Why do I need a comprehensive Health Insurance policy?

• A comprehensive medical insurance cover gives you peace of mind. The knowledge that if something happens to your (or your family’s) health, you would be able to provide for the required medical treatment- releases one of undue worry about health of all involved.

• Not all of your prospective employers would provide medical insurance. Also the quantum of cover provided by your current (& future) employer might not be adequate.

• The alternatives to medical insurance are very costly. In the absence of a medical insurance- you might be forced to take a personal loan to pay your unanticipated medical bills. Most of these come at an interest rate higher than 13% - imagine the kind of strain you would put your monthly finances through.

• It does not limit your treatment options- You would have surely heard about cases where people couldn’t undergo certain treatments, coz they were not adequately covered. Also many health institutes demand that either the patient have insurance coverage or a large deposit/advance is submitted with them.

• Coverage of pre-existing diseases. Most medical insurance policies exclude pre-existing illnesses of the insured. This means that if you start a policy after being diagnosed with diabetes or kidney trouble- chances are you wont be covered for the same. So it makes sense that you have a running medical policy that will cover all possible ailments that might affect your health tomorrow.

• Cost of medicines is increasing. Most health insurance policies cover you not only for the tests but also for prescribed medicines. Take a health insurance policy and make sure you take the prescribed medicines, without worrying about the chemist’s bill.

• Debt (due to medical emergencies) and subsequent failure to re-pay can spoil your credit profile. This in the current scenario of an active credit bureau will adversely affect your chances of securing a loan for any reason in the future.

So we at BimaDeals, request you to ensure that you cover yourself and your family’s health adequately.