MUST- Maintain Uncertain Safety Time
AND
Buy Personal Family Health Insurance
Every human being must
own a personal or family Medical / Health Insurance to safeguard his / her own
as well as family member Health as well as Life. Almost every employer serves
us with Family insurance under group insurance category which is beneficial and
good but there are some negative points as well when it comes to claim the
amount spent on Health Insurance.
1) Claim Procedure: - Sometimes, claim procedure becomes very lengthy
when your employer does not believe in you and the papers you have submitted.
The HR team examines the Medical paper as well as your records. If you are
claiming every year for some serious health issue for one of your family
members then the employer can think that you are taking advantage of Insurance
facility provided by company and may reject your application OR the company which
insured you through your employer/Company may reject your claim stating same
reason what your Company/Employer already conveyed you directly or indirectly.
Now why this happens? the reason is you are insured by third party i.e. your
Employer/ Company.
2) Company's/ Employer's Financial Position : Every company travels with their Good times
with profits and Bad times with less or no Profits. So if your organization is
running under crisis then the atmosphere is created by default that company is
not growing or is in financial crunch so we (employees) must not send papers
for claims ( STRICTLY :- Any claim whether it is Mediclaim or transportation
claim or any small spending on behalf of organization) this happens with
many in Employees.
3) Sum Insured and Claim amount difference :- Every employer/Company have their
choice of Medical/Health Insurance Policy in which the claim amount may be very
less which may not be able to fulfill your needs in extreme emergency and you
land up taking Loans or Credits from your near one. So when any
employer/company provides you the health/medical insurance sum insured becomes
the concern because on the amount of Sum Insured the premium amount is derived
and employer/company tries to cut down the premium amount to reduce the
spending on insurance year on year. The average Sum Insured amount is 3 Lacs to
5 Lacs which we need to hold on our name. Sometimes Sum Insured is divided into
family members and which creates problem when it comes to claim.
Say your Employer has
given you 5 Lacs Insurance and this includes your Parent (Sometimes parent are
not included in family insurance as their claim becomes guaranteed because of
their Age and health conditions) Wife and Children. The Sum Insured is now
divided with number of family members, so, let us count family members-
Mother, Father, You, your Wife, your child, total number in your family
are 5.Now, let us divide 5 Lacs with total family members number .i.e, 5 which
comes to Rs. 1 Lac in each pocket which is good and comfortable for small and
clinical diseases but what if any one from you need to go under surgical
process at that time this One Lac rupees in counted as penny and we end up
taking Loans and Credits.
4) Newly joined Company :- Few Companies/Employers keep cap on Health
Insurance and don't allow employees to cover their family members initially for
a year or two and afterword are allowed to include their family members. This
cap system sometimes lands you in extreme bad position if any from your family
gets hospitalized then the total burden comes on you or on everyone in the
family and in this situation you become helpless.
So, having our own
personal family Insurance is very much important then depending on our
employer/ Company insurance. If we buy insurance on our own then we can alter
our Mediclaim/Health Insurance year on year.
We get full rights to
decide on following Matters:-
- Sum Insured Amount and Premium Payment
- Options on choosing Type of Medical insurance to
Purchase
- Medical/Health Checkup (If required on the basis of
Age)
- Number of Members to include
- Parent & your family separate Insurance
Because of all of the
above reasons and problems one should spend on his/her own family Health
Insurance. Instead of depending on Employer/Company we as an individual must
take one step to secure our family members health by purchasing Insurance.
Health insurance costs maximum 25 thousand from adult to senior citizen which
will provide a sum insure of Rupees 5 to 7 Lac for citizen below 35 and 3-5 lac
for citizen 45 and above ( All figures are approximate and does not give any
surety of same amount for age criteria) which comes to 2 thousand rupees per
month on an average. So instead of spending for parties and extra non worthy
happenings do spend on your Health insurance.
Securing yourself is the
most important thing in our life. So buy a personal Family Health Insurance
Instead of depending on Employer/Company to serve you.
