Page 309 - Ebook health insurance IC27

Sashi Publications

Advantages of medical insurance
There are several advantages for having medical insurance. Examples include:

Individual clients
l Protection against financial loss
l Peace of mind
l Better quality of medical care privately
l Choice of facilities with freedom in selection of a time for treatment (no waiting

time)
l Choice of hospitals and doctors
l Private room and "hotel" facilities
l Health consciousness
l Limited individual health costs.

Corporate clients
l Attraction and retention of qualified staff
l Healthy workforce
l Limited health care budget
l Increase productivity/profitability
l Reduce employees' absentee rate
l Employees' loyalty
l Reduce employee turnover

According to a survey conducted by BUPA in the UK few years back (on a sample of
201 insured persons), a majority of individuals acquire medical insurance to have easier

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