If you are reading this, you already understand the importance of Health Insurance. It keeps your finances secure and your mind worry-free during times of medical needs and emergencies. So, what happens when you do not have a Health Insurance Plan? Unplanned medical expenses drain your savings, leaving you with hardly any funds to afford the treatment you need. Additionally, being underinsured is essentially the same as not having Health Insurance at all.
Suppose you do not have Personal Accident Insurance clubbed with your regular Health Insurance Policy. In that case, you may need to pay higher premiums and cover your hospital overhead expenses. Nobody wants to be in such a situation. Therefore, it is recommended that you always buy a policy with a coverage amount that suits your needs. Where to begin? Which plan to choose? What add-ons to get? How do you compare them?
What to remember?
If you want to buy Health Insurance, you first need to find out how much coverage you require. Buying a plan without determining the right amount is like putting the cart before the horse. Here is what you need to remember to discover the suitable coverage amount:
- What is the normal hospitalisation cost in my city/locality?
- What is the cost of critical illness treatment in my city/locality?
- Does my family have a history of illnesses or dreaded diseases?
- What diseases can my current lifestyle contribute to?
These questions may seem complicated, and finding answers to them can be challenging and time-consuming. However, there is a simple solution: The Insurance calculator. All you need to do is visit the Insurance company’s website, search for the coverage calculator, add your details, answer a few questions, and discover the right coverage amount for Accident Insurance.
It performs all the calculations for you based on your location, habits, and lifestyle. This calculator calculates the right coverage amount and recommends the best plans suited to your needs. It is essential to ask the right questions and start on the right foot so you can find the right coverage, then the right plan, and finally discuss the premium.
Why is this the right approach?
Doing things incorrectly can lead to significant trouble. In this case, your health and finances are at stake. At times, it is not just about you. It is also about safeguarding your family’s health and wealth. If you are buying the Saral Suraksha Bima, you can use the calculator to determine the annual premium based on your sum insured, which ranges between Rs. 2.5 lakh to Rs. 1 crore.
Conclusion
Buying Insurance lets you safeguard your family financially while offering a sense of security against unexpected expenses which result from accidental death or serious injury. To avail of any other sum insured or to understand the terms or benefits better, contact the customer service or sales representative.
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