If you are anything like me, then the insurance-plan isn’t a topic that you have thought or discussed much until recently. There is a reason for that of course. When I was in a corporate 9 to 5 job, I had insurance, thanks to the companies I worked with. However, when I took a break from that world and realized that I might not be able to go back to the corporate world, I decided to give up on insurance. Both actions had no connection per se except the fact that I didn’t want anyone else to pay for my insurance.
I moved to the blogging world, some 4 years ago and it has been only a couple of years that I have been back to earning regularly through my blogs. Insurance was the last thing on my mind until the lockdown started. To say that all our lives have taken a challenging turn, would be an understatement. We, as a family sat together and started the discussion on the insurance plan as it is the first step towards being prepared for unforeseen circumstances.
There are so many options in the market that deciding the perfect insurance plan becomes a bit of a daunting task. As a process, it is important that we take the time to assess what we truly need, and want in a plan.
Don’t worry, with my little experience of last few months of reading through so much on insurance and speaking to many insurance experts then finally settling with the best plan, I have managed to write a few steps that will help you to overcome this confusion on how to decide the perfect insurance plan for you:
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Affordability and coverage
Start with calculating/budgeting the amount you want to spend in your insurance plan and then calculate the amount of health insurance coverage you need. Make sure to go for plans offering maximum health coverage as well as the amount for the treatment. Given the current circumstances, we all know that the medical costs are on a continuous rise, and not planning it well may result in burning a hole in your pocket.
- Lifelong renewability
Make sure that the policy that you pick has lifelong renewability. As per IRDAI regulations, insurers are mandatorily required to offer health insurance for an entry age of up to 65 years. As per the rule, all policies have to offer lifetime renewability. Once the policy is issued, the policyholder has the right to continue renewing it lifelong.
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Cashless plans/transactions
This point is based on my personal experience when I had to get hospitalized, I would always prefer cashless plan. Cashless health insurance basically removes the troubles or hassles of paying cash at the hospitals.
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Read the reviews of experts and customers
Make sure to compare plans from a few other insurers before making a final decision. Take a close look at the inclusion and exclusions in the most basic plan that the insurer is offering. Read the genuine reviews of experts and consumers to understand and then make a decision.
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Easy access and connect with the insurer
Last but not the least, all-time accessibility is a must during these times. Make sure to opt for a health plan that provides around-the-clock support.
For example, Take Care app from ICICI Lombard. It is one of the best decisions I took so far during this lockdown to download this app. From hello doctor feature (24*7 availability of doctors) to the tracker of my health and from teleconsultations to my wellness needs, all of it is available on my fingertips and a click away. Once you opt for an insurance plan with ICICI Lombard, this app will walk you through everything right from your smartphone. Could it be any easier!
I hope, above-mentioned points will help you in understanding and selecting the best plan. It’s the season to roll up your sleeves, gather all your documents, and pick a health insurance plan for 2020 so you too can #RestartRight,
Reference:
Disclaimer: All reviews and opinions expressed in this post are based on my personal views.
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This is an amazing article I must say.
Thanks so much for the details of what to check out for when checking out any health insurance plan.
This will really, help out in choosing the right health insurance.
Thanks a lot.
Peter btf recently posted…What To Look For When Buying or Selling Websites In 2020
Wow.
What an informative post on health insurance.
This is definitely going to help everyone get the right health insurance.
And to those that do not have a health insurance, this is for you guys.
Let’s #RestartRight
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Take care app by ICICI is really helpful because we have all the worries related to our insurance and health in just one place which we can access while we are at home easily
That’s a really helpful post, Kavita. Even we are looking to upgrade our insurance but yes it gets quite confusing knowing that so many companies are there in the market. These pointers are great, will discuss this with my husband.
Health insurance has definitely become a Priority in this day and age This article is helpful in knowing what to look at and thank you for recommending a provider
Thanks so much, I will share this with my loved ones. Most times we end up asking others about health insurance. This post helps !
This is complete guide on insurance plans . currently we are looking for a health insurance..
Thank you for coming up with this post. It definitely throws light on the importance of Incurance plans in our lives. Will definitely consider ICICI Lombard
I am so glad I came across your post and the way you have mentioned all the details we should look for in an insurance plan. ICICI Lombard has been a trusted name in our family and we have been planning on getting their insurance, this will surely help now.
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Thanks for this expert suggestion of the app by ICICI Lombard. I can now make informed decisions. In fact, I would also a cashless health insurance plan.
thank you for sharing these details, very well explained. i think life long renewability is a very very important point there..
Covid times has pushed me to look for a good health insurance. Take Care app from ICICI Lombard seems seamless and helpful in finding the right health advice
I so agree Kavita, I was like you but the lockdown made me ponder and invest in the right insurance plan. I liked your pointers buddy.
My hubby has taken icici life insurance but this take care app is really very helpful , informative and great saviour must needed time.
you had shared really great pointers and i think all these are mandatory to select a perfect insurance plan for your family. take care all from ICICI lombard is a perfect option to manage our health issues specially during this challenging time of pandemic where we all need digital options to fulfill our various needs.
It’s high time people start taking their health and health insurance more seriously.Thanks for all the tips for selecting right Insurance policy, very helpful.
These are great tipd to choose the right health insurance in these times.
I must say your tips we’re very helpful.These times are a good accelerator for no longer delaying Health insurance right?
I agree. Many don’t take health insurance as a priority. But it is time we do, and take that crucial step to #RestartRight
I am searching for a good insurance plan. Thanks for the tips, it will help me to decide and choose the perfect one. Thanks for sharing.
You’ve narrowed down the points to look out for in a health insurance very well. Good and useful information!
Good to know about restarting right in this new normal. You shared some great points.
Very informative post!It will surely help everyone in getting right health insurance #RestartRight
Totally agree with you on the fact that insurance is the last thing on most people’s mind. Glad you wrote about this. Also the details you mentioned about the health insurance are really insightful.
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Earlier there used to be health insurance policy. Now there are health insurance solutions. This is how life has changed in last few months. You have shared all the points which one should focus on while buying health insurance.
This is a lot of information and explained in simple terms. For those who don’t have insurance, this post is like a wake-up call! #RestartRight
We need to be very certain about the benefits that each health plan has to offer. This post is very informative and will help in making the right choice to #RestartRight
Thanks a million for publishing this informative post on Health Insurance. I have been so confused about how to choose the right insurance for my family. Your blog post lends perspective & will help me to #RestartRight with confidence. Thank you!
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Thanks for the detailed explanation of what we must look for in our health insurance plans in order to #RestartRight.