The ongoing COVID-19 pandemic has unleashed an economic crisis as well as human development crisis health Insurance has become vital in these unprecedented times and many people are looking for health insurance online.
Many ‘healthy’ people have the myth that health insurance is only needed by people who have health concerns. It is a necessity and the pandemic is just a reminder for the same. Medical costs are rising with each passing day and a good health insurance cover will secure yours and your family’s future.
There are different types of health insurance policies and it is important to have a clear understanding of ‘what’s covered & what’s not’ and ‘who’s covered & who’s not’ as a part of the health insurance policy. Most insurers offer health insurance plans that cater to individuals (single person) or a group of individuals (e.g. families). For example, Royal Sundaram General Insurance offers ‘Lifeline’ and ‘Family Plus’ health insurance plans. Lifeline plan caters to individuals and their spouse & children whereas the Family Plus plan is designed for large families.
Before buying health insurance online, you should look for the following factors:
1. Online reviews of the insurance company
2. Existing investment portfolio
3. Family’s requirements
4. Coverage offered
5. Insurer’s credibility
6. The network of hospitals that provide cashless treatment
The insurer should also have a good ‘Claim Settlement Ratio’ (i.e. the percentage of claims settled by the insurer in comparison to those submitted by policyholders). You should also check whether the policy would cover hospitalization expenses including the quarantine period arising due to COVID-19. You should also have an answer to the question ‘How much cover do you (or your family members) need and what should be the insurance premium’? Health Insurance Calculator can be useful in deciding the premium amount that you have to pay for your health insurance premium.
Health Insurance Calculator is available online and helps you in deciding the best-suited health insurance policy at an affordable price. It takes several data points like age, medical history, existing ailments, and more before generating the results for you. Health insurance calculators should be used irrespective of whether you have prior knowledge about investing in health insurance.
Major benefits of Health Insurance Calculator when buying health insurance online:
1. Compare different health insurance plans online before arriving at the final decision
2. Have an estimate of the approximate premium amount before buying the health insurance policy
3. No dependency on insurance agents, as the entire calculation is done online
The demand for Health Insurance Policies has witnessed a huge spike in the wake of the COVID-19 pandemic. However, the benefits offered by a health insurance policy go well beyond the pandemic.
Health Insurance Calculator is an ideal tool that will help first-time (and repeat) health insurance customers to select the ideal insurance premium and insurance policies without stepping out of their homes.
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