. There are a plethora of choices obtainable at present, which could make it tough so that you can choose one. That’s precisely why the next 5 parameters will aid you make the best selection:
Sum assured: Because the title suggests, it’s the most worth that your insurance coverage firm can be liable to pay, in case you fall sick and must make an insurance coverage declare. Any further expense past your sum insured should be incurred by you by yourself. Since medical prices are excessive at present, you will need to go for a better sum assured that may present safety to each you and your loved ones in occasions of want.
Sort of protection: Insurance coverage corporations have designed various kinds of medical insurance plans for various wants. There are particular ones for ladies, for essential sicknesses, for senior residents, for people, for households and those who provide prolonged protection. The coverages supplied by these various kinds of medical insurance coverage are totally different. So, examine medical insurance plans and take a name based mostly in your wants. For instance, if you find yourself single, it’s good to have a person medical insurance plan. Nonetheless, it will be even higher if the chosen plan means that you can add one other member, maybe once you get married or have kids. So, it’s essential to pick a plan that fits your wants at each stage of your life.
Renewability: As soon as once more, this is a vital parameter. Medical insurance will not be a one-off funding. It’s extra about long-term wants. Ideally, your medical insurance coverage will need to have a lifelong renewal choice, to be able to renew it yearly, and go about your life with out worrying about something. There shouldn’t be any cap on age. However, be sure to verify it correctly earlier than choosing the coverage.
Declare settlement ratio: It’s not simply in regards to the cowl {that a} medical insurance coverage provides. Additionally it is necessary that your claims are settled successfully, and on time. Because the title suggests, the declare settlement ratio is the proportion of insurance coverage claims paid out by the insurer out of the full claims filed throughout a monetary 12 months. The upper the ratio, the higher it’s for you since you could be relaxation assured that each one your real claims can be accepted by the insurer.
Cashless hospitalisation advantages: Final however not the least, your medical insurance coverage should provide the good thing about cashless claims and high quality medical care at community hospitals. A cashless medical insurance coverage means you don’t have to shell out something in case of a medical emergency. Apart from, the bigger the community of hospitals, the higher it’s!
Why Bajaj Allianz?
Medical insurance plans by Bajaj Allianz Common Insurance coverage tick all the best bins in the case of these parameters. It provides medical insurance insurance policies that cater to varied people or wants – ranging from addressing essential sicknesses for ladies, insurance coverage for senior residents, well being infinity plan, private accident plan, and a well being guarantee plan, amongst others. Every of those insurance policies caters to a particular want, so you possibly can decide the coverage based mostly in your necessities.
Plus, in tune with the occasions, Bajaj Allianz’s insurance policies additionally cowl medical bills pertaining to COVID-19. Whether or not it’s hospitalisation, day care procedures, AYUSH therapy, ambulance costs or fast declare settlements, all the things is taken care of.
And should you thought this was all, there’s much more that the insurance policies provide:
● Cashless claims facility at over 6,500+ hospitals throughout the nation
● Cashless declare settlement inside 60 minutes
● 24*7 name help for claims settlement and all of your well being insurance-related queries
● In-house Well being Administration Crew (HAT) for sooner claims processing
● Most protection at reasonably priced charges
● Simple-to-buy/renew on-line insurance coverage insurance policies
● Fast declare settlement as much as Rs 20,000 by its app through Well being CDC (Declare by Direct Click on)
● Entry to sound medical care with a variety of Community Hospitals all around the nation
The age-old adage, ‘well being is wealth’, has assumed higher significance now greater than ever. Though consuming a nutritious eating regimen and interesting in train are necessary for good well being, one by no means is aware of when an exigency strikes. In such a state of affairs, you don’t simply face struggles bodily, mentally and emotionally, but in addition financially. However, that’s should you don’t have a medical insurance coverage. So get your self insured at present, and reside a protected and safe life with out worrying about tomorrow!
Supply:
[1] https://www.worldometers.information/coronavirus/
[2] https://www.worldometers.information/coronavirus/nation/india/