There are so many options for mediclaim in the
market for policy holders to choose from, that, they - policy holders are
confused by the variety. Mediclaim or health insurance is the most basic
insurance after life insurance and it is an important responsibility, so one
has to be extra cautious when they opt for a mediclaim policy making sure they
don't miss the main points.
This is where a person can go wrong.
People usually assume the cheaper and more affordable policy will be best. It
is best to take time to check the coverage offered, your requirements and
whether the policy addresses your concerns. Never make the mistake of choosing
a policy only because it is cheap. When there are options available it is best
to do a comparative analysis and then decide.
It is also important to remember that premiums
increase as we grow older. It is essential to keep in mind to take a policy
where the premiums increase with old age but are still affordable on
retirement. Premiums that rise exponentially so that they become unaffordable
as a person ages should be avoided.
Simple and Straight Forward:
Mediclaims have a lot
of added features which may not be important. It is best to choose a basic
policy which is affordable. We should take care while choosing the policy that
buying something basic the coverage may be very small. With inflation and cost
of medical treatment increasing by the day, we should take a policy with
highest possible cover; the premium may be on the higher side but should be
affordable at the same time.
Check the background of the Insurer:
As the customer you
have a lot of options to choose from while buying a policy. First take the
advice of someone you can trust and who has experience in the matter. Then you
could always conduct a background check in your own way. Search on the internet
for reviews about the insurer. By reading other peoples experience you will get
a fair idea about the dealings of the insurer. Though this is not a foolproof
method it still gives you a fair idea and in case you come across a very bad
reputation you can opt for another provider before committing.
Sometimes, even after taking utmost care you
may face insurance problems, but that is now a matter of chance. Mediclaim is
something you require in extreme circumstances and you can take utmost
precautions. This is a health cover a person relies on and it is always prudent
to be careful rather than sorry.
Hannah Punitha (IRDA Licence Number:
Runjhun Noopur, February 2013