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  • Writer's pictureV Govindas

Guarding Against the Unexpected: The Role of Medical Insurance

Updated: Apr 28, 2023

We may get ill in our lives for a variety of reasons, including inherited, climatic factors, dietary habits, physical stress, mental stress, or accidental injury. Then, in order to cover the hospitalization costs, we must either use our hard-earned money or take out a loan.

Whatever the size, it has an impact on our financial arrangements for that time period. Therefore, having quality medical insurance is advised in order to safeguard our savings or debt.

There are several different kinds of medical insurance, including senior citizen health insurance, family floater insurance, and individual health insurance.

We must purchase a reliable health insurance plan based on the health of our family. Considerations for purchasing an Insurance Policy from a company should include its financial stability, dependability, and claim settlement ratio. We should also choose the intermediary who will keep an eye on your renewals and claim resolutions in the event of reimbursements.

The exclusions must be understood explicitly during the Claim's settlement process. So that there are no misunderstandings during the hospitalization or Claim settlement, be aware of the limitations of Room Rent, ICU Charges, Medical Expenses, Non-Medical Expenses, Cumulative Bonus, Auto Recharge, re-instatement of Sum Insured, waiting periods, continuity of policy, renewal conditions, voluntary co-pay, voluntary excess, etc.

Insure and Be Secure.


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