Points to remember while buying a medical insurance plan

Medical emergencies often catch people off guard. When you face a crisis involving a grave illness, the last thing that you want to worry about is treatment expenses. The ever-rising costs of medical procedures and treatments have made medical insurance a basic necessity for everyone.

There are several options available to you to decide what kind of medical insurance coverage you seek. Depending on your requirements, you can choose between the various individual, group, senior citizen, and critical illness medical insurance plans. With the variety of insurance plans and the number of insurers providing these policies, you need to know a few points to consider when buying a mediclaim plan to make an informed choice.

Sum insured: You need to get enough coverage to carry you through the medical expenses of a year. Try striking a balance between the sum insured and the premium you have to pay to make a wise decision.
Claim process: A quick and easy claim settlement process keeps you stress-free during your times of need. It is even better if the insurer has a prompt customer support team.
Insurance requirements of family members: Your family members' age and medical condition will be a significant deciding factor when you buy health insurance.
Pre/post-hospitalisation expenses: Visits to the doctor, medical tests, prescribed medication, etc. Such costs can be significant in most cases, and it is advisable to look for a plan that covers them.
Cashless network hospitals: All leading insurers have cashless tie-ups with network hospitals across the country. Look for an insurer with cashless tie-ups from reputed hospitals so that you do not need to empty your pockets in tough times.

Take care of the points mentioned above, it will help you make an informed decision while buying medical insurance.

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