Health Insurance

GUARDING YOUR REAL WEALTH- We all need a Health Plan to safeguard our real Wealth but not too many people have understood the importance of it…You too may fall in the same category.

Imagine a scenario where one has wealth, but not good health. That’s a catch-22 situation because, without good health, you cannot enjoy your wealth. When it comes to your health, choosing the right kind of health policy is critical to ensuring one’s well-being. Along with honest self-evaluation, one should also seek the expert guidance of a trusted and knowledgeable insurance broker to help and guide him through the buying process. At Security Insurance Brokers (SIB), we offer a complete health package with different products to suit the needs of an individual or a family.

Customers are often not as clear as to what kind of health policy they require. Lack of knowledge, improper guidance and not realising one’s real need all add to the confusion. At SIB, we believe the customer must get the right Health Plan based on his individual requirement and we guide him with the necessary information and advice at each step of the buying process. To choose the right policy, you should first understand your requirement, be honest about your medical history and choose a policy according to what your budget permits. People generally do not understand the difference between a Health/Mediclaim plan. A Health plan is very often misunderstood as a mediclaim policy. The health plan is a broader terminology. A Health plan includes many kinds of covers from general Mediclaim to Special Covers which could take care of hospitalisation and allied expenses. We as insurance experts, help you zero in on the right plan. It is important to understand the right plan that suits your budget.

We also assist a customer with health insurance portability. In 2011, the Insurance Regulatory & Development Authority of India (IRDAI) allowed the portability of an existing policy to a better policy offered by a different company keeping all past features intact. This means there is no waiting period while you port the policy with the new Insurer. Portability allows an individual to transfer his policy to another company offering better features or for any other reason. One has to do the same 45 days prior to the due date where he is required to put a proposal to the insurance company so that they can examine the acceptability of the proposal.

What do you mean by annual sum insured?

The annual (basic) sum insured is the maximum amount that an insurance company will pay you, according to the insurance contract, in the event of a claim.

What do you mean by pre-existing disease?

Any condition, ailment or injury, or related condition(s), for which you had signs or symptoms and/or were diagnosed and/or received medical advice/treatment prior to the first policy with the insurance pre-existing disease.