What are the key features a person should look for while taking a decision on medical insurance?
You should always read the policy wording. Once an individual takes an informed decision and receives cover by an insurer, we firmly suggest that the insured member should read through the policy schedule and policy wordings document. At Apollo Munich we give our customers a synopsis document (Customer Information Sheet) along with the policy wordings which helps the insured (customer) to quickly understand all the coverage and exclusions. One should always opt for a health insurance plan that has no disease specific or expenditure specific sub-limits to avoid situations where a medical claim gets disapproved due to disease specific sub-limit. This may be marginally expensive in some cases but will enable an insured to hedge a larger financial risk and have greater freedom for efficient treatment at the best healthcare provider. The young generation must be educated to understand the benefits of holding an individual health insurance policy and not be dependant on group policies provid
