Health Insurance / Mediclaim Insurance compensates us against hospitalization expenses and Medical bills. Now there are 26 companies operating in the market and every company has 3-4 products, how should I choose which product best suits me. For this you need to compare these products on the following parameters:
Companies impose a capping on doctors fees, ICU charges, Room rent, Operation Theatre charges etc. There are some companies offering product without any Sub Limit or capping.
Any treatment which earlier on used to take more than 24 hours hospitalization and now due to technological advancement is taking less than 24 hours hospitalization, is called day care procedure. Companies have list varying from 35 to 200 such procedures. One company offers “All day care procedures covered”.
It matters because no new company will give me insurance after 65/70 years, especially because I may have some pre existing ailment as well at that time.
Some companies increase premium upto 200% on claim, however, there are options of companies not imposing any Loading.
Here company gives Delivery charges. There is always capping on this amount. Some companies offer it after 2 years/ 3 years. Those planning family during this time can check maternity benefits. Some companies also give coverage for New Born Baby/ First year Injections.
Coverage for New Born Baby/ First year Injections: Some companies cover this.
Must check this list as some companies cover everything after 90 days. Some companies cover 14-15 diseases after waiting for 2 years.
Some companies cover after 2 years / 3 years/ 4 years. This is very critical and should be in writing at time of issuance of policy
- We deal with all companies, so we are not biased towards any one company.
- We give you comparison across industry on 30 parameters to compare apart from price alone.
- We are there for you at time of claims.