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Upgrading your Health Insurance Coverage

Bajaj Allianz is one of the fastest growing General Insurance companies in India and also won awards for Best General Insurance Company & Claims Innovation awards.<br>https://www.bajajallianz.com/Corp/general-insurance/general-insurance.jsp

TomCraig
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Upgrading your Health Insurance Coverage

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  1. General Insurance

  2. Upgrading your Health Insurance Coverage

  3. The amount of health insurance coverage you need has already been addressed in one of my earlier posts, on Health Insurance Coverage for Retirement and beyond. • What we are going to discuss here are the options available when one is looking for upgrading his/her coverage: • While it’s great to hear that you at least have your own independent health insurance, and are not dependent on your employer, it’s high time you realize that with the skyrocketing healthcare inflation.

  4. 1.Upgrade later, when needed: Though this may look like the most cost effective, ‘smart’ thing to do, mind you, this is the diciest options of all. 2. No procrastination. Upgrade your cover now: This is by far, the most ideal option if you have a lifetime health insurance plan and your family is reasonably healthy. 3. Port your health insurance cover + upgrade: If the sum insured you have is the highest available with the current Insurer, you can explore the option of porting your policy to another product within the same insurance company.

  5. Upgrading Features of your plan: Moving to a plan with better features. If you are happy with the sum insured, but not with the features (limitations like room rent limits or co-pays etc. • or maybe the network of hospitals) and you are looking at an upgrade, you need to first look at the same General Insurance company, and check whether they have an advanced plan you are looking for. • In case you like a plan from another Insurance company, you would have to opt for portability with this new Insurance Company 45 days before renewal of your existing policy. • Do remember, in the real world (outside the IRDA guidelines) there are limitations on who can get portability, especially if your family is older than 45 years, has a claim history, or a chronic disease. • http://www.medimanage.com/health-insurance-experts-blog/post/2013/01/17/Upgrading-your-Health-Insurance-Coverage-in-India.aspx

  6. Follow us on https://www.facebook.com/BajajAllianz http://www.linkedin.com/company/653474 https://plus.google.com/+BajajAllianzGIC/posts https://twitter.com/BajajAllianz https://www.youtube.com/user/BajajAllianzGIC https://instagram.com/bajajallianzgeneral/

  7. Click to know more on General Insurance visit: https://www.bajajallianz.com/Corp/general-insurance/general-insurance.jsp Thank You…..

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