Health insurance premium is the amount that a person has to pay on buying health or medical insurance. Severing this small amount from income can be much helpful in times of medical emergencies. An insured gets the needed financial assistance from an insurer at the time of medical emergency.
These products help a lot in handling medical expenses, which bring financial hardships for the family. Many Indian families have become victim of these monetary issues, which can be avoided with the help of health insurance products. Thus, it is advisable to buy these products such that seeking quality medical care and settling medical expenses is no more a matter of anxiety.
On the other hand, health insurance products are believed to be expensive enough to be afforded. On the contrary, it can said to be a perception among few people, as there are many cheap and inexpensive plans that can easily find place in budget of people belonging to low income group. These products range from few hundred to few thousands of rupees annually, which can easily be afforded.
The premium of these products depends upon certain factors, such as an insured's age, occupation, healthy status etc. Hence, while buying family health insurance, one should careful group family members such that there is not much difference between individuals covered under the same plan.
There are various ways to know about health insurance premium of different plans. One can look at various health insurance rate cards to get an idea of the premium amount to be paid in different situations. These rate cards are easily available either at an insurer's website or from agents, who carry them along. Besides it, one can use online premium calculator, which is a user-friendly tool, to calculate the amount of premium to be paid.
Apollo Munich, a joint venture between the Apollo Group of Hospitals and Munich Health, has brought very simple and easy to use online premium calculator that helps people to compute the amount of premium at their convenience. The company has designed its website that helps people to choose the right plan with the help of ‘Bug Careculator'. Besides it, the company has its products' policy wording written in simple English language such that there is no confusion in understanding a plan and settling claims at later stages of life. The ‘Exclusions' of a plan is clearly stated in a separate clause that customers are advised to go through before making the choice.
These products help a lot in handling medical expenses, which bring financial hardships for the family. Many Indian families have become victim of these monetary issues, which can be avoided with the help of health insurance products. Thus, it is advisable to buy these products such that seeking quality medical care and settling medical expenses is no more a matter of anxiety.
On the other hand, health insurance products are believed to be expensive enough to be afforded. On the contrary, it can said to be a perception among few people, as there are many cheap and inexpensive plans that can easily find place in budget of people belonging to low income group. These products range from few hundred to few thousands of rupees annually, which can easily be afforded.
The premium of these products depends upon certain factors, such as an insured's age, occupation, healthy status etc. Hence, while buying family health insurance, one should careful group family members such that there is not much difference between individuals covered under the same plan.
There are various ways to know about health insurance premium of different plans. One can look at various health insurance rate cards to get an idea of the premium amount to be paid in different situations. These rate cards are easily available either at an insurer's website or from agents, who carry them along. Besides it, one can use online premium calculator, which is a user-friendly tool, to calculate the amount of premium to be paid.
Apollo Munich, a joint venture between the Apollo Group of Hospitals and Munich Health, has brought very simple and easy to use online premium calculator that helps people to compute the amount of premium at their convenience. The company has designed its website that helps people to choose the right plan with the help of ‘Bug Careculator'. Besides it, the company has its products' policy wording written in simple English language such that there is no confusion in understanding a plan and settling claims at later stages of life. The ‘Exclusions' of a plan is clearly stated in a separate clause that customers are advised to go through before making the choice.
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