Health Insurance

Where to Buy Health Insurance

Falling sick can make situations tough, but what’s worse is the medical bills that follow suit. The rise in medical expenses has made it very difficult for people to cope with the cost, and medical emergencies can become an added burden. The best way to combat this situation is to invest in a good health insurance plan that keeps you completely covered. Health insurance plans have become even more important after the pandemic when the medical uncertainties are hitting us in a new form every time. So, it all boils down to choosing the best health insurance plan that will take care of your medical expenses and give you peace of mind. 

Types of Health Insurance Plans

Before investing in a health insurance plan, it is important to know about the different plans. Most of the health insurance policies give pre and post-hospitalization coverage along with other medical expenses. Cashless is yet another important feature of health insurance plans, which makes it so useful. The following section highlights some of the popular types of health insurance plans that you can consider:

  • Individual health insurance place- This plan offers coverage to an individual. It covers medical expenses, room rent, and injury. 
  • Family floater health insurance plan- This health insurance plan provides complete medical expense coverage for the entire family. The best part is that with a single premium, you can get coverage for the entire family. The sum insured is available to all the people of the family. 
  • Group health insurance plan- Most of the corporates avail this plan. This is a unique plan that provides coverage to the employees, and the premium is also less than the benefits. 
  • Critical illness health insurance plan- Critical illness is something that you must not ignore. It includes diseases like cancer, organ transplant, kidney failure and more. And the cost of treatment of critical illness can shoot high, but with critical illness coverage, you can easily cover the cost of treatment. 

Choosing the Right Insurance Plan

The next important step is to choose the right insurance plan. There are so many insurance providers promoting different health insurance plans that choosing one can be difficult sometimes. Listed below are a few of the steps that will make your decision making easier:

Assess your requirement- Before investing in a health insurance plan, it is important to parse your requirement. For example, if you are not married, and don’t have other responsibilities, then an individual health insurance plan is a good option, but for a married person, a family floater health insurance plan will be a good choice. Also, by assessing your requirement, it will be easier to choose the best health insurance plan. 

Flexibility of health insurance plan– When you are choosing a health insurance plan, it is important to check whether there is a provision to add the rider’s benefits or not. The best health insurance plan is going to give you this provision. 

Check the premium- The premium of the health insurance plan depends on the coverage you opt for. Hence, it is always good to check the options available, compare them, and then pen down the best one that matches your requirements. 

Consider investing in Corona Kavach, and Corona Rakshak policies– These health insurance plans were introduced at the pandemic to cope with the rising medical cost of treatment of coronavirus infection. The best feature of both policies is the minimum waiting period.  

Corona Kavach Policy at a Glance

Age18 years to 65 years
Type of coverageFamily and individual
Sum insuredRs. 50,000 to Rs. 5,00,000
Discount5% for the health workers and doctors

Corona Rakshak Policy at a Glance

Age18 years to 65 years
Type of coverageIndividual
Sum insuredRs. 50,000 to Rs. 2,50,000
Discount5% for the health workers and doctors

Where to Buy a Health Insurance Plan 

You can purchase the best suitable insurance plan online either through the insurer’s website or through an aggregator such as Policy Player. Here, you get to compare various insurance schemes and choose the one that meets your requirements the best.

You can also purchase insurance offline by visiting the branch or connecting with an insurance agent. However, options in such cases would be limited and you may lose on some of the benefits that you might get online.