Is your health insurance broker/agent giving you these problems. Then its the time for you to change it.

• No accessibility: When you never seem to get access to your agent or your Broker. His contact numbers are non functional or he is not entertaining your calls.
• No health insurance knowledge: When you ask him simple questions regarding the policy, the broker/ agent is unable to give you adequate information.
• No maintenance of records: When you find that your broker has no computer records of your transactions

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Why your broker/agent is not good enough?

If the selection of a Good Broker is done with care there will be no need to change the broker in the first place. These are the criteria which you must look at when you decide to buy a health insurance policy from the person.

His area of Expertise: Health insurance is a matter of great importance hence you cannot just buy it from anyone who sells it. If you are buying it from an agent who is selling health insurance along with other products like Life, motor, householder’s policies, he will not be as well versed with health insurance as he is with other products that are more sold than it. Thus he will not be the best person to buy health insurance from.

Accessibility: Health related emergencies can come up any time and you need to be sure that your Agent/Broker will be available when you will need him the most. When choosing a broker, check by calling the numbers on the website or numbers on the visiting card and waiting for a response.

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What are important criteria for selecting good health insurance broker/agent

There can be a time  where there is need of changing health insurance agent or broker. So here are some quick and basic tips for changing your health insurance broker/agent.

You can change your Agent or the Broker at the time of the renewal. To know the date of the renewal, check your policy document.

Write a letter naming the new agent/ broker and authorizing him/her to carry all transactions regarding your health insurance.

Going further there basically two types of health insurance broker or agent and so is the changing process for them.

For Private Companies: This letter along with the renewal notice and the cheque are all you need when you have bought a health insurance policy from a Private company (Apollo DKV, Bajaj, Star health etc)

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How to change health insurance Broker/Agent

They say Learn from others mistakes. And so same applies while purchasing a new insurance policy and even while hiring and Agent/Broker. Here is and some important points to be kept in mind while taking a new insurance policy.

• Hiding information from your Insurance Company

Ex. Not giving your correct medical history. Numerous claims are rejected on the basis of the insured not being honest with the Company.

• Thinking that a TPA Card is like a Credit Card

The Identity cards issued by the TPA do not function like a credit card; you can only get the Cash less Service in a network hospital after the TPA approves the claim.

Make sure you avoid these mistakes and rest whole process is simple and problem free.

• Blindly trusting  your Insurance agent

Checking whether the agent is licensed by IRDA will save you from being duped.

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What are the important points to be avoided while buying health insuranc

Wait!!  Are you buying health insurance? So do know the common mistakes  which others made  and  you can avoid. Here goes the list:

• Reading the policy fine text will make you aware of the entire policy and prevent you from getting your claims rejected.

• For buying a policy it is essential that you think long term. A policy which seems attractive to you at the onset will not necessarily be beneficial as you grow old. Look out for a plan beneficial even when Old.

• A Cheaper Policy might not always be the best one; Premiums should be proportional to the benefits.

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Common mistakes while taking health insurance

Common mistakes while taking health insurance

When you are aware of the fact that all your medical costs are going to be paid by the Insurance Company (if it is within the insured amount and valid) you can forget about the cost of the treatment and focus on the quality of the treatment and where to get it from. Hence health insurance ensures that you get the best possible treatment possible.

• During emergencies just flashing the TPA or health Card will get you hospitalized and you can avail the Cashless service. Thus the precious time between finding a hospital and getting admitted is reduced.

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Good health is good for Insurance and vice versa

In India, Family Floater and Individual Health Insurance are the options in front of you and here’s what they provide. Lets see further in details.

The plus points

• It is less expensive than Individual Policy.
• It is great for younger families with members having low health risk.
• You can add your immediate family members like your spouse and kids.

The Downers:

• The greatest disadvantage of a floater is that if there is more than one claim in a family in a year, the other family members are left with little cover.
• The policy is valid till the proposer turns 60 or 65 or the maximum age of renewability depending on the policy.

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Advantages  and Disadvantages of family floater health insurance policy

Family Floater is a policy which covers more than one family member for a fixed cover. Here the fixed cover is shared by all the family members, i.e. if Shah Family of four take a cover of 4 lakh, the entire family can claim up to Rs. 4 lakh together. Generally two adults and two children are covered in a general floater policy.

• It is less expensive than Individual Policy.
• It is great for younger families with members having low health risk.

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What is  Family Floater health insurance policy?

Every Health insurance Company has tie-ups with a large number of hospitals in each city through their Third Party Administrators (TPAs). These hospitals are known as network hospitals and the hospitals that are not in such a list are usually called the non-network hospitals. Cashless service is an arrangement where expenses on a valid claim are settled

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How is cashless claim beneficial to common man

There may be some facts which you don’t know of. Read on to know about all the benefits of having a Health Insurance:

Makes quality treatment affordable:

While resorting to any medical treatment we always have the concern of how much it will cost. But with Health Insurance, when there is an emergency and you have to be hospitalized, arranging for liquid cash can be kept out of your mind as you can avail this cashless facility (in a network hospital).

No need to risk your health by postponing treatment to garner money to pay for hospitalization or compromising on quality of care:

It also means that medical relief will reach you faster without anxieties for money, and you can avail the facilities of good hospitals, which you might not have otherwise been able to afford to pay from your own pocket.

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Why health insurance?