Priority 2: Health Insurance
These days the hospitalization cost has increased a lot. There are many people who have become victims of financial stress due to rising medical costs. An accident or a medical emergency can take away all of your savings unless you are insured. Hence, it is must to have a mediclaim policy covering you and all of your family members. In insurance what matters is the claim settlement ratio. Your insurer must provide you the money when in need. For this reason I suggest buying insurance from a government agency such as “New India Assurance” http://newindia.co.in/Content.aspx?pageid=115 , "Oriental health care" etc http://www.orientalinsurance.org.in/index.htm . Government agencies have good claim settlement ratio.
There are many private players in the health insurance business but if you read the public reviews for these private players then you will get shocked. Public has horrible experiences of these private players. Consider the situation that you or any of your family member is admitted to the hospital . You need a few lakhs rupees for hospitalization and your health insurer rejects your claim on the slightest pretense. For example, these private players can reject your claim if you do not inform them about your hospitalization within a week. This is just absurd indeed.
If you are an employed person and your employer has provided you the health insurance then also you should buy health insurance policy to cover you and your family. At the time of changing job you lose insurance cover in the transition period, so it is better to have a parallel health insurance.
No comments:
Post a Comment