In times like today, where medical emergencies can occur anytime due to tainted lifestyle, carelessness towards what we eat, what air we breathe, becoming ready for adverse situations is a must. But the question arises. How? – How can one be ready for any adverse conditions? How can one make sure not to get trembled during emergency medical conditions?
The answers to these questions are simple – You can opt to buy the best health insurance. But, is it that simple? We doubt it! From deciding where to buy and what to look for in a health insurance plan, everything needs a rectified and balanced approach. Let’s dive deep to understand.
Where To Buy The Best Health Insurance?
According to the Insurance regulatory and development authority of India (IRDAI), it is advised to buy the best health insurance only from insurance providers registered with IRDAI. Under its guidelines, one can also buy from licensed agents or brokers. However, the availability of plenty of them makes the decision daunting and cumbersome.
But, by considering some critical factors, you can make sure you’re making the right decision about purchasing health insurance. Additionally, the option of buying the best health insurance online further eases the process and facilitates detailed research and study about pros and cons.
Here are some of the critical factors you need to consider before purchasing the best health insurance online-
- Map Your Needs
Before starting and finalizing your search for the best health insurance, always remember to map your needs and expectations with the insurance plan’s specifications. If you are considering a family health insurance plan, carefully comprehend the insurance plan’s amenities for the family plan, how they are accommodating monthly installments and the complete insurance amount.
Also, comprehend how and to what extent the insurance plan covers critical illness and emergency medical conditions.
- Cashless Claim Benefit
This is one of the important factors. Think of a condition when you are in medical emergency conditions and apart from being with your loved one, you are busy managing insurance cash reimbursements! It’s nasty.
So, always go for or shortlist the health insurance plan having cashless claim benefits so that you can avail it at the right time through the right process.
- Pocket Friendliness
The best health insurance plan is the one friendly to your pocket with optimum benefits. Therefore, considering your budget is one of the wisest steps during the purchase decision of buying a health insurance plan. To make sure you are buying the most friendly package, understand what is the total coverage, amount and processing time for insurance.
- Terms & Conditions
Insurance plans are always under scrutiny. So, save yourself from last time unpleasant surprises, go through T&C pages cautiously. Understand what all and how many members does the policy cover. What is the critical illness and emergency condition coverage and also the hospital network affiliated to insurance providers.
There’s always a better option available. Therefore, to ensure you are buying the best health insurance plan, consider comparing 2-3 insurance plans from different IRDAI registered providers. List the amenities, budget, coverage scales of various plans. Then, compare and prioritize your selection points and reach the final decision.
- Emergency Illness And Hospitalization Coverage Amounts
While shortlisting and researching various health insurance providers, you would encounter that all providers present and calculate hospital expenses, critical illness scenarios differently. So, to make sure you don’t regret buying one at the last moment, go through these T&C beforehand.
- Claim Settlement Ratio
Some medical health insurance policies follow a lengthy and strenuous process for claim settlements. And generally, this ends up losing the insurance money. So, always browse and lead your search to one following easy and rapid claim settlement process.
- Customized Plans
Last but not the least, customization in health insurance plans. Customized plans always make sure you get the best out of it too at a friendly budget according to your medical conditions, family requirements and whatnot!
One of the reputable and trusted insurance providers allowing customized health plans is Care Health Insurance. They are a known name in the market, and deliver a host of comprehensive health insurance plan, so you can be sure to find something tailored to your specific needs. By considering and mapping your search for the best health insurance around these factors, you can save yourself from last time hassle.