What is the Documentation Process to buy Medical Insurance?

2 min read

Health insurance is an important service that helps you take care of the financial burden of medical emergencies, no matter when they may occur. Medical insurance isn’t just a tax-saving tool – it can be your best investment. Health insurance policies are available to people aged 18 and over, but it’s recommended that you purchase one as soon as possible so that you still have time to save money for the future while relying on your health insurance policy in case of emergency. 

This blog will provide you with a list of paperwork you need to buy medical insurance online.

Medical Insurance: Pre-Defined set of Documents

The medical insurance industry is a highly competitive one, with new players entering the market every day. With the advent of Internet-based health care services, buying medical insurance and online term insurance plans has become more convenient than ever before. However, there are many things to keep in mind before you buy medical insurance online. The first thing you need to do is identify your requirements and then select the corresponding set of documents that will be required for your application process. 

The following are the documents required to apply for medical insurance:

1. Age Proof

You will be required to show evidence of age for every individual who will be insured by the medical insurance policy you choose. You may submit any of the following legal papers.

  • Certificate of Birth
  • Aadhaar Card
  • Secondary or Higher Secondary Exam Mark Sheet
  • Passport
  • Driver’s License
  • Voter’s ID Card
  • PAN Card

2. Proof of Identity

One of the following types of identification will be required of you.

  • Aadhaar Card
  • Passport
  • Voter’s ID Card
  • Driver’s License
  • PAN Card

3. Proof of Address

You will be asked to provide permanent evidence of address. For the same, you may provide any of the following legal papers.

  • Aadhaar Card
  • Electricity Bill
  • Voter’s ID Card
  • Telephone Bill
  • Driver’s License
  • Passport
  • Ration Card

4. Passport-size photographs

5. If you are required to undergo a medical test, it is also necessary for you to submit the results of the tests.

6. Aside from these papers, insurance firms may request additional documents or any other information based on company regulations and the inspection of your application.

Conclusion

We hope that the information we have provided will help you make a more informed decision when you buy medical insurance online. Remember, there are many different options out there for each individual and company size so don’t be afraid to explore your options before settling on one particular provider. However, it is important that you have all the required documents and information ready for your insurer. Doing so could save time from waiting on a response back from them, which in turn will allow you to get coverage faster!

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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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