Selection of Medical Insurance Company and our benefits...
Before I suggest you to how to select the medical Insurance Company out of the many options available, I must introduce the need of medical insurance to you and your family. Medical insurance thus needs to introduce clearly with its concept and its requirement in our lives.
INTRODUCTION: This is the century of Insurance. Many Insurance companies and there products came into being from the last century. But the concept gain momentum in end of the last century and start of this century.
Earlier people gave little importance to such insurance. Reason being that people do not want to spend their hard earnings on such insurance does not give any return. Except for an assurance of medical aid.
People may not have opted for medical insurance in the start. But the state government adopted it in the earlier phase. Actually, when the government employees salary is deducted before payment due to their accumulation of Provident fund, Gratuity etc.
At that time deduction is also made for the medical insurance of the employee. So that in case of any accident or mishap, at that time he/her can be supported with financial aid. This helps the person to easily pay his dues towards the hospital and bear the expenditure of medicines.
In the early days the very popular insurances introduced were:
Life insurance: Wherein the person’s family is supported by financial aid in case of his/her death.
Auto insurance: Wherein the auto like car, bike etc when stolen or destroyed, then the amount spent on the purchase is been given to the person for buying the same new thing.
Child insurance: Wherein the financial future of the newborn child is secured.
But looking at the above insurance, don't we feel that something very important was missing? Let’s go through it again. Firstly, Life insurance of a person aids that person after his death.
That means if a person finds himself in some irresistible problem during his lifetime, then he can’t get any financial aid for that reason. Secondly, Auto insurance gives financial assistance for the broken or stolen car or bike of the person.
Then at time financial aid will be given just for new car or bike and nothing for the broken bones of the person himself. And finally, Child insurance helps securing the financial future of the child. But what do you really think that future of a child is secured with money only and he/she does not need healthy and financially secured parents.
All and all the above mentioned insurance’s does work as supplementary aids for the person. But what about the person himself? Doesn't he himself need to be secured? So that he/she live safe and secure and enjoy all the stages of life.
Does not a person who lives for his family deserves to be secured with unforeseen dangers of life? A person who has lot of responsibilities on him/her about his child, spouse, parents etc., should may his/her medical insurance.
It is said that ‘If you have your own teeth then only you can eat and chew the tasty fruits, and if you don’t have strong teeth then no money or person in this world can bring you the taste of that fruit.
The idea behind is that a person should give equal importance to himself, as much importance he/she gives to his family. After all If he/she is fit and fine and ready for unforeseen dangers in life then only he/she can fulfill their responsibilities fairly. And will do justice to his own life...
SELECTION MADE EASY: Now let talk about the company, which is fit for medical insurance. At the time of selection of the company take few things in mind. Like;
The age of the company. I mean how old is the company? What are the claims the company made in the past and did it really achieved them. Does it have a government backing behind it?
Hear what the agent says. But don’t believe the agent. Instead ask him to introduce you to their old customer and have a tea or coffee with that person, but away from the agent. So that the existing customer could fairly suggest you with his past experience with company and the employees.
And lastly, clarify all the terms and conditions of the company. So that at the time of need company should not say that they do not cover this area under insurance.
These are few things that can be taken as precautions before opting to medical insurance company. Don’t waste time and go for the required medical check up, so that your medical insurance can be started. Now let’s talk about who needs the medical insurance coverage?
And the answer is simple and easy. That is everyone in your house. The whole family needs the medical insurance. I will explain you how.
Take for instance, You have parents, spouse and two children’s living with you. If your parent or parents at there finds themselves in some serious problem and need to be hospitalized or operated.
Then a job doing person cannot at once arrange for so much money. A simple job doing person is considered successful when he/she manages to feed his family, spend on the school expenditure of kids, and fulfill some of the endless demands of spouse. And at such a tough time, a simple fixed salary earning person cant manage all things at once.
At that time claim can be made for expenditure being made at the time of operation and hospitalization. As the financial head of the family never think that I can take care of all problems. Everyone needs help. And a medical insurance at such time offers the same and best help as needed.
CONCLUSION: In this expensive world if a person gets a helping hand then he/she should feel proud of his destiny. And by opting for a medical insurance, that helping hand can be made certain, at the time of need.
