How To Get The Best Health Insurance Coverage?


Looking at the ever-increasing health issues of the present generation, people are finally realizing the importance of having a health insurance policy. However, there are still who don’t understand how to go about it. People get confused as to what type of coverage suits them best and the extent of coverage they would require from the insurance company. It is important that you figure out your needs and buy the right policy.

In this article, we will guide you into selecting the accurate coverage required for every individual.

What does a basic health insurance plan include?

When you select a certain insurance company, they offer you a list of inclusions for protection against certain probable financial expenses, which is also known as coverage. Every insurance policy is different from the other and so the limit of coverage also varies. All the required information such as the terms and conditions, inclusions and exclusions of your policy, along with the coverage provided by your insurance company is mentioned in your policy document, which must be read thoroughly before signing up. This way, you can get health insurance with the best coverage.

What should be included in your health plan?

Your policy must be a health insurance with maternity benefits, cover critical illnesses, Ayurvedic treatment, and offer regular health check-ups as well as in-patient hospitalization for 360-degree protection.

Points to be considered while buying a health insurance plan

When one purchases a health insurance policy, the first thing they consider is the premium to be paid. However, you must look at that aspect later. Before that, take a look at what all is included in your coverage, what will be the waiting period in case of pre-existing diseases, etc. If you are suffering from any pre-existing conditions, the coverage won’t be provided until the waiting period is over. Enquire about the different waiting periods so that you can plan accordingly.

Advantages of Health Insurance

A health insurance policy plays a crucial role in your financial planning and helps you maintain a healthy and happy life. You feel safe and secure if you’re insured, which also keeps you away from stress and provides peace of mind. Healthcare plans come with many such benefits which will cover almost all your medical requirements.

  1. Critical illness cover

The basic health plan does not cover major illnesses that entail hefty treatment costs. But if you purchase a critical illness insurance policy, all life-threatening diseases will also be covered.

  1. Cashless hospitalization

Many health insurance companies provide you with the facility of cashless hospitalization, wherein you need not pay any bills if you’re admitted at one of your insurance company’s network hospitals. These bills are directly settled by your insurer. Additionally, also check if your policy covers pre- and post-hospitalization expenses.

  1. Pre-existing diseases

In case you’re already diagnosed with a certain disease before purchasing the health insurance policy, it is termed as a pre-existing disease. Make sure these also receive coverage, possibly after the waiting period.

Health insurance companies have customized different types of health plans to suit the needs of every Indian citizen. For example, individual health plans, family floater plans, senior citizen plans, etc. Understand your personal needs before selecting one.

Additionally, if you already know that you will contract a particular life-threatening disease because it is in your genes or your family history, it is advised that you also purchase a critical illness cover. You can also purchase this as a standalone plan. Either way, better insured than not!