Important things to consider while buying health insurance

Good health has become a luxury these days, if a person is healthy and fit, there’s no wealth to compare. Also, the inflation of the healthcare sector has become a major pain point.

So what can be done in this scenario? Buying health insurance can save the hassle of spending a lot of your savings on treatment or hospitalization. Health insurance is not just medical and financial protection for you and your family. It also saves you from the exertion of worrying about future health complications, once bought live your life peacefully. We have curated this health insurance buying guide in India with all the important health insurance tips.

Know Before You Invest: Health Insurance Buying Guide India

Buying a health insurance policy is one of the crucial decisions of life, it not only saves you from critical health hazards, but it also helps you plan your finances and savings differently. Here’s your guide to buying health insurance in India:

1. Eligibility criteria

   It means the age limit (the sooner you buy the policy, the better it will be), residential and zonal address, occupation, and other criteria must be fulfilled to buy the best health insurance policy in India.

2. Inclusions and exclusions

   Before buying the policy, you must check what it covers and what it does not cover. The list of inclusions and exclusions is given in your policy documents/wordings which you must check before investing in any health plan. Any sort of unawareness regarding inclusions and exclusions of your health policy might lead to claim rejections and out-of-pocket expenses while receiving treatment.

3. Credibility of the insurer

   One of the biggest health insurance tips is to check your insurer’s potential to take risks on your behalf. It will make sure your claims get settled as soon as you encounter a medical emergency. Check the claim settlement record of your insurer to make an educated policy buying decision. Other than this, choosing the right health insurance company will enhance the chances of getting a well-suited health plan and quick claim support.

4. Sum insured limit and affordability

   Many health insurance providers offer high-sum insured health plans at affordable and pocket-friendly premiums. However, the higher the sum insured, the higher the chances of getting more coverage options with your health policy. So, choose your health insurance policy wisely.

5. Hidden clauses

   Hidden clauses mean your policy claims will get rejected unknowingly. Most of the policies come with pre-set clauses related to copayment, deductibles, and sub-limits on coverage. Checking it in your health policy terms and conditions beforehand would help you get the claims settled successfully.

6. Network hospitals and claim accessibility

   Just like the credibility of your insurer, it’s also very important that you select one with wide networking hospitals so that you don’t have to run to and fro to receive an insurer’s paid treatment. A good network of hospitals under your insurer will help you receive cashless treatment.

7. Waiting periods

   The longer the waiting period , the lesser the chances of you getting a treatment paid by your insurer. We all know, an emergency can ruin our lives in seconds, so why wait for longer to receive a medical claim? Choose a health policy which has an initial waiting period of not more than 30 days, if not less.

8. Specification and coverage benefits

   Before investing in a health insurance policy, make sure that you have gone through the detailed list of inclusions and coverage specifications. Buying a health insurance policy with high-end coverage benefits will maximize the chances of you being protected by an additional layer.

   P.S.: Good health insurance will cover your medical expenses related to hospitalization (pre and post), daycare procedures, AYUSH treatment, room rent, doctor visits, health check-ups, ICU charges, maternity benefits, pre-existing or specific diseases, etc.

How do I buy health insurance from PolicyX.com?

• Step 1

  Visit the official website of PolicyX

• Step 2

  Click on ‘Buy Now’

• Step 2

  In this step, click on ‘View Plans’

• Step 2

  After selecting a health plan that suits you, fill out all the necessary details like contact number, number of family members, etc

• Step 2

  Pay the necessary premiums and you’ll receive policy purchase confirmation from PolicyX.

Final words!

You move from one shop to the other while shopping for a desirable dress. Then why lag when securing yourself and your family from future healthcare worries?

It has become a necessity to buy a suitable health insurance policy, as it will not only provide your dear ones with healthcare coverage in times of need, but it’ll also keep you calm when a surprise medical emergency hits.

But before buying health insurance, it’s mandatory to know your what, how, why, when, where, etc! For that, visit our website and get a quote for your health insurance queries. Or call us at 1800-4200-269 for more health insurance tips and get your health insurance buying guide in India for free.

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