Have you chosen the Best Health Insurance in India?

Life is unpredictable. Even though you take every step carefully you can’t guarantee your complete health safety in life. You may never know when health complexities might surround you and you have to be prepared to combat the situation. Buying a health policy in today’s time would just be the perfect initiative taken for health security. A medical policy is a coverage offered by the insurance company to individuals or groups to meet their uncertain medical expenses. It is a contract between individuals and the insurance provider that states that the insurance provider would compensate them for any medical expense that they incur in future against payment of a certain premium.

Markets are flooded with variety of health insurance plans such as critical illness, medical insurance or mediclaim policies, family floater plans, individual medical policies, group mediclaims or unit linked health plans. However, it is important for you to opt for the right plan that suffices your needs without creating a hole in your pockets. Secondly, inspite of the growing health insurance sector, their benefits and flexibilities, people are reluctant when it comes to buy a suitable policy. They often stay confused on which is the best health insurance in India for them.

The article therefore guide on some points that may help you in choosing the best health insurance in India.

Analyze Your Requirements

You can create the best if you have analyzed your requirements exceptionally well. If you have a number of people in your family or you have spouse or children then a family floater plan may work well for you wherein your family gets included in less premium rates. If you’re already registered in the group insurance provided by your employer then you can opt for more. Base on your age, analyze if health cover as of now would be sufficient for you or you need critical illness as well in your bouquet.

Plan Switching

You may consider switching your plan if you find some other policy giving you higher benefits at slashed rates. You need to be constantly on a hunt online to look for comparative features, benefits and discounts if you wish to get the best health insurance in India for you & your family. Switching of plans can be considered if you are single and holding a policy and are getting married now or if planning a family is on your mind then you may wish to have maternity coverage as well. Switching of plans may help you deal with your ever changing requirements.

Freebies Freak

For survival companies will often be seen competing with each other and in the event of placing themselves on top they try to lure customers with freebies, discounts and offers. It is always advisable that you make sure its health safety and requirements on your priority. Don’t choose a plan which is freebie specific choose a cover that is your health safety specific.

Annual Limit of Policy 

Going by the experts, annual limit of policy is yet another thing that needs to be considered. If you are the one who is putting in a small or mid-sized city then your aim of cover should at least be ranging from Rs 2 to 3.5 Lakhs whereas if you live in a metropolitan than your cover should not fall anywhere less than Rs 4 to 5.5 Lakhs. Secondly never push your limits to higher premium if you cannot. This way you’ll end up borrowing money from somewhere else and creating a financial crunch. Instead take a plan which meets your specific needs and requirements.

Sub-limit Clause

Healthcare costs are rising day-by-day so companies have now introduced sub-limits in mediclaim policies. Room rent, diagnostics and doctor’s fees are the most commonly introduced sub-limits. Sub-limits means that your insurer gives a limit for an expense and anything above that needs to be settled by you. So you should monitor the clause very well and then go for purchase of your medical plan.

Pre-Existing Disease

If it is your parents or other elderly member the family then such clause should be seen early and understood well. Check for multi-options in the renewal clause and seek clarity on pre-existing disease clause.

To choose the best health insurance in India you need to have cohesive approach towards policy. Online sites are a great place to start as they help you easily to compare the cost of insurance and also provide you variety of options to choose as per your requirements. If you can’t afford to devote your valuable time on research then you can entrust the job to a well known insurance agents. Good agents not only help you to choose the most profitable policy but also assist in filing the claim and getting reimbursement in case of any trouble.

Source from: https://medium.com/@kureshmane2015/have-you-chosen-the-best-health-insurance-in-india-b8868a1ea174