~Moneycontrol has introduced a rating tool that has sifted through 27 insurance companies and 130 insurance policies to identify the best fit for you, and policies that come with a solid track record in claims~
08, September, 2022: The financial budget of an average Indian household often leaves out health insurance. However, tables have turned drastically with the pandemic reinforcing our attention toward healthcare and emergencies, which strike without notice. A decent health insurance plan always comes to the rescue in the event of an emergency medical condition, as it reimburses medical expenses, while maintaining the budget. Solving the nationwide lack of awareness about health insurance, Moneycontrol, India’s leading markets and finance platform, presents a brand-new comprehensive tool called Moneycontrol-SecureNow Health Insurance Ratings, which helps choose the right health insurance plan.
With only 12% of India’s 1 billion+ citizens secured with insurance; the majority of the country requires encouragement to purchase personal health insurance policies. Moneycontrol-SecureNow Health Insurance Ratings fills this need by sifting through 27 insurance firms and over 130 health insurance policies that are not only comprehensive, but also have a solid track record in terms of claims experience. The ratings narrow down policies based on cost, room rent limitations, pre-existing conditions, co-payment, no-claim bonuses, and other aspects. It also thoroughly investigates the durations of claim resolution by insurance companies.
This new section enables people to choose proper health insurance coverage simply by entering their age, who they want to buy the policy for (them or their entire family), and the amount of insurance cover they require. All plans that meet their criteria are listed in the order of its ratings from A to C, with A being the highest and C being the lowest. The ratings tool has also got every detail of all the listed policies, in case the user wishes to delve deeper and understand the conditions and offers of each policy.
Highlighting the key aspects of this property/tool, Kayezad E. Adajania, Editor – Personal Finance, Moneycontrol, says, “When it comes to premiums, we often feel that the cheapest policy is the best policy. That’s far from reality, as purchasing a health insurance without proper awareness can land you in trouble because of its exclusions that you may not be aware of. Our new tool dissects all these factors and gives the best policy suited for your age and requirements, with minimal inputs required from your side.”
Users can access ‘Moneycontrol-SecureNow Health Insurance Ratings’ on the link-