Query on General Insurance?
Is there any Insurance Policy which covers hospitalization expenses of entire relatives members contained by case of sickness.
And if yes afterwards which policy is it? & How much amount is sum assured? And what would be approx Yearly premium? Please advice
Answers:
These policies are particular as Mediclaim Policies and will cover self or family for a length of one year. Some of the popular ones include LIC, SBI, Sundaram and Reliance. Most General Insurance companies will have a mediclaim policy.
Premium:
The premium vary with the age of the policy holder or age of family unit members. It vary between Rs 1000 to 1500 per year per person below the age of 35 and go all the passageway upto 5000 per year for the aged. The policy generally is applicable to the age of 60 or 65 depending on the company.
The sum assured within the above premuim will be Rs 1 lakh per year per person.
Look at the following when looking for a Mediclaim:
Floatation route: Suppose you are 3 people contained by the family and you lug a policy for Rs 1 lakh per person, this will allow you to move the 3 lakh total coverage among any of the 3 populace with no restriction at 1 lakh.
Premium Discount:
Companies will provide you next to 5% discount for the next year if at hand is no claim the current year.
Critical illness benefits:
Some mediclaim policies will rule our critical illnesses anthere are policies simply for critical illnesses. Make sure that you are clear at what you want. Cancers, HIV etc are treated as critical illnesses and these may/ maynot be covered. read the fine print.
Medical tests:
Some policies distribute its members free access to medical audition after 4 or 5 years. Make sure if your scheme allows you that.
No dosh treatment:
Most mediclaims will allow you to show your card at the designated hospitals with prior concurrence and all bils are directly sent to the insurance company. You will not enjoy to shell any money from your pocket. Make sure you have this facility.
Last but not the lowest... read every line and word mentioned surrounded by the scheme as at hand are plenty of people promising the moon and the stars...but singular a few who can be trusted...