Tuesday, October 15, 2013

Health Insurance Policies

Have you read your health insurance policy carefully..?

As we already know that the health insurance policy is very essential thing for anyone regardless any income group or age group. It is mandatory part of any comprehensive financial planning. Many private and public sector companies provide these types of policies with many attractive benefit and limitation.

Many companies come with these types of policies with restriction like hospital daily room rent and many exclusions like pre existing decease. Now, it has become more important that we should read all the term and conditioned very carefully. At present, there is no free look in facility but IRDA has indicated that they can implement this norm on health insurance policies. As per current scenario, it is only implemented on life insurance policies only.

Please make sure whether lifetime renewability is available or not with the policy. Many medi-claim policy provider often refuse renew the policy after certain age. You can select a plan that offers lifelong renewal because buying insurance at older age becomes a difficult task in case any ailment. There are many decent policies available with lifelong renewal. Few of them as given below:

  • Apollo Munich Easy Health Plan
  • Apollo Munich Optima Senior
  • Star Citizen Red Corpet
  • ICICI LombardComplete Health Insurance – iHealth Plan
  • Max Bupa Health Assurance
  • Religare Mediclaim

You should check premium and benefit and select the plan according to your need.

For more detail about any other query related investment, you can contact me through my email.

Warm regards,
Arvind Trivedi
Certified Financial Planner

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