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Why You Must Change Your Health Insurance Plan?

By Ruchi Gohri
  | Published: 12 May 2021 | Last Updated On: 09 June 2021

Don’t gamble with your health, get the right cover at the right price.

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The medical needs of an individual tend to change at every stage of their lives. A sound health insurance plan helps you deal with your medical expenses by ensuring financial security. They allow you to get better treatment and focus on your health.

People prefer buying health insurance in Dubai at a younger age as the premium amount gets calculated based on the age of the insured. The insurance companies rely on the fact that the older a buyer is higher the risk he/she poses to the company, hence the premium charged is a lot more. 

A lot of people enable the auto-renewal option for their health insurance policy to remain free from the hassles of annual renewal. However, with the changing needs of medication, people need to upgrade their health insurance plans. It is indeed worth sparing some time to take a look at your insurance policy and see if you need an add on or a wider coverage for upcoming year.  

Top Reasons to Change Your Health Insurance Policy

There may be various reasons to upgrade or completely change your health insurance policy. We have listed a few of them here: 

1. To Get Higher Insurance Cover

The cost of availing of healthcare services is increasing day by day. Various health insurance companies are upgrading their health insurance plans with the increasing requirements of the policyholders. If you have insurance that comes with low insurance coverage, you must consider changing or upgrading it. With the right insurance cover, you and your family can be safe against many medical emergencies.

2. To Fulfil the Transforming Needs

The health concerns change as you age. To keep up with these changes and fulfil your medical requirements it becomes critical that you review your plan and upgrade it if necessary. With increasing age, one needs special care, attention and quality treatment. You must always focus on buying an insurance plan that meets most of your transforming health needs if not all of them.

3. To Improve Quality of Service

A lot of times, buyers tend to settle with a sub-standard insurance provider because they are offered lower premiums. We are lured by discounted premiums and the quality of service often takes a back seat.  If this has happened to you as well then you can consider changing your health insurance plan. 

4. To Save the Money

Health insurance in Dubai comes with various excellent features and benefits. You must know what you are paying for. Most insurance companies offer the same benefits at lower insurance rates. Stay updated with the market and keep on checking the offers from other insurance providers. And if you feel you are paying more in comparison to the benefits that you are getting, choose a health insurance policy that’s reasonably priced.

5. To Avail Better Services

There are hundreds of health insurance companies in the UAE. The number of competitors for insurance companies has increased in the past few years. The consumers however can take an advantage of the fact and compare the services offered by different insurance providers to find the one that offers the best services. You can also log on to policybazaar.ae, compare and find a suitable plan for yourself.

6. To Add a New Member

You must take time and review your health insurance policy when you are welcoming a new member in your family. Whether it’s your spouse or a child, they ought to be covered under your health insurance plan. Make sure you analyze your current needs and modify your insurance plan accordingly.

7. To Get the Right Treatment

You must have a health insurance plan that gets you the best medical treatment. Healthcare service providers are quite specific about their choice of health insurance plans. Make sure you get a plan with a long list of network of hospitals along with quality service guaranteed. You must evaluate your medical needs and check your financial cover to figure out if you will be able to get the right treatment under that specific health insurance plan. And if not, maybe it’s time for you to change your plan.

8. To Extend the Coverage

The popular plans for health insurance in Dubai usually cover the wider geographic area. However, if you relocate and your plan doesn’t provide coverage in the area that, then you must consider chaning your health insurance plan. Although most policies for health insurance in Dubai come with a worldwide cover, you must check that once before you renew your plan.

9. To Get the Better Product

The healthcare industry has come across various advancements in medical technologies. Some of the health insurance companies in Dubai have adopted these upgrades and have started offering them to the customers. Most customers who are aware of newer, better products in the market try to make a justified switch. These benefits generally include higher coverage, life-long renewability, coverage for alternative treatments, greater cover for family members, and a lot more. If your pan is dated, you can consider switching to a new one.

10. To Maximize Your Tax Savings

You can change your health insurance plan if you are not getting good tax benefits. Most of the plans for health insurance in the UAE qualify your medical expenses and save your tax at the same time. Make sure you perform your research and choose the health insurance policy based on your requirements.

Final Thoughts

Reviewing your health insurance policy and changing it if it doesn’t fulfil your needs is essential as it provides financial security to your family members. Make sure you conduct thorough research and find a medical insurance plan that meets all your medical and financial requirements. If the entire process seems too confusing, you can simply log on to policybazaar.ae, compare plans and buy one that’s most suited to your budget and needs.  

 

Ruchi Gohri
Ruchi Gohri12 Posts

Senior Content Writer | She has a penchant for writing and with over 5 years of experience, she plays around with words elegantly, crafting simple content for all to read. In her free time, she loves her couch either to read or catch on to her sleep.