There are a variety of health insurance plans available in India, from individual plans to family floater and senior citizen health insurance etc. Hence you need to assess your requirements first, and then purchase a health plan. Once you know what health insurance plan, you should check the important tips to consider before opting for one of the best health insurance plans.
Important tips that one should consider while buying a health insurance plan:
1) One should choose a health plan that secures you against a wide range of medical problems, and provides benefits including pre and post hospitalization, day care expenses, transportation, illnesses that you may be at risk of due to your family's medical history, etc. If you are buying health insurance for your family, check whether the policy meets the needs of each member of your family.
2) When you buy a health plan, make sure to check for how many years the plan will cover you or whether it offers renewability or not. Because you will require a health plan the most, during the later years of age. So, choose health plans which offer lifetime renewability.
3) It is important to buy a health plan that meets your needs, it is equally important that it suits your pocket as well. But, you should consider the plan benefits before you consider the price of the plan. It is a wise decision to buy a reasonably priced health cover at the start to ensure you are covered properly and the premiums are also affordable.
4) Once you have a selected list of health plans, check whether your preferred hospitals and doctors are included in their hospital list of networks. We should prefer an insurance company that has a wider range of networks of the hospitals across the country and world.
5) The claim settlement ratio is the number of claims settled by the insurance provider over the total received claims. Higher the claim settlement ratio the better preference one should opt for.
Undeniably, health insurance is one of the most essential requirements to our health problems. But unfortunately, health insurance is the most neglected type of insurance as it doesn’t provide any benefits unless you get sick. Therefore, it is very important to stay prepared for the financial consequences of a health problem. You cannot plan and get sick, but you can certainly stay financially prepared for the worst.
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