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The recent COVID-19 pandemic has reinforced the importance of health insurance in the minds of people across the world. The cost of health insurance is increasing on a day-to-day basis further solidifying the need for insurance. The very concept of affordable healthcare has declined over the years making it hard even for middle-class families to afford certain treatments. This is where the significance of health insurance comes to play.

Mentioned below are certain tips for choosing the best health insurance in Dubai:

Network Hospital Coverage

Network hospitals play a vital role in determining whether to accept family insurance coverage or not. If your insurance has an extensive network hospital coverage near your house the policyholder can use a cashless claims facility for the treatments of his family. With cashless claims, the cost of hospital treatments will be borne and directly paid to the hospital by the insurer. Otherwise, the policyholder has to resort to a reimbursement model, in this model the policyholder pays the cost of treatments to the hospital and asks for reimbursements from the insurer for the same. The alternative model can sometimes cause short-term financial problems.

Choose Lifetime Renewability

Plan Certain health insurance companies in the UAE offer limited renewability policies against lifetime renewability plans. While deciding on the perfect insurance plan make sure to thoroughly go through the terms and conditions and if possible reconfirm with the insurer. This is very important because it is in old age that you would require health insurance the most hence lifetime renewability will serve you well during your retirement life. Remember switching insurers during your pension years is a very difficult process and most insurers would be reluctant to insure an individual/family at that age limit.

Compare

It is very important to compare health insurance before settling on a specific policy. There are many insurance aggregators available in the UAE such as policyhouse.com who offer UAE residents an opportunity to compare various policies and select the one that suits them the best. The aggregators give their customers an opportunity to compare key aspects of each policy helping the prospective customer take informative decisions.

Claim Settlement Ratio

While looking for health insurance compare UAE it is equally important to check the claim settlement ratio of the insurer. The claim settlement ratio is the percent of claims settled from the available number of claims submitted by the policyholder. A higher claim insurance ratio shows the credibility and commitment of the insurer to honor their contract.

Scope of Policy

Another important aspect that the policyholder needs to compare is the scope of the policy. All policies will usually have what is commonly known as an inclusion and exclusion list. The inclusion list will have detailed information on the things covered by the insurance and the exclusion list will have details of things that will not be covered by the insurance. Hence it is very important to understand the inclusion and exclusion list before finalizing the policy of your choice.

These are certain general tips to consider before finalizing the perfect family insurance coverage. Please understand buying a family health insurance coverage is an important purchase hence if you could not make your mind it is always a good idea to talk to an expert. An insurance expert can help you find an insurance product that fits your purpose at the right price point.