Life is full of uncertainties, and one cannot predict when a medical emergency may occur. In that case, it would be best to prepare and get a health insurance policy to cover the medical expenses.
A quality health insurance program can shield your funds from financial harm and give you the necessary cushion to pay for medical visits, tests, medications, and other procedures.
Therefore, investing in a health insurance plan is crucial in the event of various health difficulties. But first, you need to know some points about getting the best health insurance policy. Keep reading the article to know!
7 Things To Consider While Getting The Best Health Insurance Policy in India
The best health insurance policy will pay for any medical costs you may have due to accidents, illness, or injuries. When you buy medical insurance online or offline, keep in mind the following things:
Age Criteria
Regarding health insurance, age is one of the most crucial factors. Specific plans have a minimum entry age limit of 3 months to 60 years, and some have limits of 25 to 50 years. However, there are particular plans with no restrictions but certainly high premiums.
Waiting Period
The waiting period usually ranges from 24 to 48 months, depending on your insurer and the plan you have selected. The insurer generally does not accept claims for pre-existing illness during the period, so compare the policies and choose accordingly to claim the benefits.
Claim Process
Examine the terms of the policy and follow the steps required by the insurance provider when filing a claim for medical coverage. A simple and quick claim process is always the best when it comes to resolving health claims. In addition, you can research well and look for customer reviews while deciding on a health insurance company for getting quick claim settlement services.
Cashless Hospitals
In most of the cases, the health insurance companies collaborate with network hospitals to assist the insured individuals with cashless care in a medical emergency. As a result, you are not required to complete the tiresome documentation necessary for admission and claim. Also, to smoothen a patient's experience, the insurance company pays the insured amount to the hospital directly.
Post Hospitalisation Coverage
Most health insurance policies pay for the medical costs linked to hospitalisation. Purchase a plan that includes coverage for expenses incurred before and after the hospital stay to reduce costs associated with ambulance fees, medical tests, medications, doctor visits, etc.
Maternity Expenses
Many people ignore looking at maternity benefits while getting a health insurance policy. However, it is best to choose a health plan that includes maternity costs as well due to the sky-high costs of delivery and maternity care.
No Claim Bonus
No Claim Bonus (NCB) is the discount provided by the insurance company for the years you have not filed the claim. It means the amount is increased with policy renewals each year. For example, if the health insurance plan is of Rs. 10 Lakh, the insurer offers a 10% NCB yearly up to a specific limit.
Get The Best Health Insurance Plan!
Medical costs are rising faster than ever! Lack of proper and sufficient medical insurance for oneself and one's family during such times can have a significant cost impact.
If you want to know how to make the most of your medical insurance, buy medical insurance online or offline from Niva Bupa. It offers the best health insurance policy in India with comprehensive plans to help secure your and your family's health. Also, its benefits, including 30-minute cashless claim processing, hospitalisation cover against COVID-19, Pan-India cashless network of 8600+ hospitals and much more, make it the best choice.
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