logo
Blog Image

Health Insurance in Pakistan

What Is Insurance And Why Is It Important

Posted by Admin on 28 Sep 2022

The insurance industry has been around for ages. It is booming just now, mostly in the car insurance department. With ever-increasing inflation, people are now looking for ways to invest less money and save a lot more. Needless to say, everyone benefits from the insurance industry in times of inflation. Still, there are many people who are oblivious to the existence of insurance and many are unaware of how it really works. Some people even see the whole insurance industry as a big scam to rob people of their hard-earned money. Today, let’s shed some light on how it works and why you should trust and invest in getting insured. What Is Insurance?Insurance is a document that ensures that you stay protected and covered whenever you demand it. It covers you for far more than you pay, so in the long run, it benefits you to have insurance. It is a protection plan against all odds mentioned in your insurance policy.How Does Insurance Work?Each insurer provides different insurance plans with different premiums due to added benefits. The higher the premium the higher the benefits you get. So make sure that you carefully go through all the terms and conditions and what is covered under the policy that you are interested in. What Is The Importance Of Insurance?Having insurance is like having a protective shield over your mental health and finances. It helps you in saving your money for other more important investments or for bad times. Your mental health automatically improves when the stress of the unexpected is lifted off your shoulders. Having insurance is important for your well-being and to save your finances. It doesn’t only protect you, but your loved ones as well. It protects all the people around you. When you have protected yourself, you can focus on more important things and important people around you and ensure that they lead a life as safe as yours. The main purpose of the insurance policy is to protect you financially and support you in the hardest of your time.There are many places where you can even compare insurance policies to fit your needs and budget. There are countless insurers across the country and you can purchase. Platforms like Let’s Compare Online make it easy and convenient to choose and compare insurance plans and purchase the ones that fit your needs. Conclusion:Let’s Compare Online is an insurance comparison platform or tool to help empower our clients to make their own educated decisions. We are partnered with trusted insurance companies in Pakistan. This makes us more reliable and trusted among our clients, explaining the overwhelming reviews! Not only can you compare policies but also compare the insurers and decide to stick with the insurer of your choice for life. Get insured now!

Blog Image

Health Insurance in Pakistan

Five Reasons You Should Have Personal Health Insurance In Pakistan

Posted by Admin on 27 Sep 2022

Investing in insurance is the best investment you can make. Especially when it comes to your health. Unfortunately, health insurance in Pakistan is the most ignored type of insurance. People often ignore and don’t deem it necessary unless they have a hefty bill in their hands to pay. And unfortunately, health insurance does not work that way either. Today we will shed some light on the importance of health insurance and look at when is the appropriate time to avail of it so that it provides maximum benefits in the moment of need.Let’s look at the 5 reasons why you should have personal health insurance. Healthcare Is ExpensiveSaying that healthcare is expensive is an understatement. Your hormones and chemicals don’t only get affected by bad events they get affected by good circumstances too. Stress in both forms can be dangerous whether you are constantly delighted or depressed. Hence, you never know when it takes a toll on your health and cost you thousands if not millions. So it is always advised to get insured and have a backup plan that will help you pay off your bills without setting you back for several months. It Helps You Save MoreIf you spend around 10,000 PKR on your insurance it will help you save more than 50,000 to 60,000 per year even for short ER visits. This will reduce the stress significantly helping you destress and lose some of the disorders caused by stress. It will also help you combat medical inflation as healthcare is getting more and more expensive with each passing day.Insure Early For Maximum BenefitsIt is always better to get insured as early in your life as possible. Most insurance policies do not cover pre-existing conditions. These include former heart disease history or any disorders of such kind that are diagnosed before purchasing health insurance. Even pregnancy! If you buy health insurance after conceiving it will not help you in covering since you have to buy it before conceiving. Life-Threatening Diseases Are Becoming CommonWith our lifestyles getting increasingly hectic, the diseases that threaten life are becoming more and more common too. With these diseases comes endless debt, so it is better to have none and get insured and let your insurer cover for you. It Is More Important Than We ThinkAs mentioned above, we ignore it till we need it. So get your hands on health insurance as early on in life as you can. It will be more beneficial to you than the one you will get later in life because most of your developed conditions by old age will not be covered by your insurer as they will count as pre-existing conditions. Here are some tips and reasons why you must have health insurance. Let’s Compare is an online insurance comparison platform designed especially to cater to the needs of our clients. It is user-friendly and clients can easily generate quotes. We are partners with trusted insurers in Pakistan and we take pride in the best insurance service. Get insured right now!

Blog Image

Health Insurance in Pakistan

How To Claim Health Insurance In Pakistan

Posted by Admin on 23 Sep 2022

Insuring your health is the best decision one can ever make. The asset that is the most important and takes most of your investment is yours and the health of your loved ones. No matter how much you maintain yourself you will someday end up needing some extra money to spend on something unanticipated.Health insurance, if issued at the right time, will help you a lot in your life! The younger you will get the more conditions it will cover in case you develop some during the tenure because most policies don’t cover pre-existing conditions.Now let’s take a look at how to claim a health insurance policy in Pakistan and under what conditions can you save more money.How Do I Claim My Insurance?Claiming an insurance policy is simple! It is just like claiming any other policy. Call your insurer and let them know that you need to claim the policy. They will ask you for your policy number, which should be on the very top or it should be one of the first pieces of information on the policy. You can also ask the insurer to find it quicker.Is It Worth It To Claim Health Insurance?If you want a simple and quick answer, then it is always worth it to claim insurance whenever you need it. But there are many things to consider before claiming health insurance. First being, is the amount huge or small enough for you to pay out of pocket conveniently and without setting you back? If it is small enough then it is fine to pay out of pocket.If you encounter a disease that requires multiple testing and countless ER visits, then you better get your policy claimed. Because testing and visitation require a lot of money and it will drain you off a lot. What If There’s No Testing Required?Most of the assets go into testing which requires a lot of blood testing and other physical examination. This is why it is advised to claim an insurance policy when tests are required. Otherwise, if the tests are not an issue then go ahead and pay it out of pocket. Bonus TipFor women, when getting health insurance in Pakistan, make sure you do so before getting married or conceiving so that you can have extensive cover for yourself and your child and pay off the debt easily. The insurance policy is not viable if you are already pregnant and then you purchase the policy. It falls under pre-existing conditions and this is why it is advised to get yourself insured as young as you can so your policy covers all the upcoming conditions.Let’s Compare Online Is An Insurance comparison platform where you can compare and buy policies online from many insurers across Pakistan. We are partners with entrusted insurers in Pakistan aiding our authenticity. We offer extensive plans for the car, bike, marine, employee, health, travel, and fire insurance! We have also upgraded our services to cater to the needs of more clients. So get insured right now!

Blog Image

Travel Insurance in Pakistan

How To Submit International Travel Insurance Claims-A Quick Guide

Posted by Admin on 20 Sep 2022

Traveling is a once-in-a-lifetime opportunity for many and if something goes wrong it can set you back and ruin all your plans for the trip. Hence travel insurance acts as a financial aid given if something is to go wrong. You have taken all the necessary cautions including getting travel insurance to be on the safe side. We highly recommend getting travel insurance because that protects you from any unexpected financial loss. If you face such a situation where you instantly need compensation, like losing your luggage or misplacing your luggage you should instantly let your insurer know about it so that they can proceed. Now there are many aspects to claiming travel insurance as well. There are things that you need to consider before claiming your insurance because you may want to save it for later rather than claiming it right now. Should I Ask For Claim Instantly Upon Misplacing My Luggage?The simple answer is yes, you should! But there is a worst-case scenario where you might lose your luggage and it cannot be replaced. First, consider your options. Do you really need to replace it because you need those things instantly? Like if you have clothes or undergarments in the luggage you misplaced you might need them instantly but let’s say you have your beauty products, creams, and other accessories in that luggage. You may not need it instantly because you could go well for a while or your partner may have their products and they are willing to share.But you should inform your insurer nonetheless so they can get things working fast.If I Fall Sick, Should I Get A Claim?You must have some savings with yourself for instant coverage but you should always let your insurer know and ask them for a claim because medical bills can break your back. Your insurance has adequate coverage for almost all the medical issues you may run into. So rather than wasting time you should instantly call your insurer and claim your policy especially if you need a longer period of treatment followed by outpatient visits. What If I Can Take Care Of My Medical Bills Myself?As a general rule of thumb, you must keep an adequate amount on yourself to support yourself in case you fall sick or suffer an accident when abroad without having to rely on insurance. If you think you can support yourself, then more power will be given to you! Go ahead, but we still recommend you to rather spend that amount on making nice memories rather than spending it on your health when you already have a cover. Yes, if there’s a delay from your insurer or some other issue you cannot be reimbursed instantly, feel free to use your money.Let’s  Compare is an online insurance comparison platform. We do not only sell products but we also sell good ethics and the best customer service to our clients. We are partners with trusted insurers across Pakistan adding to our authenticity. So, get insured with us now!

Blog Image

Car Insurance in Pakistan

How Much Third-Party Insurance Will Benefit Me

Posted by Admin on 16 Sep 2022

When looking for car insurance, there are many insurance options to choose from. From comprehensive ranging from 2T,3T to 5T and then Third-Party Liability. So what’s the buzz around Third-Party Liability and why is it so confusing to grasp?The simple answer is that it's not as confusing! Let’s Compare Online has always been up to date with the client’s concerns and try to answer as many mind-boggling questions as they can. So to answer this question, let’s first look at what it offers.When Is Third-Party Liability Cover Applicable?Third-Party Liability cover is only applicable in the case of an accident caused by you. This means that if you are not responsible for the accident then you cannot claim your third-party liability policy but the other driver that caused the accident should claim their policy in order to pay for the damages done to your car. It is more like a light slap on the wrist rather than full compensation for the careless driver.Since it works this way, you can also ask for the insurer’s information about the person who caused the accident and ask them to claim their policy so that you can pay for the damages. How Does It Help Me?As the driver who caused an accident, this policy will let you save a lot. Since the other driver will ask you to pay for damages, which can set you back for months or even years, third-party liability will have your back in paying the amount since you don’t need to pay it out of pocket.Will It Cover Me For Damages To My Car?Unfortunately, third-party liability will not help you pay for the damages caused to your own car. It will only cover you financially to pay for the damages to the car you caused damage to and for your injuries you will need to cover them yourself and out of pocket. Why Get Third-Party Liability Insurance Then?You don’t have to! Yes, despite popular belief you don’t have to get third-party liability insurance. It is only necessary by law to “at least” have third-party liability insurance. Having a cover necessary by law does not mean that it is the best one out there. It is only required to encourage all drivers to encourage safe driving habits.People often get confused with comprehensive due to the reason that the government tells you to have this insurance. Still, it is not a full cover and it benefits you slightly and is more beneficial for other drivers. Let’s Compare is an online insurance comparison platform working on educating clients on various aspects of insurance. We serve all types of insurance plans from reputed insurance companies across Pakistan.  We take great pride in serving our clients with the best insurance plans and unbiased advice. Most of the decision is left up to the clients unless we feel the need to intervene and serve them with a better option! Go get insured now!

Blog Image

Car Insurance in Pakistan

Which One To Opt For-Comprehensive Car Insurance or Third-Party Liability

Posted by Admin on 14 Sep 2022

The two most popular insurance types are comprehensive and third-party insurance. They are the most in demand. Comprehensive due to its full-fledged cover for any third party for its mandatory demand and lowest premium. Both play a vital role in protecting you and your car. Let’s take a look at both of them to see which one is more beneficial for our clients. Third-Party LiabilityThird-party liability insurance is the plan that gives you financial cover in case of an accident caused by you. The insurer covers you for the damages done to the other driver’s car and health and so you don’t need to pay for the damages out of your pocket. Third-party liability is also mandatory by law, this is the least coverage you should have. Having third-party liability ensures that you drive carefully and other drivers around you stay safe. This insurance plan also covers the hospital bills for the injured driver till they are nursed back to health. Comprehensive InsuranceComprehensive car insurance is in one policy and the most you can ask for. It covers each and every damage and injury to your car and you. It covers your car in case of theft, natural calamity, accident, and everything you can think of. Not only that it also provides cover in case of third-party liability.Following are the covers provided by the comprehensive car insurance policy:Accidental damagesTheftTotal lossFireRiots and strikeNatural calamitiesThird-party liabilityMedical expensesAs we can see that the third party liability is already included in comprehensive car insurance with health cover for the driver as well. So in the long run, comprehensive car insurance is more feasible. Although we always leave the decision to our clients in order to get their utmost satisfaction if the clients ever look up to us we always recommend them to buy comprehensive car insurance rather than any other because it is a complete package and covers everyone without discriminating. Conclusion:The premium might be a bit higher than the third-party liability but in the long run, it'll cost you way less. Let’s look at a scenario where you caused an accident and had to claim your insurance to pay off for “their” damages. But what about yours? You will still need to pay for your damages and that can cost you way more than a comprehensive car insurance policy. So it is better to pay for the comprehensive policy than to save money and get the third-party liability policy.Let’s Compare Online is an insurance comparison platform where you can compare and buy insurance policies online from different insurers across Pakistan. We take great pride in excellent customer service. We aim to satisfy customers with each and every aspect of their decision which is why we give unbiased advice and we are affiliated with trusted insurers across Pakistan as well. So get insured and live safe today!Related topic: What is Comprehensive car insurance?What is Third-party liability?