Health insurance is an agreement providing medical coverage to an insured person for fixed premium.
Health insurance policy protects you from high hospitalization costs.
1 ) The best health insurance policy :- You are in position to determine what kind of health insurance you need.
2 ) Value for money :- Comparison of insurance help you find right policy that meets your requirements within your budget. 3 ) Peace of mind :- You can be sure that final decision you make is based on concrete analysis.
1 ) Sub-Limits on Room Rent :- Some companies have sub-limits on room rentals. 2 ) Pre-Existing Diseases :- Select policy with minimum waiting period.
3 ) Co-Payment :- To protect your savings, choose policy without co-payments. 4 ) Network Hospital :- They have tie-ups with health insurance companies where insured individuals receive treatment without paying.
5 ) Coverage Offered :- Pay close attention to benefits offered, such as hospitalization costs, daycare expenses, and more. 6 ) Adequate Sum Insured :- Choose plan that offers highest coverage.
7 ) Type of Policy :- There are different kinds of medical insurance plans. Each policy serves specific purpose. 8 ) Waiting period :- Waiting period is time during which you can’t file claim. Choose the one with shortest waiting period.
9 ) Lifelong Renewability :- To be covered for rest of your life, select one that provides lifelong renewal options. 10 ) Claim-Settlement Ratio :- You can be more confident that you will be able to meet your claim if the ratio is high.
11 ) Exclusions :- Make sure exclusions are clearly defined and there are fewest exclusions. 12 ) Add-ons :- Keeping comprehensive plan to bare minimum will lower premium. Not every insurer offers same add-ons. It is possible that add-ons have different names but serve same purpose.
13 ) Online reviews :- Check online reviews of health insurance companies for comparison. 14 ) Digital setup :- Choose health insurance company with digital setup.
15 ) Coverage for new-age treatments :- Make sure your health insurance policy covers modern procedures.