Stay prepared to combat medical emergencies

Tomorrow is uncertain. As long as it brings happy and fantastic days everything is merrier in life. But if it’s an unexpected accident or critical illness for which you are admitted things will go haywire for you. For a moment there will be tensions running into your minds.

More than emotional and physical stress it’s the financial stress that will keep your disturbed. During such dire situations owning a medical insurance policy would be the best possible way to shelter yourself and your family. Medical policies have become imperative in today’s world, whether you want to secure yourself as an individual or for securing your family. It not only ensures you and your family receive the best possible medical treatment during emergency but also aims in offer sufficient financial aid and thus save your hard earned money from being spent in health crisis.

Today, owning a medical insurance policy is probably the smartest move by an individual. There are various factors that contribute to uncertain health issues like rising pollution, hectic lifestyle culture, stress, hereditary disorders, place of living, occupation, poor eating habits etc. So it is better to stay prepared pre-hand to combat such medical emergencies of life. So, whether you’re single or a family person with dependents like spouse, children, siblings or parents it is important to have a proper policy in place. Also, as you only have to pay fraction of medical costs if the need arises, your financial stability doesn’t get threatened. The most important thing is you don’t have to borrow money or take finances at high interest rates thus, thereby making your reputation stay intact in the society.

Today, there are hundreds of general insurance companies that have come up with customized medical insurance policies for consumers. You can pay upfront amount to purchase your policy or make payments in installments.

Types of medical policies:

In India, there is range of policies available suiting as per your varied requirements. You have individuals, couples, nuclear families, women oriented, family floaters and even extended families cover. Also, organizations do come up with mediclaim policy for their employees but these are restricted policies not catering to individual or family requirements entirely. So its advisable to buy individual health policies.

While buying medical insurance policies:

•Understand your family or individual needs, income source and then decide a suitable premium for medical policy

•Buy a medical cover which gives your lifetime renewability as it is important to get covered properly during old age.

•Opt for policies which gives you a restore limit or super top up just in case you fully utilize your sum assured

•Try to be as transparent with the companies as possible. Never lie and hide information. If you have pre-existing ailments, any habits like smoking or drinking, hereditary disorders share it honestly with them.

•All medical insurance policies have a waiting period for pre-existing ailments. It might extend from 2 to 5 years varying from company to company. Get it confirmed accordingly and plan your finances till that time.

•Check out for the inclusion and exclusions in your plans.

Each medical insurance plans has distinct characteristics that cater to requirements that you might feel appropriate for yourself or family. You can get special cover like ‘heartbeat’ plan for individual, couples and nuclear families, pre and post hospitalization medical costs, costs of all day procedures, emergency ambulance costs and hospitalization expenses. You can choose the plan as per your needs and requirements and amount of financial support your family requires. Medical insurance plans are the best helping hands to remove the hassles in our lives.

Source: https://justpaste.it/Stay-prepared-to-combat-medical