Things to Keep in Mind before Buying Health Insurance Online in India

Things to Keep in Mind before Buying Health Insurance Online

Health is the most important treasure in our life. Since health is the real wealth we must make sure that this genuine wealth of ours is totally protected against any danger that could come out of the blue. This is the reason why health insurance is mandatory for all. Since we can’t really predict any unforeseen circumstance or situation, it should be your prime duty to keep the health of yours and your family or loved ones totally safe and secured.

Expenses related to medical and hospitalization costs have soared high over the last few decades. Arranging fund for the treatment at any given time could become a huge problem. Plus you don’t really have any guarantee whether your savings would be enough for the treatment costs. You might have to say goodbye to your lifelong savings. So buying health insurance is the only way to battle with these factors. But there are a number of things that you must keep in mind before buying health insurance online to ensure the highest coverage and instant hassle-free claim settlement.

Compare Health Insurance

Nowadays there’s no lack of health insurance providers in India. But not every insurer will present to you the best mediclaim policies. In the past, we had to rely on our agents very much to settle for the health insurance policy. But now in present, you don’t have to be dependent on anyone in terms of buying or renewing health insurance. All the health insurance providers are available online and you can compare them on the basis of your needs and premium. After the easy and fast comparison of various mediclaim policies, you can be sure to procure the best health insurance online.

Check Waiting Period

All the health insurance companies impose a boundary of waiting period before you can get coverage on certain pre-existing diseases. Some companies force 2 years of a waiting period while some forge 4 years of a waiting period. You should always go for a health insurance provider in India that imposes the lowest waiting period.

Check Network Hospitals

Always go for a health insurance provider that has the highest number of hospitals registered with their network. From the network hospitals, you can avail cashless treatment without spending any cash from your own pocket. Your health insurance provider will take care of it all.

Claims Settlement Ratio of the Company

Claims settlement ratio stands for the number of claims a company has settled in a financial year. Whichever company you choose to buy health insurance from, make sure that the insurer has the highest claim settlement ratio. This builds a good reputation of the insurance providers in terms of their claims paying aspect.

These were some of the factors that you must keep in mind before buying health insurance in India. Also, you must make sure you check out the premium and add-on covers. Obviously, you wouldn’t like to buy any extra cover that you don’t need or end up paying too much for a health insurance plan that you don’t even get to use them properly.