Which is the most affordable health insurance policy in India? How much mediclaim coverage is necessary? All these are questions which insurance experts answered frequently. But, there are no specific answers to such questions. It is shocking to find out that majority of people in India are uninsured.
More and More people are purchasing online health plans and the Insurance Regulatory and Development Authority has also simplified the rules, designing it easier to buy and use health insurance policy.
It shows that people spent their own money to clear their medical bills, rather than insurance money. Due to poverty, ignorance and less awareness, people show least interest in buying mediclaim policies online.These are the main reasons for less family health insurance penetration. People do not think health insurance in India as a financial tool especially for a medical emergency.
Generally, they procrastinate at the time of purchasing mediclaim policy online unless they experience a challenging condition. Due to extreme importance of healthcare plans, the Insurance Regulatory and Development Authority reformed this sector so that majority of people could avail benefits from it.
In fact, some leading insurance companies in India have been asked to join hands with banks. Under this arrangement, banks work as insurance companies’ agents, selling the products and also make sure they reach out to maximum people, even in the rural parts of the nation. Health insurance in India is yet like a distant dream for most people.
Some people think they cannot buy these plans because they are expensive and some people do not want to invest time to search for suitable policies for themselves. But, the scenario is now gradually changing. They know that they can preserve their savings with the help of these plans even in case of medical emergencies.
Health insurance industry is the fastest developing industry of the Indian insurance sector. Knowing importance of this insurance is not enough; people also need to know coverage extent.
In case people fail to decide the coverage amount, type etc; then take help of insurance experts to finalize all these things. When person become a policyholder, then only he or she know the value of insurance products.