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How To Compare Affordable Health Insurance Plans Online In India?
Before buying any product, we spend a considerable amount of time on research. Compare its prices on different platforms, check out reviews, and so on. The entire exercise ensures that you not only end up buying the best product but also at the most affordable price.
There are no reasons why one should not do the same when buying a health insurance plan. When you compare insurance policy, you more or less end up with similar benefits. Compare health insurance plans to get the most affordable plans that also pack in the most features available.
1. Policy Coverage
When you compare health insurance plans, policy coverage is a crucial aspect that should not be ignored. Health insurance plans usually offer a wide range of covers such as pre and post hospitalization, medical covers, critical illness cover, ambulance charges, cashless benefits, maternity benefits, etc. Whether you are buying for yourself or the entire family, a policy with a wide range of these covers is advisable.
2. Co-Payment
As you compare health insurance plans online look for the fingerprints for mention of co-payment. A copayment is a small percentage of the total expense claim that you must pay from your pockets and your insurer will pay the rest. For instance, if your claim is of INR 2,00,000 and the co-payment is 10%, you must pay INR 20,000 and your insurer will pay the remaining.
3. Limit on Room Rent
Another important point to consider when you compare health insurance plans online is the limit on room rent. Your plan and its coverage define the type of room that you can opt for. Thus, you can opt for a plan with a higher room rent limit, to avoid paying any more charges from your pocket.
4. Lifetime Renewal Option
Compare health insurance plans online to identify insurers and plans that offer you a lifetime renewal option. The simple rationale is that you will most probably need the health insurance plan for your later years. A lifetime renewal option will ensure that you can continue with the plan. And not worry about buying a different plan once you have crossed the age limits.
5. Waiting Period
A crucial aspect of health insurance plans that some people tend to forget is the waiting period for certain conditions. While health insurance plans usually cover some pre-existing conditions, for other medical conditions you might have to wait for some time. A common example is that maternity expenses are covered after 2 or 4 years of buying the policy.
The above information will help you compare insurance policy with a bit more ease. You can either visit the website of a couple of insurers or take the help of insurance aggregators. Insurance aggregators make it easy for you to compare insurance policy, so that you can focus on getting a policy that caters to your needs.
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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Jan 08, 2025
Health Insurance
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Having health insurance is now a top priority among potential policyholders, who are increasingly aware of the importance of accessing quality healthcare at an affordable cost. Not only does it handle finances, but it also gives peace of mind during medical emergencies. Getting coverage without dealing with cash or documentation makes the cashless claim process an attractive feature of the health insurance.
Rather than making an advance payment and waiting for reimbursement, policyholders can receive healthcare from network hospitals without incurring out-of-pocket expenses. With its support, worrying about finances becomes less of a concern, and managing healthcare bills becomes simpler. For emergencies, where time and money are of concern, using cashless claims is very helpful for individuals and their families.
If you are planning to buy two-wheeler insurance and are seeking answers to some frequently asked questions, look no further. Read on to know the two wheeler insurance FAQs related to bike insurance policy in this post.
Choudhary is a privately employed person in Bangalore, and he uses a car to commute to his office daily. While driving his vehicle one day, he met with an accident that resulted in major damages and rendered his car useless. Since he had a car insurance plan, he claimed total loss and that helped him manage expenses without causing any financial burden on him.
Buying two-wheeler insurance online can be a bit overwhelming for first-time buyers and even for policyholders with prior experience. While it is recommended to compare insurance plans before buying them, having some basic understanding will help you extract the most out of them.
If you think lifestyle-related health issues only show up after 40, think again. Youth no longer guarantees immunity. Today’s 25 - 35 age group is increasingly facing medical issues that only plague older adults. The reason? Long working hours at the desk, deliveries on speed dial, and a social life that rarely includes a decent amount of sleep are some of the reasons for the early onset of medical conditions like diabetes, anxiety, and hypertension.
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