10 Ways to Identify the Best Medical Insurance for Yourself

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Are you looking for the best medical insurance for yourself? Don’t worry because we are here to help you navigate your way to a perfect medical insurance. You must know that buying medical insurance is a task that requires thorough research, but some points need more focus to obtain the best medical insurance. In this article, we will show the ten ways to identify the best medical insurance for yourself.

In India, nearly 500 million people had medical insurance coverage in 2020, as per a Statista report. It is almost half the population of the country. These people choose various methods to identify a suitable medical insurance policy by taking advice from friends, family, acquaintances, and online websites.

But the best way to finalize a medical insurance plan is to gather all the potential policies and compare them. By doing so, you will realize the different perks and advantages of various policies on your own. You must consider the below 10 points to identify the best medical insurance plan.

  1. High Insurance Cover

Before buying medical insurance, you must decide how much insurance cover you require. With the expected insurance amount, you will get a list of several best medical insurance policies that provide such covers. The best medical insurance policy will always have the highest possible insurance cover.

  1. Affordable Premium Amount

The next step in identifying the best medical insurance policies is their premium amount. There is no use in considering insurances with high premium costs. So, always consider medical insurance that is within your affordable range.

  1. Facility To Add Family Members

The best medical insurance policies always have facilities to add family members or spouses. The benefit of such joint insurance plans is that the final premium amount will be much low and the total insurance cover will be higher. Therefore,having a family medical insurance policy is good because it provides maintenance and renewal easiness.

  1. Lesser Waiting Period

Insurance providers have a certain amount of time set as a waiting period for people with pre-existing medical conditions. The duration of this waiting period can be anywhere between two to four years for the best medical insurance providers. It will benefit you if the policy’s waiting period is as low as possible.

  1. Lifetime Validation

Sometimes insurers limit the policyholder’s age, and after a certain age, they cannot renew the policy and get insurance. If this happens to you, you will have to search for new insurance companies. To avoid this trouble at a later stage, you should always choose a medical insurance policy that has lifetime validity.

  1. Claim Restoration

An excellent feature of the best medical insurance policy is claim restoration. Claim restoration is the restoring the insured sum in the same policy year after depletion due to a medical emergency.

  1. Day-Care Benefits

Day-care benefits are an essential feature of the best medical insurance policies. They cover the charges incurred during a less than 24-hour treatment at a hospital.

  1. Plenty Of Network Hospitals

Some of the best medical insurance policies can be claimable at every hospital. But if that facility is not available, you can choose a policy with the maximum number of network hospitals. You should also make sure that there are enough network hospitals in your location.

  1. Faster Claim Settlement

You should ensure that your insurance provider has a rapid claim settlement or reimbursement facility. Any delay in the payment can affect the accessibility of medical facilities to the patient. The best medical insurance plan will always have faster or 24-hour claim settlement procedures.

  1. High Claim Settlement Ratio

It would be best to verify that the insurance provider has a higher claim settlement ratio. A higher claim settlement increases your chances of claim approval.

Conclusion

There may be several points to look for in medical insurance. But these 10 points hold higher significance as they reflect the quality of insurance policies. The best medical insurance is the one that considers all these points in their policy statement.

One of the best medical insurance providers, Care Health Insurance, has policies that provide the maximum benefits. Check out their official website or connect with an agent today to know more about the best medical insurance plans.

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The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

Share Market Closing Bell: Nifty ends above 15,500, Sensex gains 443 pts

On a weekly expiry day, Nifty opened on positive note and have a dip to make an intraday low at 15367.50 level but showed bounce back moment as managed to close at 15556.65 level with a gain of 143 points. Bank Nifty closed the session at 33135 level with a gain of 289.70 points. 45 Out of Nifty 50 ended in green which suggest broad based buying.

All the sectoral indices managed to close in green expect Energy while Nifty Auto was top gainer. Among Nifty Stock, MARUTI, EICHERMOT, HEROMOTOCO & M&M were the top gainers, While RELIANCE, COALINDIA, POWERGRID & GRASIM were the prima laggards. India VIX closed at 20.88 level with a loss of 1.97%. On Technical Front, The Nifty has formed bullish candle but faced resistance at 21 Four-Hourly Moving Average i.e., 15647 which suggest crossing above the same can show more upside rally.

Nifty has been trading in range of 15200-15700 level while breaching either side can suggest further direction of breakouts. Nifty has given above 50-Hourly Moving Averages which indicate it can show upside moment in the counter. On the Nifty OI Data, On the call side ,the highest OI witnessed at 16000 level while on the put side was at 15500 Niftg level followed by 15300 levels. The momentum indicators Stochastic is trading with a positive crossover on a daily chart which suggest northward journey in the Nifty.

The Nifty may find support around 15200 levels while on the upside 15700 may act as an immediate hurdle. On the other hand, Bank Nifty has support at 32300 levels while resistance at 33800 levels.

Overall, Sector specific momentum has been observed, crossing above 15700 Nifty can show more upside rally.

Market entering into buy on dips pattern.

Palak Kothari
Senior Technical Analyst
Choice Broking

Source: Choice India

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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