After Covid -19 there has been a greater awareness on the importance of having a family Mediclaim or Health Policy. Here I have listed some of the Do’s and Don’ts while purchasing one.
1) Do NOT buy Mediclaim simply by comparing prices. All plans differ based on the features they offer. Since there are no two identical plans, there can be no comparison based on premium.
2) FOCUS on having a higher Sum Insurance. Do not take a decision based on the “No Claim Bonus”, as the bonus gets deducted at renewal in the event of a claim.
3) Understand the waiting periods and exclusions.
4) Please make all health-related disclosures in the proposal form. Policy is issued based on these disclosures. Non-Disclosure can lead to claim rejection and even cancellation of the policy.
5) If you WANT good after-sales service, buy Mediclaim through an Experienced Advisor. Someone who knows the product well, does the application process thoroughly and most importantly knows how to guide during claim rejection or queries related to claim.
Augustine Mendez
Chief Service Officer, Freedom Factory.
NISM-Series- V-A certified MFD,
IRDA certified Life and Health Insurance advisor
www.freedomfactory.in
Commentaires