Make the Best Out from Health Insurance Plan

It has been rightly said that, "Health is wealth". Without health nothing can be achieved or enjoyed. No doubt, it needs our utmost care. Although you can always take care of your health, you never know when you would lose it. And, it also happens most of the time that you realize the importance of your health only after losing it. The rising health care and medical costs may put a financial strain on not just you but on anyone. So why not be prepared in advance and get ready with a cover when your health goes down.

There are various health plans available in the market to suit your requirements. Each health plan aims to give you a cover in case of medical emergencies, in lieu of which you agree to compensate the company with a definite premium sum on a regular basis for a fixed period.

You can either go for individual or group health plans. In group health plans you can take cover for your family and also add other people as per the underwriting conditions laid by your chosen company. You can choose a plan by comparing several different Health Insurance Plans being offered by different companies.
Some of the health care plans are:

General Health Insurance Policy: This policy is meant for individuals. It aims to provide a cover equal to the sum insured.

Family Insurance: This plan covers your whole family. You can also get your parents covered under this by going for a matching plan.

Met Health Cash: This is a simple health insurance policy that covers you and your family. It gives you protection against hospitalization expenses by giving you a fixed daily hospitalization cash benefit that may range in multiple of Rs. 1000.

To avail this plan you are not even required to undergo any medical examination. In this plan you have the option of choosing either 10 or 15 or 20 days of fixed daily hospitalization cash benefit in a year. This plan also gives you coverage till you turn 75. What's more, every additional member insured gets a 10% discount on his premiums.

Lump sum payment plan: Under this plan you get an assured sum (as mentioned in the plan) on the detection of a particular disease, irrespective of the number of times of your hospital visits.

Such plans, apart from providing you a cover in case of medical emergencies, also provide you incidental benefits, such as purchase of medicines and tax allowances.

In India, specialized insurance company like PNB Metlife offering services such as Protection Plans, Health Insurance Plans with Life Insurance Plans. For more details visit - PNBMetlife.com

Article Source: http://goarticles.com/article/Make-the-Best-Out-Of-a-Chosen-Health-Insurance-Plan/7950565/

Various Plans that can help you after Retirement

There are several kinds of insurance plans existing in the market. All aim to either secure the life or enhance the standard of the life of the insured person in one or the other way. Plans such as retirement and protection plans can prove to be beneficial to anyone looking to secure his old age.

Retirement is a phase of life where everyone wants to be free and live life on his on his own terms. It is a phase meant to be enjoyed by everyone for the hard work that he has done all through his life. But this is not the case always. Most of the time, our plans get a bumpy ride due to the financial strain that starts getting build up during our old days.

There are several kinds of insurance plans aimed to secure your retirement, some of which are:

Retirement Plans: These plans give you a regular income during your non-working years. They assure you a monthly income that you want, apart from guaranteeing you a bonus every year till the end of the policy term.

There are also some variations in such plans where you are required to pay premium for 7 years only, which makes you eligible to get back the assured income that you select at the inception for 8 years. What’s more, you can also go for the benefits of income, even if you are no more there, for 15 years or till the end of the policy term.

Similarly, there are monthly income plans that guarantees you regular monthly income for you and your family when you are there or even when you are not there. You can also go for plans where you can pay for 15 years and get assured monthly income for 15 years. All these plans come with accrued bonuses at the end of the term. These plans aim to give you a financial security during your retirement years. They can also act as pension plan to you.

Protection Plans: These plans save your family from the burden of fulfilling loans, EMIs and other such liabilities that you might have incurred during your life.

Met Suraksha Plus: This term insurance plan takes care of your financial commitments after your death. It aims to fulfill your financial liability and save your family from it. This plan comes for a nominal cost. You can also go for the option of getting back all premiums paid at the maturity.

Article Source: Goodinfohome.com

Life Insurance Plans Necessary for Everyone

We get our house, vehicles, business goods and other things insured thinking them of their intrinsic value, then why not our lives? Getting our life insured is one of the best gifts we can give to ourselves and our family members. Life Insurance Companies in India are doing a good job in this regard, they offer different type life insurance plans to cater to different requirements of people from different walks of life.

A life insurance policy aims to secure the life of the relatives/ nominees of the policy holder. Whenever the policy holder dies during the insurance period, his/her family apart from suffering the mental trauma also goes through economic hardships, it is here that an insurance company comes into picture by providing them the required monetary support. Just like any other contract, life insurance is also a legal document enforceable in the courts of law. It is a contract between the insured and his chosen insurance company for an agreed sum which is to be paid either at the time of maturity or at the time of his death. The insured in lieu of the agreed sum agrees to pay a regular premium for a specified number of years. The rates for such premium can vary according to the chosen plan.

It can also be seen as an investment in the secured future of the family. But there is a wide misconception that only the head of the family is required to be insured. This misconception is based on half-known truth. The fact is that anyone’s life can be insured. The moment a person is born, he becomes the subject of life insurance. Securing his life means showing the care for him and for his family. The idea is, life is precious and should be ensured to affirm the fact.

Approaching a Company

After you have decided to get your or others life insured, you have to approach a company that offers these services. Different companies have different policies that attract different premium rates for different benefits. You can approach them to know their offerings.

You may also compare different policies with each other to determine their suitability to you. Apart from this, you must also look at their redemption procedure because some policies may really get cumbersome at the time of their redemption. And, last but not the least; go through their brochure to find their terms of agreement before signing on the dotted lines. 

Article Source: Goarticles.com