What are the things to compare before purchasing health insurance India?

by Alton Duke Health Insurance

To help you get through the complex documents and offers, this article brings to you 5 smart ways to compare health insurance India. Read it; absorb it and apply it before purchasing.

With the rocketing drift of health care expenses in India, there are very few ways you can cut short health related expenses – get a health insurance or maintain a healthy life style and pray that you stay fit and free of disease.

Insuring your health is the best way to empower common man with quality treatment at affordable prices. Now, let’s get to the idea. India is treasured with more than 25 insurance companies, selling above 50 products and all of them look so alike. So, it is the toughest shot to select the policy that will suit your purpose the best. We will unravel the smart tips in this article by which you can compare the schemes.

1. Don’t go by premiums

Remember, compare indemnity coverage but do not compare premiums. It is more than a Mumbai-Kolkata flight fare which you can compare and buy from the website which offers you the lowest. It is a complex long-term contract coupled with complex services. This requires better understanding and thorough insights into the policy wordings. You can seek help from professional advisor to understand the terms and policy.

Nutshell – Understand the terms and benefits. This is more important than the prices you are paying.

2. Go for basics and cut off the extras.

A scheme which charges almost double the main premium and offers unnecessary extras is a big no. Look for the basics like routine medical expenses, doctors’ consultation fee, medicine bills, dentists’ bills etc. Health insurance India is very vast and caters to economy class from luxury class. The ball is in your court.

Nutshell – First cover you and your family with larger unmanageable costs which burn hole in your pocket. Then, if you can manage, go for fancy extras.

3. Focus on maximum renewal age.

Every policy has specific tenure and after which you have to renew it. Maximum age renewal is the period when you will stop fetching benefits from your present plan if you do not renew it. This period varies from product to product; company to company. As medical science is progressing, human life expectancy in average is around 70 years. So, choose and buy plans in accordance.

Nutshell – An insurance plan should work the best when you most want it.

4. Check the credibility.

Carefully go through the history of the company. If the company is new, look at the past record of their businesses and promoters. If you are at a mess, get help from a professional advisor on health insurance India to judge the receptiveness, claim experience in general, increase or decrease in products and offers, changes. Too many changes are a signs of instability.

Nutshell – All the secrets resides in history.

5. Have a knowhow of premium jumps

Premiums increases with time; with age. A good many companies charges a jump in premiums after the policy holder crosses the age of 45. There are also instances where the premium almost gets doubled after the age of 45. Therefore, ensure premiums stay affordable after your retirement.

Author Bio: The author of this article has huge know how in best health insurance India. He, with his write-ups has been helping people to grasp smarter ways while choosing and buying policies.