Know Missed points while buying health insurance

Medical care expenses are very high and it is becoming almost out of reach. To avoid such situation make sure you are covered under the medical insurance which provides you a financial aid when you face any medical emergency. Don’t buy insurance policy just for tax saving purpose instead look for health benefits in the policy that are necessary for you. There are different health insurance products available in the market and this is why we get confuse to choose the best health insurance products in the market. All you need to do is be aware about the common mistakes people do while buying new policy. Read below to know the missed points while buying Health Insurance:

 

1.) Review your existing policy to Port

 

If you have an existing health plan and you are still young and healthy, it is better that you port your policy in to a different company around 2 months before renewing it. Unfortunately, if you are done with claims settlement with the existing policy you lower the chances of portability. In this case search for the cover with the same insurance company. This will help you to carry on the No claim bonus to new policy and also saves the extra charges of new insurance policy. If you want to port your existing policy make sure you check all the details of Oriental Insurance mediclaim policy which provides better benefits and coverage at affordable rates.

 

2.) Assess Your Requirement

 

Keep a check on your own requirement. In case if you have any medical issues make sure it is covered under the policy you are going to buy. Also take care of the sum insured. Health insurance policy should fulfill your requirements as it provides financial aid in case you meet any medical emergency. It covers all the expenses related to the medical treatment.

 

3.) Ensure you appoint a good advisor

 

This is one of the common mistake we do while buying health insurance. Take help from the trusted agent or broker he will help you to opt the right insurance policy. Make sure you mention all the need related to the insurance policy with your broker or agent because he will help you to find the best policy in the market. Broker and agents helps a lot in case any dispute arises at the time of claim settlement. He will help you to get your coverage from your insurer.

 

4.) Compare the policies

This is one of the best steps you should practice while buying health insurance policy. Compare features that are covered under the policy and the price like Ambulance, Daily Hospital Cash and Domiciliary treatment. It should be covered at affordable premium rates. Generally lots of benefits and coverage burden the pocket of policyholder at the time of paying premiums. While buying insurance policy neglect the price if the coverage fulfills your requirement.

Secondly focus on the network of hospital of the insurer. It should include the hospital where you want to get your treatment done. Network hospitals are hospital that is registered with the insurance company which provides the facility of cashless hospitalization and many more to its policyholders. In case your hospital is not registered with the insurer make sure it reimburses the expenses incurred due to medical treatment.

Oriental insurance Mediclaim also provide ambulance charges up to Rs 2,000. So check whether the policy covers ambulance charges. In case you have to pay it from your own pocket, it should reimburse the amount after claim settlement.

Star health insurance premium calculator helps you to find out the amount of premium. It is one of the best features that you must compare. Premium amount should be low it should not be very high and burden the pocket of policyholder. You can find star health insurance premium calculator on its website where you can calculate the amount of premium of different policy.

5.) Search Add on

Add on are the best way to save money and get multiple benefits and coverage under one insurance policy. Instead of buying policy with lots of coverage and benefits and paying high premium amount include add on which provide extra coverage at affordable rates.