5 Features to Consider before Finalizing a Health Insurance Plan

| March 15, 2019

article image
A health insurance policy should be bought after thorough research and detailed study. It should not be purchased in a hurry; else you will miss some of the important features in the policy that would actually be the important ones. You must look at all the factors carefully before buying the health insurance policy. To make a good deal, here’re the following features you need to consider before zeroing on a particular health insurance policy – Credibility of the insurer: This is one of the most important features you need to consider before purchasing a health insurance policy. You must check for the claim settlement ratio of the health insurance company. In addition to this, the number of years a company has worked in the business is also very important to consider. AYUSH treatment: AYUSH, which stands for Ayurveda, Yoga, Unani, Siddha, and Homeopathy is a treatment that is growing popular not just in India, but also in abroad. Thus, check if your health insurance policy covers the same and also, do not miss to check the applicable sub limits. Pre and post hospitalization: Keeping in mind the increasing medical costs, it is good to buy a health insurance policy. Medical costs incurred before or after hospitalization are called as pre and post hospitalization expenses. Thus, you must consider this factor before finalising a health insurance policy.

Spotlight

BrickStreet Insurance

Motorists Insurance Group and BrickStreet Mutual Insurance Co. affiliated through a joint venture in 2017. Ohio-based Motorists consists of property and casualty insurance, life insurance and insurance brokerage companies, and West Virginia-based BrickStreet is one of the largest writers of workers' compensation coverage in the region.

OTHER ARTICLES

What’s Driving Innovation and Transformation in Insurance?

Article | March 5, 2020

According to Gartner analyst Kimberly Harris-Ferrante, in the report Innovation Insight for Artificial Intelligence in Life and P&C Insurance*, “Adoption and maturity of AI are increasing among insurance early adopters as they test new use cases and technologies. Insurance CIOs can benefit from greater awareness of AI fundamental use cases and the impact of AI to help guide innovation.” At Shift, we couldn’t agree more.

Read More

INSURING FARM VEHICLES: DO I NEED COMMERCIAL AUTO INSURANCE OR AGRIBUSINESS INSURANCE?

Article | March 5, 2020

If you are in the field of agriculture, agribusiness insurance can help protect your entire business, including your farm equipment. If you have vehicles used on your farm or in your business, you will likely want to include commercial vehicle insurance in your agribusiness insurance package. Our knowledgeable agent can advise you on the insurance coverage you need and help you find the best available rates for that protection.

Read More

Why Your General Contractor Business Needs Workers Compensation Insurance

Article | March 5, 2020

Having Workers Compensation Insurance for general contractors is an important part of your business. Given the nature of their work, employees are at risk of getting injured, disabled or even worse. Your business uses a lot of resources to provide your employees with a safe working environment. However, your efforts alone do not guarantee safety. Workers Compensation insurance is a great benefit package. Employees enjoy peace of mind as they work, and during recovery if they do get injured.

Read More

8 Types of Business Insurance Your Company Should Consider Having

Article | March 5, 2020

Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to close their doors if they're not prepared. The cost of an unexpected event can be substantial. Hiscox quotes a 2014 study of small business owners, saying the average cost to defend and settle an employee lawsuit was $160,000. Employment litigation is just one type of risk your small business may face.

Read More

Spotlight

BrickStreet Insurance

Motorists Insurance Group and BrickStreet Mutual Insurance Co. affiliated through a joint venture in 2017. Ohio-based Motorists consists of property and casualty insurance, life insurance and insurance brokerage companies, and West Virginia-based BrickStreet is one of the largest writers of workers' compensation coverage in the region.

Events