Choosing the best health cover is an important decision since it provides you feeling of security by offering immediate medical attention in the event of an emergency. However, there are several people who find the policy as per their agents' advice and bother about their personal requirements. To them, it is advised to make note of these 8 tips while selecting a health cover:
Tip 1: You must always buy a health insurance policy no matter if you aren't your organization gives you a company health cover. There are times when you quit the task or your company decides to withdraw the benefits or offers a cover that is not fit to suit your needs, in these cases your personal health cover may benefit you. This gets to be more important if anyone in your household is suffering from a chronic disease.
Tip 2: Always choose the proper quantity of sum insured. If you might be moving into a smaller city, your wellbeing cover should be around 3-5 lakhs whereas if you live in a metropolitan city, your health care insurance cover ought to be no below 5-10 lakhs. Don't obtain a new plan; instead port it to acquire maximum benefits from it. When you port the plan, the huge benefits that have been already accumulated in your old plan get transferred inside the new policy. Also, keep upgrading your health cover every once in awhile to keep up your medical inflation.
Tip 3: Buy a medical health insurance cover as fast as possible, especially before you reach in your 40's. This is because, you are unlikely to generate claims at the beginning of life and may later reap the rewards of no claim bonus and equal to the first coverage every claim-free year.
Tip 4: Always obtain a cover that offers lifetime renewability. This way you'll have a health cover with the older age - the time when you have an important health condition and that protection is possible provided that your policy offers lifetime renewability.
Tip 5: Buy a policy giving you restore limit in the event you fully takes place sum assured. This will become a backup cover in the unforeseen critical illness which might be very costly to manage. For example, Rs 3 lakh plan with Rs 3 lakh restore limit almost will give you Rs 6 lakh cover for critical illness at no extra cost.
Tip 6: Always buy a health cover via a reputed agent who are able to help you with claims too in the future. For this, you can seek help of websites to select a strategy or examine features but only purchase the health cover via an agent or company containing a chance to assist you with the claim or offer easy claim settlement procedures.
Tip 7: Always provide the proper and true information with your application form. If you suffer from any disease or illness, remember to mention it in your application. You can seek the aid of an agent who can direct you towards getting the proper plan which will cover the illness despite a waiting period. Presently in most policies all preexisting diseases get covered after 3-5 years.
Tip 8: Buy the policy without any or minimal sub-limits. Keep an eye out for plans with comes with a cap on hospital room rates. This way keep your money and provide you with a feeling of relief too.