The happy news of the pregnancy and imminent parenthood brings along with it the upcoming financial planning and expenditure during the entire period of pregnancy and beyond. These include maternity health care, hospitalization and child delivery, pre and post-natal cares and in some unfortunate situations, medical termination of pregnancy if required. A Maternity insurance Plan is adequate to handle all these contingencies.
You should check out these factors before buying an insurance for your parents-
1. Is the coverage level sufficient?- Hospitalization plans are those health insurance plans that reimburse the hospitalization and medical costs of an individual, subject to the sum insured. Hence, these plans are also known as indemnity plans.
2. The limit on covered expenses: #SubLimits- Family health insurance plans cover the entire family in one health insurance plan. It works under the assumption that not all members of a family will suffer from illness at one time. These plans cover hospital-related expenses which can be pre and post hospitalization. Most health insurance companies in India offering family insurance have a wide network of hospitals that help the insured people in times of an emergency.
3. Check the waiting period: #WaitingPeriod- As the name suggests, senior citizen health insurance plans are for the older people of the family. These plans cover health issues arising during old age. As per IRDAI guidelines, each insurer must provide cover up to age of 65 years.
4. Network of Hospitals: #NetworkofHospitals- Hospital Daily cash benefits is a defined benefit policy that provides a certain sum of money for every day of hospitalization.
Understanding the various terms and complexity of buying a health insurance always bothered me and I always left the transaction mid-way. 121Policy is explanatory and easy to comprehend.
Pretty good site. I liked the fact that it works smoothly on mobile. It’s easy to navigate through various options. The filters thing is helpful in deciding.
I love this site. Have been procrastinating for long about buying insurance for my parents. This site makes it easy to understand everything.
The site is intuitive and easy to use. As easy as someone doing it for you personally.
I had a lot of questions with respect to claims process. The support team was helpful in answering the doubts. I would have spent searching endlessly on the web otherwise
One of the most efficient support team I have spoken to. Understands the question with little effort and gets the work done. Highly recommended.
We have a long relation with some of the largest insurance providers in India for various products.