A Number of Things to Keep in Mind While Buying Health Insurance in India

Few Things to Keep in Mind While Buying Health Insurance in India

Given that there are a plethora of firms selling health insurance policies in India, choosing the right health insurance policy can turn out to be a hard job. Apart from a range of mediclaim policies to pick from, daunting jargons which otherwise are called as policy wordings stimulate the confusion.

Since buying health insurance is a confusing task, following a number of methods can lead you to buy the best health cover. Find out below some of the things that you should keep in mind while buying health insurance in India.

Family Health Insurance

When you purchase any health insurance policy, don’t forget to keep your family members and their respective age in mind. Consider their present ailments (if any) as well as the family’s medical history before buying the health insurance plan. Furthermore, find out among family members if they have any pre-existing diseases before buying a policy.

Waiting Period

Almost all the health insurance providers impose a waiting period for pre-existing diseases. This waiting period can range from two years to five years and differs from one insurance provider to another. You must keep that number in mind while buying a health insurance plan online in India. The best way to escape from this waiting period trap is to buy a health insurance plan in your youth since in such cases there is technically a less chance of you filing a claim and in this way, you can clear the waiting period with ease with time.

Claim Process

The easier the claims procedure and the quicker the settlement of the claims, the better it is for the health insurance policyholder. So, these two are key factors must be kept in mind in terms of choosing a health insurance policy. Good customer support from the insurer is an additional advantage that one should look for.

Choosing the right insurance amount

At the time of choosing a health insurance policy, one must go for the amount intelligently since it covers the medical expenses for a year. Consider your age; the younger you are, lower the Sum Insured amount you require. You should also take a look at your income levels to analyze the affordable premium. An additional essential aspect is the add-on covers since they impact premium amounts. You must make sure that you chose a Sum Insured that won’t fall short in the event of a health emergency.

Network hospitals

You should always check cashless network of hospitals available with the insurance company you are buying a policy from. In case of a medical emergency or hospitalization, network hospitals offer a cashless option. The insurance provider settles the medical bills directly with the hospital. You should always opt for the insurance providers that have a high number of network hospitals.