Medical emergencies often happen when you least expect them. It’s not just the mental and physical trauma caused by these medical emergencies that take a toll on you, the medical bills in itself is often so huge that many are unable to bear it. This is where health insurance comes in. A good health insurance plan will help you in times of need and offer you coverage for all illnesses.
Oriental Health Insurance was started in the year 1947 and is perhaps the oldest health insurance companies in the country. If you are thinking of buying a health insurance plan, you should definitely consider Oriental Health Insurance. Here are the reasons why:
1. Experience and Widespread Presence
It is one of the oldest health insurance providers in the country, and for all these years, they have been providing excellent service and good coverage. They also have over 31 regional offices and 1800 operating offices around the country. So you can easily contact them irrespective of which part of the country you live in.
2. Claims Settlement Ratio
The claims settlement ratio of Oriental Health Insurance is 83.71%, and this is a pretty large number for health insurance company. So, most of the claims filed, do get paid. You want to select a company which has a good history of paying their claims as you can be sure that they will come through for you when you need them to.
3. Cashless Treatment
If you go to a hospital that is affiliated with the Oriental network, then you need not pay anything at the hospital. The insurance company takes care of the hospital bills, and you will have a cashless hospital visit. They also give you a daily cash allowance per day as per your sum assured.
4. No Initial Screening and Life-long Renewability
Oriental Health Insurance does not need initial screening if you are under the age of 55. They also allow you to renew the health plan throughout your life irrespective of your age.
Depending on your health condition, Oriental Health Insurance offers a wide array of discounts that can greatly benefit its customers.
How To Compare Plans Online?
Oriental Health Insurance offers different insurance policies. Each of these plans may suit different people based on their health history and their requirements. So how do you compare these plans and reach a decision?
1. Sum Assured
The sum assured is the maximum amount that the insurer will pay when you make a claim. This amount should be high enough so that it would cover your needs but at the same time shouldn’t lead to unnecessarily high premium.
2. Age of Eligibility
The age range for the people who are eligible for the insurance varies from plan to plan. So you need to check if you are eligible for the plan and even if you are, are there mandatory screenings and at what age do they start?
3. Pre-existing Disease Cover
While some plans offer coverage for pre-existing diseases after a certain amount of waiting time, some do not offer coverage for pre-existing diseases at all. If you do have any pre-existing disease, then that is what you need the insurance for the most. So it is important that you check this aspect of the plan before buying it.
4. Pre and Post Hospitalization Cost
Although hospital expenses account for the majority of your medical bill, there are also certain tests to be done before and after hospitalization. There is also the cost of medicines to consider. A plan that covers these costs can come in handy at the time of need.
Different plans offer different discounts, and it is a good idea to compare these discounts before you finalize on a health plan.
Every plan has some exclusions. While you may pay close attention to the inclusions, the exclusions are often neglected. But these also require consideration because if any of these exclusions apply to you, then you may not get your insurance claim paid when you really are counting on it.
How to Get the Best Deal on Health Insurance?
Whether it is insurance or a car or even a pair of shoes, you want to get the best deal. When it comes to health insurance, you should look at Coverfox.com to get the best deals on Oriental Health insurance. They allow you to compare different health insurance plans and help you reach an informed decision on buying an ideal health insurance cover for yourself or for your family.