Health insurance has become a necessity in the current times. Various diseases have ravaged families. Moreover, the high cost of getting treatments for even minor diseases leads to serious financial problems. Buying the best health insurance, therefore, becomes crucial. Health insurance helps an individual or his or her family to tide over tough times. However, finding a reliable health insurance policy is very difficult. The best health insurance plans in India can be found only if an individual possesses knowledge about various aspects. Understanding such crucial aspects can make the buying process of health insurance plans very easy and affordable. Some of these aspects are listed below which can help in finding the best health insurance plan in no time:
- Insurance coverage:
The first and the most essential aspect of any type of health insurance plan is to identify the coverage it offers to a particular individual or his or her family. An individual is required to pay a premium in return for the benefits that the insurance company delivers in case of any unprecedented Hospitalization expenses due to a disease. Selecting a health insurance plan according to the personal requirements of an individual or his or her family, therefore, becomes very essential. One must identify the health insurance cover the policy delivers. Moreover, various other extra benefits like reimbursement of expenses before and after discharge, ambulance charges, critical illness cover, and maternity treatment must be identified before selecting a particular policy.
One must even identify the list of diseases that the health insurance cover protects against. Certain policies do not cover critical illnesses like cancer and do not reimburse an individual in case of the requirement of any foreign treatments. All the necessary clauses and terms and conditions must be carefully read to get a complete overview of the health insurance coverage the policy makes available.
- Opting for a family plan with the flexibility to add more:
Health insurance companies offer comprehensive family cover plans where the payment of a single premium amount can offer financial coverage to all the family members. One must therefore identify the best family health insurance policy has made available by a dedicated company. Moreover, certain companies deliver the flexibility to add more members to a family health insurance plan. An individual must therefore make sure the policy he or she selects can offer financial coverage to all the family members with the additional advantage of adding more members without causing any kind of loss to added benefits.
- The limit of financial coverage concerned with room rent:
Hospitals provide private as well as shared rooms that differ based upon the overall services and privacy. Health insurance policies reimburse an individual the expenses as incurred for room rent. One must therefore identify the extent or limit to which the policy provides coverage for room rent. An individual can save himself from paying an extra amount of money concerning room rent.
- Looking for hidden clauses:
Health insurance policies are complete with various hidden clauses that an individual may not be aware of. These clauses can lead to future repercussions thereby destroying the whole idea of opting for a health insurance plan. For example, certain health insurance policies have a clause co-payment where a certain percentage of the total sum assured or claim amount is paid by the insured himself. The clause of the waiting period must also be given due attention. Certain policies offer coverage against pre-existing diseases after completion of a particular period like1 or 2 years that serves as a disadvantage.
One must therefore read all the terms and conditions carefully to select the best health insurance plan. Opting for a plan with no co-payment clause can help an individual immensely.
- Opting for a plan with lifetime renewability:
An individual must also look for a policy that offers lifetime renewability. A plan devoid of lifetime renewability can cause serious problems to an individual in the future. After completion of a particular age limit, the insured will be required to buy a new insurance plan that may prove costly. Lifetime renewal ability allows an individual or his or her family to enjoy all the benefits of the policy offers without any hassle.
A health insurance plan in India can be easily bought if an individual takes care of all the above-mentioned aspects. Moreover, selecting a reliable health insurance company is very essential. Care insurance is one such company that is known for its effective health insurance plans. The company offers policies with better insurance coverage, a hassle-free settlement process, and cashless medical expenses reimbursement services. Best-in-class health insurance policies are offered with discounts on the premium amount and various other added benefits. Separate healthcare insurance plans are made available for adverse illnesses, care advantage, and overall family health coverage.