The sudden outbreak of Covid-19 and many other health-related diseases recently spiked the demand for a robust health care infrastructure throughout the world.
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Cheapest Health insurance in Abu dhabi
And as of now, there is a 26% hike in the cost of expenses an individual has to incur during any unexpected medical emergency ( As per the Gulf News Reports ).
Now this cost could vary from anywhere 5000 AED – 10000 AED for a small family living in any emirates of UAE per year.
And as per the average income of a normal family in UAE, this is a huge cost.
Why one should have a Health Insurance
Considering all the above-mentioned expenses, it could be really expensive for an Individual living with a small family to bear such heavy but necessary medical expenses.
And so a Health Insurance plan is what saves you from all the unexpected medical expenses and protects you financially.
Although it’s mandatory to have Health Insurance for everyone residing in UAE as per the Government of UAE rules and regulations.
But sometimes most people take it very lightly just thinking of it as a normal official process required to live in UAE which leads them in choosing Cheap Health insurance and literally of no use except.
And end up paying 65% more whenever they incur any uncertain medical expenses.
So it’s really important to choose the best Health Insurance plan from a trusted Insurance provider which is neither too expensive nor too cheap that it doesn’t cover you enough during the time of its requirement.
How to choose the Best Health Insurance in UAE
As health insurance protects us from uncertain medical expenses, it’s important to choose a health insurance plan that suits an Individuals needs.
Although the need and choice of having any health Insurance depend on each individual.
But usually, these are the basic criteria to look at while choosing the best Health Insurance in UAE :
1. Claim Settlement Ratio: This is the percentage of the amount paid out by the Insurer against each claim in a particular financial year.
For example: If a company has a claim settlement ratio of 90% then we could assume that out of 100 claims made by different policyholders to the company the Insurance company could only be able to settle the assured amount to 90 policyholders
The claim settlement ratio = (90/100)*100 which is equal to 90%.
So it’s important to choose a policy that has a higher number of claim settlement ratios.
2. Network of Partnered Hospitals and Healthcare centers: Medical emergencies could be uncertain and your Health insurance policy must cover a wide network of Cashless partner hospitals and health care near your locality.
So that you as a patient can easily get admitted and start the treatment without searching for options of cashless treatment.
3. Pre and Post Hospitalization Coverage: This is one of the most important factors in evaluating a Healthcare Policy.
As the cost of uncertain medical expenses could easily pile up and cross your budget.
It’s always handy if your Health insurance plan covers your Pre and Post hospitalization cost
4. No Claim Bonus: The No claim bonus is like a reward for you being fit and healthy.
If you have a No claim top-up or bonus in your terms of Health Insurance then it promises to top-up a certain percentage or amount of month from your previous year’s Health Insurance amount which you haven’t claimed.
This is the best feature and most helpful for young folks that rarely bear any disease and could easily get a higher Health Insurance cover without bearing any additional cost.
5. Cost of the Health Insurance: This option should certainly be never missed while comparing anything.
Although cost is a crucial factor it will only be useful if you get the above criteria covered first.
While there is an Infinite number of Health Insurance policies keeping the following Criteria and Costs will help you to get a better deal on every penny you spend towards your Healthcare Plan.
Finding the perfect health insurance plan could be tough and time-consuming. And even though you do all of it it is highly likely that you will lose out on great deals.
And that’s the reason why Insurancehub.ae helps more than 25000+individuals every month in UAE to get the best deals on Health Insurance plan that protects them from every possible uncertain medical expense.
Our Inhouse Insurance Consultants help you to find the best deals by negotiating health insurance plans from all the top insurance companies operating in UAE.
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