The COVID-19 pandemic served as a reminder to all people to prioritise and take seriously their health and general well-being. As a result, people now practice a variety of fitness regimens, including diets and physical activities like walking, cardio, weightlifting, yoga and more, to maintain health. But are these sufficient?
Having health insurance helps during medical emergencies and has become essential after COVID cases have risen again. However, given the many options, some people may need guidance in selecting appropriate insurance. So, here are some tips to help you select the most suitable health insurance in India:
- Select the appropriate coverage
Different companies offer various health insurance in India. The term “coverage” refers to the medical charges the policy will pay for, such as maternity, ambulance, childcare, and so forth. The health needs of individuals and their families should be considered while selecting a health plan.
For example, a person will pay an excessively high premium if they choose a health plan offering far more coverage than required.
- Before purchasing, compare the plan’s cost.
To ensure and buy a plan that suits their needs, people should examine different health insurance options in India. Even better, one can acquire a quote online by providing their information on the website and receiving a cost estimate for their coverage. Then, to come to a decision, compile the best quotes and evaluate them.
- Examine the insurance provider
Researching the insurance company is important to ensure that the settlement money may be obtained without issue. Choose a health insurance provider in India with a high claim settlement ratio (CSR) when making your purchase. The CSR is calculated as the ratio of all settled claims to all claims received. As a result, a higher CSR denotes a higher likelihood that the claim will be resolved.
- Select a PED waiting period reduction plan.
After the pre-existing disease (PED) waiting period has passed, the insured may submit a claim for pre-existing conditions. As a result, one must choose a health plan with a shorter PED waiting period.
- Hospital network coverage
Examine the list of hospitals and physicians that are a member of their hospital network after you have trimmed down the list of health plans. Always choose an insurance provider with a worldwide hospital network.
- Including modern therapies in coverage
These modern medical procedures are more precise than conventional therapies and may produce better results. Choose health insurance in India that covers such modern methods. Cutting-edge medical techniques include CyberKnife, stem cell therapy and robotic surgery.
- The co-payment clause
According to the co-pay clause, the policyholder must pay a predetermined portion of the hospital charge. Such policies are less expensive but offer less compensation because you are responsible for a significant percentage of the hospital costs. Make sure to read this clause to make a sound decision.
