The demand for health insurance in India is rising on a daily basis. While, people have started realizing the importance of having a health insurance for themselves and their families, one thing which raises concern is unawareness about the types of
health insurance one may need.
There are many general insurance companies who offer health insurance in India. In addition, some companies offer only health insurance policies. Therefore, today, if someone is planning to buy a health insurance in India or is looking for a medical cover, he/she may comes across a long list of policies offered by different insurance companies. While a variety is always welcome, as it gives lots of option to choose from; so many options may lead one to confusion as to which policy to buy.
While you are looking for a health insurance plan to suit your needs, ensure that it offers risk coverage for most of your expenses related to medicine, medical test, hospital room and ambulance.
Take a look at some points you should mull over at the time of picking a health insurance policy:
Look for reasonable premium. It is not necessary that the most expensive health insurance policy will be the best. Do an online comparison of different health insurance premiums offered by different companies and pick the one which is not expensive for your pocket. A health insurance is meant to financially support you in time of medical emergency, and not burn your pocket in name of premium amount. Thus, understand your needs and fix a budget for health insurance premium.
Do a comparative study of different health insurance policies. This will give you a better idea to judge the authenticity of the premium being charged against the policy; because such a comparative study will give you better understanding of the policy in terms of coverage's and exclusions. Apparently, this will help you in analyzing whether the policy you want to buy offers coverage for most of your medical expenses or not. For instance, regular check-ups and visit to health clinics, pathological tests, etc.
The more premium quotes you have the more are the chances that you may choose the best quote and get the best possible health insurance policy.
Find out about the market reputation of health insurance provider you are willing your health insurance policy from. There are many websites which offer reviews and rating on the kind of services these health insurance companies offers. This will give you an idea if you are buying the policy from the right source or not. You can also enquire among your friend circle and/or extended family. Someone’s personal experience with a health insurance provider can either save you from going to the wrong source or get you the best deal.
What are No Claim Bonus Benefits in Health Insurance?