If you’re wondering how to apply for health insurance, be aware that application is the second step of the process – after you’ve researched different policies and compared prices and benefits. Private health insurance – the CDC (Centers for Disease Control and Prevention) says that the US health care system is heavily reliant on private health insurance. There is no debating on the importance of having insurance in a country like India that ranks very low on human life index.
As with any insurance policy, it’s important to research your options carefully. So, if you pay the medical insurance premiums of your parents, you can save up to Rs35,000 in taxes. Avail insurance cover by your new insurer up to the sum assured by the previous policy.
If it suits you to search disallowed in rank on life insurance policies next to five in the morning, afterward life insurance companies on the Internet are present meant for you next to five in the morning. For an example, If you opt for a family floater health insurance policy with sum assured amount of Rs. 5 Lakh to keep your family of 4 members protected, all four members are entitled to make claims till the exhaustion of the total sum assured.
HDFC ERGO General Insurance has been awarded the ‘iAAA’ rating by ICRA that indicates its highest claim paying ability. Therefore, every person buying insurance will pay the same price as everyone else buying the same policy, and every person will get at least the minimum level of coverage.
While comparing health plans you can sort the cost-effective policies out from a myriad of health insurance plans. Some insurance companies cover add-on benefits like free medical checkups and/or diagnostic tests in case of no claim. With numerous choices to pamper you, as a consumer, there’s perfect sense in cherry-picking the one that will provide you with not just a meager health policy but an all-inclusive package.