Opting for an insurance is probably one of the most important things to do. Whether you stay alone or a have a family to look after, insurance policy is mandatory for everyone. Medical emergencies are always unexpected. At this point of time, the last thing anybody wants to go through is financial crisis. While savings can help you to an extent, it is important to have a backup support that is insurance to cover the whopping expenses you incur. Be it a surgery, any operation or accidents, insurance policies can help in covering costs for different treatments. While many people in today’s time do opt for an insurance policy, most of them are unaware about the various limitations or conditions these policies have. Blindly opting for an insurance policy can be a huge mistake and wrong investment. We have listed down some of the vital things you should know before opting for an insurance policy:
The Claim Process Followed
The easier an insurance claim policy process is the better and faster it will help you in settling the dues. For this very reason, it is important for anyone to inquire well about the claim process that is being followed by a particular insurance firm. Look out for an insurance company that is willing to offer a speedy claim process and a good customer support as well.
Know About The Waiting Period
Many insurance companies tend to have a waiting period for pre-existing diseases. This may vary from one company to another and generally ranges from a company to another. For this very reason, when you opt for an insurance policy keep in mind the number of years for your waiting period. For this very reason, it is important to opt for an insurance policy at a relatively younger age.
Family Health Insurance
When you buy insurance policies, you need to ensure that you do so by keeping the age of your family members too. It is important to know everything about the ailments that they suffer from and most importantly it is vital to know if they suffer from any of the pre-existing diseases. If so, make a point to note it down and mention it in the policy before buying it.
Choose The Right Insurance Amount
When you plan onto choose an insurance health plan, you need to make sure that you are choosing the right insurance amount to do as well. Keep in mind your age, because the sum of interest that you pay depends directly upon the age as well. Take a look at your income to figure out the premium and its affordability. Choose a plan that isn’t too exorbitant but not too low also so as to keep you well covered during an emergency.
Network Hospitals
This is also extremely important. Check out the cashless networks of hospitals in Dubai or clinics in Dubai that are associated with your insurance company. Many people fail to check the same and hence in later stage cannot choose a hospital or clinic of their choice.
