Health Insurance FAQs

Empowering you to buy the right Health Insurance Cover and ensuring peace of mind

The Indian public at large understands that the cost of healthcare is rising, and that access to quality healthcare facilities requires significant financial capacity.  However, not many have seen Insurance as the logical way to meet this significant financial risk.  While it was alright in earlier days to try to pay for healthcare needs from one’s pocket, the rising cost of healthcare means that such a move can now put a significant dent in one’s finances and even wipe away years of sweat and hard earned savings in one go.

Health insurance in India is a line of business that is often wrapped up in impenetrable jargon, difficult to understand wording, and not fully transparent conditions.  Often unanswered questions in health insurance are

  • When is the right time to buy health insurance?
  • How much coverage should I buy?
  • Will insurer accept my proposal to buy insurance?
  • What is TPA?
  • Does health insurance cover pregnancy?
  • Does a policy offer outpatient consultations on a cashless basis?
  • Are dental and optical care covered?
  • Is there a health insurance which is truly 100 percent cashless? What is the alternate?
  • If you are young and have high blood pressure and diabetes then which health insurance should you buy?
  • Will the health insurer honour all my claims?
  • Will the health insurer have the right to terminate the contract midcourse of the policy in the unfortunate event of claims exceeding the limits?

It is easy to be attracted to policies that make it very easy for customers to enter.  However, what is important in health insurance is not the ease of entry but the ease of claims payment.

Health insurance is not a mere commodity, which you can buy based only on  the price, in other words the premium quoted; hence the need to make well informed decisions on the insurance cover to buy based on complete disclosures.  As we all know disclosure means making others aware of something which the other person to the contract is not knowing.  Benefits covered will vary from plan to plan and from insurer to insurer and also will depend on the prevailing health conditions of the insured.  It is important to learn, understand and buy the policy that meets your growing needs and affords the necessary comfort in your hour of need and old age.  A health care cover may not cover all the diseases.  Hence understanding what is covered and what benefits can be derived is necessary before you buy a cover.  One must necessarily understand the exclusions, go through the waiting period, sub limits and excluded ailments.

Most people would have never have sat down with an insurance broker to understand the different plans of different insurers.  An insurance broker represents the buyer of insurance and not the insurer.  This is where VIG India Insurance Brokers Pvt Limited has a role to play so that the insured (the buyer of health insurance) takes a well informed decision.  VIG India is in an insurance intermediary which is in the business to recommend to the insured’s so that they can take a well informed decision.  The real support of VIG India comes when it comes to coordinating and assisting you in the event of a claim.  So be it buying an individual and or family health cover or a Corporate Group Health Insurance cover, do get in touch with our team and be an empowered health insurance buyer for a complete peace of mind.

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