Remember before you purchase a health insurance policy

1. FOUR THINGS TO REMEMBER BEFORE BUYING A MEDICAL INSURANCE POLICY When you have decided to buy a health insurance plan, there are many essential things you need to keep in mind. Scroll out the top 5 things to remember before choosing a medical insurance plan. 1. Hospitalization expenditure The hospitalization expenses are categorized into two segments depend on the timing of the expenditure. Doctors suggest different diagnoses and tests such as blood tests, CT scans, BP checks, medications, and treatment to look after the disease; these expenses are considered a pre-hospitalization expenditure. Secondly, when a patient gets discharged from the hospital, the patient's costs are post-hospitalization expenses. Generally, insurance agencies compensate for the pre and post-hospitalization expenses after completing effective treatment during hospital admission. Bima Plus has been named the best Health Insurance Advisor in Noida Sector 2, and we help people buy insurance suitable to their budget and requirements. 2. Types of insurance Insurance agencies provide different insurance plans for a variety of customers. Some medical insurance gives benefits to old age clients that cover already in-built ailments. However, an insured person must make sure what things are covered and what doesn't fall under the insurance plan. As a credible Health Insurance Advisor in Noida Sector 18, Bima Plus states that a standard health insurance policy might not compensate for critical sickness. Hence it is essential to understand the comprehensive details of the insurance

2. plan. However, some insurance agency provides special coverage for critical diseases and risky ailments. 3. Top-up plans Top up insurance plan allow an already medical insured person to increase the coverage amount of the policy. For instance, if a health insurance plan gives INR 5 Lakh benefits, customers can get the top-up plan's benefits by increasing it by 7 lakh. The extra coverage is relevant when the existing cover exceeds. Generally premium for the top plan is comparatively less than the normal plan. 4. Incurred claim ratio The incurred claim ratio is defined as the loss ratio, which is the total amount of claims promised by the insurance agency annually against the full premium amount collected. This is a sign utilized by experts to identify the capability of an insurance agency in claim settlement. If an insurance agency has a higher ratio, then it will benefit the insured individual. IRDA (insurance regulatory) provides the ICR details so that the insured person can choose the best insurance agency. Bima Plus,Health Insurance Advisor in Noida Sector 2, has a good record in IRDA. Original Source - https://bit.ly/2K87BOe