What Should You Consider Before Buying A Health Insurance Plan?

Many people have few misconceptions about the health insurance plan. The truth is that insurance can be customized to suit various needs of the policyholder. Discuss with your Relationship Manager to understand more.

Let’s throw light on some of the facts around health insurance.

# Waiting Period

Most health insurance plans have a waiting period for pre-existing diseases and even diseases which are discovered after signing up the health insurance. These periods can range from 2-5 years and differ from service providers.

# Claim Process

A health insurance must offer an easy claim process. Make sure your prospective Health Insurance Plan offer quick service at times when you need it the most.

You may also click here to know more about Health Insurance Claim- How to claim Medical Insurance?

# Family Cover

Consider the age and health situations of all family members. This will help you better plan medical expenses beforehand and benefit from the plan.

# Cash Allowance

Some insurers take care of additional cash expenses such as lodging and travel not covered in the health plan. You can check with your service provider if this is a fixed amount or can change in much-needed situations such as ICU hospitalization.

# Free Check-Up

You may even take advantage of free periodic health check-ups to their policyholders after a certain number of claims. Cashless health check-ups are also available at empaneled hospitals or health centers.

# Domiciliary Treatment

Health check-up at home can be taken under medical supervision. Insurers cap the amount and number of days for which the benefit is provided for. Also read over here: 8 Factors To Consider Before You Buy a Health Insurance Policy!