Having a Health Policy is important for various reasons. It lets you fund unanticipated medical expenses. It also covers out-of-pocket costs like hospitalisation, bed, ambulance, etc. All your monetary needs concerning medical treatments are taken care of. But before checkingHealth Insurance Plans, consider a few things.
Doing so lets you pick an appropriate policy that suits your requirements. It alsoassists in choosing a reliable Insurance provider. Here are some of them explained briefly:
1) Mind the age criteria
Health Insurancecaters to differenteligibility criteria. One of such barometers is age. While selecting a policy, be mindful of the age of your family members who are to get insured. This determines several other factors related to the Insurance. For example, in a Family Floater Policy, the cost of the premium depends entirely on the age of the eldest family member. Also, check the age limit requirement issued by the Insurance provider.
Certain Health Insurance Plans in India have a minimum age entry of 91 days and the maximum age entry of 60 years. It is best to be mindful of them.
2) Premium & coverage combination
Buying Medical Policies with a low premium is considered lucrative. However, there is a flip side. A policy with a low premium only benefits you if it offers you extensive coverage. If it does not, there is no point in availing a Health Insurance Policy.Check for providers that offer both low premium and comprehensive coverage. It should not be difficult to find one today.
You must also see if there is an additional clause of deductibles, sub-limits, or co-payments. You may need to pay more during the claim settlement if there is.
3) Hospitalisation benefits
Ideally, insurers have a tie-up with network hospitals. During medical emergencies, insurers can opt for cashless treatments at such hospitals. The insurer also pays the sum insured directly to the hospital. Therefore, check for such benefits before buying an online Health Insurance. Also, go through the list of empaneled hospitals associated with your provider. This way, you know which network hospitals are available in your vicinity.
4) Health check-up facilities
Like otherGeneral Insurance, Medical Policies are also comprehensive. In some cases, Insurance providers pay for preventive health check-ups. They fund all tests and screenings needed for a diagnosis. The coverage, however, varies between providers.Seek such facilities to save up on extra medical bills.
5) Claim process
It is the most crucial factor to consider before opting for Health Insurance. Be sure to go through the policy wordings thoroughly. Check the claim process followed by the Insurance provider. It should be smooth, quick, and involve no additional formalities.If you need more clarity, do your research. Read customer reviews and feedback as they are highly reliable information sources. A competent Medical Insurance provider should have positive testimonials to back its efficiency.
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