How do you choose health insurance?

How to Evaluate and Select one of the Best Health Insurance Plans

There are hundreds of insurance policies available to choose from. In fact, there are dozens of types of health insurance. Which one is suitable for you? Which of the top insurance companies should you go with? Confused? Well, not anymore. Here is what you should do before you learn how to apply for health insurance.

Learn what types of health insurance are available

The first step is to know what options you have to get medical coverage. It is logical to learn the types and what benefits they offer before you make a buying decision. The popular types of health insurance policies are:

• Individual policies
• Family policies
• Personal accident coverage
• Critical illnesses
• Senior citizen plans
• Maternity coverage plans
• Health insurance plus investment benefits, etc

Understand what these plans cover to help you decide how to choose health insurance. Once you know this, you can easily identify what you need.

What do you want in your health insurance policy?

Do you want to cover your health expenses or the entire family? Do you want a plan for your aging parents? Well, you will find multiple such plans made by the insurance providers in India. Consider these factors and find out what you need.

• Age of the members you want to insure
• Number of members you want to insure
• Are there any existing critical illnesses?
• Do you want to go cashless or just mediclaim?
• Do you want to cover pre- and post-hospitalisation expenses?

These common factors often create confusion among new policy seekers. Clarify your needs first, then start looking for a health insurance policy.

List the names and compare the plans

The next step is to list the names of the ideal health insurance companies in India. Once you are done with the list, find the policies that match your requirements. Compare those policies by checking the following points.

• The premium you have topay
• Claim settlement ratio
• Medical coverage and annual capping limit
• Hospitals in its network
• Waiting period
• Pre and post-hospitalisation benefits
• Tax benefits
• Investment benefits
• No-claim bonus
• Cashless treatment options, etc

These factors will help you decide which health insurance policy is ideal for you.

Talk to the representatives for query resolution

You will surely have multiple queries. Talk to the respective representatives of these service providers. Resolve the queries and make it clear about the health insurance policies you are interested in. Learn how to apply for health insurance online or in person from them.
Don’t forget to learn how to use the insurance during medical emergencies. Also check whether they provide reliable customer support when you need it

Learn how to apply for medical insurance

Find out what you need to apply for health insurance. You can either request an executive to visit your address or do it online. All you need is a set of documents ready for both cases.

This is how you can compare and choose one of the best health insurance policies for you or your family.

Also Read:

→ How do you get health insurance

→ How Initial Approval Works in Health Insurance

→ How Many Days to Claim Health Insurance

→ How Much Is Health Insurance