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Best Tips To Select Health Insurance For Your Family
Health insurance is a major requirement in today’s day and age. Everyone needs health insurance. However, buying the first medical insurance plan that you come across is never a good idea. You need to do some homework, compare insurance plans and then select the ideal health cover. Read the blog to know how to select and which is the best health insurance policy for your family?
Know your needs
The first step is for you to know your needs. If you have a large family, you need to cover everyone under a family floater health plan. If you are single with no dependents, you need to look at the health insurance quotes for individual health covers. If you have any particular illness you need to find a plan that offers suitable coverage for it. This is why it is very important for you to do some background work and find a plan that is well-suited to your exact needs.
Check the other covers you have
Do you have a life insurance plan with a critical illness cover? Does your spouse also have a comprehensive plan under which you are covered too? When you compare insurance plans to buy a health policy, make sure you keep this very important point in mind too. Underinsurance is harmful but over insurance is redundant as well, so get the correct cover you need.
Look for riders
Riders are add-on covers that allow you to make the medical insurance policy better suited for your needs. There are many good health insurance riders such as the hospital cash rider, the room rent waiver rider, etc. Go over the terms and conditions associated with the riders and choose the ones that are of use to you. Riders are available at an added cost and so the health insurance quotes go up when you buy riders, but the coverage increases as well.
Understand the clauses
Health insurance has many clauses associated with it. This is why you need to read the policy wording before you buy health insurance policy online. Check for the exclusions, co-pay rules, rate capping clauses, respiration details, etc. Also, look for the renewability clause. Ideally, you should get a health plan that offers lifelong renewability.
Compare and buy
And finally, you should always remember to compare the various health insurance plans before you get your policy. Comparing proves to be very helpful as you find the best plan at the best rate. You also get to spot the best insurance provider and this proves to be extremely beneficial for you. Comparing health insurance is simple and you can do it free of cost too. Therefore, compare the plans and only then buy health insurance policy online.
The final word
Compare insurance plans and then buy health insurance policy online and you will make an excellent choice. Keep all the points mentioned above in mind when selecting your family. If you do so, you will surely end up with the best plan to keep your and your family’s health protected at all times.
Over to You
Care Health Supreme and HDFC ERGO Optima Restore are among the best health insurance policies in India today. It is a matter of your priority, coverage depth over cost effectiveness. Here’s a quick recap for you to make an informed decision.
Both offer coverage of up to ₹1 crore; Optima Restore starts at ₹3L, Care Supreme at ₹7L. Supreme offers unlimited recharge; Optima Restore offers 100% once a year, after a claim is made. Care includes OPD + unlimited e-consults; Optima lacks OPD, allows one consultation/year. Care gives a 30% discount + 500% bonus; Optima offers 8% discount + 50% bonus. Care Supreme is costlier but has more features. Optima suits budget buyers; Care fits those needing wider, long-term coverage.
Whichever health insurance plan you choose, ensure to read the policy wordings and seek advice from an expert before you make the purchase. The best health insurance is the one that covers you the way you want to be covered.
Speak to an Advisor Both offer coverage of up to ₹1 crore; Optima Restore starts at ₹3L, Care Supreme at ₹7L. Supreme offers unlimited recharge; Optima Restore offers 100% once a year, after a claim is made. Care includes OPD + unlimited e-consults; Optima lacks OPD, allows one consultation/year. Care gives a 30% discount + 500% bonus; Optima offers 8% discount + 50% bonus. Care Supreme is costlier but has more features. Optima suits budget buyers; Care fits those needing wider, long-term coverage.
Whichever health insurance plan you choose, ensure to read the policy wordings and seek advice from an expert before you make the purchase. The best health insurance is the one that covers you the way you want to be covered.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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