Good health is one of the most pressing concerns for everyone. People are becoming more and more health-conscious these days. However, no matter how careful you are a disease or an emergency can strike out of nowhere. A good health insurance plan takes care of the monetary needs in times of any medical crisis and health needs. It protects yours and your family’s health and secures your future.
The Indian insurance market is flooded with health insurance plans that can be customised according to the needs of the customer. The availability of so many options can sometimes make choosing the perfect medical insurance extremely tough. Thankfully, the existence of comparing platforms, premium calculators, and comprehensive blogs make it easier for people to understand what suits their needs the best.
Some insurance plans offer great coverage, and some have amazing renewal systems. The perks of any health insurance policy might make them very attractive, but it is highly important for people that their health care plan has some basic essentials.
Here are some things which are very important to people when choosing the right health insurance.
1. A very simple claims process
Dealing with and having to pay for medical issues is a very big hassle. People want that at least the rest of the processes around it should make their life a little easier. So, it’s very important for people that their health insurance plan has a very uncomplicated and seamless claims process. The speed at which the insurance company is known to settle their claims is a major factor that might make people lean towards the said company.
2. Pre and Post hospitalisation expenses
A health insurance plan that covers the pre and post hospitalisation expenses is very crucial for people. Any medical situation does not just end with the hospitalisation process. Whether it is the charge of the ambulance and diagnosis before getting hospitalised or the therapy and medicines after it, they all cost a lot of money. People always look for full coverage of all these expenses in a good medical insurance plan.
3. Lifetime Renewal option
Buying a health insurance plan at a younger age to be safe is a good practice. However, the chances are that you will be using your insurance more in later stages of life. Old age makes people a lot more susceptible to diseases and illnesses, and a health insurance plan becomes a necessity under such circumstances. People prefer health insurance that offers lifetime renewability which makes sure that the policy can be renewed without any age bar.
4. No Claims Bonus
Most people buy health insurance as a safety net in case of emergencies. People can go years without actually having to use any money from their plans. In such cases, people always consider it a better option to have a plan that offers bonuses on consecutive claim-free years. A lot of good medical plans provide bonuses on the sum insured for people who do not make any claims.
5. Cashless Hospitalisation
The claims process is different for different insurance companies. However, under typical situations, all medical bills and expenses get reimbursed by the company after the claim. In the case of a person being hospitalised, the costs could sum up to be exorbitant. So, it is critical for people that the insurance company has a vast network of hospitals where they provide a cashless hospitalisation procedure.
Extra benefits
For people buying a health insurance plan means not having to worry about anything around their health. So, people always look for health insurance plans that offer cover, protection, and aid for all situations in life. A good health insurance plan for people should provide facilities like maternity cover and free medical health checkups. Another perk is the tax benefit that can be claimed against the premium payment for health insurance under section 80D of the Indian Income Tax Act.
How can you also get health insurance for yourself and your family?
Buying a health insurance plan is fairly simple. The internet is filled with options that you can easily compare and select a plan according to your requirements. Insurance companies provide you with an option to apply for a health insurance plan online to keep your life hassle-free.
References
https://www.hdfcergo.com/blogs/health-insurance/10-things-to-consider-before-buying-health-insurance
