Why should I take a Health Insurance plan/Mediclaim?

As Financial planners we have always stressed on having an inflation proof, healthy health insurance coverage. During the recent COVID-19 crisis, people have realized the importance of the same. We all are suddenly exposed to a very different and difficult situation due to COVID-19. We all have changed our style of living, working, buying and thinking. Most of us are trying to figure out how are we going to cope up with this pandemic situation? Different countries have adopted different types of lock down to safe guard their citizens from the virus. But is staying home forever going to be a solution for this not only national but a global emergency? Even though globally all the scientists are working hard to find a vaccine for the novel corona virus, we do not see any break through happening in the near future.

As days go by we will have to be prepared to face the situation and decide whether we can stay home and compromise on our incomes or be protected financially by availing a Mediclaim / Health Insurance and walk out to make a living.

It’s a tough choice though. Only the ones who have a back-up plan for them and their family can be confident and assured that they have already made the necessary choices right. Getting a right sum assured for Term plan insurance and Health insurance in the right time is going to be game changer.

However, do not panic buy any product without understanding the product offerings, company capacity to pay the claim, hassle free claim processes, cashless network hospitals, exemptions if any, etc but not limited. Also understand the waiting periods in the products with regards to your health condition.

Premiums should not be the only criteria for product selection, we have to get the best product suitable for your needs. We at USP FinPro recommend the product in a very customized manner to serve you best if need arises.

Caringly yours………………