Health Insurance India Needs Upgrading

Majority of people in India are not aware abut health insurance plans and those who know, many of them do not trust health insurance Indian providers. Thus, overall health insurance India condition is too poor and needs improvement. It can be done by spreading health insurance awareness among Indian population.

Current healthcare statistics show that out of $40 billion expenditure on healthcare in India, only $2billion is financed by health insurance. This shows that there is a large pool of people who are still not uninsured. It is one of the serious concerns that are responsible for the backwardness of the country. Health insurance India will surely improve the lifestyle of people and thus, will contribute in improving the overall condition of the people.

Government needs to play an important role by spreading health insurance awareness among the masses. They should start several programmes to educate people about the same. Health Insurance providers should further contribute by designing products according to the healthcare needs of people. The plans should come up with simple terms and conditions, free of jargon so that people could understand them and could make their choice accordingly. A plan chosen on the basis of healthcare needs will be much beneficial and helpful in reducing the number of claim rejection.

At the same time, medical cost is probably going too high over next few years, which means that uninsured individuals will not be able to avail quality medical treatment. Thus, all the associated bodies should combine together to work upon this problem, before it take a severe turn.

Apollo Munich, a joint venture between the Apollo Group of Hospitals and Munich Health, is the organization that has come forth to demystify health insurance India. They have brought easy-to-understand plans with their policy wording free of jargons. The company is looking forward to offer health cover to over 500 million people in India over next five years.

What should be done to Improve Health Insurance in India?

Health Insurance in India is one of the sectors, where there is lot of scope, waiting to be explored or tapped. Statistics show that the current healthcare costs is around $40 billion, but only $2 billion is financed by health insurer. This difference between both these figures is not an insignificant number. It means that 85% of Indian population is paying medical expenses from their pocket. It is not a small number to be ignored?

Medical cost is increasing rapidly and is expected to go too high over next few years. Thus, if the same condition persists, it will become difficult for Indian people to avail quality medical treatment. But, in several severe cases, people have to go ahead with quality treatment, regardless of the thought of the money arrangement. Family members are forced to either borrow money or sales off household assets to pay for the medical expense. But, it is not a right approach.

Government and health insurance providers should take some effective steps to improve this scenario. Government should start programs to educate people about the rising medical costs and the need of health insurance. Medical insurance providers should also lend the helping hand by spreading this awareness among Indian masses. Regulators should make changes in their guideline to encourage only right player to enter the market. Health insurance providers should design products to offer wide coverage at reasonable rates.

Apollo Munich is the only organization that has seriously looked into this problem. The company has emerged with the aim to demystify health insurance for the people of India. As a result, they have brought simple plans that could be easily understood. All the clauses stated in policy wordings are free from jargons. It designs its products on the basis of healthcare needs of the people. Thus, it can be said the right approach to improve condition of health insurance in India.

Personal Accident: A must for all

When a person needs protection from medical costs they buy health insurance. So what happens to costs that are incurred after an accident and do not fall under the ‘medical’ category? For such expenses we need a personal accident policy. This ensures that people can get the needed medical care plus address any additional expenses after an accident. The prime aim of a personal accident plan is to give the policy holder protection from any kind of cost incurred after an accident.

However, this does not mean that just because you have an accident insurance plan you can take it for granted that any expense you incur after the mishap will be covered in the plan. There are terms and conditions for the plan and one has to abide by them when making a claim. If your accident was due to something listed in their exclusions section, then you would not be liable for any reimbursement regardless of how small an amount it is.

Anyone using a personal accident policy should first read the plan and then buy it. The benefits and limitation of the policy should be well understood. After an accident there is no point in fighting with the insurance provider if the claim is rejected because of an exclusion clause. It is best to keep a check on the right plan and make certain that you have a policy that covers you for all kinds of accidents. The policy should also provide the policy holder the ability to deal with any kind of accident aftermath.

The Individual Personal Accident Insurance Plan from Apollo Munich provides protection from fatal as well as non-fatal accidents. There are benefits enlisted to make certain that the individual can get medical assistance as well as cope with costs thereafter using just a single plan.

Comparing the Health Insurance Premium?

After a person compares the health insurance premium of two or more plans, he or she tends to lean towards the one that is cheaper. The fact is that the cheaper one may not be worth the money at all!! Scanning for a medical insurance policy based on the premium of the plan is quite a waste of time. There are different companies that offer different kinds of health insurance plans and therefore the premium is bound to vary. When you compare the price of a medical cover policy that provides only inpatient coverage with that of a plan that provides only OPD cover, there is no real ground for comparison. One might find the latter cheaper and blindly buy it. But is it worth the amount spent?

Often people find themselves facing problems after they have dealt with claim process. Again the problem arises because of lack of knowledge. One should read the policy before buying the plan so that the coverage of the plan is known. The health insurance premium is dependent on a number of factors and therefore should only be compared after consideration of all other factors. Healthcare expenses need to be carefully thought-through. One cannot predict what ailment might befall them, then how can they ‘plan’ medical care expenses.

One should compare the cover given by the mediclaim policies, against the expenses of the treatments covered by the plan. Judging by the health insurance premium of various plans, one should then decide which of the suitable policies the right one for them is. Insurance plans should be picked on a personal basis. Apollo Munich Health Insurance provides a variety of policies and variants of the plans to ensure that people can find the appropriate cover. Each of the different plans offers a range of cover and premium amounts.

Health Insurance for Healthcare

Healthcare is one of the most crucial aspects of life. Making sure that one can always stay healthy is like a long-term goal that people have, but they rarely know how to achieve it. One can try all kinds of things—go to the gym, regular yoga, follow religious fitness regimes, etc. But staying healthy does not mean just staying fit. One can fall sick despite all these things. To stay healthy, one needs to have a plan for emergencies. When asked if people have a plan for such troublesome times, most people simply have one thought—charting out a plan of action. But this is not what the ‘plan’ refers to. It rather refers to having a health insurance policy. Such a plan would ensure that people are secure from medical expenses.

There are many kinds of health insurance plans available to customers. One must have a comprehensive policy so that all the medical problems likely to be faced are covered. But is it easy to pick a policy without any prior experience? No, it is not always easy to do so. People need to have some sort of an understanding of the various medical insurance policies available. The benefits of the plan must be compared to the cost of treatments covered by the policy.

When people have to get the needed health insurance, having the knowledge of the benefits is important. Without understanding the coverage properly, there is no way that people can file claims accurately. The words used in the policy wordings are often filled with a lot of jargons which makes it difficult for people to understand the benefits of the plan. Apollo Munich designs plan in a manner that is easy for customers to grasp. The comprehension of the policy ensures that one can secure their healthcare requirements well.

Get the Right Family Mediclaim Plan

In life everyone wants nothing but the best. This is the main reason why people are always looking for simple ways to double their money. Like they say, there are no free lunches. One has to pay even for healthcare. With a family mediclaim policy getting healthcare is easy. There are a lot of individuals who would like to get the finest treatment, but, because of financial restraints they cannot. This causes several medical problems because of the same. There are a number of medical coverage choices that can help people in purchasing the right policy. But, one has to be particularly careful that the insurance plan chosen is the right one for the person/family.

People can consult experts in the field of insurance and ask for their suggestions and recommendations and buy the plan that offers the broadest insurance plan that they can pay for. The maximum amount that an individual can shell out for family mediclaim should be invested in the same. There are a lot of health insurance policies that offer ample health coverage. But sometimes the cover amount offered is low and therefore the plan is less effective.

People need to buy family mediclaim plans that can maintain a balance the coverage amounts and the benefits. This means that the people have to think hard before purchasing an insurance policy. Customers can either contact brokers or call helpline numbers to get assistance in choosing the right insurance policy. There are certain guidelines that should be followed to buy the right plan. The can be found on the Internet with ease. Apollo Munich Health Insurance offers customers with a 24/7 toll-free number where they can get help in choosing the health insurance policy best suited for them. All the Apollo Munich plans provide all-round health coverage. The plans can also be bought online in a few simple steps.

Don’t Just Compare Health Insurance Plans

When you compare health insurance plans, you have to keep certain points in mind. There are always several ways to achieve the same goal. However, there is one point that one and all have to keep in mind. The benefits of the policy should be important for the person buying the policy. There are many plans that offer variants of the same plan. Each of these variants should be compared and analyzed well prior to buying the policy. This would simply ensure that people can get the right sort of medical care without any hassles.

The variants’ benefits should be compared to make sure that the person has the right policy. The variants of the different plans could offer different benefits and cover amounts and therefore people should be careful about the same.

When the benefits of a plan are clearly understood, there is very little confusion at the time of filing a claim. People need not get into the debate of whether a particular treatment would be covered or not. When one can compare health insurance plans, the benefits of the policy should also be weighed against each other. Apart from the benefits mentioned in the policy, one should also remember to compare the services offered by the company. When a person has to use a medical insurance plan, they must remember that the benefits and the claim process are the most important.

If a customer cannot access the company with ease, then there are bound to be problems when filing a claim. People should understand that the company should be easily accessible. When a person has to compare health insurance plans, they should check everything. Apollo Munich provides comparison charts on the company website so that customers can easily compare the benefits. The company also makes sure that the policies are designed such that all customers have complete coverage from all healthcare hassles.