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Things to Remember before Buying a Health insurance Policy Everyone understands the importance of getting health insurance. However, a health insurance policy should not be bought without thorough deliberation, simply because it is important and one should ideally have it. There are several things which one should consider before buying a health insurance policy. Here they are:
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The Right Time When looking to buy a health insurance policy, everyone waits for “the right time” to buy it. The truth is, however, that there is no right time to buy a health insurance. Whenever one buys it, it is a great decision. And it should be bought at the earliest for two primary reasons. First is that, the earlier at their age one buys, lower is their premium. Secondly, buying early provides more comprehensive coverage.
Type of Coverage Required Health insurance is divided into two categories: Individual and Family Floater. If one is unmarried and has no person dependent on them, then it is best to buy an individual policy. However, if one has a family in which their spouse and/or children are dependent, buying a Family Floater Plan is the prudent option.
The Insurance Company This is something that many people generally overlook but they should not. It is crucial to consider the insurance company from which one buys the health insurance policy. It is important to do research about different companies and the policies they are offering. Ideally, companies with highest claim settlement ratio are considered the best because they settle a claim in a shorter period of time and in simpler manner. Although there are certain other factors which one should keep in mind before buying a health insurance policy – like sum insurance, co-pay clause etc. – keeping the aforementioned points in mind before buying a health insurance policy will greatly help in choosing the right one.
Liberty Insurance is a joint venture of Liberty Insurance Mutual Group, Liberty Industries Limited, and Liberty Citystate Holdings. Its aim is to provide best insurance coverage to people, so they can live a life with less worries.
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Contact Us: Liberty General Insurance Company Address: 10th floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel Mumbai Maharashtra 400013 Website: https://www.libertyinsurance.in/ Phone No: 022-67001313 Fax No: 022-67001606 Social Connections Facebook: https://www.facebook.com/libertyGI/ Twitter: https://twitter.com/LibertyGILtd LinkedIn: https://www.linkedin.com/company/liberty-general-insurance Google+: https://plus.google.com/+LibertyvideoconIndia YouTube: https://www.youtube.com/user/LibertyVideoconIndia