Now that you’ve gone and measured up on finding the insurance plan that fits you best and investigated the important factors to consider when comparing plans, it’s now time to make a solid decision on the insurance plan that you would like to secure based on a few critical final questions.
It is important to note that each policy is different, which means that some plans will suit you better than others. It is therefore highly advised that you consider the following key aspects before making your final judgement call:
Preparation: When securing your insurance plan, what will you need to prepare? You may want to consider the application process duration, the forms you will need to fill in, and what documents or records you will need to supply if you have a pre-existing condition.
Process: What are the specific processes involved when securing a plan? You may want to consider how it may affect you if you are buying an add-on benefit or if you are buying two plans. If you are switching insurers, it’s best to ensure that you will not be left without coverage at any point in time.
Payment: How do you prefer to pay for your premiums? Most plans will allow you to pay annually, semi-annually, or monthly. It’s also important to know if your insurance provider will accept your local currency. Also find out what methods of payment are available.
Post: It’s also important to be aware of how long it will take once you’ve made your insurance plan application before you can start to receive coverage, whether your plan has a waiting period (this is especially the case for maternity and dental plans), and the procedures involved in the renewals process.
For further information, you can refer to the infographic below or get in touch with one of our experienced insurance advisors today to purchase a plan.