Health insurance not attractive with good deals

When foreign tourists are coming to India, the country is not standing safe from the danger of swine flu. When a viral fever attacks many are advised to take bed rest and many gets critically ill. Even a mosquito is creating the danger to the length.

In all, India is not so much protected from diseases which are causing danger to lives and no city and no state is out of danger in the current conditions. So the question arising here is 'Why some people are not going for health insurance'.

If an individual is not having a health insurance policy in his hands then he has to pay all the medical expenses from his pocket which affects the financial position of person to a higher level. Illness among kids are a common thing but leaves the financier of the family in a mess. And if its is the time to pay for the surgery of a family member then no one can predict the expenses.

A beneficial health insurance policy from a good company is the solution for the problem which is not considered by many in the current economic climate where recession has forced the investor to consider an insurance policy as an investment and analyse whether it will yield returns or not.

There are many general insurance companies present in the market with beneficial health plans like Reliance Health Insurance, HDFC Ergo and ICICI Insurance company but are not able to collect so much premium income because of people's less trust on the private insurance companies.

The global economic slowdown has resulted in the change of mentality where not many are interested in investing their money in any plan or policy which is not giving out assured returns so why should any one go with a term or health insurance policy where no assured benefit is present.

But one has to consider the risk factor before deciding over the investment options. Whether the share market is still or volatile, economy is growing or declining, one cannot ignore the life and health related risks in his/her life.

In the pressure of not investing in private insurance companies, the insurance seekers ignore some very much beneficial plans like individual mediclaim, Reliance Healthwise and Reliance Critical Illness provided by Reliance Health Insurance in which it offers the benefits of 7-8 surgeries, lower premium family floater plans, TPA support and cashless facility along with the tax benefits under Section 80D.

Similarly ICICI Insurance company has also made its mark in the market by establishing itself as a brand in the insurance industry by providing the health insurance plans like Health Advantage Plus, Personal Accident and Hospitalization Cover. These plans also provides some relief to the policy holder at the time of accident or critical illness. The Hospitalization Cover here is the family floater plan where one can insure the health of its family at the cost of one health plan.

Talking of family floater plans, HDFC Ergo, the general insurance company also provide a beneficial plans where one can include his parents in the plan.

So, the analysis says that the private sector health insurance companies are standing with some beneficial deals in hands despite of getting a hit from global economic slowdown.