We all live in this world not knowing what will happen to us in the next minute. We live in a hope that we are secure and nothing untoward will happen to us. However, we will realize only when somebody asks you, questions such as: Are you sure you won’t meet with an accident? Would you not be hospitalized for life? Our answers would be “No” for these questions.
So what do we need to do to face such eventualities? Take Health insurance to bear the cost of operation, medicines etc.
What are the various factors to consider when buying such a policy?
Your policy should have critical illness, cash less hospitalization facility. Typically Insurers don’t entertain a claim by the policy holder during the first six months of taking his policy.
Remember insurance companies are there to make profits by “serving” us. No body is doing charity. So it’s very important for us to see the fine print of the health policy you take or you will be disappointed to know these conditions when you make claim. One should do lot of research before taking any insurance policy.
Always go with proven companies. Many new companies tied up with foreign insurance companies are paying aggressive commission to agents to push their policies and get market share. Since any insurance policy is for long term, you never know how long the companies will stay with you.