Tips to Consider Before Buying Health Insurance Policy in India
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The severity of the diseases is increasing in India owing to the rising population, hectic lifestyle, and the unhealthy food habits of people. Healthcare treatments are also becoming costly and hard to afford. Thus, the only way to pay for the rising health care costs and to handle medical emergencies is through medical insurance. By purchasing the health insurance, the insurer agrees to pay for the medical treatments of the insured.
Top Tips to Consider Before Purchasing Health Insurance in India
It is important to choose the best health insurance provider to enjoy maximum benefits from the policy. The following tips will be of great use in choosing the best insurance plan.
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Choose Plans Based on the Age Criteria
Generally, health insurance plans have a minimum entry age of 91 days and a maximum age limit of 60 years. Some plans do not have any restrictions on the age as well. While purchasing the policy, keep the age of the family members in mind and choose the floater plan accordingly. -
Consider the Waiting Period Clause
The waiting period for certain diseases spans from 24 to 48 months depending on the health insurance plan and the insurer. The waiting period applies to pre-existing diseases and it is better to compare different plans and opt for the one that has a minimum waiting period, to benefit from the insurance cover. -
Choose the Right Insurance Amount
Based on the number of family members who are covered under the insurance and their age, choose plans that offer extensive medical benefits for a year. Family floater plans are the best if elders over 60 years of age are covered under the plan. -
Buy Plans with a Huge Hospital Network
Check the network of hospitals that is covered by the insurance company for cashless hospitalization. This will be of tremendous help during medical emergencies, to pay for the hospital bills, without breaking the bank. -
Consider Plans with No-Claim Bonus Feature
The No-Claim Bonus or NCB is the incentive offered by the insurance company for claim-free years in the policy. Schemes with this feature offer enhanced coverage amount upon subsequent renewals. -
Choose Plans with Preventive Check-up Facility
Few health insurance plans offer free health checkups for preventive healthcare at frequent intervals for the policyholders. This helps them to diagnose diseases at the earliest and prevent unwanted hospitalization. This also helps to enjoy a good state of health for a long time. -
Adopt Plans with Pre and Post Hospitalization Coverage
The majority of the health insurance plans will pay for the hospitalization expenses. But few health insurance plans pay for pre and post-hospitalization expenses such as ambulance costs, medicines, diagnostic procedures, and doctor fees. Choosing such plans will help in enjoying comprehensive health insurance.
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Bottom Line
One important strategy to consider while choosing the best health insurance policy is to choose the one with an easy claims process. This can be a real boon while settling health claims. It is important to do pertinent research online and offline and choose the best health insurance plan that satisfies all health care needs of the insured.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
