Selecting an appropriate health insurance plan

Even before one start investing towards their  goals,getting an adequate health insurance cover for self and family is must needed as it helps in an emergency.Most financial planners says that having a HEALTH INSURANCE plan is the starting point of all financial plans.Even before one starts investing towards ones goals,getting an adequate health insurance cover for self and family is must.

Why you should get health cover

The need for adequate health insurance is increasingly becoming important and so is choosing right health insurance plan.Its auniversal truth that accidents may occour anytime and at any stage they come all of a sudden .A health cover is must for such situations.Further at times certain ailments remain unknown to us until their symptoms are visible later on in life.Although,not a mandate,a policy bought at an early age and renewed for some years without any claim,may help in better claim experience as and when it arises.

WHAT KIND OF HEALTH COVER IS REQUIRED

Health insurance plans are broadly categorised as "INDEMNITY PLANS" and 'defined-benefit plan".While,indemnity plans reimburse the hospital expense,defined- benefit plans pay a lump sum amount of the actual hospital expense.The "indemnity"plans,which could be an individual health insurance known as MEDICLAIM or FAMILYFLOATER.

SEE WHICH INDEMNITY COVER SUITS YOU

Once someone gets convinced that a health insurance plqan is a must-have even before starting to invest for life goals.We should look to the plans that wheather they suits our needs our requirements,is suitable to us or not.

WHAT SHOULD WE DO

While choosing a health cover,one should ideally start by comparing 2-3 plans  and should check their suitabilty to your goal.Have a close look  at the inclusions and exclusions in the most basic plan,Do not base your decision solely on the premium,instead of it prefer simple plans.Remember ,every member of the family,irrespective of the age,needs  health insurance cover to tide over unforeseen medical exigencies anytime in the future.