When you buy a health insurance policy, there are some Do’s and Don’ts that you need to follow to make sure that you get maximum benefit from the coverage. We are going to talk about some guidelines that will help you make the right choice while buying a medical insurance policy.
The importance of Health Insurance to deal with medical emergencies is undoubtedly beyond measures. Health policies allow you the much-required financial support during a health crisis. Hence, investing in a suitable health plan is important to have a financial back up to support during such times. However, when it comes to buying a health plan, it becomes a trying task if you are not well aware. Thus, one must remember the Do’s and Don’ts of buying medical insurance plans to benefit most from a policy. Let us take a look at them in this post.
While buying a policy remember that there are restrictions on coverage. Thus, you must check the waiting period clause and other restrictions as well.
Not all individuals or families are the same and their health requirements are different as well. So, do a good analysis of your family medical history and other medical needs, your age, etc., and accordingly purchase an individual or family medical insurance plan to suit the needs accordingly
It is very important to read the policy terms and conditions very carefully to know the coverage limit, to know about the inclusion and exclusions and so on
While choosing a health plan, don’t forget to look for the pre-and post-hospitalization coverage along with other charges like domiciliary, Day Care costs, ambulance cover etc.
Yes, doing research about the plan thoroughly will help you in getting maximum benefits at minimum premium. So, check for more plans and their quotes before making the right choice
Do check if the health plan has the best hospitals or your preferred hospitals of the city included in its list of network hospitals
While buying a medical insurance plan, give all the details of your health to the insurance company. Never hide any facts regarding your health condition since it could get you in trouble and in a dispute with the insurer at the time of settlement of claims
Never let even a single day gap for policy renewal. This might nullify the policy and could make your cover useless
Never buy a plan only because someone told you that it is the best medical insurance, or if you do not completely understand its terms and conditions.
Always look for all round coverage from your health plan and to achieve this, purchase extra coverage or add-ons if required
Never buy a plan without checking its important features just because it is offering low premium. Buying plans just for the sake of low premium might not help you in getting the required coverage during medical crisis
As a salaried employee you might receive health coverage from your employee. However, you must look carefully if your employee health policy is sufficient enough to fulfil all the medical requirements of your entire family. If not, you must avail another additional plan for better coverage
There are different types of co-pay clauses and insurance companies apply such clauses as per different scenarios. Some such clause include;As mentioned above, these are some Do’s and Don’ts of buying a health policy. A policy seeker must avoid such mistakes while opting for a health plan. Also, he/she should look for other important do’s and don’ts to be able to buy a suitable coverage at an affordable price.
To avoid mistakes while choosing the right health insurance policy, you can compare the plan online before buying it. This way you can check the coverage and benefits offered in terms of your requirement and the premium charged.
Having health insurance allows financial security for you against health emergencies. You can be secured against situations like accidents, illnesses, hospitalization and so on. Also, you can get tax benefits. So, always stay covered under the best medical insurance in India.
There are various factors that determine the right sum insured for your health insurance, such as:
Here are the things to consider:
* Rs. 245/month is the starting price for a 5 lac health insurance for an 25-year-old male, with no pre-existing diseases.
*! Rs. 334/month is the starting price for a 10 lac health insurance for an 25-year-old male, with no pre-existing diseases.
*@ Rs. 12/day is the starting price for a 5 lac family health insurance for an 25-year-old male and 22-year-old female, with no pre-existing diseases.
*# Rs. 12/day is the starting price for a 5 lac health insurance for an 25-year-old male, with no pre-existing diseases.
*$ Rs. 600/month is the starting price for a 20 lac health insurance for an 25-year-old male, with no pre-existing diseases.
*^ Rs. 12/day is the starting price for a health insurance that covers coronavirus for an 25-year-old male, with no pre-existing diseases.
