Health insurance is medical coverage that is highly beneficial in times of health complications. Due to the high cost of hospitalization expenses, it is highly recommended to have health insurance covering a wide range of treatments and offer some relaxation on its payments. Therefore, the Bajaj Finserv Health EMI network card details one of the most critical complications and fractions it into a single payment solution that can be paid back with its EMI options. 

However, before buying health insurance, you should consider some essential things, as they will determine the benefits that you will avail in times of need. 

Covering for pre-existing diagnosis

Many insurance firms tend not to cover pre-existing diseases from the start and have a waiting period for them. The period ranges from 2-4 years; any policyholder’s claims for the pre-existing condition will not be considered during this period. This policy is standard among all insurance firms; therefore, it is recommended to have detailed research into the insurance firms with a minimal waiting period.

Going cashless hospitalization network that covers the top hospitals

Going cashless means that the medical treatment will be done without paying the bills by yourself, as they will be directly settled between the hospital and the insurance company. Though all insurers offer the cashless service, not all hospitals are a part of this cashless service. Therefore, look for the best hospitals and not merely the number of hospitals that welcome this service. 

Look for the benefits that enhance your sum assured

Due to the ever-rising cost of medical treatment, it is wise to look for plans that provide relaxation by enhancing the coverage over time. This is done in two ways –

  • No claim bonus to enhance sum assured – Popularly known as NCB; No claim bonus awards the policyholders for having a claim-free year with an increase in the amount of sum assured. Usually, the granted percentage ranges from 5 to 50% at the same premium level, but it usually differs from firm to firm. 
  • Restoration for additional coverage – If you were to consume your entire sum assured during your hospitalization/treatment and still need more, the insurer would add more coverage without taking any additional premium. However, this varies from firm to firm and involves many other rules and procedures that affect the sum. This problem and other complete health solutions are not a concern in the bajaj finserv health EMI network card.

Know the exact coverage offered

The most critical factor in health insurance is the sum assured. Essentially there are four core components to policy coverage. 

  • In-patient hospitalization coverage – This is applicable when the policyholder stays at the hospital for medication or treatment for more than 24 hours. If this criterion is fulfilled, then the insurance company will provide high coverage, up to 100%, but not all of them offer this feature. Look for a plan that gives the maximum in-patient hospitalization coverage.
  • Coverage for daycare treatment – These are the treatments that take less than 24 hours for completion in the hospital. E.g., cataracts, tonsils, chemo, etc. Here, it would be best to look for those plans that offer a maximum number of daycare treatments. 
  • Room rent allowance – These are the rent on the hospital rooms as per the chosen plan. Some plans don’t have any capping on room rent; some allow a percentage from the sum assured. So it is wise to know the exact offer that the insurance is providing. It would be best if you looked for the maximum allowance reserved from the sum assured. 
  • Pre and post hospitalization expenses – These involve the time from the patient’s prep time admission till the end of the observational period. Usually, these include days or weeks, depending on the treatment. Look for a plan that provides the most coverage on the pre and post hospitalization expenses.   

  If these things are looked out for and taken care of, you will find a robust health plan with Bajaj Finserv Health EMI network card details, that will take care of everything from start to end for your health insurance cover.