Ultimate Guide to Health Insurance

Medical expenses are becoming expensive due to rising inflation. Getting treatment in a good place for the common man is like a dream. If someone gets a disease, then his savings are spent in his treatment, but in this case health insurance policy can help you. The insurance company pays for the medical expenses of the insured under the policy. You can get benefits by getting health insurance. But various companies present in the market can cheat unknown customers. Therefore, it is very important to know about health insurance. Through this article, we are going to give you the most important information about health insurance, which will help you to buy a proper insurance policy and take the right benefits from it.

Which Health Insurance plan?

There are many types of plans available in the market according to the needs of the people. You can choose the plan according to your convenience.

  • If you are alone If you are not married, you can buy a personal health insurance plan. It will provide you with cover at the time of illness.
  • If you are married and have a child, you can take a family health insurance plan. It provides cover to your entire family.
  • If you want to buy a policy for your parents who are above 60, then it is better to buy a Senior Citizen Health Insurance Policy.
  • If you or someone in your family has a serious illness such as kidney, heart, stroke etc., you can take surgery or critical illness insurance for it.
  • If you want to get a plan for a pregnant woman who provides her pre-natal, post-natal and at the time of delivery then you can take a maternity health insurance plan.

Things to keep in mind when purchasing a health insurance policy

When you have selected a plan to buy a health insurance policy, then you should keep the following points in mind when purchasing the policy.

insured amount – During the course of treatment, the insured person can be given the same amount in a year by the insurance companies as mentioned in the policy. A person has to pay money from his own pocket when it costs more than this.

Policy Limits There are usually some limitations to the benefits of a health insurance policy. Therefore, the limits of ambulance charges, room rent and other expenses should be examined. When the price of these things exceeds the set limit, the company pays as much as it is fixed.

waiting period There is some waiting period for pre-existing diseases. It is only after this period that cover is provided for pre-existing diseases. The shorter the waiting period, the more benefit you will get.

Age – When taking a family health insurance plan, it should be specially kept in mind that at least children of the age and maximum age of the parents can get the benefit of the scheme.

The network of hospitals When selecting a health insurance policy it is always good to know about the network of hospitals. Because cashless treatment is available in networked hospitals.

Policy Exceptions There are certain conditions and diseases in the policy for which cover is not given. Therefore, before taking a policy we should know about those medical conditions.

Additional benefits – Get information about whether the policy provides the convenience of the risers for additional benefits and whether its coverage and benefits can be revised later.

Renewal – Policies that provide lifetime or maximum renewal facilities are preferable. With which you can get benefits till you get older.

Premium If the premium amount of the policy is low then it is good because you have to fill this amount on monthly or yearly basis. Choose a plan that offers more benefits at a lower premium.

Claim Settlement Ratio – The number of claims settled by a company in a year is known through the claim settlement ratio. The company with a higher claim settlement ratio is less likely to reject a claim without a valid reason.

Fill in the correct information, do not hide anything – While purchasing the policy, the correct information should be filled in the form, no information should be hidden. If you hide any information such as pre-existing disease, smoking or drinking habits and later the company comes to know about it, in this case the company can also reject your claim.

If the plan does not deliver on its promises

You can also change your policy if the insurance policy you have purchased is not fulfilling the promises made or is having difficulty in providing the facility. This feature is called policy portability.

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