Policy Bazaar: Ideal Health Insurance
Ideal Health Insurance. Welcome to policy without a margin packet now we are constantly worrying about rising medical costs irrespective of having basic health insurance cover all being covered by the company's group health insurance scheme with diseases like dengue and swine flu adding up to the list and the looming fear of critical illnesses like cancer it is quite natural to self-doubt our preparedness to meet such medical situations now this is perhaps the reason why we consider buying multiple health insurance policies to meet future requirements while having multiple health plans provides comprehensive coverage it comes with its own set of repercussions today let us try and decipher the pros and cons associated with it and at the same time learn about potential alternatives to buying multiple head landless welcome your shoes are yet CEO and co-founder policies are welcome to the show at Yoshi's now tell me does it make sense to have multiple health insurance policies but the answer depends so in a simple manner because multiple health policy should have complications but.
If you have a company health policy and you have your private health policy of course it makes a lot of sense because the government health policy and life if you have if you are unable to get large health insurance cover or increase your health insurance covering your current policy and you must take another policy then perhaps yes also having different types of policies like policies for critical go unless are you know hospitalization or top up policies make a lot of sense as you as one gonna go through the various types of policies makes no sense but if you have the ability to buy 15 lakh rupee policy as alleged by 2015 Rugby policies that doesn't make sense but what if the person doesn't have a choice he has to go for smaller budget processes yeah so if he doesn't have a choice then he would go for it but if the question is is that better know number one be more expensive a number to it would be far more cumbersome to deal with so yeah she's you know talk about the benefits of having multiple you know policies let's go through it point by ok so first type I mentioned you have a company had cover.
And you wish to take individual has absolutely it's it's it's a perfect thing to do because your company and cover is very limited it has it is linked to your job and then of course a point when you retire when after which the company had come does not continue and enhance having your private health cover is a fantastic remember when you're buying life insurance and investment for life because you would use a bulk of this after you down 72% of course actually come after six days of sixty so it makes sense to start building up that profile into that primary health care now the other areas where my plans because since you got your producing five-letter health insurance cover a nigga top up on it of the next to relax in the us- there is a rule that you cannot have limited health insurance plans you cannot have a dangerous land that is 5 lakh rupees or 10 lakh rupees because I know how much you can spend I don't know what I'm gonna get that's the precise reason.
I am taking their covers all I know whether it's by Blogger be there 10 lakh rupees so the copper plans support because the top of plans basically charge you from that five lakh who the next 30 lakhs of the next party likes to talk about his beautiful way to increase your cover at a very low cost and those plans are costing less because they do not cover the first by blacks the first five lakhs your primary policy paper towel policy you be if you have a company policy a company policy double-blind good critical distance see most of the big expenses will come in the case of a major accident or in the game is getting a critical in this so you know you don't require more than 50 people and for let's say you know Bangalore cold and cough or anything of that sort of plan and you have a critical illness plan which is separate and a larger plan so that is that is another thing that makes it having multiple and can also make sense from our specific disease prospectus for now there are plans for dance though there are plans for heart disease their plans for diabetes so for each of these if somebody's suffering they could take a specific plan to cover that did well in addition to their insurance plan is also hospitalizations remember when one does both sick they sometimes have loss of income they sometimes have other expenses because you know people are coming to meet them it said Rogge said Randall is some expensive and if you think about the cars going back and forth and whatever else so having a few thousand rupees everyday extra over and above your expense is also good for multiple and can make sense from those prospective last situation is you have a tool a crappy policies become highly inadequate for the times you want to get another policy but the people are giving you a new policy are saying we can just give your groupies policy in that case is better to have to let the people ASI's.
If you just gonna increase the coming but if you can get a single file equity policy you'd rather go for that right and let's talk about so you've decided if a person is that ok my plans I'm going to go with my blue bland as it makes sense going with my insurance organizations or do stick to one of them it actually doesn't matter at all of course if you're buying dubious health coverage plans from the same ensure that belong to the same in general are give you so if you went to a parliament said I want to learn from you don't find it strange why would you want from me if there if they're both the same health insurance and health insurance health insurance plan something else so that doesn't work so you will have to go for medical insurance choice to go with one in Georgia and of course there is there's going to be the complexity and gives management so let's talk about claims management and doesn't get more complicated if you have multiple plans and how does it actually work which one you claim first which one do you know put a claim in for later if there is a sickness or death an accident so 2013 and I need to explain this because some people be confused about the 2013 the rules that if you had to be health insurance policies let's save $100 possible to relax on the 13 likes to talk about 25 lakhs and you had one lakh rupees band you were gonna charge approximately 40,000 to 100,000 thankfully that rule has gone to another 30 now you have the choice of which insurance plan you want to use to make your pledge now if you have a company plan and you have a private plan ideally you should put the first judge in the company plan for a very simple reason you don't want him back the claims history of your private plans you want to keep that clean as long as possible of course it is meant to be used at some point you should use it but ideally you should keep your claim to the company plans to kind of keep your is strictly the moment you have two plans and give it to the right to choose which one to go with 11 Jan suppose you've got is to lack of people and three lakh people and i wanna like be claimed you can go to any of these policies now and make your unlike repeatedly but now assume you have now you can go to the tree attribute company you have three lakh rupee policy and make the indirectly from the company alternatively you can go to the pool a global company and you can see I want to judge this company and stick at the moment you do that that company was a hit or two legs this claim needs to go into proportional because you have to policy not going to proportional coverage and hence they would be you 40% and 60% woodwork three lakh rupee policy so as long as a week in the summer sure you are covered by the policy the moment you cross the sum assured you gotta go to both policies and that is the insurance company even automatically call upon so that becomes a bit complicated the moment the reason you bought new policies because you like you have a claim more than what one policy provides and the moment you have that you will have a bit of complexity because you will have to policies to deal with now you can decide which policy do you want to take your claim from first you will go but the policy because the minimum capping data so that you know you are your one policy has left their homeland capping of 2009 has remained capping off 5,000 you would go with the 5,000 people see first that a bulk of your claim get settled and then only the remaining part has to go up to right and what about the declarations that one needs to give you need window on the other insurance company that ok this is the these are the policies that have how does that work yes you must declare when you're purchasing health insurance policy you must declare if you have other health insurance policies also is one exception here your company's health insurance policy does not need to be declared because you're not paying for it the company's paying for it so as long as you were paying for health insurance policy you must declare no one more piece or hospitalization plans do not need to be declared in this only based health insurance plans no need to be declared if you have health insurance plan you're buying a second one you must declare that you have a first one already otherwise it can be seen as breach of trust so you talked about combining you know carefully combining our regular health plan with the accident insurance or critical illness cover you know go over that because that seems to me to be an important component of how one can really get the benefits of you know if the situation goes back to see there are multiple ways of insurance taken for a very simple thing to cover the worst-case scenario if expenses really get back as opposed to cover them so there are two ways in which you could do that first way is you
If you have a company health policy and you have your private health policy of course it makes a lot of sense because the government health policy and life if you have if you are unable to get large health insurance cover or increase your health insurance covering your current policy and you must take another policy then perhaps yes also having different types of policies like policies for critical go unless are you know hospitalization or top up policies make a lot of sense as you as one gonna go through the various types of policies makes no sense but if you have the ability to buy 15 lakh rupee policy as alleged by 2015 Rugby policies that doesn't make sense but what if the person doesn't have a choice he has to go for smaller budget processes yeah so if he doesn't have a choice then he would go for it but if the question is is that better know number one be more expensive a number to it would be far more cumbersome to deal with so yeah she's you know talk about the benefits of having multiple you know policies let's go through it point by ok so first type I mentioned you have a company had cover.
And you wish to take individual has absolutely it's it's it's a perfect thing to do because your company and cover is very limited it has it is linked to your job and then of course a point when you retire when after which the company had come does not continue and enhance having your private health cover is a fantastic remember when you're buying life insurance and investment for life because you would use a bulk of this after you down 72% of course actually come after six days of sixty so it makes sense to start building up that profile into that primary health care now the other areas where my plans because since you got your producing five-letter health insurance cover a nigga top up on it of the next to relax in the us- there is a rule that you cannot have limited health insurance plans you cannot have a dangerous land that is 5 lakh rupees or 10 lakh rupees because I know how much you can spend I don't know what I'm gonna get that's the precise reason.
I am taking their covers all I know whether it's by Blogger be there 10 lakh rupees so the copper plans support because the top of plans basically charge you from that five lakh who the next 30 lakhs of the next party likes to talk about his beautiful way to increase your cover at a very low cost and those plans are costing less because they do not cover the first by blacks the first five lakhs your primary policy paper towel policy you be if you have a company policy a company policy double-blind good critical distance see most of the big expenses will come in the case of a major accident or in the game is getting a critical in this so you know you don't require more than 50 people and for let's say you know Bangalore cold and cough or anything of that sort of plan and you have a critical illness plan which is separate and a larger plan so that is that is another thing that makes it having multiple and can also make sense from our specific disease prospectus for now there are plans for dance though there are plans for heart disease their plans for diabetes so for each of these if somebody's suffering they could take a specific plan to cover that did well in addition to their insurance plan is also hospitalizations remember when one does both sick they sometimes have loss of income they sometimes have other expenses because you know people are coming to meet them it said Rogge said Randall is some expensive and if you think about the cars going back and forth and whatever else so having a few thousand rupees everyday extra over and above your expense is also good for multiple and can make sense from those prospective last situation is you have a tool a crappy policies become highly inadequate for the times you want to get another policy but the people are giving you a new policy are saying we can just give your groupies policy in that case is better to have to let the people ASI's.
If you just gonna increase the coming but if you can get a single file equity policy you'd rather go for that right and let's talk about so you've decided if a person is that ok my plans I'm going to go with my blue bland as it makes sense going with my insurance organizations or do stick to one of them it actually doesn't matter at all of course if you're buying dubious health coverage plans from the same ensure that belong to the same in general are give you so if you went to a parliament said I want to learn from you don't find it strange why would you want from me if there if they're both the same health insurance and health insurance health insurance plan something else so that doesn't work so you will have to go for medical insurance choice to go with one in Georgia and of course there is there's going to be the complexity and gives management so let's talk about claims management and doesn't get more complicated if you have multiple plans and how does it actually work which one you claim first which one do you know put a claim in for later if there is a sickness or death an accident so 2013 and I need to explain this because some people be confused about the 2013 the rules that if you had to be health insurance policies let's save $100 possible to relax on the 13 likes to talk about 25 lakhs and you had one lakh rupees band you were gonna charge approximately 40,000 to 100,000 thankfully that rule has gone to another 30 now you have the choice of which insurance plan you want to use to make your pledge now if you have a company plan and you have a private plan ideally you should put the first judge in the company plan for a very simple reason you don't want him back the claims history of your private plans you want to keep that clean as long as possible of course it is meant to be used at some point you should use it but ideally you should keep your claim to the company plans to kind of keep your is strictly the moment you have two plans and give it to the right to choose which one to go with 11 Jan suppose you've got is to lack of people and three lakh people and i wanna like be claimed you can go to any of these policies now and make your unlike repeatedly but now assume you have now you can go to the tree attribute company you have three lakh rupee policy and make the indirectly from the company alternatively you can go to the pool a global company and you can see I want to judge this company and stick at the moment you do that that company was a hit or two legs this claim needs to go into proportional because you have to policy not going to proportional coverage and hence they would be you 40% and 60% woodwork three lakh rupee policy so as long as a week in the summer sure you are covered by the policy the moment you cross the sum assured you gotta go to both policies and that is the insurance company even automatically call upon so that becomes a bit complicated the moment the reason you bought new policies because you like you have a claim more than what one policy provides and the moment you have that you will have a bit of complexity because you will have to policies to deal with now you can decide which policy do you want to take your claim from first you will go but the policy because the minimum capping data so that you know you are your one policy has left their homeland capping of 2009 has remained capping off 5,000 you would go with the 5,000 people see first that a bulk of your claim get settled and then only the remaining part has to go up to right and what about the declarations that one needs to give you need window on the other insurance company that ok this is the these are the policies that have how does that work yes you must declare when you're purchasing health insurance policy you must declare if you have other health insurance policies also is one exception here your company's health insurance policy does not need to be declared because you're not paying for it the company's paying for it so as long as you were paying for health insurance policy you must declare no one more piece or hospitalization plans do not need to be declared in this only based health insurance plans no need to be declared if you have health insurance plan you're buying a second one you must declare that you have a first one already otherwise it can be seen as breach of trust so you talked about combining you know carefully combining our regular health plan with the accident insurance or critical illness cover you know go over that because that seems to me to be an important component of how one can really get the benefits of you know if the situation goes back to see there are multiple ways of insurance taken for a very simple thing to cover the worst-case scenario if expenses really get back as opposed to cover them so there are two ways in which you could do that first way is you
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