Market
Research Report for Health Care
states that Change in lifestyles and luxuries come with the cost and in
corporate driven career world, this cost is health. One of the most
controversial and debatable topic of the world is healthcare policies and
practices. Health insurance is a type of coverage that pays for insured
person’s medical and surgical expenses which saves them from huge financial
loss. It has been observed that Health Insurance has grown immensely over a
decade. Insurance act 1938 even holds a separate special amendment for health
insurance different from life and non-life insurance. The most basic and
important principle of insurance is UTMOST GOOD FAITH which states that insurer
and insured must possess full faith on each other and should disclose all
relevant information related to insurance prior to the agreement.
Increase in office hours and unhealthy food intake has made health
prime concern for all age groups as it leads to health complications ranging
from obesity to cardiac attack. Therefore health insurance has become the basic
need of the hour to be away from such unexpected attacks and extravagant
expenses attached to it. Older citizens are more prone to chronological illness
and diabetes. There are few things to be kept in mind while buying Health
insurance for better services:
Market Research: thorough market
research is prerequisite to get best health insurance plan that would fulfill all
the requirements of insured.
Coverage Option: In every
health insurance there is provision of what would be covered and what not.
Therefore beforehand information is beneficial while choosing plan.
Enlisted Specialist: There
is a list of specialist enlisted by insurance company, one must always keep
them in consideration and ensure there is an alternate medical specialist
listed.
Terms and Condition: It’s
very important to read all the terms and condition and check all the medical
test mentioned to be taken before the insurance plan is signed.
Insured must not hesitate to contact insurer in case of any doubt to
avoid any scope of miscommunication and misunderstanding after the agreement is
duly signed.
Over the years uninsured citizen rate has decreased in developing and
developed countries providing great competitive opportunities to health
insurers. Raising option of awareness and altering them to give the best
alternative to cater patient needs. According to Health
Care Industry Research Report Developing
countries like India by 2020 would see a great increase in healthcare
industries and thus IRDAI has formed same rules and regulation for government
and private health insurance company to ensure safety of client. Government
insurance providers are open for negotiation and offer services at discounted
rates still people are more inclined towards private sector insurance provider
as they have benefit of restoration and offers full coverage on medical
expenses. In developed countries such as The United States of America humana,
profit insurance provider organization has a great market share than any
private provider or AARP. In Europe EHIC is the market leader. The common
objective of every health insurance company whether government or private comes
down to providing cost- effective and satisfying services to their client.
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Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
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