How to buy health insurance policies that suit your needs

1. How to buy health insurance policies that suit your needs

2. Medical insurance plans or health insurance policies are perhaps the most important plans in your insurance kits. • The cost of good health care in our country is constantly rising. • A simple procedure like an appendectomy can cost you close to a lakh rupees. • In times like these it is best to be safe and invest in health insurance policies not just for you, but for the entire family.

3. If you’re wondering what factors to consider while deciding on a health insurance plan then don’t worry, we’ve got you covered. • Here are six things that you need to keep in mind while buying health insurance policies in India.

4. Decide the Amount Carefully

5. Give it a lot of thought before putting your money in it. • It’s easy to get carried away with low premiums and attractive packages, but inadequate insurance amounts can really screw you over in the time of need. • So make an informed decision by evaluating the proper costs of health care in and around your city before buying your health insurance.

6. Cashless Health Cover is Important

7. When there is a health related emergency in your family, you may or may not have time to run to the bank for the cash required during hospitalization. • You may also run out of cash required for treatment. • It’s during these instances that a cashless health cover comes in handy and buying such cover is always a good idea.

8. Age Criteria is Crucial

9. Health insurance plans often have clauses that allow easy renewal for the insurer when they are young, but the same renewals aren’t extended to them in their old age. • Read carefully through the clauses of your insurance to make sure that it allows you renewal even in your old age.

10. Look into Sub-Limits

11. Sub-limits are the amounts that your insurance will pay for during hospitalization or for any other medical cost incurred by you. • Most of the time it’s only a percentage of the expenses incurred by the insurer. • You need to pay special attention while deciding these sub-limits in your family health insurance plans.

12. Maximise the benefit of your plan

13. Your health insurance provider will list down all the pre-existing disease and critical illnesses that will be covered in your health insurance. • You need to choose the ones that you think you may need cover from. • Make sure your plan accommodates most, if not all diseases and illnesses to ensure that you’re covered no matter what.

14. Get an early start

15. There is no right age to buy health insurance for yourself and your family. • So start as early as you can and secure your future.

16. Thank You