Bharti AXA provides a comprehensive cover for your car,so you can drive hassle-free.
Ride without worries, with Bharti AXA long term two wheeler insurance plan.
Safeguard the health of your loved ones with a wide range of Bharti AXA health insurance plans.
Secure your joyous family trips with Bharti AXA international travel insurance cover.
While evaluating health insurance policies, one would certainly come across various jargons which could cause confusion. Rather than purchasing an insurance policy by being unsure about certain jargons, it is better to clarify one’s doubts. Here are 10 must know health insurance terms:
You may find the insurance agreement very boring to read. It may contain terms that you do not immediately understand. Still, make sure that you scrutinize it. Find someone who can explain to you the terms that you are unfamiliar with. Use the Internet as well. A few points that you must watch out for include: waiting period, sub-limit clauses, specific treatment clauses, exclusions, and co-payment/ deductible clause.
Premium is only one among many factors that determine which policy is best suited for your requirements. Premium, among other things, depends on the extent of the coverage provided. You should make sure that you are adequately covered and the policy will not leave you high and dry when you need it the most. Low premium health insurance plans may prove to be costly if they are unable to cover most of your medical expenses.
If you find a policy that matches all your requirements, don’t buy it immediately. Make sure that you have looked at what other insurers are offering in the same range. Find out if the hospitals in the insurer’s network include your preferred hospitals. Do not forget to check their claim settlement ratio – if the CSR is low, it indicates that the insurer tends to reject quite a few claims. Buy health insurance only after you have researched the policies available.
As a rule of thumb, the sum assured should be at least nine times your monthly salary. That said, be objective in determining what your medical costs could be in case of an emergency and get a cover accordingly. Make sure that you have considered your family’s medical history when estimating medical costs.
Not disclosing your medical history can result in your claim being rejected. Instead of taking such a big risk, fill in the medical questionnaire to the best of your knowledge and complete any medical tests asked for.
While it may look daunting to choose the right health insurance plan, it will be worth the effort if an emergency strikes. When the situation arises, you certainly don’t want to be in a situation where you have to arrange for a compromise rather than arranging the best possible medical care for your loved ones.
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Disclaimer :The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Insurance needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice for Travel/Health/Motor. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.
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