INTERVIEW QUESTIONS INSURANCE HEALTH INSURANCE DETAILS

Question: Is it good to take insurance through banks?

Answer: If the insurance company is linked to your bank, chances are that it will offer your health insurance at a lower premium compared to other companies. Most of these health policies have a very small premium to attract the vast customer base of the bank. One of the biggest downside of bank associated low premium health care policies is the fact that banks have no active role in any decision making. Neither can the banks help the consumer in case of claim settlement. Once you have opted for a health insurance policy, the bank is simply an intermediary and you will have to deal insurance service provider directly. Hence choose your health insurance plan wisely.

If the insurance company is linked to your bank, chances are that it will offer your health insurance at a lower premium compared to other companies. Most of these health policies have a very small premium to attract the vast customer base of the bank. One of the biggest downside of bank associated low premium health care policies is the fact that banks have no active role in any decision making. Neither can the banks help the consumer in case of claim settlement. Once you have opted for a health insurance policy, the bank is simply an intermediary and you will have to deal insurance service provider directly. Hence choose your health insurance plan wisely. Source: CoolInterview.com

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